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Accent Microcell Limited

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Dec 8 to Dec 12, 2023
Price Band ₹133-140
Current GMP ₹300 (114%)
Subscription 362.28 times

IPO Details

IPO Date
December 8, 2023 to December 12, 2023
Listing Date
December 15, 2023
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

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
118.48
Non-Institutional Buyers*
576.66
Retail Investors
409.71
Total **
362.28

Day Wise Sub

DayDay 1 Dec 8, 2023
QIB7.12
NII*52.78
Retail62.17
Total44.43
DayDay 2 Dec 11, 2023
QIB9.90
NII*161.02
Retail218.12
Total146.39
DayDay 3 Dec 12, 2023
QIB118.48
NII*576.66
Retail409.71
Total362.28

Day Wise GMP

Date15-12-2023
Price140.00
GMP203 (145%)
Estimate List Price343
Date14-12-2023
Price140.00
GMP203 (145%)
Estimate List Price343
Date13-12-2023
Price140.00
GMP195 (139.29%)
Estimate List Price335
Date12-12-2023
Price140.00
GMP195 (139.29%)
Estimate List Price335
Date11-12-2023
Price140.00
GMP202 (144.29%)
Estimate List Price342
Date10-12-2023
Price140.00
GMP202 (144.29%)
Estimate List Price342
Date09-12-2023
Price140.00
GMP185 (132.14%)
Estimate List Price325
Date08-12-2023
Price140.00
GMP150 (107.14%)
Estimate List Price290
Date07-12-2023
Price140.00
GMP160 (114.29%)
Estimate List Price300
Date06-12-2023
Price140.00
GMP140 (100%)
Estimate List Price280
Date05-12-2023
Price140.00
GMP120 (85.71%)
Estimate List Price260
Date04-12-2023
Price140.00
GMP110 (78.57%)
Estimate List Price250
Date03-12-2023
Price140.00
GMP110 (78.57%)
Estimate List Price250
Date02-12-2023
Price140.00
GMP100 (71.43%)
Estimate List Price240

IPO Important Dates

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

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1000
Amount₹140,000
ApplicationRetail (Max)
Lots1
Shares1000
Amount₹140,000
ApplicationHNI (Min)
Lots2
Shares2,000
Amount₹280,000

Financial Information

Period EndedPeriod Ended
30 Jun 202330 Jun 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Jun 202312,214.89
31 Mar 202311,409.69
31 Mar 20229,461.04
Period EndedRevenue
30 Jun 20235,992.95
31 Mar 202320,696.75
31 Mar 202216,753.97
Period EndedProfit After Tax
30 Jun 2023705.53
31 Mar 20231,301.02
31 Mar 2022589.31
Period EndedNet Worth
30 Jun 20235,125.44
31 Mar 20234,419.91
31 Mar 20223,209.32
Period EndedReserves and Surplus
30 Jun 20233,831.14
31 Mar 20233,125.61
31 Mar 20221,919.02
Period EndedTotal Borrowing
30 Jun 20232,105.73
31 Mar 20232,278.23
31 Mar 20222,409.53

Key Performance Indicator

P/E (x)
13.92
Post P/E (x)
10.44
Market Cap (₹ Cr.)
294.6
ROE
34.11%
ROCE
26.46%
Debt/Equity
0.52
EPS (Rs)
10.06

IPO Reservation

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%)
Total Shares Offered
5,600,000 (100%)

Information about company

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) Under the brand name Acrocell: Croscarmellose Sodium (CCS) Under the brand name Maccel: Magnesium Stearate (Mg. St.) 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.

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App