A-1 Acid IPO is all set to make its debut on 26th Sept 18 with 42.87 Cr is a company engaged in the business of manufacturing high quality galvanized steel wires and wire products
A-1 Acid IPO – overview
| IPO Dates | 26th sept-1st oct 18 |
| IPO Price | INR 60 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,000,000 shares (INR 18 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
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.
Objects of the Issue
- Funding of working capital requirements of the Company Rs 1300.00 lakhs.
- General Corporate Purpose- Rs 352.50 lakhs.
- Issue Expenses- Rs 147.50 lakhs
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 3,934.59 | 3,765.29 | 2,593.89 |
| Total Revenue | 9,616.50 | 10,579.67 | 8,539.29 |
| Profit After Tax | 247.88 | 300.04 | 92.48 |
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
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
A1 Acid IPO Lead Manager(s)
- Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
