A-1 Acid Limited IPO
(i) A-1 Acid Private Limited was incorporated in Gujarat, Dadra & Nagar Haveli on April 22, 2004. A-1 Acid Limited is engaged in the business of trading of high-quality industrial acid and Chemicals. They offer a wide range of chemical products which finds a variety of applications in the industrial sector like chemical, textile, steel, aluminium, pesticides, College, intermediates, defence, metals and petro refineries. We also provide transportation facilities to our customers through our owned fleet of tankers.
(ii) The Company is promoted by Harshadkumar Patel and Jitendra Patel. Promoters are actively and fully involved in the day-to-day affairs of the company’s operations. Harshadkumar Patel and Jitendra Patel have 25 years and 20 years of experience respectively in the Chemical and acid business and industry.
(iii) 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.
(iv) 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. 96.16 Cr, Rs. 105.79 Cr, and Rs. 85.39 Cr 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. 2.47 Cr, Rs. 3 Cr, and Rs. .92 Cr respectively.
Objects of the A-1 Acid Limited IPO:
A-1 Acid Limited IPO Details:
|Open Date:||Sep 25 2018|
|Close Date:||Oct 01 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||18 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 60 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Oct 10 2018|
Promoters And Management:
Financials of A-1 Acid Limited IPO:
|Particulars||For the year/period ended (in Rs Lacs)|
|Profit After Tax||247.88||300.04||92.48||12.61||(12.39)|
Comparison With Peers:
Recommendation on A-1 Acid Limited IPO:
Lead Manager of A-1 Acid Limited IPO:
Registrar of A-1 Acid Limited IPO:
Bid Details of A-1 Acid Limited IPO as on
01 Oct 2018 | 11:58:04 PM
|Category||No.of shares offered||No. of shares bid|