Accent Microcell Limited IPO (Accent Microcell IPO)

Accent Microcell Limited IPO
Upcoming Accent Microcell IPO | New Accent Microcell IPO

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

Accent Microcell IPO – Details

IPO Opening Date08 December 2023
IPO Closing Date12 December 2023
Issue TypeBook Built Issue IPO
Issue Size56,00,000 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 Lot1000 Shares
Min Order1000 Shares (1 Lot)
Listing AtNSE SME
RegisterKfin Technologies Limited
Other Shares Offered50%
Retail Shares Offered35%
NII (HNI) Shares Offered15%

Accent Microcell IPO – Date Schedule

IPO Open Date08 December 2023
IPO Close Date12 December 2023
Basis of Allotment13 December 2023
Initiation of Refund14 December 2023
Credit of Shares to Demat Account14 December 2023
IPO Listing Date15 December 2023
Cut-off time for UPI mandate confirmation5 PM on Dec 12, 2023

Accent Microcell IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)110001,40,000
Retail (Maximum)110001,40,000
HNI (Minimum)220002,80,000

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.
Accent Microcell IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021134.81128.814.8030.63
31 March 2022167.53159.955.8924.09
31 March 2023206.96191.4713.0122.78
Amount in ₹ Crore

Key Performance Indicator

P/E (x)13.92
EPS (Rs)10.06

Accent Microcell IPO Promoter Holding

Pre Issue Share Holding73.13%
Post Issue Share Holding53.67%

Accent Microcell IPO Prospectus

Company Contact Information

Accent Microcell Limited

314, Shangrilla Arcade,
Shyamal Cross Roads,
Anandnagar Road, Satellite,
Ahmedabad, 380015

Phone: +91-7575803351

Accent Microcell IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Accent Microcell IPO Lead Manager(s)

1. Corporate Capital Ventures Pvt Ltd

Accent Microcell IPO FAQs

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.
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