Sunday, September 23, 2018

A1 Acid IPO Dates, Review, Price Band, Allotment & Market Lot

A1 Acid Limited is incorporated in 2004 based in Ahmedabad. The company is a trader of industrial acid and chemicals. They offers chemical products to industries like textile, steel, fertilizers, metals, petrol refineries, alluminium and more. They are marketing their products in states like Gujarat, Telangana, Madhya Pradesh, Rajasthan, Uttar Pradesh, Karnataka, Odisha, Haryana, Maharashtra and more. They has an agreement of an authorized dealer for Hindalco and Narmada Valley Fertilizers Company Limited. They have agreement to sell Sulphuric Acid with GSFC as well. A1 Acid ipo is starting from 25-September and ends on 01-October. The price band is around Rs.60 with 2000 market lot. The ipo size is around 18 crore rupees.

IPO Review:
  • Risky
A1 Acid IPO Dates & Price Band:
  • IPO Open: 25-September-2018
  • IPO Close: 01-October-2018
  • IPO Size: Approx Rs 18 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.60 Per Equity Share
  • Listing on: BSE SME
  • Shares: 3,000,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 2,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,20,000
IPO Allotment & Listing:
  • Basis of Allotment: 08-October-2018
  • Refunds: 09-October-2018
  • Credit to demat accounts: 10-October-2018
  • Listing: 11-October-2018
Financial Results:
  Rs. in Crore
Revenue Expense PAT
2014 101.0 100.5 0.12
2015 97.0 96.9 0.13
2016 85.4 84.1 0.92
2017 105.8 101.3 3.00
2018 96.2 92.3 2.48
A1 Acid IPO Important Links:
Company Promoters:
  • Harshadkumar Patel
  • Jitendra Patel
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus

IPO Registrar:
Cameo Corporate Services Limited
Phone: +91 44 2846 0390
Fax: +91 44 2846 0129

IPO Lead Managers:
  • Guiness Corporate Advisors Pvt Ltd
Company Address:
A1 Acid Limited
Corporate House No. A-1, Shivalik Business Centre
B/h. Rajpath Club, S. G. Highway
Bodakdev, Ahmedabad -380059
Phone: +91 79-40091111