Basis of Allotment

(This is only an advertisement for information purposes and is not a prospectus announcement)

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ASSOCIATED COATERS LIMITED

Corporate Identification Number: U28129WB2017PLC224001

Our Company was originally incorporated as 'ASSOCIATED COATERS PRIVATE LIMITED' a private limited company under the Companies Act, 2013 with the Registrar of Companies (‘ROC'), Kolkata pursuant to Certificate of Incorporation dated December 22, 2017. The name oie of the company was changed from 'ASSOCIATED COATERS PRIVATE LIMITED' to "ASSOCIATED COATERS LIMITED", consequent to conversion of our company from private limited company to public limited company, pursuant to Special Resolution passed by the shareholders of our Company in the Extra-ordinary General Meetinging held on October 24,2023, and a fresh certificate of incorporation consequent to change of name was issued by ROC. Kolkata on December 19, 2023. The corporate identification number of our company is U28129WB2017PLC224001. For further details please refer to the chapter titled "History and Certain Corporate Matters" be' beginning on Page 121 of this Prospectus.

Registered Office: Ashuti Khanberia Maheshtala LP 20/83/46. Kolkata. Vivekanandapur. South 24 Parganas. Thakurpukur Mahestofa. West Bengal, India, 700141

Telephone: +91 98304 37701 | Email: info@associatedcoaters.in | Website: www.associatedcoaters.in;

Contact Person: Heenal Hitesh Rathod. Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MR. JAGJIT SINGH DHILLON AND MRS. NAVNEET KAUR

"The Issue is being made in accordance with Chapter IX of the SEBIICDR Regulations (IPO ol Small and Medium Enterprises) and the equity shares are proposed to be listed on SME Platform ot Bombay Stock Exchange (BSESME).

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 4.22.000 EQUITY SHARES OF FACE VALUE OF 7 10.00 EACH ("EQUITY SHARES") OF ASSOCIATED COATERS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF 7 121 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF 7 111 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO 7 510.62 LAKHS ("THE ISSUE") OF WHICH 66,000 EQUITY SHARES OF FACE VALUE OF 7 10.00 EACH FOR CASH AT A PRICE OF 7121 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF 7 111 PER EQUITY SHARE AGGREGATING TO 7 79.86 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 3.56.000 EQUITY SHARES OF FACE VALUE OF 710.00 EACH AT A PRICE OF 7 121 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF 7 111 PER EQUITY SHARE AGGREGATING TO 7 430.76 LAKHS (THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 31.21 % AND 26.33% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS Rs.10/- AND
THE ISSUE PRICE IS 12.1 TIMES OF THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: THURSDAY, MAY 30, 2024
CLOSED ON: MONDAY, JUNE 03, 2024
RISK TO INVESTORS:

Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the pnce of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.

1. The average cost of acquisition of Equity Shares by our Promoters is set forth in the table below:

Sr. No. Name of the Promoters No of Equity Shares held Average cost of Acquisition (in Rs.)
1. MR. JAGJIT SINGH DHILLON 6.19,814 0.32
2. MRS. NAVNEET KAUR 3.10.000 0.32

2. Weighted average cost of acquisition:

Types of transactions Weighted average cost of acquisition (Rs. per Equity Shares)
Weighted average cost of acquisition of primary / new issue of shares. NIL
Weighted average cost of acquisition for secondary sale / acquisition of shares. NIL

Investors are required to refer section titled "Risk Factors" on page 25 of the Prospectus.

Our Company has filed the Prospectus dated May 24.2024 with the ROC. Kolkata (the "Prospectus"} The Equity Shares of the Company are proposed to be listed on the SME Platform of Bombay Stock Exchange Limited i.e.. BSE. in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval from BSE for the listing of the Equity Shares pursuant to letter dated April 1. 2024.

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category is made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public is initially made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public is made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, it any. would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount (‘ASBA') process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs. in case of Rlls, if applicable, v/hich will be blocked by the Self Certified Syndicate Banks ("SCSBs") for the same.

SUBSCRIPTION DETAILS

The Net Issue has received 95975 applications before technical rejections for 1222 Equity Shares resulting in 403.68 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received:

Category Gross Less: Rejections* Valid
Application Equity Shares Application Equity Shares Application Equity Shares
Non-Retail Investors 8873 44125000 126 397000 8747 43728000
Retail Individual Investors 88323 88323000 1096 1096000 87227 87227000
Market Maker 1 66000 - - 1 66000
Total 97197 132514000 1222 1493000 95975 131021000

'This indudes 122 applications lor 1,22,000 equity shares from Retail investors which were not in book but excludes bids (UPI mandates) not accepted by investors.

Note:

1. There were 1222 Technical Rejections for 1493000 Equity Shares. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE on June 4.2024.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 121/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 66,000 Equity Shares. The category-wise details ot the 8asis of Allotment are as under:

No. of Shares Applied for No. of Applications Received % to total Total No. of Shares Applied % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted % to total
66000 1 100 66000 100 1 1:1 66000 100

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Pnce of Rs. 121/- per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations. 2018. the total number of shares allotted in this category is 238000 Equity Shares. The category was subscribed by 366.50 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for No. of Applications Received % to total Total No. of Shares Applied % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted % to total
87227000 87227 100 7227000 100 238000 2:733 238000 100

C) Allocation to Other than Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non-Retail Investors, at the Issue Price of 7 121/- per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allotted in this category is 118000 Equity Shares. The category was subscribed by 370.58 times. The category-wise details of the Basis of Allotment are as under:

Sr. No. No. of Shares Applied for (Cateqory wise) No. of Applications Received %to total Total No. ol Equity Shares applied in each Category % to Total No. of Equity Shares alio- Ratio of Allottees cated/ allotted per Applicant to Applicants Total Number of shares allotted
1 2000 5820 66.54 11640000 26 62 1000 4 751 31000
2 3000 608 6.95 1824000 4.17 1000 5 608 5000
3 4000 503 5.75 2012000 4.6 1000 5 503 5000
4 5000 356 4.07 1780000 4.07 1000 5 356 5000
5 6000 174 1.99 1044000 2.39 1000 1 58 3000
6 7000 92 1.05 644000 1.47 1000 1 46 2000
7 8000 191 2.18 1528000 3.49 1000 4 191 4000
8 9000 432 4.94 3888000 8.89 1000 11 432 11000
9 10000 207 2.37 2070000 4.73 1000 2 69 6000
10 11000 43 0.49 473000 1.08 1000 1 43 1000
11 12000 24 0.27 288000 0.66 1000 1 24 1000
12 13000 34 0.39 442000 1.01 1000 1 34 1000
13 14000 14 0.16 196000 0.45 1000 1 14 1000
14 15000 34 0.39 510000 1.17 1000 1 34 1000
15 16000 20 0.23 320000 0.73 1000 1 20 1000
16 17000 9 0.1 153000 0.35 1000 0 0 0
17 18000 12 0.14 216000 0.49 1000 1 12 1000
18 19000 11 0.13 209000 0.48 1000 1 11 1000
19 20000 31 0.35 620000 1.42 1000 2 31 2000
20 21000 7 0.08 147000 0.34 1000 0 0 0
21 22000 4 0.05 88000 0.2 1000 0 0 0
22 23000 3 0.03 69000 0.16 1000 0 0 0
23 24000 4 0.05 96000 0 22 1000 0 0 0
24 25000 6 0.07 150000 0.34 1000 0 0 0
25 26000 1 0.01 26000 0.06 1000 0 0 0
26 27000 3 0.03 81000 0.19 1000 0 0 0
27 28000 1 0.01 28000 006 1000 0 0 0
28 29000 5 0.06 145000 0.33 1000 0 0 0
29 30000 8 0.09 240000 0.55 1000 1 8 1000
30 31000 1 0.01 31000 0.07 1000 0 0 0
31 32000 2 0.02 64000 0.15 1000 0 0 0
32 33000 2 0.02 66000 0.15 1000 0 0 0
33 35000 1 0.01 35000 0.08 1000 0 0 0
34 36000 3 0.03 108000 0.25 1000 0 0 0
35 39000 3 0.03 117000 0.27 1000 0 0 0
36 40000 4 0.05 160000 0.37 1000 0 0 0
37 41000 5 0.06 205000 0.47 1000 1 5 1000
38 44000 1 0.01 44000 0.1 1000 0 0 0
39 47000 1 0.01 47000 0.11 1000 0 0 0
40 49000 1 0.01 49000 0.11 1000 0 0 0
41 50000 2 0.02 100000 0.23 1000 0 0 0
42 64000 3 0.03 192000 0.44 1000 1 3 1000
43 66000 1 0.01 66000 0.15 1000 0 0 0
44 77000 1 0.01 77000 0.18 1000 0 0 0
45 82000 4 0.05 328000 0.75 1000 1 4 1000
46 83000 5 0.06 415000 0.95 1000 1 5 1000
47 85000 2 0.02 170000 0.39 1000 0 0 0
48 86000 1 0.01 86000 0.2 1000 0 0 0
49 90000 1 0.01 90000 0.21 1000 0 0 0
50 100000 6 0.07 600000 1.37 1000 1 3 2000
51 115000 1 0.01 115000 0.26 1000 0 0 0
52 123000 1 0.01 123000 0.28 1000 0 0 0
53 130000 2 0.02 260000 0.59 1000 1 2 1000
54 140000 1 0.01 140000 0.32 1000 0 0 0
55 150000 1 0.01 150000 0.34 1000 0 0 0
56 153000 1 0.01 153000 0 35 1000 0 0 0
57 159000 1 0.01 159000 0.36 1000 0 0 0
58 161000 1 0.01 161000 037 1000 0 0 0
59 168000 1 0.01 168000 0.38 1000 0 0 0
60 175000 1 0.01 175000 0.4 1000 0 0 0
61 200000 3 0.03 600000 1.37 1000 2 3 2000
62 201000 1 0.01 201000 0.46 1000 1 1 1000
63 203000 1 0.01 203000 0.46 1000 1 1 1000
64 204000 1 0.01 204000 0.47 1000 1 1 1000
65 216000 1 0.01 216000 0.49 1000 1 1 1000
66 219000 1 0.01 219000 0.5 1000 1 1 1000
67 223000 1 0.01 223000 0.51 1000 1 1 1000
68 232000 1 0.01 232000 0.53 1000 1 1 1000
69 237000 1 0.01 237000 0.54 1000 1 1 1000
70 241000 1 0.01 241000 0.55 1000 1 1 1000
71 244000 1 0.01 244000 0.56 1000 1 1 1000
72 246000 1 0.01 246000 0.56 1000 1 1 1000
73 247000 1 0.01 247000 0.56 1000 1 1 1000
74 250000 1 0.01 250000 0.57 1000 1 1 1000
75 312000 1 0.01 312000 0.71 1000 1 1 1000
76 356000 12 0.14 4272000 9.77 1000 1 1 12000

The Board of Directors of the Company at its meeting held on June 4, 2024, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before June 5. 2024. Further, the instructions to Self-Certified Syndicate Banks for unblocking of funds will process on or prior to June 5.2024. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the Emerge Platform of NSE within 3 working days from the Closure of the Issue. The trading is proposed to be commenced on June 6,2024 subject to receipt of listing and trading approvals from BSE.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated May 24.2024 ("Prospectus").

INVESTORS.PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant. Serial number of the Application Form. Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

wpe2.jpg (3665 bytes) BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2,6" Floor, Pinnacle Business Park, next to Ahura Centre, Mahakali Caves Road, Andheri East,
Mumbai - 400 093, Maharashtra, India | Telephone: 022 - 6263 8200 | E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com | Website: www.bigshareonline.com
Contact Person: Mr, Vinayak Morbale | SEBI Registration Number: INR000001385
For Associated Coaters Limited
Sd/-
Mr. Jagjit Singh Dhillon
Place: West Bengal Designation: Managing Director
Date: June 06, 2024 DIN:07980441

LEVEL OF SUBSCRIPTION SHOULO NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SILKFLEX POLYMERS (INDIA) LIMITED

ASSOCIATED COATERS LIMITED is proposing, subject to market conditions and other considerations, public otter ot its Equity Shares and has tiled the Prospectus with the Registrar ot Companies, Kolkata, on May 24,2024. The Prospectus is available on the website of the Lead Manager at www.gretexcorporate.com, the website ot the BSE i.e., www.bseindia.com, and website ot our Company at www.associatedcoaters.in. Investor should read the Prospectus carefully, including the Risk Factors on page 25 of the Prospectus before making any investment decision. The Equity Shares have not been and will not be registered under the U.S. Securities Act 1933, as amended (the "Securities Act") or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S. persons' (as defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be issued and sold (i) in the United States only to "qualified institutional buyers', as defined in Rule 144A of the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and in compliance with the applicable laws of the jurisdiction where those offers and sales occur. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be issued or sold, and Application may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.

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