Associated Coaters IPO vs Sattrix IPO

Comparision between Associated Coaters IPO and Sattrix IPO.

IPO Details

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

	Associated Coaters IPO	Sattrix IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Isk Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Sunflower Broking Private 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 Sattrix IPO is up to ₹21.78 Cr. The final issue price of Associated Coaters IPO is ₹121.00 per share and of Sattrix IPO is ₹121.00 per share.

	Associated Coaters IPO	Sattrix IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹121.00 per share	₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	4,22,000 shares	18,00,000 shares
Fresh Issue Size (Amount)	up to ₹5.11 Cr	up to ₹21.78 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	4,22,000 shares	18,00,000 shares
Issue Size Total (Amount)	up to ₹5.11 Cr	up to ₹21.78 Cr

IPO Timetable

Associated Coaters IPO opens on May 30, 2024, while Sattrix IPO opens on Jun 05, 2024. The closing date of Associated Coaters IPO and Sattrix IPO is Jun 03, 2024, and Jun 07, 2024, respectively.

	Associated Coaters IPO	Sattrix IPO
Anchor Bid Date
Issue Open	May 30, 2024	Jun 05, 2024
Issue Close	Jun 03, 2024	Jun 07, 2024
Basis Of Allotment (Tentative)	Jun 04, 2024	Jun 10, 2024
Initiation of Refunds (Tentative)	Jun 05, 2024	Jun 11, 2024
Credit of Share (Tentative)	Jun 05, 2024	Jun 11, 2024
Listing date (Tentative)	Jun 06, 2024	Jun 12, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Associated Coaters IPO P/E ratio is 20.72, as compared to Sattrix IPO P/E ratio of 15.12.

Associated Coaters IPO

Sattrix 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

Sattrix Information Security Limited Financial Information (Restated Consolidated)

Sattrix Information Security Limited's revenue increased by 60.76% and profit after tax (PAT) rose by 86.86% 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	2,462.28	2,567.06	1,449.07	950.32
Revenue	3,061.61	3,775.65	2,348.69	2,120.23
Profit After Tax	250.71	400.12	214.13	193.83
Net Worth	1,446.96	1,194.02	776.51	557.12
Reserves and Surplus	946.96	1,193.02	775.51	556.12
Total Borrowing	384.77	194.55	235.88	44.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

68.79%

P/E Ratio

20.72

15.12

Market Cap

₹16.36 Cr.

₹82.28 Cr.

ROE

71.66%%

18.99%%

ROCE

68.30%%

20.93%%

Debt/Equity

0.07

0.27

EPS

₹5.84

₹8.00

RoNW

53.69%%

17.33%%

Shares Offered

In the Associated Coaters IPO retail investors (RII) are offered 1,78,000 shares while in Sattrix 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 Sattrix IPO.

	Associated Coaters IPO	Sattrix IPO
Anchor Investor Reserveration
Market Maker Reserveration	66,000 shares	92,000 shares
QIB	0 shares	0 shares
NII	1,78,000 shares	8,54,000 shares
RII	1,78,000 shares	8,54,000 shares
Employee	0 shares	0 shares
Others
Total	3,56,000 shares	17,08,000 shares

Bids Received (Subscription)

Associated Coaters IPO subscribed 371.14x in total, whereas Sattrix IPO subscribed 70.44x.

	Associated Coaters IPO	Sattrix IPO
QIB (times)
NII (times)	239.63x	87.88x
Big NII (times)
Small NII (times)
RII (times)	494.99x	37.76x
Employee (times)
Other (times)
Total (times)	371.14x	70.44x

Compare with others

Associated Coaters IPO	Sattrix IPO
GPES Solar IPO	GEM Enviro IPO
United Cotfab IPO	GPES Solar IPO
3C IT IPO	United Cotfab IPO
Magenta Lifecare IPO	3C IT IPO
Sattrix IPO	Magenta Lifecare IPO
TBI Corn IPO	Associated Coaters IPO
Ztech India IPO	TBI Corn IPO
Aimtron Electronics IPO	Ztech India IPO
Beacon Trusteeship IPO	Aimtron Electronics IPO
GSM Foils IPO	Beacon Trusteeship IPO

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