A-1 Acid Limited IPO

A-1 Acid Limited

Issue Open

Sep 25, 2018

Price Band

₹ 60

Issue Size

₹ 18.00 Cr

Credit of Shares to Demat

-

Issue Close

Oct 01, 2018

Bid Lot

2000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

2000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Oct 10, 2018

Refunds

-

About the company:

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

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