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.
IPO Review:
- Risky
A1 Acid IPO Dates & Price Band:
- IPO Open: 25-September-2018
- IPO Close: 01-October-2018
- IPO Size: Approx Rs 18 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.60 Per Equity Share
- Listing on: BSE SME
- Shares: 3,000,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 2,000 Shares (Minimum Lot Size)
- Amount: Rs.1,20,000
IPO Allotment & Listing:
- Basis of Allotment: 08-October-2018
- Refunds: 09-October-2018
- Credit to demat accounts: 10-October-2018
- Listing: 11-October-2018
Financial Results:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2014 | 101.0 | 100.5 | 0.12 | ||
| 2015 | 97.0 | 96.9 | 0.13 | ||
| 2016 | 85.4 | 84.1 | 0.92 | ||
| 2017 | 105.8 | 101.3 | 3.00 | ||
| 2018 | 96.2 | 92.3 | 2.48 | ||
Company Promoters:
- Harshadkumar Patel
- Jitendra Patel
IPO Registrar:
Cameo Corporate Services Limited
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com
IPO Lead Managers:
- Guiness Corporate Advisors Pvt Ltd
Company Address:
A1 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: www.a1acid.com
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