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A1 Acid IPO is a fixed price issue of Rs 18.00 crores.
A1 Acid IPO bidding started from September 25, 2018 and ended on October 1, 2018. The shares got listed on BSE SME on October 10, 2018.
A1 Acid IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Oneview Corporate Advisors Pvt. Ltd. is the book running lead manager of the A1 Acid IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to A1 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 |
Price | ₹60 per share |
Lot Size | 2000 Shares |
Total Issue Size | 3,000,000 shares (aggregating up to ₹18.00 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 7,000,000 |
Share holding post issue | 10,000,000 |
Market Maker portion | 156,000 shares |
A1 Acid IPO offers 3,000,000 shares. 1,422,000 (47.40%) to NII, 1,422,000 (47.40%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 156,000 (5.20%) |
Other Shares Offered | 1,422,000 (47.40%) |
Retail Shares Offered | 1,422,000 (47.40%) |
Total Shares Offered | 3,000,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹120,000 |
Retail (Max) | 1 | 2000 | ₹120,000 |
Lot Size Calculator |
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 objects of the issue 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
[Dilip Davda]
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.
Read detail review...The A1 Acid IPO is subscribed 1.81 times on October 1, 2018 6:50:02 PM. 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) |
---|---|
Other | 2.37 |
Retail | 1.25 |
Total | 1.81 |
Listing Date | October 10, 2018 |
BSE Script Code | 542012 |
NSE Symbol | |
ISIN | INE911Z01017 |
Final Issue Price | ₹60 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹60.00 |
₹61.00 |
₹61.00 |
₹62.00 |
₹61.25 |
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
Email: cs@a1acid.com
Website: http://www.a1acid.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Check our SME IPO Guide
A1 Acid IPO is a SME IPO of 3,000,000 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 Shares.
The IPO opens on September 25, 2018, and closes on October 1, 2018.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The A1 Acid IPO opens on September 25, 2018 and closes on October 1, 2018.
A1 Acid IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
You can apply in A1 Acid IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for A1 Acid IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the A1 Acid IPO allotment status.
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Smeupdate| Link | Bookmark |September 17, 2018 10:17:06 AM