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Open
25 Sep to 1 Oct, 2018
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Close
25 Sep to 1 Oct, 2018
3
Allotment
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Listing
Wed, Oct 10, 2018
Price Band
₹60 per share
Issue Size
30,00,000 shares (agg. up to ₹18 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Oct 10, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.74x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 39.35 | 37.65 | 25.94 |
| Total Income | 96.17 | 105.80 | 85.39 |
| Profit After Tax | 2.48 | 3.00 | 0.92 |
| NET Worth | 13.78 | 11.30 | 8.30 |
| Reserves and Surplus | 6.78 | 10.30 | 7.30 |
| Total Borrowing | 14.85 | 16.96 | 11.35 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 13.00 |
| 2 | General Corporate Purpose | 3.53 |
| 3 | Issue Expenses | 1.48 |
About A-1 Acid IPO
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
Contact Details
A-1 Acid Ltd. AddressCorporate House No.A-1Shivalik Business Centre, B/h.Rajpath ClubS.G.Highway, BodakdevAhmedabad, Gujarat, 380059+91-79-40091111cs@a1acid.comVisit Website