Associated Coaters IPO vs GSM Foils IPO

Comparision between Associated Coaters IPO and GSM Foils IPO.

IPO Details

Associated Coaters IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while GSM Foils IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Associated Coaters IPO	GSM Foils IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 GSM Foils IPO is up to ₹11.01 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of GSM Foils IPO is ₹32.00 per share.

	Associated Coaters IPO	GSM Foils IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹121.00 per share	₹32.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	4000 shares
Fresh Issue Size	4,22,000 shares	34,40,000 shares
Fresh Issue Size (Amount)	up to ₹5.11 Cr	up to ₹11.01 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,22,000 shares	34,40,000 shares
Issue Size Total (Amount)	up to ₹5.11 Cr	up to ₹11.01 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while GSM Foils IPO opens on May 24, 2024. The closing date of Associated Coaters IPO and GSM Foils IPO is Jun 03, 2024, and May 28, 2024, respectively.

	Associated Coaters IPO	GSM Foils IPO
Anchor Bid Date
Issue Open	May 30, 2024	May 24, 2024
Issue Close	Jun 03, 2024	May 28, 2024
Basis Of Allotment (Tentative)	Jun 04, 2024	May 29, 2024
Initiation of Refunds (Tentative)	Jun 05, 2024	May 30, 2024
Credit of Share (Tentative)	Jun 05, 2024	May 30, 2024
Listing date (Tentative)	Jun 06, 2024	May 31, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Associated Coaters IPO P/E ratio is 20.72, as compared to GSM Foils IPO P/E ratio of 20.98.

Associated Coaters IPO

GSM Foils 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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	364.74	296.12	201.81	2.72
Revenue	397.00	358.94	139.41
Profit After Tax	75.77	54.30	13.67	-0.14
Net Worth	141.11	70.34	16.05	2.38
Reserves and Surplus	48.11	67.34	13.05	-0.62
Total Borrowing	9.90	9.90	10.10	0.20
Amount in ₹ Lakhs

GSM Foils Limited Financial Information (Restated)

GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,208.18	1,438.18	1,050.65	720.57
Revenue	2,717.87	6,588.69	7,185.04	3,646.23
Profit After Tax	124.79	142.97	63.65	33.93
Net Worth	126.99	835.73	659.06	657.82
Reserves and Surplus	124.79
Total Borrowing	1,412.95	242.43	219.20
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

68.79%

73.14%

P/E Ratio

20.72

20.98

Market Cap

₹16.36 Cr.

₹41.00 Cr.

ROE

71.66%%

23.62%%

ROCE

68.30%%

1.60%%

Debt/Equity

0.07

11.13

EPS

₹5.84

₹1.53

RoNW

53.69%%

98.27%%

Shares Offered

In the Associated Coaters IPO retail investors (RII) are offered 1,78,000 shares while in GSM Foils IPO retail investors are offered 1,78,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Associated Coaters IPO and 0 shares in GSM Foils IPO.

	Associated Coaters IPO	GSM Foils IPO
Anchor Investor Reserveration
Market Maker Reserveration	66,000 shares	1,76,000 shares
QIB	0 shares	0 shares
NII	1,78,000 shares	16,32,000 shares
RII	1,78,000 shares	16,32,000 shares
Employee	0 shares	0 shares
Others
Total	3,56,000 shares	32,64,000 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas GSM Foils IPO subscribed 257.30x.

	Associated Coaters IPO	GSM Foils IPO
QIB (times)
NII (times)	239.63x	259.51x
Big NII (times)
Small NII (times)
RII (times)	494.99x	247.10x
Employee (times)
Other (times)
Total (times)	371.14x	257.30x

Compare with others

Associated Coaters IPO	GSM Foils IPO
GPES Solar IPO	Associated Coaters IPO
United Cotfab IPO	TBI Corn IPO
3C IT IPO	Ztech India IPO
Magenta Lifecare IPO	Aimtron Electronics IPO
Sattrix IPO	Beacon Trusteeship IPO
TBI Corn IPO	Vilas Transcore IPO
Ztech India IPO	Hariom Atta & Spices IPO
Aimtron Electronics IPO	Rulka Electricals IPO
Beacon Trusteeship IPO	Quest Laboratories IPO
GSM Foils IPO	Piotex Industries IPO

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