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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 ₹60.00 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). The minimum lot size investment for 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 Date | September 25, 2018 to October 1, 2018 |
| Listing Date | October 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹18.00 Cr) |
| Reserved for Market Maker | 1,56,000 shares Guiness Securities Ltd. (aggregating up to ₹0.9360 Cr) |
| Net Offered to Public | 28,44,000 shares (aggregating up to ₹17.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
A1 Acid IPO offers total 30,00,000 shares. Out of which 14,22,000 (47.40%) allocated to NII, 14,22,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.20%) |
| NII (HNI) Shares Offered | 14,22,000 (47.40%) |
| Retail Shares Offered | 14,22,000 (47.40%) |
| Total Shares Offered | 30,00,000 (100.00%) |
A-1 Acid IPO opens on September 25, 2018, and closes on October 1, 2018.
| IPO Open Date | Tue, Sep 25, 2018 |
| IPO Close Date | Mon, Oct 1, 2018 |
| Tentative Listing Date | Wed, Oct 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 1, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-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) | |
The Company A-1 Acid IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 13.00 |
| 2 | General Corporate Purpose | 3.53 |
| 3 | Issue Expenses | 1.48 |
[Dilip Davda] <p>Issue is priced very aggressively discounting all near term positives. Inconsistent financial record of the company raises concern for future working. There is no harm in giving this issue a miss.</p> Read detail review...
| Listing Date | October 10, 2018 |
| BSE Script Code | 542012 |
| NSE Symbol | |
| ISIN | INE911Z01017 |
| Final Issue Price | ₹60 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹61.00 |
| Low | ₹61.00 |
| High | ₹62.00 |
| Last Trade | ₹61.25 |
A-1 Acid Ltd.
Corporate House No. A-1,
Shivalik Business Centre, B/h. Rajpath Club,
S. G. Highway, Bodakdev
Ahmedabad, Gujarat, 380059
Phone: +91-79-40091111
Email: cs@a1acid.com
Website: http://www.a1acid.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
A-1 Acid IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹18.00 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on September 25, 2018, and closes on October 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 September 25, 2018 and closes on October 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 Wednesday, October 10, 2018.
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