The Accent Microcell IPO commenced on December 8, 2023, and concluded on December 12, 2023. The allotment of shares took place on December 13, 2023, and the initiation of refunds began on December 14, 2023. The shares were credited to the demat accounts of investors on December 14, 2023. Finally, the listing of Accent Microcell on the stock exchange occurred on December 15, 2023.
The Accent Microcell IPO was priced at ₹133 to ₹140 per share, with a lot size of 1000 shares. The total issue size was ₹78.40 crores, comprising a fresh issue of ₹78.40 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Accent Microcell IPO Basic Details
| Company Name | Accent Microcell Limited |
| Domain of Company | Cellulose-based Ingredients Manufacturing |
| Accent Microcell IPO GMP Today | ₹125 |
| Accent Microcell IPO Listing Gain | 89.29% |
| Accent Microcell IPO Open Date | December 8, 2023 |
| Accent Microcell IPO Close Date | December 12, 2023 |
| Accent Microcell IPO Allotment Date | December 13, 2023 |
| Accent Microcell IPO Listing Date | 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 |
| Company Promoters | Mr. Vasant Vadilal Patel, Mr. Ghanshyam Arjanbhai Patel, Mr. Nitin Jasvantbhai Patel and Mr. Vinodbhai Manibhai Patel |
Accent Microcell IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹125 | 89.29% | – | – |
| 6 December 2023 | ₹140 | 100% | – | – |
Accent Microcell Limited IPO Details:
Founded on April 10, 2012, Accent Microcell Limited makes top-notch cellulose-based ingredients mostly for the Pharmaceutical, Nutraceutical, Food, Cosmetic, and other industries. The company is known for producing high-quality cellulose-based ingredients that meet global quality standards. It runs two advanced manufacturing facilities at Pirana Road in Ahmedabad and Dahej SEZ in Bharuch. These facilities have helped create a strong global sales system, serving customers not only in India but also in over 45 countries worldwide, including 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.
The company specializes in making Microcrystalline Cellulose (“MCC”), which is a scentless, fine white powder, a purified type of cellulose obtained from highly purified wood pulp. MCC is commonly used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent, finding applications in various industries like Pharmaceutical, Nutraceutical, Food, Cosmetic, and more. The company manufactures 22 grades of MCC, with particle sizes ranging from 20 microns to 180 microns. The main MCC grades produced and sold by the company are labeled “accel.” In addition to “accel,” the company also offers products under the names “acrocell,” “maccel,” and “Vincel.”
Accent Microcell IPO More Details Click Here
Accent Microcell IPO FAQs
When is Accent Microcell IPO open?
Accent Microcell IPO will open on 8 December 2023.
When is Accent Microcell IPO Close?
Accent Microcell IPO will be closed on 12 December 2023.
What is Accent Microcell IPO GMP Today?
The Accent Microcell IPO GMP aka Grey Market Premium is ₹125.
What is Accent Microcell IPO Kostak Rates Today?
The Accent Microcell IPO Kostak Rate is ₹000.
What is Accent Microcell IPO Subject to Sauda Price Today?
The Accent Microcell IPO subject to sauda rates is ₹000.
Accent Microcell IPO Expected Returns?
The Accent Microcell expected return is 89.29%.
How much will be the listing gain in Accent Microcell IPO?
Accent Microcell IPO will get listing gain of 89.29%. (Approx.)
