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 name | Accent Microcell Limited |
| Sector | Healthcare |
| Industry | Pharmaceuticals & Drugs |
| Company Website | https://accentmicrocell.com/ |
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 date | 08 December 2023 |
| IPO Closing | 12 December 2023 |
| Basis of Allotment | 13 December 2023 |
| Initiation Refund | 14 December 2023 |
| Credit to Demat Account | 14 December 2023 |
| Listing Date | 15 December 2023 |
Accent Microcell IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹78.40 Cr – 5,600,000 shares |
| Fresh Issue | ₹78.40 Cr – 5,600,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot size | 1000 shares |
| Market Maker portion | 280,000 shares |
| Shareholding pre-issue | 15,443,000 |
| Shareholding post-issue | 21,043,000 |
| Listing Exchange | NSE SME |
Accent Microcell IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
Accent Microcell IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
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 Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 3.72 | 4.57 | 10.06 |
| PE ratio | – | – | 13.22 – 13.92 |
| RONW (%) | 18.04 | 18.36 | 29.44 |
| ROE (%) | 19.00 | 20.07 | 34.11 |
| NAV | 61.92 | 74.21 | 34.19 |
| EBITDA (%) | 9.76 | 8.93 | 10.85 |
| Debt/Equity | 1.15 | 0.75 | 0.52 |
Company Promoters
- Mr. Vasant Vadilal Patel
- Mr. Ghanshyam Arjanbhai Patel
- Mr. Nitin Jasvantbhai Patel
- Mr. Vinodbhai Manibhai Patel
Promoter Holding
| Pre Issue Share Holding | 73.13% |
| Post Issue Share Holding | 53.67% |
Accent Microcell Lead Manager(s)
CORPORATE CAPITAL VENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 41824066
Email: smeipo@ccvindia.com
Website: www.ccvindia.com
Accent Microcell Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: aml.ipo@kfintech.com
Website: www.kfintech.com
Accent Microcell Contact Details
ACCENT MICROCELL LIMITED
314, Shangrilla Arcade,
Shyamal Cross Roads, Anandnagar Road,
Satellite, Ahmedabad, Gujarat, 380015
Phone: 7575803351
E-mail: cs@accentmicrocell.com
Website: www.accentmicrocell.com
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
