Accent Microcell IPO

Accent Microcell IPO will open for subscription from 08 December 2023. The company aims for an issue size of ₹78.40 Cr through this IPO.

Company Overview

Full nameAccent Microcell Limited
IndustryPharmaceuticals & Drugs
Company Website

About Company

Accent Microcell stands among the global leaders in producing Microcrystalline Cellulose (MCC), a refined and odorless white powder derived from the purification of high-quality wood pulp cellulose. MCC plays a versatile role as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent, finding extensive applications in Pharmaceutical, Nutraceutical, Food, Cosmetic, and various other industries. Accent Microcell boasts a range of 22 MCC grades, featuring particle sizes spanning from 20 microns to 180 microns. The company’s flagship MCC products fall under the “accel” brand, complemented by offerings under the “acrocell,” “maccel,” and “Vincel” brands.

With cutting-edge manufacturing facilities at Pirana Road, Ahmedabad, and Dahej, SEZ (Bharuch), the company has an impressive installed capacity of 8,000 metric tonnes per annum. Another facility is currently developing at Navagam Kheda, with an anticipated capacity of 2,400 metric tonnes per annum, slated for commercialization by March 2025. Accent Microcell has meticulously crafted a robust global sales model, extending its reach to customers in India and across more than 45 countries. This global presence reflects the company’s dedication to providing top-notch Microcrystalline Cellulose solutions worldwide.

The Objectives of the Issue

  • 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 Timetable

IPO Opening date08 December 2023
IPO Closing12 December 2023
Basis of Allotment13 December 2023
Initiation Refund14 December 2023
Credit to Demat Account14 December 2023
Listing Date15 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 12, 2023)

Accent Microcell IPO details

Issue typeBook Built Issue IPO
IPO issue size₹78.40 Cr – 5,600,000 shares
Fresh Issue₹78.40 Cr – 5,600,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹133 to ₹140 per share
Lot size1000 shares
Market Maker portion280,000 shares
Shareholding pre-issue15,443,000
Shareholding post-issue21,043,000
Listing ExchangeNSE SME

Accent Microcell IPO Lot Size

Retail (Min)11000₹140,000
Retail (Max)11000₹140,000
HNI (Min)22,000₹280,000

Accent Microcell IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Accent Microcell Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income4.805.8913.017.06
(Amount in ₹ Crores)

Accent Microcell Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio13.22 – 13.92
RONW (%)18.0418.3629.44
ROE (%)19.0020.0734.11
EBITDA (%)9.768.9310.85

Company Promoters

  • Mr. Vasant Vadilal Patel
  • Mr. Ghanshyam Arjanbhai Patel
  • Mr. Nitin Jasvantbhai Patel
  • Mr. Vinodbhai Manibhai Patel

Promoter Holding

Pre Issue Share Holding73.13%
Post Issue Share Holding53.67%

Accent Microcell Lead Manager(s)

B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 41824066

Accent Microcell Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222

Accent Microcell Contact Details

314, Shangrilla Arcade,
Shyamal Cross Roads, Anandnagar Road,
Satellite, Ahmedabad, Gujarat, 380015
Phone: 7575803351

Accent Microcell IPO Allotment Status

Accent Microcell IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Accent Microcell IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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