Fixed Price IPO | ₹18 Cr | Listed at BSE SME | Tue, Sep 25, 2018 - Mon, Oct 1, 2018
A-1 Acid IPO is a fixed price issue of ₹18.00 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹18.00 crore.
A-1 Acid IPO bidding started from Sep 25, 2018 and ended on Oct 1, 2018. The shares got listed on BSE SME on Oct 10, 2018.
A-1 Acid IPO price is ₹60 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Guiness Securities Ltd..
Refer to A-1 Acid IPO RHP for detailed Information.
IPO Open
Tue, Sep 25, 2018
IPO Close
Mon, Oct 1, 2018
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹60.00 Cr
| IPO Date | 25 Sep to 1 Oct, 2018 |
| Listed on | Wed, Oct 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹18 Cr) |
| Reserved for Market Maker | 1,56,000 shares Guiness Securities Ltd. (agg. up to ₹0.9360 Cr) |
| Fresh Issue (Ex Market Maker) | 28,44,000 shares (agg. up to ₹17 Cr) |
| Net Offered to Public | 28,44,000 shares (agg. up to ₹17 Cr) |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
| BSE Script Code | 542012 |
| ISIN | INE911Z01017 |
A-1 Acid IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,44,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,22,000 (50.00%) allocated to NII 14,22,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,22,000 | 50.00% | 47.40% |
| Retail Shares Offered | 14,22,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.20% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in 2004, Ahmedabad based A-1 Acid Limited is a company engaged in the business of trading of industrial acid and Chemicals. The company offers a wide range of chemical products used in different industries like aluminum, chemical, textile, steel, pesticides, fertilizers, defense, metals, and petrol refineries. It also provides transportation facilities to businesses through its fleet of tankers.
The products are marketed and sold in the states of Gujarat, Maharashtra, Jharkhand, Haryana, Odisha, Karnataka, Telangana, Madhya Pradesh, Rajasthan, and Uttar Pradesh.
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.
The company's two warehouses are located at Gujarat.
The total revenue of the Company stood at Rs. 9616.50 lakhs, Rs. 10579.67 lakhs, and Rs. 8539.29 lakhs for the fiscal years 2018, 2017 and 2016 respectively.
The PAT stood at Rs. 247.88 lakhs, Rs. 300.04 lakhs, and Rs. 92.48 lakhs for the fiscal years 2018, 2017 and 2016 respectively.
The company has employed one Managing Director, 7 fulltime employees, and 30 temporary laborers.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 13.00 |
| 2 | General Corporate Purpose | 3.53 |
| 3 | Issue Expenses | 1.48 |
The A1 Acid IPO is subscribed 1.81 times on October 1, 2018 6:50:02 PM (Day 5). The public issue subscribed 1.25 times in the retail category, [.] times in the QIB category, and 2.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.37 | 14,22,000 | 33,66,000 |
| Retail | 1.25 | 14,22,000 | 17,80,000 |
| Total | 1.81 | 28,44,000 | 51,46,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees and reimbursement of underwriting commission, Brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrars etc. | 1.14 |
| 2 | Regulatory and other fees | 0.04 |
| 3 | Other Expenses (marketing, printing, stationery expenses, postage etc.) | 0.30 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹61.00 |
| Low | ₹61.00 |
| High | ₹62.00 |
| Last Trade | ₹61.25 |
Lead Manager Reports
A-1 Acid IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹18 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Sep 25, 2018, and closes on Mon, Oct 1, 2018.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in A-1 Acid IPO using UPI as a payment gateway. Zerodha customers can apply in A-1 Acid IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in A-1 Acid IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The A-1 Acid IPO opens on Tue, Sep 25, 2018 and closes on Mon, Oct 1, 2018.
A-1 Acid IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in A-1 Acid IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for A-1 Acid IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the A-1 Acid IPO allotment status.
The A-1 Acid IPO listing date is on Wed, Oct 10, 2018.
