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 |
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)
| Category | IPO Subscription |
|---|---|
| NII | 2.37x |
| RII | 1.25x |
| Total | 1.81x |
| 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 |
|
|
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
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 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.
Useful Articles
Compare Share Broker in India
Download Mobile App
Our Websites
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Acct Best Broker for Beginners More Reports...Discount Broker Review
Zerodha (₹20/trade) Upstox (₹20/trade) Angel Broking (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Full-service Review
Angel Broking (₹20/trade) IIFL Securities (₹20/trade) Aliceblue (₹20/trade) ICICI Direct (₹20/trade) Edelweiss (₹10/trade) More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading Homepage
Options Overview
Benefits & Risks of Options
Options Pricing
Options Trading FAQs
Options Trading Glossary
Broker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI Homepage
Best NRI Trading Account
Best NRI 3-in-1 Account
Top 10 Discount Brokers
Top 10 Full-Service Brokers
NRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
Top Contributor (200+ Posts)