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Associated Coaters Limited IPO Review

Associated Coaters Limited IPO company specializes in cleaning and powder coating aluminum parts used in architecture and real estate. First, they thoroughly clean the aluminum to remove any dirt, grease, or other contaminants that could affect the coating process. Applying powder coating is a precise process. They use an electrostatic spray gun to give the powder particles a negative charge. These charged particles stick to the positively charged surface like a magnet. Then, they heat the particles, so they melt and fuse together, forming a smooth and even coating.

Associated Coaters Pvt Ltd Competitive Strengths are Robust Project Execution Capabilities and Proven Industry Expertise, Nurturing Strong Customer Relationships for Sustained Business Success, Quality Assurance Excellence, Seasoned Leadership at the Helm. Their Business Strategies are Sustained Emphasis on Resource Optimization, Attracting and Nurturing Talent: A Priority, Expanding Horizons and Broadening Customer Reach.

Associated Coaters Limited Products and Services

Associated Coaters Limited Products and services are Services are Powder Coating, PVDF Coating, Wood Film Coating, Industrial Fabrication, their company has a lot of experience in powder coating. This process involves spraying dry powder onto a charged surface. It creates a stronger coating in one go compared to regular paint. The electrostatic charge helps the powder stick to the surface, and after heating, it forms a durable finish. Their Wood Film Coating services are designed to be the perfect base for sublimation decoration. This detailed process uses special inks and polyurethane powder coating. With the right heat and pressure, photographic images blend into the coating, creating a beautiful and long-lasting finish.

They firmly believe that their employees are key to their business success. Their growth depends on attracting, training, motivating, and keeping talented people. They are dedicated to not only hiring great talent but also creating an environment that encourages ongoing development and motivation. They believe their success in competition depends on consistently delivering high-quality service, on-time deliveries, and competitive prices, which strengthen their brand reputation. By offering cost-effective, integrated solutions and maintaining a strong focus on customer satisfaction and reliability, their quality-driven approach gives them a strong market position.

Financial Overview  

The company specializes in powder coating aluminum extrusions for the real estate industry. It operates in a very competitive and fragmented market. Considering the projected earnings for FY24, the IPO seems fully priced. The small equity post-IPO suggests a longer time before significant growth. With IPO expenses at 22.8%, the IPO model seems fully structured. It's advisable to skip this fully priced offer.