Business Standard

A-1 Acid Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

18.00 cr

Price Range (₹)

60

Lot Size

2000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

25-Sept-2018

Close Date

01-Oct-2018

Listing Date

10-Oct-2018

A-1 Acid Ltd News

    The Shares of A-1 Acid Ltd have now been listed.

    A-1 Acid Ltd IPO Details

    Public issue of 30,00,000 equity shares of a face value of Rs. 10.00 each (the equity shares) of A-1 Acid Limited (the company or aal or the issuer) for cash at a price of Rs. 60.00 per equity share (including a share premium of Rs. 50.00 per equity share) (the issue price), aggregating to Rs. 18 Crores (the issue) of which 1,56,000 equity shares aggregating to Rs. 0.94 Crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 28,44,000 equity shares of face value of Rs.10.00 at an issue price of Rs. 60.00 each aggregating to Rs.17.06 Crores is hereinafter referred to as the net issue. The issue and the net issue will constitute 30.00% and 28.44%, respectively of the post issue paid-up equity share capital of the company. The face value of the equity shares is Rs.10 each and the issue price is Rs.60.00 is 6.0 times of the face value.

    Objective of issue

    Funding of Working Capital Requirements of the company. General Corporate Purposes.

    A-1 Acid Ltd Contact Details

    A-1 Acid Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - cs@a1acid.com

    Website - www.a1acid.com