Accent Microcell IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 12, 2023Let’s have a detailed review of the company and analytics of the Accent Microcell IPO release date, IPO offer price, subscription, Accent Microcell Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 133 to Rs140 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | December 15, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 7840 Lakh |
| IPO Size | Rs 7840 Lakh |
| Tick Size | 1 |
Accent Microcell IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Accent Microcell Share Price |
Accent Microcell IPO – Summary
Their company was incorporated on April 10, 2012, with the primary focus on manufacturing high-quality cellulose-based excipients which predominantly find application in the Pharmaceutical, Nutraceutical, Food, Cosmetic and other industries.
Prior to the incorporation of the company, their Promoters i.e. Mr Ghanshyam ArjanBhai Patel, Mr Nitin JaswantBhai Patel and Mr Vasant Vadilal Patel were operating a similar business in the form of a partnership firm formed in the year 2002 under the name and style of “M/s Accent Microcell Industries”.
The Promoter of this company is MR. VASANT VADILAL PATEL, MR. GHANSHYAM ARJANBHAI PATEL, MR. NITIN JASVANTBHAI PATEL AND MR. VINODBHAI MANIBHAI PATEL. The lead manager of the issue is CORPORATE CAPITALVENTURES PRIVATE LIMITED, and the Registrar of this issue is KFIN TECHNOLOGIES LIMITED.
Accent Microcell IPO Date
The opening and closing dates of Accent Microcell IPO are December 8, 2023, and December 12, 2023, respectively.
Accent Microcell IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 8th Dec | 7.12x | 52.78x | 62.17x | 44.43x |
| 2nd Day – 11th Dec | 9.90x | 161.02x | 218.12x | 146.39x |
| 3rd Day – 12th Dec | 118.48x | 576.70x | 409.95x | 362.41x |
| Shares Offered or Net Issue | 1,064,000 | 798,000 | 1,862,000 | 5,600,000 |
The shares subscribed by the public will be updated here.
Accent Microcell IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Accent Microcell Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 13, 2023 |
| Refunds Initiation | December 14, 2023 |
| Credit of Shares to Demat Account | December 14, 2023 |
| Share Listing Date | December 15, 2023 |
Accent Microcell IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 133 to Rs140
Accent Microcell IPO Equity Size
This Initial Public Issue of 5,600,000 Equity Shares of Rs.10 each for cash at a price of Rs 133 to Rs140 per equity share aggregating to Rs.7840 Lakh.
Accent Microcell IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 5,600,000 Equity Shares of Rs.10/ each.
Issue Size: 5,600,000 Equity Shares of Rs.10 each, aggregating to Rs.7840 Lakh
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Accent Microcell IPO – Live Performance
The listing date of this IPO is December 15, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Accent Microcell Share Price |
Accent Microcell IPO Grey Market Premium
The Accent Microcell Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Accent Microcell IPO – Company Overview
Their Company is one of the Global leading manufacturers of Microcrystalline Cellulose (MCC) (*Source: Research Report on Global Microcrystalline Cellulose (MCC) Industry.
Their Company has carved a niche in the production of high-quality cellulose-based excipients, that meet international quality standards. With their two state-of-the-art manufacturing facilities located at Pirana Road, Ahmedabad and Dahej, SEZ (Bharuch), they have developed a strong global sales model, as they are serving customers across India and in more than 45 countries.
Presently, they mainly manufacture Microcrystalline Cellulose (“MCC”). MCC is an odourless, fine white powder & a purified form of cellulose, which is derived from the refinement of highly purified wood pulp. It is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent which finds a wide range of applications.
Accent Microcell IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 12,214.89 | 11,409.69 | 9,461.04 | 8,070.45 |
| *Total Revenue | 5,992.95 | 20,696.75 | 16,753.97 | 13,481.59 |
| Total Expense | 5,165.06 | 19,147.64 | 15,995.05 | 12,881.29 |
| Profit After Tax | 705.53 | 1,301.02 | 589.31 | 480.29 |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 5.45 | 10.06 | 4.57 | 3.72 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,301.02 Lakh, Rs. 589.31 Lakh and Rs. 480.29 Lakh respectively.
Accent Microcell IPO – Promoters
The Promoter of this company is:
- MR. VASANT VADILAL PATEL,
- MR. GHANSHYAM ARJANBHAI PATEL,
- MR. NITIN JASVANTBHAI PATEL
- MR. VINODBHAI MANIBHAI PATEL
List of Related Parties (Key Managerial Personnel)
- Vasant Vadilal Patel, Executive Chairperson
- Ghanshyam ArjanBhai Patel, Executive Managing Director
- Nitin JasvantBhai Patel, Executive Whole-time Director
- VinodBhai ManiBhai Patel, Executive Whole-time Director
- Rajat Kumar DineshBhai Patel, Non-Executive Independent Director
- Chintan UmeshBhai Bhatt, Non-Executive Independent Director
- Shreyaben Milankumar Shah, Non-Executive Independent Director
Accent Microcell IPO – Promoters Holding
- Pre-Issue Share Holding – 73.13%
- Post-Issue Share Holding – 53.67%
Accent Microcell IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 56,00,000 Equity Shares aggregating up to Rs.7840 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 2,80,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 53,20,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 18,62,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 7,98,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,54,43,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,10,43,000 Equity Shares |
Accent Microcell IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Set up a plant at Navagam Kheda for manufacturing Croscarmellose Sodium (“CCS”), Sodium Starch Glycolate and Carboxymethylcellulose (CMC); and
- General Corporate Expenses.
Accent Microcell IPO – Business Strategy
- Establishing New Facility to meet the rising demand for CCS, SSG, and CMC
- Diverse Product Portfolio & Quality Services
- Increasing their Global presence
- Focus on quality
Accent Microcell IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoter and management team with strong industry expertise and successful track record.
- One of the leading manufacturers of MCC (cellulose-based excipients) with over two decades of experience.
- Established Global presence
- Long-term relationship with clients and repeat & diversified business.
- Versatile, Technically Sound operation Team, which understands creativity at its excellence.
- Well-versed and equipped with advanced technology.
- Track record of growth and profitability.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 10.06 | 29.44 | 34.19 |
| 31-Mar-22 | 4.57 | 18.36 | 74.21 |
| Mar-21 | 3.72 | 18.04 | 61.92 |
Accent Microcell IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Accent Microcell Limited | 10 | [●] | 10.06 | 29.44 | 20,696.75 |
| Listed Peers | |||||
| Sigachi Industries Limited | 10 | 16.70 | 13.52 | 15.64 | 29,699.54 |
Accent Microcell IPO Lead Managers
| Lead Managers |
| CORPORATE CAPITALVENTURES PRIVATE LIMITED B1/E13, First Floor, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi – 110044, Tel: +91 11 – 41824066; Email: smeipo@ccvindia.com Investor Grievances Email id- investor@ccvinndia.com Website: www.ccvindia.com SEBI Registration: INM000012276 Contact Person: Mrs. Harpreet Parashar |
Accent Microcell IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel No.: +91 40 6716 2222 Toll-Free No.: 1800 309 4001 E-mail: aml.ipo@kfintech.com Investor Grievances Email Id: einward.ris@kfintech.com Website: www.kfintech.com SEBI Registration No.: INR000000221 Contact Person: M Murali Krishna |
Accent Microcell IPO – Other Details
- Statutory Auditor – M/s T R Chadha & Co LLP, Chartered Accountants
- Legal Counsel to the Company – AdLegus Law Consultants LLP
- Bankers to the Company – KOTAK MAHINDRA BANK LIMITED
Accent Microcell IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Accent Microcell Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Accent Microcell IPO Review FAQs
Check out various FAQs related to Accent Microcell IPO:
What is the Issue Size of Accent Microcell IPO?
The Company is making an initial public offer of 5,600,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Accent Microcell IPO?
The price band for this particular IPO ranges between Rs 133 to Rs 140. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Accent Microcell IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 8, 2023, while the closing date is set at December 12, 2023.
What is the Accent Microcell IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 13, 2023, refund initiation is on December 14, 2023, credit of shares is on December 14, 2023, and share listing date is on December 15, 2023.
What is the Accent Microcell IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 15, 2023. The date, when the listing would be done, is stagnant on December 15, 2023.
Who is the Registrar of Accent Microcell IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Accent Microcell IPO?
Here are the promoters of this IPO -: MR. VASANT VADILAL PATEL, MR. GHANSHYAM ARJANBHAI PATEL, MR. NITIN JASVANTBHAI PATEL AND MR. VINODBHAI MANIBHAI PATEL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Accent Microcell IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Accent Microcell IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Accent Microcell Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 1,301.02, 2022 is 589.31, and 2021 is 480.29. PAT from Jun 2023 is 705.53.
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