A1 Acid IPO

A1 Acid IPOA1 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. 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 Dates 25 September - 1 October 2018
IPO Price band INR60 per share
Fresh issue 3,000,000 shares (INR18 crore)
Offer for sale Nil
Total IPO size 3,000,000 shares (INR18 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE 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)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 101.1 97.0 85.4 105.8 96.2
Total expenses 100.5 96.9 84.1 101.3 92.3
Profit after tax -0.12 0.13 0.92 3.00 2.48
A1 Acid's Contact Details

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

A1 Acid IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.07
Day 2 0.09
Day 3 0.26
Day 4 0.67
Day 5 1.71
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: cameo@cameoindia.com
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 IPO
3.6 (72%) 5 votes

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