Associated Coaters' Stock Rollercoaster: Opens at 17.36% Premium, Then Plummets to 5% Lower Circuit Associated Coaters' Stock Rollercoaster: Opens at 17.36% Premium, Then Plummets to 5% Lower Circuit 

Associated Coaters opened strong with a 17.36% increase to ₹142 on its BSE SME debut. Despite the initial gain over the issue price of ₹121, the stock quickly hit a 5% lower circuit, contrasting its positive start.

The Associated Coaters IPO, priced at ₹121 per share with a face value of ₹10, opened for subscription on May 30 and closed on June 3. Investors could apply for a minimum of 1,000 shares, with additional shares in multiples of 1,000.

Associated Coaters Limited excels in powder-coating aluminium extrusions, primarily for the architectural and real estate sectors. Their method integrates detailed cleaning and chemical preparation, followed by electrostatic spray coating for strong adhesion. After curing for enhanced durability, each product undergoes strict quality inspections and defect corrections before packaging, ensuring high standards and flawless finishes are maintained throughout the process.

Associated Coaters Limited seeks IPO funds to enhance manufacturing with INR 1.45 crores for equipment, allocate INR 2 crores for working capital, and support general corporate activities and growth strategies.