Ongoing SME IPO_A1 Acid Ltd


A1 Acid Ltd

Issue Analysis :

Issue opens Sept.25, 2018
Issue Closes Oct. 01, 2018
Issue Price Rs 60
Lot Size 2000
Issue Size 18 Cr
Lead Manager Guiness Corporate Advisors Private Limited
Registrar Cameo Corporate Services Ltd
Platform BSE

Company’s Snapshot :

A1 Acid is engaged in the business of trading of high quality industrial acid and Chemicals. The company offers a wide range of chemical products which find variety of applications in the industrial sector like chemical, textile, steel, aluminium, pesticides, fertilizers, intermediates, defence, metals and petro refineries. The company also provides transportation facilities to its customers through owned fleet of tankers. Currently, the registered and correspondence offices of the company are situated at Gujarat. It has two godowns/warehouses both are located at Gujarat and one branch office located at Rajasthan.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirement
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

A1 Acid’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 101.1 97.0 85.4 105.8 96.2
Total expenses 100.5 96.9 84.1 101.3 92.3
Profit after tax -0.12 0.13 0.92 3.00 2.48


Company Promoters:

The Promoters of the Company is:

  1. Harshadkumar Patel
  2. Jitendra Patel


Contact Company Information:

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

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Morning Business News Round Up_ Sep 25, 2018

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Today’s M & A Deals_Sep 25, 2018

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