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Associated Coaters IPO vs Ztech India IPO

Comparision between Associated Coaters IPO and Ztech India IPO.

IPO Details

Associated Coaters IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Ztech India IPO is a SME Book Built Issue proposed to list at NSE SME.

  Associated Coaters IPO Ztech India IPO
Logo Associated Coaters IPO Logo Ztech India IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Gretex Corporate Services Limited Narnolia Financial Services Ltd
Registrar Bigshare Services Pvt Ltd Maashitla Securities Private Limited
Market Maker Gretex Share Broking Private Limited Nvs Brokerage Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Associated Coaters IPO is up to ₹5.11 Cr whereas the issue size of the Ztech India IPO is up to ₹37.30 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of Ztech India IPO is ₹110.00 per share.

  Associated Coaters IPO Ztech India IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹104.00 per share
Issue Price (Upper) ₹110.00 per share
Issue Price (Final) ₹121.00 per share ₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1200 shares
Fresh Issue Size 4,22,000 shares 33,91,200 shares
Fresh Issue Size (Amount) up to ₹5.11 Cr up to ₹37.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 4,22,000 shares 33,91,200 shares
Issue Size Total (Amount) up to ₹5.11 Cr up to ₹37.30 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while Ztech India IPO opens on May 29, 2024. The closing date of Associated Coaters IPO and Ztech India IPO is Jun 03, 2024, and May 31, 2024, respectively.

  Associated Coaters IPO Ztech India IPO
Anchor Bid Date May 28, 2024
Issue Open May 30, 2024 May 29, 2024
Issue Close Jun 03, 2024 May 31, 2024
Basis Of Allotment (Tentative) Jun 04, 2024 Jun 03, 2024
Initiation of Refunds (Tentative) Jun 05, 2024 Jun 05, 2024
Credit of Share (Tentative) Jun 05, 2024 Jun 05, 2024
Listing date (Tentative) Jun 06, 2024 Jun 05, 2024
Anchor Lockin End date 1 Jul 03, 2024
Anchor Lockin End date 2 Sep 01, 2024

Financials

Associated Coaters IPO P/E ratio is 20.72, as compared to Ztech India IPO P/E ratio of 13.27.

  Associated Coaters IPO Ztech India IPO
Financial

Associated Coaters Limited Financial Information (Restated)

Associated Coaters Limited's revenue increased by 157.47% and profit after tax (PAT) rose by 297.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets364.74296.12201.812.72
Revenue397.00358.94139.41
Profit After Tax75.7754.3013.67-0.14
Net Worth141.1170.3416.052.38
Reserves and Surplus48.1167.3413.05-0.62
Total Borrowing9.909.9010.100.20
Amount in ₹ Lakhs

Ztech India Limited Financial Information (Restated Consolidated)

Ztech India Limited's revenue increased by 160.28% and profit after tax (PAT) rose by 296.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets4,192.242,339.621,925.111,973.14
Revenue6,737.022,588.403,083.892,395.67
Profit After Tax779.83196.718.4264.62
Net Worth2,191.00998.95802.24793.82
Reserves and Surplus1,250.39888.95692.25683.82
Total Borrowing130.8471.0371.7493.75
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 82.65%
Promoter Shareholding (Post-Issue) 68.79% 60.75%
P/E Ratio 20.72 13.27
Market Cap ₹16.36 Cr. ₹140.77 Cr.
ROE 71.66%% 34%%
ROCE 68.30%% 44.02%%
Debt/Equity 0.07 0.06
EPS ₹5.84 ₹8.29
RoNW 53.69%% 34%%

Shares Offered

In the Associated Coaters IPO retail investors (RII) are offered 1,78,000 shares while in Ztech India IPO retail investors are offered 1,78,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Associated Coaters IPO and 6,44,400 shares in Ztech India IPO.

  Associated Coaters IPO Ztech India IPO
Anchor Investor Reserveration 9,64,800 shares
Market Maker Reserveration 66,000 shares 1,70,400 shares
QIB 0 shares 6,44,400 shares
NII 1,78,000 shares 4,83,600 shares
RII 1,78,000 shares 11,28,000 shares
Employee 0 shares 0 shares
Others
Total 3,56,000 shares 22,56,000 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas Ztech India IPO subscribed 371.39x.

  Associated Coaters IPO Ztech India IPO
QIB (times) 123.10x
NII (times) 239.63x 832.37x
Big NII (times)
Small NII (times)
RII (times) 494.99x 315.59x
Employee (times)
Other (times)
Total (times) 371.14x 371.39x

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