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

Sep 25, 2018 - Oct 1, 2018

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 Promoters:

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.

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:

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 Details

IPO Opening DateSep 25, 2018
IPO Closing DateOct 1, 2018
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹60 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME
Issue Size3,000,000 Eq Shares of ₹10
(aggregating up to ₹18.00 Cr)

A1 Acid IPO Lot Size

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).

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹120,000
Maximum12000₹120,000

A1 Acid IPO Subscription Status (Bidding Detail)

The A1 Acid IPO is subscribed 1.81x times on Oct 1, 2018 18:50. The public issue subscribed 1.25x in the retail category, in the QIB category, and 2.37x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

2.37x

RII

1.25x

Total

1.81x

A1 Acid IPO Prospectus

A1 Acid IPO Rating

42
2.8
Rating:Rated 2.8 stars

Vote Here ...

A1 Acid IPO Listing Date

Listing DateWednesday, October 10, 2018
BSE Script Code542012
NSE Symbol
Listing In
ISININE911Z01017
IPO Price₹60 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹60.00
₹61.00
₹61.00
₹62.00
₹61.25
526,000

A1 Acid IPO Reviews / Ratings

Company Contact Information

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
   Cameo Corporate Services Ltd.,
   Subramanian Building # 1, Club House Road,
   Chennai 600 002 - India

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

A1 Acid IPO FAQs

  1. What is A1 Acid IPO?

    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.

  2. When A1 Acid IPO will open?

    The A1 Acid IPO opens on Sep 25, 2018 and closes on Oct 1, 2018.

  3. What is the lot size of A1 Acid IPO?

    A1 Acid IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

  4. How to apply for A1 Acid IPO?

    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.

  5. When A1 Acid IPO allotment?

    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.

  6. When is A1 Acid IPO listing date?

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

A1 Acid IPO Message Board

Ranked Members  Ranked Members

Loading...
4. Smeupdate |Sep 17, 2018 10:17
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 |Sep 24, 2018 17:38
No one...have 100% positive track record
4.4. Neha Bakshi |Sep 24, 2018 18:29
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 |Sep 19, 2018 18:35
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 |Sep 19, 2018 17:50
Top Contributor Top Contributor (200+ Posts)
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 |Sep 19, 2018 13:23
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
It's Acid Test for LM







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