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A-1 Acid Limited IPO (A1 Acid IPO) Detail

September 25, 2018 - October 1, 2018

A1 Acid IPO is a fixed price issue of Rs 18.00 crores.

A1 Acid IPO bidding started from September 25, 2018 and ended on October 1, 2018. The shares got listed on BSE SME on October 10, 2018.

A1 Acid IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Guiness Corporate Advisors Pvt Ltd is the book running lead manager of the A1 Acid IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to A1 Acid IPO RHP for detailed information.

A1 Acid IPO Details

IPO Date September 25, 2018 to October 1, 2018
Listing Date October 10, 2018
Face Value ₹10 per share
Price ₹60 per share
Lot Size 2000 Shares
Total Issue Size3,000,000 shares
(aggregating up to ₹18.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion156,000 shares

A1 Acid IPO Reservation

A1 Acid IPO offers 3,000,000 shares. 1,422,000 (47.40%) to NII, 1,422,000 (47.40%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered156,000 (5.20%)
Other Shares Offered1,422,000 (47.40%)
Retail Shares Offered1,422,000 (47.40%)
Total Shares Offered3,000,000 (100%)

A1 Acid IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹120,000
Retail (Max) 1 2000 ₹120,000
Lot Size Calculator

About A-1 Acid Limited

Incorporated in 2004, Ahmedabad based A-1 Acid Limited is a company engaged in the business of trading of industrial acid and Chemicals. The company offers a wide range of chemical products used in different industries like aluminum, chemical, textile, steel, pesticides, fertilizers, defense, metals, and petrol refineries. It also provides transportation facilities to businesses through its fleet of tankers.

The products are marketed and sold in the states of Gujarat, Maharashtra, Jharkhand, Haryana, Odisha, Karnataka, Telangana, Madhya Pradesh, Rajasthan, and Uttar Pradesh.

A-1 Acid Limited has an agreement with Gujarat State Fertilizers & Chemicals Limited for selling Sulphuric Acid. It has also an agreement with Hindalco Industries Limited and Gujarat Narmada Valley Fertilizers Company Limited as an authorized dealer.

The company's two warehouses are located at Gujarat.

The total revenue of the Company stood at Rs. 9616.50 lakhs, Rs. 10579.67 lakhs, and Rs. 8539.29 lakhs for the fiscal years 2018, 2017 and 2016 respectively.

The PAT stood at Rs. 247.88 lakhs, Rs. 300.04 lakhs, and Rs. 92.48 lakhs for the fiscal years 2018, 2017 and 2016 respectively.

The company has employed one Managing Director, 7 fulltime employees, and 30 temporary laborers.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,934.59 3,765.29 2,593.89 2,415.72 2,436.23
Total Revenue 9,616.50 10,579.67 8,539.29 9,700.82 10,114.03
Profit After Tax 247.88 300.04 92.48 12.61 (12.39)

Objects of the Issue (A1 Acid IPO Objectives)

The objects of the issue are-

1. Funding of working capital requirements of the Company Rs 1300.00 lakhs
2. General Corporate Purpose- Rs 352.50 lakhs
3. Issue Expenses- Rs 147.50 lakhs

A1 Acid IPO Review (Avoid)

[Dilip Davda]  

Issue is priced very aggressively discounting all near term positives. Inconsistent financial record of the company raises concern for future working. There is no harm in giving this issue a miss.

Read detail review...


A1 Acid IPO Subscription Status (Bidding Detail)

The A1 Acid IPO is subscribed 1.81 times on October 1, 2018 6:50:02 PM. The public issue subscribed 1.25 times in the retail category, times in the QIB category, and 2.37 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other2.37
Retail1.25
Total1.81

A1 Acid IPO Prospectus

A1 Acid IPO Rating

42
2.8
Rating:Rated 2.8 stars
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A1 Acid IPO Listing Details

Listing Date October 10, 2018
BSE Script Code 542012
NSE Symbol
ISIN INE911Z01017
Final Issue Price ₹60 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹60.00
₹61.00
₹61.00
₹62.00
₹61.25

Check IPO Performance…

A-1 Acid Limited Contact Details

A-1 Acid Limited
Corporate House No. A-1,
Shivalik Business Centre, B/h. Rajpath Club,
S. G. Highway, Bodakdev, Ahmedabad -380059,
Phone: +91-79-40091111
Email: cs@a1acid.com
Website: http://www.a1acid.com/

A1 Acid IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/

A1 Acid IPO - Buy or Not

A1 Acid IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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A1 Acid IPO FAQs

A1 Acid IPO is a SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹18.00 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.

The IPO opens on September 25, 2018, and closes on October 1, 2018.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The A1 Acid IPO opens on September 25, 2018 and closes on October 1, 2018.

A1 Acid IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.

You can apply in A1 Acid IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for A1 Acid IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the A1 Acid IPO allotment status.

The A1 Acid IPO listing date is on October 10, 2018.
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A1 Acid IPO Message Board

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8 Comments

4. Smeupdate |   Link |  Bookmark |September 17, 2018 10:17:06 AM
Waa solar ke bass bhi guineas ki sharam Nahi aayi. Some of the new guineas listing. Waa solar at 151 rs is now 61 rs. Jhandewala food at 55 rs is now 49 rs. Ang life'science at 80 rs now 60 rs. Raw edge down. Guiness Shame on u
4.3. Jai D. Patel |   Link |  Bookmark |September 24, 2018 5:38:29 PM
No one...have 100% positive track record
4.4. Neha Bakshi |   Link |  Bookmark |September 24, 2018 6:29:36 PM
If no LM has 100% track record then does it mean one shud not apply for IPO at all.???...And in that case investment in shares is doubtful...

In short , 1 shud have a risk taking appetite to invest in Capital markets be it primary (IPO) or secondary.
3. Smeupdate |   Link |  Bookmark |September 19, 2018 6:35:29 PM
when waa solar came people said vadodra based companied never go down

we all know fate

please look at company and LM fundamentals and not get carried away with such things
2. Splendid |   Link |  Bookmark |September 19, 2018 5:50:04 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Only Positive is company Belongs to Ahmedabad.. Ahmedabad based company never lists at Discount...Now lets see whats gonna happen with A1 Acid..
1. GrowYourMoney |   Link |  Bookmark |September 19, 2018 1:23:11 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
It's Acid Test for LM