Accent Microcell Limited produces high-quality cellulose-based excipients mainly for the Pharmaceutical, Nutraceutical, Food, Cosmetic and other industries. The Company has carved a niche in producing high-quality cellulose-based excipients, that meet international quality standards. The company operates two state-of-the-art manufacturing facilities at Pirana Road in Ahmedabad and Dahej SEZ in Bharuch.
These facilities have enabled the development of a robust global sales model, serving customers across India and in more than 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 the manufacture of Microcrystalline Cellulose (“MCC”), which is an odourless, fine white powder, a purified form of cellulose that’s derived from the refinement of highly purified wood pulp. It is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent, and finds a wide range of applications in Pharmaceutical, Nutraceutical, Food, Cosmetic and other industries.
The company manufactures 22 grades of MCC, with particle sizes ranging from 20 microns to 180 microns. The major grades of MCC manufactured and marketed by the Company are branded “accel“. Besides “accel“, the company also sells products under the names “acrocell“, “maccel“, and “Vincel“.
Accent Microcell IPO – Details
| IPO Opening Date | 08 December 2023 |
| IPO Closing Date | 12 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 56,00,000 Shares Worth ₹78.40 Crore Fresh Issue: 56,00,000 Shares Worth ₹78.40 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹133 – ₹140 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Accent Microcell IPO – Date Schedule
| IPO Open Date | 08 December 2023 |
| IPO Close Date | 12 December 2023 |
| Basis of Allotment | 13 December 2023 |
| Initiation of Refund | 14 December 2023 |
| Credit of Shares to Demat Account | 14 December 2023 |
| IPO Listing Date | 15 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 12, 2023 |
Accent Microcell IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | 1,40,000 |
| Retail (Maximum) | 1 | 1000 | 1,40,000 |
| HNI (Minimum) | 2 | 2000 | 2,80,000 |
Company Promoters
- Mr. Vasant Vadilal Patel
- Mr. Ghanshyam Arjanbhai Patel
- Mr. Nitin Jasvantbhai Patel
- Mr. Vinodbhai Manibhai Patel
Object 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 Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 134.81 | 128.81 | 4.80 | 30.63 |
| 31 March 2022 | 167.53 | 159.95 | 5.89 | 24.09 |
| 31 March 2023 | 206.96 | 191.47 | 13.01 | 22.78 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 13.92 |
| ROE | 34.11% |
| ROCE | 26.46% |
| Debt/Equity | 0.52 |
| EPS (Rs) | 10.06 |
| RoNW | 29.44% |
Accent Microcell IPO Promoter Holding
| Pre Issue Share Holding | 73.13% |
| Post Issue Share Holding | 53.67% |
Accent Microcell IPO Prospectus
Company Contact Information
| Accent Microcell Limited 314, Shangrilla Arcade, Shyamal Cross Roads, Anandnagar Road, Satellite, Ahmedabad, 380015 Phone: +91-7575803351 Email: cs@accentmicrocell.com Website: https://accentmicrocell.com/ |
Accent Microcell IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: aml.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Accent Microcell IPO Lead Manager(s)
| 1. Corporate Capital Ventures Pvt Ltd |
Accent Microcell IPO FAQs
| What is Accent Microcell IPO? Accent Microcell IPO is a SME IPO. The issue is priced at ₹133 – ₹140 per equity share. The IPO is to be listed on NSE SME. |
| When Accent Microcell IPO will open? The IPO is to open on 08 December 2023 for QIB- 50%, Retail – 35% and NII – 15% Investors. |
| How to Accent Microcell IPO? You can apply Accent Microcell IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Accent Microcell IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Accent Microcell”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Accent Microcell IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Accent Microcell”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Accent Microcell IPO Size? Accent Microcell IPO size is ₹78.40 crores. |
| What is Accent Microcell IPO Price Band? Accent Microcell IPO Price Band is ₹133 – ₹140. |
| What is Accent Microcell IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,40,000 amount while the maximum bid is 1000 shares with ₹1,40,000. |
| What is the Accent Microcell IPO Allotment Date? Accent Microcell IPO allotment date is 13 December 2023. |
| What is the Accent Microcell IPO Listing Date? Accent Microcell IPO listing date is 15 December 2023. The IPO is to list on NSE SME. |
