A-1 Acid Limited IPO

Add to Calendar 2018-09-25 12:00 AM 2018-10-01 12:00 AM Asia/Kolkata A-1 Acid Limited IPO A-1 Acid Limited India

A- Acid Limited serves the industrial sectors like chemicals, textile, steel, and aluminium with is the varied range of chemical products consisting of high-quality Industrial Acid and Chemicals. Besides this, it also offers transportation facilities through a fleet of tankers to its customers. It operates from its registered office located in Ahmedabad. The company has two warehouses that are located in Gujarat and Rajasthan.

Date of Incorporation: The company was incorporated as ‘A-1 Acid Private Limited’ on 22nd of April 2004. Subsequently, the company was reconstructed to public limited company renamed to ‘A-1 Acid Limited’ on 29th January 2018 at Ahmedabad.

Promoters of A-1 Acid Limited: Mr Harshadkumar Patel and Mr Jitendra Patel are the promoters of A-1 Acid Limited.

Products and Services Offering: The company offers varied products and services that carters requirement of several industrial sectors. Some of its products range includes Nitric Acid (HNO3), Hydrochloric Acid, Hydrochloric Acid, Acetic Acid, Calcium Carbonate, and Oleum among its diversified portfolio offering.

Customer Segments: The Clientele of the company is spread across several states including Gujarat, Karnataka, Maharashtra, Odisha, Telangana, and Haryana among others.

The Objects of A-1  Acid Limited IPOThe main Objectives of A-1 Acid Limited IPO are:

  • - Funding for Working Capital needs.

  • - General Corporate Expenses.

  • - Issue Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -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

Issue Detail

  • Issue Open: Sep 25, 2018
  • Issue Close: Oct 01, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 60 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 18.00 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,422,000 1,422,000 - - 2,844,000
Day 1 - Sep 25, 2018IST - 0.14x 0.01x - - 0.07x
Day 2 - Sep 26, 2018IST - 0.15x 0.05x - - 0.10x
Day 3 - Sep 27, 2018IST - 0.44x 0.11x - - 0.27x
Day 4 - Sep 28, 2018IST - 0.94x 0.46x - - 0.70x
Day 5 - Oct 01, 2018IST - 2.37x 1.25x - - 1.81x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 60.00 -
Open Rs 61.00 -
Low Rs 61.00 -
High Rs 62.00 -
Last Trade Rs 61.25 -
Volume 526,000 -

A-1 Acid Limited Red Herring Prospectus

A-1 Acid Limited User Rating

Votes
0

A-1 Acid Limited Life IPO Reviews

A-1 Acid Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us