Chittorgarh.com
Free Trading + Demat Account

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 OpenSep 25, 2018 - Oct 1, 2018
Issue TypeFixed Price Issue IPO
Issue Size3,000,000 Eq Shares of Rs 10
(aggregating up to Rs 18.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 60 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

A1 Acid IPO Subscription Status (Live)

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

A1 Acid IPO Rating

42
2.8
Rating:Rated 2.8 stars

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

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
Fax:
Email: cs@a1acid.com
Website: http://www.a1acid.com/

A1 Acid IPO Registrar

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

Phone: +91-44-28460390
Fax: +91-44-28460129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com

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...

A1 Acid IPO Review / Comments

avatar
4. Smeupdate  Sep 17, 2018 10:17 I Like It. 2 | Report Abuse Reply
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
avatar
4.3. Jai D. Patel  Sep 24, 2018 17:38 I Like It. | Report Abuse
No one...have 100% positive track record
avatar
4.4. Neha Bakshi  Sep 24, 2018 18:29 I Like It. | Report Abuse
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.
avatar
3. Smeupdate  Sep 19, 2018 18:35 I Like It. 2 | Report Abuse Reply
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
avatar
2. Splendid  Sep 19, 2018 17:50 I Like It. | Report Abuse Reply
Only Positive is company Belongs to Ahmedabad.. Ahmedabad based company never lists at Discount...Now lets see whats gonna happen with A1 Acid..
avatar
1. GrowYourMoney  Sep 19, 2018 13:23 I Like It. | Report Abuse Reply
It's Acid Test for LM
  • Special Offers
    by Popular Stock Brokers
  • HDFC Securities
    Open your 3-in-1 account with free Demat and Trading Account. Demat account AMC fee of ₹750 waived off for the first year.
  • Sharekhan
    Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.
  • Angel Broking
    Get free lifetime AMC on Demat & Trading account with Angel when you pay ₹1500 (payable in 2nd year). Get the offer
  • India Infoline (IIFL)
    Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer
  • Ventura
    Zero account opening fees for limited time. Request a Callback
  • Motilal Oswal
    Get Free Trading + Demat Account (₹500 waived on account opening) for limited time. Get the offer
  • Religare
    Get Free Trading + Demat Account for limited time. Get the offer
  • Zerodha
    Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer
  • ProStocks
    Get Free Trading + Demat Account for limited time. Request a Callback
  • 5paisa
    Open 5Paisa Trading Account & get FREE Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 10 per order. Get the offer
  • Upstox
    Get account opening fees as brokerage cashback + Free equity delivery trading (truly no brokerage) + Flat ₹20 for Intraday and F&O trades. Get the Exclusive Offer
  • SAMCO
    Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App
  • Fyers
    Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage). Get the offer
  • Beeline
    Open a Lifetime free AMC Demat Account at just ₹176 + 15 days trading free. Use coupon code CHT176 for this special offer.
  • AliceBlue
    Get Zero AMC Demat Account for life.
  • Trustline
    Get 50% disocunt (₹500 Off) on Lifetime FREE AMC Demat Account fee (₹1000).
  • RMoney
    Free Account Opening + Free Demat AMC for Life + Free Call & Trade
  • iTradeOnline
    Get 50% disocunt (₹500 Off) on Lifetime FREE AMC Demat Account fee (₹1000).


More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: