Accent Microcell IPO is a book built issue of Rs 78.40 crores. The issue is entirely a fresh issue of 56 lakh shares.
Accent Microcell IPO opens for subscription on December 8, 2023 and closes on December 12, 2023. The allotment for the Accent Microcell IPO is expected to be finalized on Wednesday, December 13, 2023. Accent Microcell IPO will list on NSE SME with tentative listing date fixed as Friday, December 15, 2023.
Accent Microcell IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Accent Microcell IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Accent Microcell IPO is Prabhat Financial Services.
Refer to Accent Microcell IPO RHP for detailed information.
Accent Microcell IPO Details
| IPO Date | December 8, 2023 to December 12, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total 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
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
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.
| 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 Timeline (Tentative Schedule)
Accent Microcell IPO opens on December 8, 2023, and closes on December 12, 2023.
| IPO Open Date | Friday, December 8, 2023 |
| IPO Close Date | Tuesday, December 12, 2023 |
| Basis of Allotment | Wednesday, December 13, 2023 |
| Initiation of Refunds | Thursday, December 14, 2023 |
| Credit of Shares to Demat | Thursday, December 14, 2023 |
| Listing Date | Friday, December 15, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 12, 2023 |
Accent Microcell IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
| Lot Size Calculator |
Accent Microcell IPO Promoter Holding
The Promoters of the company are Mr. Vasant Vadilal Patel, Mr. Ghanshyam Arjanbhai Patel, Mr. Nitin Jasvantbhai Patel and Mr. Vinodbhai Manibhai Patel
| Share Holding Pre Issue | 73.13% |
| Share Holding Post Issue | 53.67% |
About Accent Microcell Limited
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 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 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 |
| Revenue | 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 13.92 |
| ROE | 34.11% |
| ROCE | 26.46% |
| Debt/Equity | 0.52 |
| EPS (Rs) | 10.06 |
| RoNW | 29.44% |
Check Accent Microcell IPO Peer Comparison here.
Objects of the Issue (Accent Microcell IPO Objectives)
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.
Accent Microcell Limited Contact Details
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/
Accent Microcell IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: aml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/