A1 Acid IPO Overview – A1 Acid is engaged in the business of trading of high quality industrial acid and Chemicals. The company offers a wide range of chemical products which find variety of applications in the industrial sector like chemical, textile, steel, aluminium, pesticides, fertilizers, intermediates, defence, metals and petro refineries. The company also provides transportation facilities to its customers through owned fleet of tankers. Currently, the registered and correspondence offices of the company are situated at Gujarat. It has two godowns/warehouses both are located at Gujarat and one branch office located at Rajasthan.
Promoters of A1 Acid – Harshadkumar Patel and Jitendra Patel
| A1 Acid IPO details | |
| Subscription Dates | 25 September – 1 October 2018 |
| IPO Price band | INR60 per share |
| Fresh issue | 3,000,000 shares (INR18 crore) |
| Offer for sale | Nil |
| Total IPO size | 3,000,000 shares (INR18 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirement – INR13.00 crore
- General Corporate Purpose – INR3.52 crore
- Issue Expenses – INR1.48 crore
| A1 Acid’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 101.1 | 97.0 | 85.4 | 105.8 | 96.2 | |
| Total expenses | 100.5 | 96.9 | 84.1 | 101.3 | 92.3 | |
| Profit after tax | -0.12 | 0.13 | 0.92 | 3.00 | 2.48 | |
A1 Acid’s Contact Details
A1 Acid Limited
Corporate House No. A-1, Shivalik Business Centre
B/h. Rajpath Club, S. G. Highway
Bodakdev, Ahmedabad -380059
Phone: +91Â 79-40091111
Email: [email protected]
Website: www.a1acid.com
A1 Acid IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.07 |
| Day 2 | 0.09 |
| Day 3 | 0.26 |
| Day 4 | 0.67 |
| Day 5 | 1.71 |
A1 Acid Valuation (For FY2018)
Earnings Per Share (EPS): INR3.54
Price/Earnings (P/E) ratio: 3.54
Return on Net Worth (RONW): 17.98%
Net Asset Value (NAV): INR19.69 per share
Registrar of A1 Acid IPO
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email:Â [email protected]
Website:Â http://www.cameoindia.com
A1 Acid IPO Allotment Status
A1 Acid IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get allotment status.
Listing performance of A1 Acid
IPO Opening Date: 25 September 2018
IPO Closing Date: 1 October 2018
Listing Date: 10 October 2018
Listing Price on BSE SME: INR61 per share (up 1.67% from IPO price)
Closing Price on BSE SME: INR61.25 per share (up 2.08% from IPO price)
