A-1 Acid Limited IPO (A1 Acid IPO) Detail

A-1 Acid Limited

A-1 Acid Limited IPO (A1 Acid IPO) Detail

ABOUT THE COMPANY:

A-1 Acid Private Limited was incorporated in Gujarat, Dadra & Nagar Haveli on April 22, 2004.

A-1 ACID ltd is engaged in the business of trading of high quality industrial acid and Chemicals.

They offer a wide range of chemical products which finds variety of applications in the industrial sector like chemical, textile, steel, aluminium,pesticides, College, intermediates, defence, metals and petro refineries.. Company also provide transportation facilities to customers through company owned fleet of tankers.The registered office of the company is situated at Ahmedabad, Gujarat. The Company have two godowns/warehouses both are located at Gujarat and one branch office located at Rajasthan. Both of the offices are well equipped with the necessary infrastructure facilities.

A-1 Acid Private Limited procures the products from the suppliers including companies like Gujarat State Fertilizers & Chemicals Limited (GSFC), Gujarat Narmada Valley Fertilizers Company Limited (GNFC), Hindalco Industries and is made available to the customer.

A-1 Acid Limited has an agreement with Gujarat State Fertilizers & Chemicals Limited for selling Sulphuric Acid. It has also an agreement with Hindalco Industries Limited and Gujarat Narmada Valley Fertilizers Company Limited as an authorized dealer.

As per restated financial statements for the fiscal year ended on March 31, 2018, 2017 and March 31, 2016, the total revenue of the Company stood at Rs. 9616.50 lakhs, Rs. 10579.67 lakhs, and Rs. 8539.29 lakhs respectively. Further, Company profit after tax for the fiscal year ended on March 31, 2018, March 31, 2017, and March 31, 2016, stood at Rs. 247.88 lakhs, Rs. 300.04 lakhs, and Rs. 92.48 lakhs respectively.

Promoters And Management of A-1 Acid Private Limited:

(1)Harshadkumar Patel aged 49 years is the Chairman and Managing Director of our Company. He has completed his Diploma in Mechanical Engineering from B & B Polytechnic, Vallabh Vidhya Nagar, Gujarat.

(2)Jitendra Patel aged 46 years, is the Whole-time Director of our Company. He has completed First Year B.com from L.J. CC College, Gujarat University.

They together hold 54,60,000 Equity Shares representing 78.00% of the issued and paid-up Equity Share capital the Company.

Financials of A-1 Acid Limited IPO:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 101.14 97.00 85.39 105.79 96.16
Net Profit (-0.12) 0.12 0.92 3.00 2.47

 

Objects of the A-1 Acid Limited IPO:

The objects of the ipo are-

1. Funding of working capital requirements of the Company Rs 1300.00 lakhs
2. General Corporate Purpose- Rs 352.50 lakhs
3. Issue Expenses- Rs 147.50 lakhs

A-1 Acid Limited IPO Details:

Details Info
Issue Opens on 25th September 2018
Issue Closes on:. 1st October 2018
Issue Price Rs.60
Face Value Rs.10
Minimum Lot 2000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 30.00%
Issue Size Rs.18 cr
Market Cap Rs.60 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 30,00,000
Equity Shares Prior 70,00,000
Equity Shares after the issue 1,00,00,000

A1 Acid IPO Allotment Status:CLICK BELOW

Cameo Corporate Services Limited 

Company Contact Information:

A-1 Acid Limited
Corporate House No. A-1,
Shivalik Business Centre, B/h. Rajpath Club,
S. G. Highway, Bodakdev, Ahmedabad -380059,
Phone: +91-79-40091111
Fax:
Email: cs@a1acid.com
Website: http://www.a1acid.com/

A1 Acid IPO Registrar:

Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India

Phone: +91-44-28460390
Fax: +91-44-28460129
Email: cameo@cameoindia.com
Website: http://www.cameoindia.com

A1 Acid IPO Lead Manager:

GUINESS CORPORATE ADVISORS PRIVATE LIMITED
18, Deshapriya Park Road, Kolkata 700 026, West Bengal, India.
Telephone: +91 33 3001 5555
Facsimile: +91 33 3001 5531
Email: gcapl@guinessgroup.net
Website: www.guinessonline.net

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