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

Issue Open	Sep 25, 2018 - Oct 1, 2018
Issue Type	Fixed Price Issue IPO
Issue Size	3,000,000 Eq Shares of Rs 10 (aggregating up to Rs 18.00 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 60 Per Equity Share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	BSE SME

A1 Acid IPO Subscription Status (Bidding Detail)

A1 Acid IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	1,422,000	1,422,000	2,844,000
Oct 1, 2018 18:50	2.37x	1.25x	1.81x

A1 Acid IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

A1 Acid IPO Rating

2.8

Rating:

Vote Here ...

A1 Acid IPO Listing Date

Listing Date	Wednesday, October 10, 2018
BSE Script Code	542012
NSE Symbol
Listing In
ISIN	INE911Z01017
Issue Price	Rs 60 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE SME
Rs 60.00
Rs 61.00
Rs 61.00
Rs 62.00
Rs 61.25
526,000

A1 Acid IPO Reviews / Ratings

Dilip Davda - Avoid

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 Lead Manager(s)

Guiness Corporate Advisors Pvt Ltd

Lead Manager Reports

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Find A1 Acid IPO Latest Update

Useful Articles

A1 Acid IPO Review / Comments

4. Smeupdate Sep 17, 2018 10:17

1 |

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

Load more comments (2 replies)

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

2 |

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

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 (200+ Posts, 300+ Likes)

It's Acid Test for LM

Name		Phone
Email		City
State
Are you a day trader?