The Accent Microcell IPO started on December 8, 2023, and ended on December 12, 2023. Shares were allocated on December 13, 2023, and refund processes began on December 14, 2023. On December 14, 2023, the shares were credited to investors demat accounts. Accent Microcell was officially listed on the stock exchange on December 15, 2023.
During the IPO, Accent Microcell offered shares at a price range of ₹133 to ₹140 per share, and the lot size was 1000 shares. The total issue size was ₹78.40 crores, with ₹78.40 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Accent Microcell Limited IPO Subscription Update Video
Accent Microcell IPO Subscription Status
The Accent Microcell IPO on December 12, 2023 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, the 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 Basic Details
| Company Name | Accent Microcell Limited |
| Domain of Company | Cellulose-based Ingredients Manufacturing |
| 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 |
About Accent Microcell Limited
Accent Microcell Limited, born on April 10, 2012, is all about crafting top-notch cellulose-based ingredients. We’re talking Pharmaceutical, Nutraceutical, Food, Cosmetic – you name it! We’ve got a solid reputation for churning out cellulose-based goodies that hit those international quality benchmarks.
Where does the magic happen? Well, we’ve got two super fancy manufacturing spots – one at Pirana Road in Ahmedabad and another at Dahej SEZ in Bharuch. Thanks to these spots, we’ve built a kick-butt global sales system. Our reach spans all across India and stretches over 45 countries! We’re talking 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.
Now, let’s get to the nitty-gritty. Our specialty? Microcrystalline Cellulose, aka MCC. It’s a refined, odorless, fine white powder that comes from purifying wood pulp like it’s an art form. This stuff is a Swiss Army knife in the industrial world – think texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent. You’ll find it making waves in Pharmaceutical, Nutraceutical, Food, Cosmetic, and more.
And we don’t just do one size fits all. Nope, we’ve got 22 different MCC grades, ranging from 20 microns to 180 microns. The big players in our lineup? They go by the name “accel.” But wait, there’s more – we’ve got other gems in our portfolio like “acrocell,” “maccel,” and “Vincel.” We’re not just making products; we’re crafting a cellulose-based symphony!
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Accent Microcell IPO FAQs
What is the start and end date of Accent Microcell IPO Subscription?
The Accent Microcell IPO started on December 8, 2023, and ended on December 12, 2023.
When does Accent Microcell IPO Subscription open?
The Accent Microcell IPO open on December 8, 2023.
When does Accent Microcell IPO Subscription close?
The Accent Microcell IPO Close on December 12, 2023.
What is the allotment date of Accent Microcell IPO?
The allotment date for Accent Microcell IPO is December 13, 2023.
When is the initial refund date of Accent Microcell IPO?
The initial Refund date for Accent Microcell IPO is December 14, 2023.
When were the shares credited to investors demat accounts for the Accent Microcell IPO?
The shares for the Accent Microcell IPO were credited to investors demat accounts on December 14, 2023.
When will Accent Microcell IPO be listed on the stock market?
Accent Microcell IPO stock market will be listed on December 15, 2023 at 10 am.
What was the price range of the Accent Microcell IPO shares?
The Accent Microcell IPO shares were offered at a price range of ₹133 to ₹140 per share.
What was the lot size for the Accent Microcell IPO shares?
The lot size for the Accent Microcell IPO shares was 1000 shares.
What was the total issue size of the Accent Microcell IPO?
The total issue size of the Accent Microcell IPO was ₹78.40 crores.
How were the shares allocated among different types of investors for the Accent Microcell IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Accent Microcell IPO listed?
The Accent Microcell IPO was listed on the NSE SME.
What is the Accent Microcell IPO Subscription Status?
Accent Microcell IPO is subscribed 362.41 Times.
