Accent Microcell IPO Details | GMP, Date, Price, Review

Accent Microcell IPO Details ( Accent Microcell Limited IPO Review )

(8 Dec 2023 – 12 Dec 2023)

Accent Microcell Limited started its journey on April 10, 2012. Our focus is on manufacturing top-notch cellulose-based ingredients for various industries, including Pharmaceuticals, Nutraceuticals, Food, Cosmetics, and more. We take pride in producing cellulose-based ingredients that meet high international quality standards.

Our cutting-edge manufacturing facilities, located at Pirana Road in Ahmedabad and Dahej SEZ in Bharuch, play a crucial role in our success. These facilities have allowed us to establish a robust global sales model, reaching customers not only in India but also in over 45 countries worldwide. Our clientele spans across the USA, Canada, Germany, UK, Japan, China, Australia, Korea, Netherlands, Turkey, Vietnam, Italy, Indonesia, Poland, Egypt, France, Thailand, New Zealand, Brazil, Russia, Mexico, Chile, Zimbabwe, Denmark, and Greece.

We specialize in producing Microcrystalline Cellulose (“MCC”), a refined, odorless, fine white powder derived from highly purified wood pulp. MCC serves various purposes, such as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent. Its applications are diverse, spanning the Pharmaceutical, Nutraceutical, Food, Cosmetic, and other industries.

Our company offers 22 different grades of MCC, featuring particle sizes ranging from 20 microns to 180 microns. The key MCC grades we manufacture and market are branded as “accel.” In addition to “accel,” we also have products under the names “acrocell,” “maccel,” and “Vincel.”

Accent Microcell Limited Company Product

• Microcrystalline Cellulose (MCC) – Spray Dryer / Spin Flash Dried
• Microcrystalline Cellulose Spheres (MCC Spheres)
• Silicified Microcrystalline Cellulose (SMCC)
• Powdered Cellulose (PC)
• Croscarmellose Sodium (CCS)
• Magnesium Stearate (Mg. St.)
• Microcrystalline Cellulose with Carboxy Methyl Cellulose (Co-Processed)

Accent Microcell Limited IPO Competitive Strength

• Expansion in domestic & overseas market (Geographic Diversification)
• One of the leading manufacturers of MCC (cellulose based excipient) with over a decade experience
• Strategically located manufacturing facilities
• Government Incentives
• Strong supplier base for sourcing of raw materials/ products
• Robust Quality and Service Standards
• Quality Certifications

Accent Microcell IPO Financials Performance ( Results )

Accent Microcell Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves	Borrowing
31-Mar-21	8,070.45	13,481.59	480.29	3.72	2,663.02	61.92	2,232.92	3,063.76
31-Mar-22	9,461.04	16,753.97	589.31	4.57	3,209.32	74.21	1,919.02	2,409.53
31-Mar-23	11,409.69	20,696.75	1,301.02	10.06	4,419.91	34.19	3,125.61	2,278.23
30-Jun-23	12,214.89	5,992.95	705.53	5.45	5,125.44	39.60	3,831.14	2,105.73

Objective of Accent Microcell IPO 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 Basic Details

IPO Date	Dec 8, 2023 to Dec 12, 2023
Listing Date	Friday, December 15, 2023
Face Value	₹10 per share
Price	₹133 to ₹140 per share
Lot Size	1000 Shares
Issue Size	5,600,000 shares of ₹10 (aggregating up to ₹78.40 Cr)
Fresh Issue	5,600,000 shares of ₹10 (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
Company Promoters	Mr. Vasant Vadilal Patel, Mr. Ghanshyam Arjanbhai Patel, Mr. Nitin Jasvantbhai Patel and Mr. Vinodbhai Manibhai Patel

Accent Microcell IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue

Accent Microcell IPO Timetable

Accent Microcell IPO will open on December 8, 2023 and close on December 12, 2023. You can join Accent Microcell IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	8 December 2023 (Friday)
Closing Date	12 December 2023 (Tuesday)
Basis of Allotment	13 December 2023 (Wednesday)
Initiation of Refunds	14 December 2023 (Thursday)
Credit of Shares to Demat	14 December 2023 (Thursday)
Listing Date	15 December 2023 (Friday)
Deadline for UPI mandate confirmation	5 PM on 12 December 2023

Accent Microcell IPO Lot Size

For retail investors in Accent Microcell IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹140,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹140,000.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹140,000
Retail (Max)	1	1000	₹140,000
S-HNI (Min)	2	2000	₹280,000

Accent Microcell IPO Promoter Holding

The company’s promoters include Mr. Vasant Vadilal Patel, Mr. Ghanshyam Arjanbhai Patel, Mr. Nitin Jasvantbhai Patel and Mr. Vinodbhai Manibhai Patel.

Pre Issue Share Holding	73.13%
Post Issue Share Holding	53.67%

Accent Microcell Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Earning Per Share (EPS)	₹10.06 per Equity Share
Net Asset Value (NAV)	₹34.19 per Equity Share
Post P/E Ratio (P/E) (x)	13.92
Return on Net Worth (RoNW) (%)	29.44
Return on equity (ROE) (%)	34.11
Return on Capital Employed (ROCE) (%)	26.46
Debt/Equity Ratio	0.52

Accent Microcell Ltd Peer Comparison

Company Name	Consolidated/ Standalone	Face Value	EPS (₹)	P/E Ratio	RoNW (%)	NAV (₹)
Accent Microcell Limited	Standalone	10	10.06	13.92	29.44	34.19
Peer Group
Sigachi Industries Limited	Standalone	10	13.52	16.70	15.64	86.39

Accent Microcell IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹145	–	–
13 December 2023	₹148	–	–
12 December 2023	₹140	–	–
11 December 2023	₹140	–	–
10 December 2023	₹130	–	–
9 December 2023	₹135	–	–
8 December 2023	₹135	–	–
7 December 2023	₹140	–	–
6 December 2023	₹140	–	–

Accent Microcell IPO Detail Video:

Accent Microcell IPO Subscription Status (Bidding Detail)

The Accent Microcell IPO on December 12, 2023 at 7:29:00 PM was subscribed 362.41 times, with the retail category being subscribed 409.95 times, the NII (Non-Institutional Investor) category being subscribed 576.70 times, QIB (Qualified-Institutional Buyers) category being subscribed 118.48 times.

Category	Subscription
QIB	118.48x
NII	576.70x
Retail	409.95x
Total	362.41x

Accent Microcell IPO Prospectus

Accent Microcell IPO DRHP	Download
Accent Microcell IPO RHP	Download
Accent Microcell IPO Anchor Investors Details PDF	Download

Accent Microcell IPO Rating

Our Rating

4.0/5.0

Accent Microcell Company Contact Information

Accent Microcell Limited

Registered Office: 314, Shangrilla Arcade, Shyamal Cross Roads, Anandnagar Road, Satellite, Ahmedabad, Gujarat, 380015
Tel: +91 – 7575803351
E-mail: cs@accentmicrocell.com
Website: www.accentmicrocell.com
Contact Person: Ms. Braham Pal Chhabra, Company Secretary and Compliance Officer
Company Promoter: Mr. Vasant Vadilal Patel, Mr. Ghanshyam Arjanbhai Patel, Mr. Nitin Jasvantbhai Patel and Mr. Vinodbhai Manibhai Patel

Accent Microcell IPO Registrar

Kfin Technologies Limited

Registered Office: 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 Lead Manager

Corporate Capitalventures Private Limited

Registered Office: 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 FAQs