ACCENT MICROCELL (NSE SME)
December 8, 2023 – December 12, 2023
| Price | ₹133 - ₹140 |
| Premium | ₹203 |
|---|---|
| Lot size | 1000 |
| Allotment | Dec 14, 2023 |
| Listing | Dec 15, 2023 |
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Subscription
Last updated on 12-Dec-2023 17:07:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1064000 | 126062000 | 118.48 |
| NIB | 798000 | 460454000 | 577.01 |
| RETAIL | 1862000 | 762883000 | 409.71 |
| Total | 3724000 | 1349399000 | 362.35 |
| Retail Apps | 762883 | © IPO Premium | |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 140000 | 1862 |
| HNI | 2 | 2000 | 280000 | 798 |
Incorporated on April 10, 2012, Accent Microcell Limited produces high-quality cellulose-based excipients mainly for the Pharmaceutical, Nutraceutical, Food, Cosmetic and other industries. The Company has carved a niche in producing high-quality cellulose-based excipients, that meet international quality standards. The company operates two state-of-the-art manufacturing facilities at Pirana Road in Ahmedabad and Dahej SEZ in Bharuch. These facilities have enabled the development of a robust global sales model, serving customers across India and in more than 45 countries worldwide, including the USA, Canada, Germany, UK, Japan, China, Australia, Korea, Netherlands, Turkey, Vietnam, Italy, Indonesia, Poland, Egypt, France, Thailand, New Zealand, Brazil, Russia, Mexico, Chile, Zimbabwe, Denmark, and Greece.
The company specializes in the manufacture of Microcrystalline Cellulose ("MCC"), which is an odourless, fine white powder, a purified form of cellulose that's derived from the refinement of highly purified wood pulp. It is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent, and finds a wide range of applications in Pharmaceutical, Nutraceutical, Food, Cosmetic and other industries. The company manufactures 22 grades of MCC, with particle sizes ranging from 20 microns to 180 microns. The major grades of MCC manufactured and marketed by the Company are branded "accel". Besides "accel", the company also sells products under the names "acrocell", "maccel", and "Vincel".
Accent Microcell IPO Details
| Issue Size | 5,600,000 shares (aggregating up to ₹78.40 Cr) |
| Fresh Issue | 5,600,000 shares (aggregating up to ₹78.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,443,000 |
| Share holding post issue | 21,043,000 |
| Market Maker portion | 280,000 shares Prabhat Financial Services |
Accent Microcell IPO Reservation
Accent Microcell IPO offers 5,600,000 shares. 1,064,000 (19.00%) to QIB, 798,000 (14.25%) to NII, 1,862,000 (33.25%) to RII and 1,596,000 (28.50%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,596,000 (28.50%) |
| Market Maker Shares Offered | 280,000 (5.00%) |
| QIB Shares Offered | 1,064,000 (19.00%) |
| NII (HNI) Shares Offered | 798,000 (14.25%) |
| Retail Shares Offered | 1,862,000 (33.25%) |
| Shares Offered | 5,600,000 (100%) |
Accent Microcell IPO Anchor Investors Details
Accent Microcell IPO raises Rs 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 | 1,596,000 |
| Anchor Portion Size (In Cr.) | 22.34 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 25, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 18, 2024 |
Accent Microcell IPO Lead Manager(s)
Corporate Capitalventures Pvt Ltd
Company Financials
Accent Microcell Limited Financial Information (Restated)
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 | 30 Jun 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 12,214.89 | 11,409.69 | 9,461.04 | 8,070.45 |
| Revenue | 5,992.95 | 20,696.75 | 16,753.97 | 13,481.59 |
| Profit | 705.53 | 1,301.02 | 589.31 | 480.29 |
| Net Worth | 5,125.44 | 4,419.91 | 3,209.32 | 2,663.02 |
| Reserves | 3,831.14 | 3,125.61 | 1,919.02 | 2,232.92 |
| Borrowing | 2,105.73 | 2,278.23 | 2,409.53 | 3,063.76 |
| Amount in ₹ Lakhs | ||||
Strength
Weakness
Lead Manager(s)
Address
Accent Microcell Limited
314, Shangrilla Arcade,
Shyamal Cross Roads,
Anandnagar Road, Satellite, Ahmedabad, 380015
Phone: +91-7575803351
Email: cs@accentmicrocell.com
Website: https://accentmicrocell.com/