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)|
|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
|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|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Oct 1, 2018 18:50
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