Accent Microcell is set to launch an IPO which will open on December 08, 2023, and close on December 12, 2023. Through this public offer the company wants to raise Rs. 78.40 crores from the primary market, The Company fixed the price band of Rs. 133-140 with a minimum lot of 1000 shares, and listed on December 15, according to the preliminary papers filed to the capital market regulator SEBI.
About Accent Microcell Company
Accent Microcell (2012) is engaged in the manufacturing of high-quality cellulose-based excipients that predominantly find application in the pharmaceutical, food, cosmetic, and other industries.
The company aggressively promotes its range of products in domestic and foreign markets.
The company exports its products to more than 45 countries including the USA, CANADA, and others.
More details about the company are available in the RHP in this article.
Accent Microcell IPO Object
The objects of which the net proceeds from the issue shall be utilized are as follows:
- To set up the plant and manufacturing of croscarmellose sodium and sodium starch Glycolate and carboxymethylcellulose.
- General corporate purposes.
Accent Microcell Strength
- Expansion in domestic and international markets.
- One of the leading manufacturers in MCC
- Govt. incentives
- Supplier strong base
- Experienced promoters and management team.
Accent Microcell Risk Factor
A limited number of suppliers and others
Accent Microcell IPO Review & Rating
| Issue Size (Rs.) | 78.40 crore |
| Issue Price (Rs.) | 133-140 per share |
| Minimum Lot Size | 1000 shares |
| Total Profit (March 2023) (Rs.) | 4.14 crore |
| RoNW (%) | 29.44% |
| NAV (Rs.) | 34.19 |
| Listing on | NSE and BSE |
| IPO Deliver Rating | Five |
Accent Microcell IPO Dates, Price Band & Details
Accent Microcell IPO will open on December 08, 2023, and close on December 12, 2023. The IPO list on December 15, 2023.
| Type of issue | Book Built Issue IPO |
| Issue Size (Rs.) | 78.40 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | December 08, 2023 |
| IPO Close Date | December 12, 2023 |
| IPO Allotment Date | December 13, 2023 |
| Refund Date | December 14, 2023 |
| Share Credit Date | December 14, 2023 |
| Listing Date | December 15, 2023 |
Accent Microcell IPO Offer
Accent Microcell IPO’s total issue size is 56,00,000 shares which comprise the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 56,00,000 | 78.40 crore |
| Offer for Sale (OFS) | – | – |
Accent Microcell Financials Review (lakh)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 20696.75 | 16753.97 | 13481.59 |
| Net Worth | 4419.91 | 3209.32 | 2663.02 |
| Profit | 1301.02 | 589.31 | 480.29 |
| Borrowings | 2278.23 | 2409.53 | 3063.76 |
Accent Microcell IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 10.06 | 4.57 | 3.72 |
| RoNW (%) | 29.44 | 18.36 | 18.04 |
| NAV (Rs.) | 34.19 | 74.21 | 61.92 |
Accent Microcell IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Sigachi Indus. | 13.52 | 15.64 | 86.39 |
| – | – | – | – |
Accent Microcell Company Promoters
As per the DRHP and RHP, the company has four promoters.
| Serial No. | Name |
| 01. | Vasant Vadilal Patel |
| 02. | Ghanshyam Arjabbhai Patel |
| 03. | Nitin Jasvasantbhai Patel |
| 04 | Vinodbhai Manibhai Patel |
Accent Microcell Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 73.13 |
| Post- Issue | 53.67 |
Accent Microcell IPO Reservation
Accent Microcell IPO total reservation shares are distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB Share Offered | Not less than 50% of the issue size |
| RII Share Offered | Not more than 35% of the issue size |
| NII Share Offered | Not more than 15% of the issue size |
Accent Microcell IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 1000 Shares and a maximum of 1 lot of 1000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 1000 | 1,40,000 |
| Retail Maximum | 01 | 1000 | 1,40,000 |
Accent Microcell IPO – Prospectus
An investor can download/view the Accent Microcell prospectus copy, which was filed by the company to SEBI, details are as follows.
| Accent Microcell IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Accent Microcell IPO Registrar
Kfin Technologies Limited
Tel No.: +91-4067162222
E-Mail: aml.ipo@kfintech.com
Website: www.kfintech.com
Accent Microcell IPO lead manager
Corporate Capital Ventures Limited
Tel No.: +91-41824066
E-Mail: smeipo@ccvindia.com
Website: www.ccvindia.com
Accent Microcell IPO Application (How to Apply for an IPO)
There are primary four options for applying for an Accent Microcell IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Accent Microcell Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Accent Microcell Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Accent Microcell Company Details
Accent Microcell Limited
Registered Office: 314, Shangrilla Arcade, Syamal Cross Roads, Anandnagar Road, Satellite, Ahmedabad, Gujarat- 380015
Tel. No: +91-7575803351
Email: cs@accentmicrocell.com
Website: www.accentmicrocell.com
Investor Grievances/Compliance Officer: Ms. B.P. Chhabra
Accent Microcell Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Accent Microcell Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Vasant Vadilal Patel |
| 02. | Ghanshyam Arjabbhai Patel |
Accent Microcell IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Accent Microcell IPO?
Ans: Accent Microcell brings its SME IPO of Rs. 78.40 crores, on December 08, 2023, with a price band of Rs. 133-140 per share.
Q-2 What is Accent Microcell IPO Open date?
Ans: Accent Microcell IPO’s opening date is December 08, 2023.
Q-3 What is Accent Microcell IPO Close Date?
Ans: Accent Microcell IPO’s closing date is December 12, 2023.
Q-4 What is the Accent Microcell IPO Listing date?
Ans: Accent Microcell IPO listing date is December 15, 2023.
Q-5 What is Accent Microcell IPO Minimum investment amount?
Ans: Accent Microcell IPO minimum investment amount is Rs. 1,40,000.
Q-6 What is Accent Microcell IPO offer issue Size?
Ans: Accent Microcell offers an issue size of Rs. 78.40 crores.
Q-7 What is Accent Microcell IPO Price Band?
Ans: Accent Microcell IPO price band is Rs. 133-140 per share.
Q-8 Is Accent Microcell IPO mainboard IPO or SME IPO?
Ans: Accent Microcell IPO is an SME IPO.
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