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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

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