Accent Microcell IPO vs AMIC Forging IPO

Comparison between Accent Microcell IPO and AMIC Forging IPO.

IPO Details

Accent Microcell IPO is a SME Bookbuilding IPO proposed to list at NSE SME while AMIC Forging IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Accent Microcell IPO is up to ₹74.48 Cr whereas the issue size of the AMIC Forging IPO is up to ₹33.05 Cr. The final issue price of Accent Microcell IPO is ₹140.00 per share and of AMIC Forging IPO is ₹126.00 per share.

 Accent Microcell IPOAMIC Forging IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹133.00 per share₹121.00 per share
Issue Price (Upper)₹140.00 per share₹126.00 per share
Issue Price (Final)₹140.00 per share₹126.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1000 shares
Fresh Issue Size53,20,000 shares26,23,000 shares
Fresh Issue Size (Amount)up to ₹74.48 Crup to ₹33.05 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total53,20,000 shares26,23,000 shares
Issue Size Total (Amount)up to ₹74.48 Crup to ₹33.05 Cr

IPO Timetable

Accent Microcell IPO opens on Dec 08, 2023, while AMIC Forging IPO opens on Nov 29, 2023. The closing date of Accent Microcell IPO and AMIC Forging IPO is Dec 12, 2023, and Dec 01, 2023, respectively.

 Accent Microcell IPOAMIC Forging IPO
Anchor Bid DateDec 07, 2023Nov 28, 2023
Issue OpenDec 08, 2023Nov 29, 2023
Issue CloseDec 12, 2023Dec 01, 2023
Basis Of Allotment (Tentative)Dec 13, 2023Dec 04, 2023
Initiation of Refunds (Tentative)Dec 14, 2023Dec 05, 2023
Credit of Share (Tentative)Dec 14, 2023Dec 05, 2023
Listing date (Tentative)Dec 15, 2023Dec 06, 2023
Anchor Lockin End date 1Jan 12, 2024Jan 03, 2024
Anchor Lockin End date 2Mar 12, 2024Mar 03, 2024

Financials & KPIs

Accent Microcell IPO P/E ratio is 13.92, as compared to AMIC Forging IPO P/E ratio of 1.01.

 Accent Microcell IPOAMIC Forging IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets122.15114.1094.6180.70
Total Income59.93206.97167.54134.82
Profit After Tax7.0613.015.894.80
NET Worth51.2544.2032.0926.63
Reserves and Surplus38.3131.2619.1922.33
Total Borrowing21.0622.7824.1030.64
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets63.6861.0831.6416.22
Total Income29.79116.8371.3926.43
Profit After Tax3.609.800.870.56
NET Worth23.3819.847.676.81
Reserves and Surplus22.5318.986.966.10
Total Borrowing2.873.8510.714.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)73.1378.38
Promoter Shareholding (Post-Issue)53.6757.74
P/E Ratio13.921.01
Market Cap₹294.60 Cr.₹132.15 Cr.
ROE34.11%71.25%
ROCE26.46%55.78%
Debt/Equity0.520.26
EPS₹10.06₹12.83
RoNW29.44%49.40%

Shares Offered

In the Accent Microcell IPO Retail Individual Investors (RII) are offered 18,62,000 shares while in AMIC Forging IPO retail investors are offered 18,62,000 shares. Qualified Institutional Buyers (QIB) are offered 10,64,000 shares in Accent Microcell IPO and 5,24,000 shares in AMIC Forging IPO.

 Accent Microcell IPOAMIC Forging IPO
Anchor Investor Reservation15,96,000 shares7,86,000 shares
Market Maker Reservation2,80,000 shares1,39,000 shares
QIB10,64,000 shares5,24,000 shares
NII7,98,000 shares3,94,000 shares
RII18,62,000 shares9,19,000 shares
Employee
Others
Total53,20,000 shares26,23,000 shares

Bids Received (Subscription)

Accent Microcell IPO subscribed 362.41x in total, whereas AMIC Forging IPO subscribed 289.05x.

 Accent Microcell IPOAMIC Forging IPO
QIB (times)118.48x91.43x
NII (times)576.70x589.27x
Big NII (times)
Small NII (times)
RII (times)409.95x273.01x
Employee (times)
Other (times)
Total (times)362.41x289.05x

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