Issue Price
₹60
Per Share
GMP
NIL
Grey Market
Est. Listing
₹60
Expected Price
Min. Application
₹240,000
2 lots × 2000 shares
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.
A-1 Acid Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 156,000 | — | ₹0.94 Cr | — |
| TOTAL | 3,000,000 | 100.00% | ₹18.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹120,000 |
| Retail (Max) | 13 | 26,000 | ₹1,560,000 |
| sNII (Min) | 14 | 28,000 | ₹1,680,000 |
| bNII (Min) | 68 | 136,000 | ₹8,160,000 |
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
|---|---|---|---|
| Revenue from Operations | 9616.50 | 10579.67 | 8539.29 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 247.88 | 300.04 | 92.48 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 3934.59 | 3765.29 | 2593.89 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |