The Accent Microcell IPO date has been confirmed to have started on December 8 and ended on December 12.
Using an IPO, Accent Microcell is seeking to raise ₹78.40 crores. The company reported revenue of ₹206.97 crores in 2023 against revenues of ₹167.54 crores in 2022. The IPO price band is fixed at ₹133 to ₹140 per equity share. The Accent Microcell IPO is to list on the NSE.
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Bidding Dates
Dec 8-12
Price Range
₹133 to ₹140 per share
Face Value
₹10 per share
GMP
₹203
Accent Microcell IPO GMP
The Accent Microcell Limited IPO GMP is ₹203.
IPO Overview
Accent Microcell is a global leader in the production of Microcrystalline Cellulose (MCC), a refined and odourless white powder generated from the purification of high-quality cellulose from wood pulp. MCC serves as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent and has several applications in the pharmaceutical, nutraceutical, food, cosmetic, and other industries.
The company has an impressive installed capacity of 8,000 metric tonnes per year, with cutting-edge manufacturing facilities on Pirana Road in Ahmedabad and Dahej, SEZ (Bharuch). Another factory is now under construction at Navagam Kheda, with a capacity of 2,400 metric tonnes per year and a commercialization date of March 2025.
Accent Microcell IPO Details
| Accent Microcell IPO Dates | 8 – 12 December 2023 |
| Accent Microcell Issue Price | INR 133 – 140 per share |
| Fresh issue | 56,00,000 shares (INR 74.48 – 78.40 crore) |
| Offer For Sale | Nil |
| Total IPO size | 56,00,000 shares (INR 74.48 – 78.40 crore) |
| Minimum bid (lot size) | 1,000 shares (INR 140,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Accent Microcell Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 132.57 | 165.71 | 204.19 | 58.81 |
| Expenses | 128.81 | 159.95 | 191.48 | 51.65 |
| Net income | 4.80 | 5.89 | 13.01 | 7.06 |
Accent Microcell IPO Dates and Listing Performance
| IPO Opening Date | 8 December 2023 |
| IPO Closing Date | 12 December 2023 |
| Finalization of Basis of Allotment | 13 December 2023 |
| Initiation of refunds | 14 December 2023 |
| Transfer of shares to demat accounts | 14 December 2023 |
| IPO Listing Date | 15 December 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Profile
Accent Microcell offers 22 MCC grades with particle diameters ranging from 20 microns to 180 microns. The “accel” brand houses the company’s main MCC products, which are supplemented by offers under the “acrocell,” “maccel,” and “Vincel” names. Accent Microcell has painstakingly created a strong global sales model, allowing it to contact consumers in India and more than 45 other countries. This global presence underlines the company’s commitment to providing world-class Microcrystalline Cellulose solutions.
Registrar Info
| Name | KFIN TECHNOLOGIES LIMITED |
| Phone number | +91 40 6716 2222 |
| Email ID | aml.ipo@kfintech.com |
| Website | kfintech.com |
Contact Details
| Name | ACCENT MICROCELL LIMITED |
| Phone number | +91 7575803351 |
| Email ID | cs@accentmicrocell.com |
| Website | accentmicrocell.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
