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Accent Microcell IPO is a book build issue of ₹78.40 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹78.40 crore.
Accent Microcell IPO bidding started from Dec 8, 2023 and ended on Dec 12, 2023. The allotment for Accent Microcell IPO was finalized on Dec 13, 2023. The shares got listed on NSE SME on Dec 15, 2023.
Accent Microcell IPO price band is set at ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,33,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Prabhat Financial Services Ltd..
Refer to Accent Microcell IPO RHP for detailed Information.
| IPO Date | December 8, 2023 to December 12, 2023 |
| Listing Date | December 15, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 56,00,000 shares (aggregating up to ₹78.40 Cr) |
| Reserved for Market Maker | 2,80,000 shares Prabhat Financial Services Ltd. (aggregating up to ₹3.92 Cr) |
| Net Offered to Public | 53,20,000 shares (aggregating up to ₹74.48 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,54,43,000 shares |
| Share Holding Post Issue | 2,10,43,000 shares |
Accent Microcell IPO offers total 56,00,000 shares. Out of which 26,60,000 (47.50%) allocated to QIB, 10,64,000 (19.00%) allocated to QIB, 7,98,000 (14.25%) allocated to NII, 18,62,000 (33.25%) allocated to RII and 15,96,000 (28.50%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,80,000 (5.00%) |
| QIB Shares Offered | 26,60,000 (47.50%) |
| − Anchor Investor Shares Offered | 15,96,000 (28.50%) |
| − QIB (Ex. Anchor) Shares Offered | 10,64,000 (19.00%) |
| NII (HNI) Shares Offered | 7,98,000 (14.25%) |
| Retail Shares Offered | 18,62,000 (33.25%) |
| Total Shares Offered | 56,00,000 (100.00%) |
Accent Microcell IPO raises ₹22.34 crore from anchor investors. Accent Microcell IPO Anchor bid date is December 7, 2023. Accent Microcell IPO Anchor Investors list
| Bid Date | December 7, 2023 |
| Shares Offered | 15,96,000 |
| Anchor Portion Size (In Cr.) | 22.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 12, 2024 |
Accent Microcell IPO opens on December 8, 2023, and closes on December 12, 2023.
| IPO Open Date | Fri, Dec 8, 2023 |
| IPO Close Date | Tue, Dec 12, 2023 |
| Tentative Allotment | Wed, Dec 13, 2023 |
| Initiation of Refunds | Thu, Dec 14, 2023 |
| Credit of Shares to Demat | Thu, Dec 14, 2023 |
| Tentative Listing Date | Fri, Dec 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 12, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Accent Microcell Limited, founded in 2012, manufactures cellulose-based excipients for pharmaceutical, nutritional supplements, food, cosmetics, and other industries.
The company manufactures over 22 grades of MCC with particle sizes ranging from 20 to 180 microns, marketed under the brand names: Accel, Acrocell, Maccel, and Vincel.
The products can be divided into two categories: Spray-dried products and Spin-flash-dried products. The company's product portfolio includes:
Under the Accel/Vincel brand names: Microcrystalline Cellulose (MCC) - Spray Dried/ Spin Flash Dried, Microcrystalline Cellulose Spheres (MCC Spheres), Silicified Microcrystalline Cellulose (SMCC), Powdered Cellulose (PC), Microcrystalline Cellulose with Carboxy Methyl Cellulose (Co-Processed)
Accent Microcell has two manufacturing facilities at Pirana Road, Ahmedabad, and Dahej, SEZ (Bharuch) with a capacity of 8,000 metric tonnes. The Pirana facility (Unit I) is geared towards manufacturing MCC, SMCC, PC, and MCC with CMC, while the Dahej, SEZ facility (Unit II) is geared towards manufacturing MCC, MCC sphere, SMCC, and MCC with CMC for export to overseas customers.
The company's customers come from 45 different countries, including the US, Canada, Germany, the UK, Japan, China, Australia, Korea, the Netherlands, Turkey, Vietnam, Italy, Indonesia, Poland, Egypt, France, Thailand, New Zealand, Brazil, Russia, Mexico, Chile, Zimbabwe, Denmark, Greece and many others.
Accent Microcell Limited's revenue increased by 23.53% and profit after tax (PAT) rose by 120.77% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,214.89 | 11,409.69 | 9,461.04 | 8,070.45 |
| Total Income | 5,992.95 | 20,696.75 | 16,753.97 | 13,481.59 |
| Profit After Tax | 705.53 | 1,301.02 | 589.31 | 480.29 |
| Net Worth | 5,125.44 | 4,419.91 | 3,209.32 | 2,663.02 |
| Reserves and Surplus | 3,831.14 | 3,125.61 | 1,919.02 | 2,232.92 |
| Total Borrowing | 2,105.73 | 2,278.23 | 2,409.53 | 3,063.76 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Accent Microcell IPO is ₹294.60 Cr.
| KPI | Values |
|---|---|
| ROE | 34.11% |
| ROCE | 26.46% |
| Debt/Equity | 0.52 |
| RoNW | 29.44% |
The Company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1) To Set up a plant at Navagam Kheda for manufacturing Croscarmellose Sodium ("CCS"), Sodium Starch Glycolate and Carboxymethylcellulose (CMC); and
2) General Corporate Expenses.
[Dilip Davda] AML is a global player in MCC products and has posted steady growth in its top lines for the reported periods. However, the sudden boost in its bottom line from FY23 onwards raises eyebrows. Based on its supper annualized FY24 earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | December 15, 2023 |
| BSE Script Code | |
| NSE Symbol | ACCENTMIC |
| ISIN | INE0Q5D01013 |
| Final Issue Price | ₹140 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹300.00 |
| Low | ₹285.00 |
| High | ₹315.00 |
| Last Trade | ₹315.00 |
Accent Microcell Ltd.
314, Shangrilla Arcade,
Shyamal Cross Roads,
Anandnagar Road, Satellite,
Ahmedabad, Gujarat, 380015
Phone: +91-7575803351
Email: cs@accentmicrocell.com
Website: https://accentmicrocell.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: aml.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Accent Microcell IPO is a SME IPO of 56,00,000 equity shares of the face value of ₹10 aggregating up to ₹78.40 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on December 8, 2023, and closes on December 12, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Accent Microcell IPO using UPI as a payment gateway. Zerodha customers can apply in Accent Microcell IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Accent Microcell IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Accent Microcell IPO opens on December 8, 2023 and closes on December 12, 2023.
Accent Microcell IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Accent Microcell IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Accent Microcell IPO will be done on Wednesday, December 13, 2023, and the allotted shares will be credited to your demat account by Thursday, December 14, 2023. Check the Accent Microcell IPO allotment status.
The Accent Microcell IPO listing date is on Friday, December 15, 2023.
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