Associated Coaters IPO vs GPES Solar IPO

Comparision between Associated Coaters IPO and GPES Solar IPO.

IPO Details

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

	Associated Coaters IPO	GPES Solar 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	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Ss Corporate Securities 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 GPES Solar IPO is up to ₹30.79 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of GPES Solar IPO is ₹94.00 per share.

	Associated Coaters IPO	GPES Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹90.00 per share
Issue Price (Upper)		₹94.00 per share
Issue Price (Final)	₹121.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	4,22,000 shares	32,76,000 shares
Fresh Issue Size (Amount)	up to ₹5.11 Cr	up to ₹30.79 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,22,000 shares	32,76,000 shares
Issue Size Total (Amount)	up to ₹5.11 Cr	up to ₹30.79 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while GPES Solar IPO opens on Jun 14, 2024. The closing date of Associated Coaters IPO and GPES Solar IPO is Jun 03, 2024, and Jun 19, 2024, respectively.

	Associated Coaters IPO	GPES Solar IPO
Anchor Bid Date		Jun 13, 2024
Issue Open	May 30, 2024	Jun 14, 2024
Issue Close	Jun 03, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 04, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 05, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 05, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 06, 2024	Jun 24, 2024
Anchor Lockin End date 1		Jul 20, 2024
Anchor Lockin End date 2		Sep 18, 2024

Financials

Associated Coaters IPO P/E ratio is 20.72, as compared to GPES Solar IPO P/E ratio of 21.44.

Associated Coaters IPO

GPES Solar 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

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% 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	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

86.4%

Promoter Shareholding (Post-Issue)

68.79%

62.23%

P/E Ratio

20.72

21.44

Market Cap

₹16.36 Cr.

₹110.08 Cr.

ROE

71.66%%

44.59%%

ROCE

68.30%%

26.51%%

Debt/Equity

0.07

1.11

EPS

₹5.84

₹4.38

RoNW

53.69%%

42.70%%

Shares Offered

In the Associated Coaters IPO retail investors (RII) are offered 1,78,000 shares while in GPES Solar IPO retail investors are offered 1,78,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Associated Coaters IPO and 5,89,200 shares in GPES Solar IPO.

	Associated Coaters IPO	GPES Solar IPO
Anchor Investor Reserveration		8,83,200 shares
Market Maker Reserveration	66,000 shares	3,27,600 shares
QIB	0 shares	5,89,200 shares
NII	1,78,000 shares	4,44,000 shares
RII	1,78,000 shares	10,32,000 shares
Employee	0 shares	0 shares
Others
Total	3,56,000 shares	20,65,200 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas GPES Solar IPO subscribed 856.21x.

	Associated Coaters IPO	GPES Solar IPO
QIB (times)		236.64x
NII (times)	239.63x	1,824.87x
Big NII (times)
Small NII (times)
RII (times)	494.99x	793.20x
Employee (times)
Other (times)
Total (times)	371.14x	856.21x

Compare with others

Associated Coaters IPO	GPES Solar IPO
GPES Solar IPO	Medicamen Organics IPO
United Cotfab IPO	EnNutrica IPO
3C IT IPO	Falcon Technoprojects India IPO
Magenta Lifecare IPO	Durlax Top Surface IPO
Sattrix IPO	GEM Enviro IPO
TBI Corn IPO	United Cotfab IPO
Ztech India IPO	3C IT IPO
Aimtron Electronics IPO	Magenta Lifecare IPO
Beacon Trusteeship IPO	Sattrix IPO
GSM Foils IPO	Associated Coaters IPO

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