What you must know about Accent Microcell IPO?
by 5paisa Research Team
04 Dec 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 15-Dec-23
- IPO Price Range ₹ 133 to ₹ 140
- Listing Price ₹ 300
- Listing Change 114.3%
- Last Traded Price ₹ 269
- Current Change 92.1%
Accent Microcell IPO Details
- Open Date 08-Dec-23
- Close Date 12-Dec-23
- Lot Size 1000
- IPO Size ₹ 78.40 Cr
- IPO Price Range ₹ 133 to ₹ 140
- Min Investment ₹ 133000
- Listing Exchange NSE SME
- Basis of Allotment 13-Dec-23
- Refunds 14-Dec-23
- Credit to Demat Account 14-Dec-23
- Listing Date 15-Dec-23
Accent Microcell IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 08-Dec-23 | 7.12 | 52.78 | 62.17 | 44.43 |
| 11-Dec-23 | 9.90 | 161.02 | 218.12 | 146.39 |
| 12-Dec-23 | 118.48 | 576.70 | 409.95 | 362.41 |
Accent Microcell IPO Synopsis
Accent Microcell Limited IPO is all set to open from 8th December to 12th December 2023. The company manufactures high-quality cellulose-based excipients. The IPO includes a fresh issue of 56,00,000 shares worth ₹78.40 cr. The share allotment date is 13th December, and the IPO will be listed on 15th December on the stock exchanges. The price band is between ₹133 to ₹140 per share and the lot size is 1000 shares.
Corporate Capital Ventures Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of Accent Microcell IPO:
Accent Microcell Limited plans to utilize the raised capital from the IPO to:
● To set up new plants at Navagam Kheda for manufacturing Croscarmellose Sodium ("CCS"), Sodium Starch Glycolate and Carboxymethylcellulose (CMC).
● General corporate purposes.
About Accent Microcell
Established in 2012, Accent Microcell Limited manufactures high-quality cellulose-based excipients. These excipients are used in different industries including Pharmaceutical, Nutraceutical, Food, Cosmetics, and more.
The company produces Microcrystalline Cellulose (“MCC”), which is an odorless, fine white powder & a purified form of cellulose and is used as texturizer, anticaking agent, binder, lubricant, a bulking agent, diluent for different industries. Accent Microcell produces 22 grades of MCC that range from 20 microns to 180 microns. A majority of these MCC are under the brand name “accel”. Apart from this, some popular brands under Accent Microcell include “acrocell”, “maccel” and “Vincel”.
The company's manufacturing facilities are based at Pirana Road, Ahmedabad and Dahej, SEZ (Bharuch). The company’s client base is global which includes more than 45 countries such as 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, Greece and more.
Peer Comparison
● Sigachi Industries Limited
For More Information:
Accent Microcell IPO GMP
Webstory on Accent Microcell IPO
Accent Microcell Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 204.19 | 165.71 | 132.56 |
| EBITDA | 22.16 | 14.80 | 12.94 |
| PAT | 13.01 | 5.89 | 4.80 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 114.09 | 94.61 | 80.70 |
| Share Capital | 12.94 | 12.90 | 4.30 |
| Total Borrowings | 69.90 | 62.52 | 54.70 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 7.82 | 14.87 | 5.04 |
| Net cash from / (used in) investing activities | -4.290 | -4.299 | -6.27 |
| Net cash flow from / (used in) financing activities | -4.35 | -9.66 | -2.18 |
| Net increase (decrease) in cash and cash equivalents | -0.82 | 0.90 | -3.42 |
Accent Microcell IPO Key Points
-
Strengths
1. The company has an aggressive approach to expanding its client base in the country and abroad.
2. It is a leading manufacturer of MCC (cellulose based excipient) with a decade of experience.
3. Its manufacturing facilities are strategically located.
4. The company enjoys government benefits under the Remission of Duties and Taxes on Export Products Scheme.
5. It also has good quality assurance in place.
6. Its supplier base is wide.
-
Risks
1. Exposed to forex fluctuation risks.
2. A significant portion of the revenue is from cellulose based excipients.
3. The business is subject to extensive regulation.
4. Domestic sales for the last three years are dependent majorly on five States.
Accent Microcell
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Accent Microcell IPO FAQs
What is the minimum lot size and investment required for the Accent Microcell IPO?
The minimum lot size of Accent Microcell IPO is 1000 shares and the investment required is ₹1,33,000.
What is the price band of Accent Microcell IPO?
The price band for Accent Microcell IPO is ₹133 to ₹140 per share.
When does the Accent Microcell IPO opens and closes?
Accent Microcell IPO opens from 8th December to 12th December 2023.
What is the size of the Accent Microcell IPO?
The size of Accent Microcell IPO is ₹78.40 cr.
What is the allotment date of the Accent Microcell IPO?
The share allotment date of Accent Microcell IPO is 13th December 2023.
What is the Accent Microcell IPO listing date?
The Accent Microcell IPO will be listed on 15th December 2023.
Who are the book runners for the Accent Microcell IPO?
Corporate Capital Ventures Private Limited is the book-running lead manager for Accent Microcell IPO.
What is the objective of the Accent Microcell IPO?
Accent Microcell Limited plans to utilize the raised capital from the IPO to:
1. To set up new plants at Navagam Kheda for manufacturing Croscarmellose Sodium ("CCS"), Sodium Starch Glycolate and Carboxymethylcellulose (CMC).
2. General corporate purposes.
How to apply for the Accent Microcell IPO?
To apply for Accent Microcell IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Accent Microcell Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Accent Microcell IPO
Contact Information
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: aml.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Accent Microcell IPO Lead Manager
Corporate Capitalventures Pvt Ltd
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