A1 Acid Limited Ipo

A1 acid limited ipo

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A1 Acid IPO Overview – 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.

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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.

Promoters of A1 Acid – Harshadkumar Patel and Jitendra Patel
A1 Acid IPO details
Subscription Dates25 September – 1 October 2018
IPO Price bandINR60 per share
Fresh issue 3,000,000 shares (INR18 crore)
Offer for saleNil
Total IPO size3,000,000 shares (INR18 crore)
Minimum bid (lot size)2,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
Use of funds
  • Working Capital Requirement – INR13.00 crore
  • General Corporate Purpose – INR3.52 crore
  • Issue Expenses – INR1.48 crore
A1 Acid’s financial performance (in INR crore)
Total revenue101.197.085.4105.896.2
Total expenses100.596.984.1101.392.3
Profit after tax-
A1 Acid’s Contact Details

A1 Acid Limited
Corporate House No.

A-1, Shivalik Business Centre

A1 acid limited ipo

Rajpath Club, S. G.

A1 acid limited ipo

Bodakdev, Ahmedabad -380059

Phone: +91 79-40091111
Email:[email protected]
Website: www.a1acid.com

A1 Acid IPO Subscription Details
DaySubscription (no. of times)
Day 10.07
Day 20.09
Day 30.26
Day 40.67
Day 51.71
A1 Acid Valuation (For FY2018)

Earnings Per Share (EPS): INR3.54

Price/Earnings (P/E) ratio: 3.54

Return on Net Worth (RONW): 17.98%

Net Asset Value (NAV): INR19.69 per share

Registrar of A1 Acid IPO

Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai-600 002
Tamil Nadu, India

Phone: +91 44 2846 0390
Fax: +91 44 2846 0129
Email: [email protected]
Website: http://www.cameoindia.com

A1 Acid IPO Allotment Status

A1 Acid IPO allotment status is now available on Cameo Corporate Services’ website.

Click on this link to get allotment status.

Listing performance of A1 Acid

IPO Opening Date: 25 September 2018

IPO Closing Date: 1 October 2018

Listing Date: 10 October 2018

Listing Price on BSE SME: INR61 per share (up 1.67% from IPO price)

Closing Price on BSE SME: INR61.25 per share (up 2.08% from IPO price)

A1 acid limited ipo