May 30, 2024 - June 3, 2024

Associated Coaters IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Associated Coaters IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Associated Coaters IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Associated Coaters IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is engaged in the business of powder coating of aluminium extrusions used for real estate industry. It is operating in a highly competitive and fragmented segment. Based on FY24 annualized super earnings, the issue appears fully priced. Tiny post-IPO equity indicates longer gestation period for migration. IPO expenses of 22.8% indicates fully structure model of the IPO. There is no harm in skipping this fully priced issue. Read detail review...

Associated Coaters IPO Peer Comparison

Associated Coaters Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Associated Coaters Limited	5.84	5.84	234.48	20.72	77.19	0.52

Associated Coaters IPO Review by Members

Associated Coaters IPO Reviews, analysis and views by popular members. Read Associated Coaters Limited IPO reviews by retail investors to find recommended ipo to buy.

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Associated Coaters IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Mr G	Apply for Long Term at Cut-off Price since a small company but much upgraded in this sector in eastern part of India and working for the very niche client and making a good prafitability of somewhere around 20%. So one can park some fund in this. May 30, 2024 6:34:30 PM

Member

Review

Mr G

Apply for Long Term at Cut-off Price

since a small company but much upgraded in this sector in eastern part of India and working for the very niche client and making a good prafitability of somewhere around 20%. So one can park some fund in this.

May 30, 2024 6:34:30 PM

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