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
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 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

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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,192.24	2,339.62	1,925.11	1,973.14
Revenue	6,737.02	2,588.40	3,083.89	2,395.67
Profit After Tax	779.83	196.71	8.42	64.62
Net Worth	2,191.00	998.95	802.24	793.82
Reserves and Surplus	1,250.39	888.95	692.25	683.82
Total Borrowing	130.84	71.03	71.74	93.75
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

Compare with others

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

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