Associated Coaters Ltd - IPO

Associated Coaters Ltd IPO Details

Public Issue of upto 4,22,000 equity shares of face value of Rs. 10.00 each (equity shares) of Associated Coaters Limited (the company or the issuer) for cash at a price of Rs. 121 per equity share including a share premium of Rs. 111 per equity share (the Issue Price) aggregating to Rs. 5.11 Crores (the issue) of which 66,000 equity shares of face value of Rs. 10.00 each for cash at a price of Rs. 121 per equity share including a share premium of Rs. 111 per equity share aggregating to Rs. 0.80 Crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Net issue of 3,56,000 equity shares of face value of Rs. 10.00 each at a price of Rs. 121 per equity share including a share premium of Rs. 111 per equity share aggregating to Rs. 4.31 Crores (the Net Issue). The gross issue and the net issue will constitute 31.21% and 26.33% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10.00 and the issue price is 12.10 times of the face value of the equity shares.

Objective of issue

Funding Capital Expenditure Towards Installation of Plant & Machinery in Our Existing Permises. Working Capital Requirements. General Corporate Purposes.

Associated Coaters Ltd Contact Details

Associated Coaters Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@associatedcoaters.in

Website - www.associatedcoaters.in