A-1 ACID Limited

 A-1 ACID Limited

About the Company:

A-1 ACID ltd is engaged in the business of trading of high quality industrial acid and Chemicals.

They offer a wide range of chemical products which finds variety of applications in the industrial sector like chemical, textile, steel and aluminium. Company also provide transportation facilities to customers through company owned fleet of tankers.

Some frequently traded products include Nitric, Acid, Hydrochloric Acid, and Sulphuric Acid etc.

Our products are marketed and sold in the states of Gujarat, Maharashtra, Telangana, Jharkhand, Haryana, Karnataka, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh.

Company procures the products from the suppliers including companies like Gujarat State Fertilizers & Chemicals Limited (GSFC), Gujarat Narmada Valley Fertilizers Company Limited (GNFC), Hindalco Industries and is made available to the customer

Company has also entered into the agreement/understanding with Gujarat State Fertilizers & Chemicals Limited for selling Sulphuric Acid, with Hindalco Industries Ltd and Gujarat Narmada Valley Fertilizers Company Ltd as an authorised dealer.


Management Team:

  1. Mr. Harashadkumar Patel (Designation: Chairman & Managing Director)
  2. Mr. Jitendra Patel (Designation: Whole time Director)
  3. Mr. Utkarsh Patel (Designation: Designation: Whole time Director)


Objectives of the Issue:

  • Funding of working capital requirements of the Company.
  • General Corporate Purpose.
  • Issue Expenses.


Peer Group Comparison:

We believe that there are no listed Companies in India which are engaged in business similar to A-1 ACID Ltd. Hence we cannot make any Comparison.


Financials of the Company:

(in Crores) FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 101.14 97.00 85.39 105.79 96.16
Net Profit (-0.12) 0.12 0.92 3.00 2.47


IPO Details:

Details Info
Issue Opens on 25th September 2018
Issue Closes on:. 1st October 2018
Issue Price Rs.60
Face Value Rs.10
Minimum Lot 2000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 30.00%
Issue Size Rs.18 cr
Market Cap Rs.60 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 30,00,000
Equity Shares Prior 70,00,000
Equity Shares after the issue 1,00,00,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.54 16.95 17.98 19.69


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Company Contact Info:
Corporate House No. A-1, Shivalik Business Centre, B/h.
Rajpath Club Road, S. G. Highway, Bodakdev, Ahmedabad,
Gujarat, India – 380059
Tel: +91-79-40091111
E-mail: info@a1acid.com
Website: www.a1acid.com


IPO Registrar Info:
Subramanian Building
1 Club House Road, Chennai-600 002
Tel : +91-44-28460390;
Fax : +91-44-28460129;
E-mail: cameo@cameoindia.com
Website: www.cameoindia.com


Lead Manager to the Issue:
18, Deshapriya Park Road, Kolkata 700 026, West Bengal, India.
Telephone: +91 33 3001 5555
Facsimile: +91 33 3001 5531
Email: gcapl@guinessgroup.net
Website: www.guinessonline.net