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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.
The Promoters of the company are Harshadkumar Patel and Jitendra Patel. They together hold 54,60,000 Equity Shares representing 78.00% of the issued and paid-up Equity Share capital the Company.
| 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) | |
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
| IPO Opening Date | Sep 25, 2018 |
| IPO Closing Date | Oct 1, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | 3,000,000 Eq Shares of ₹10 (aggregating up to ₹18.00 Cr) |
The A1 Acid IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120,000 |
| Maximum | 1 | 2000 | ₹120,000 |
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...The A1 Acid IPO is subscribed 1.81 times on 10/1/2018 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)
| Category | Subscription (times) |
|---|---|
| NII | 2.37 |
| Retail | 1.25 |
| Total | 1.81 |
| Listing Date | Wednesday, October 10, 2018 |
| BSE Script Code | 542012 |
| NSE Symbol | |
| Listing In | |
| ISIN | INE911Z01017 |
| IPO Price | ₹60 per equity share |
| Face Value | ₹10 per equity share |
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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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/
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 equity share. The minimum order quantity is 2000 Shares.
The IPO opens on Sep 25, 2018, and closes on Oct 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 Sep 25, 2018 and closes on Oct 1, 2018.
A1 Acid IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
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, Edelweiss, 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.
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