Accent Microcell Limited IPO : Key Dates

Accent Microcell Limited IPO is set to launch on 8 December, 2023. The company initiated its business operations in the year 2012. It is involved in the business of producing cellulose based excipients for various business segments. The company deals with various industries like Nutraceutical, Pharmaceutical, Cosmetic, Food etc. They have 2 manufacturing facilities in Ahmedabad and Dahej. Their products are supplied across 45 countries. The exports of the company’s products are done in Canada, USA, UK, Germany, Japan, Australia, China, Netherlands, Korea, Vietnam, Turkey, Poland, Indonesia, Italy, France, Egypt, New Zealand, Thailand etc. The brand name used for sale of products is Accel, Maccel, Acrocell and Vincel. 

Accent Microcell Limited IPO DETAILS

Accent Microcell Limited IPO is set to launch on 8 December, 2023. The subscription timeline extends till 12 December, 2023. The size for the IPO is 78.40 Crore Rs. Shares issued through fresh issue mode are worth 78.40 Crore Rs. No shares are issued through offer for sale mode. The lot size is 4000 shares and the price is 133 Rs to 140 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Accent Microcell Limited IPO

IPO OPENING DATE	8 December, 2023
CLOSING DATE FOR IPO	12 December, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	133 Rs to 140 Rs per share
LOT SIZE	1000 shares
MINIMUM ORDER QUANTITY	1000 shares
ISSUE SIZE	78,40 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	78.40 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	15 December, 2023

Accent Microcell Limited IPO : IMPORTANT DATES

IPO OPENING DATE	8 December, 2023
CLOSING DATE FOR IPO	12 December, 2023
IPO ALLOTMENT DATE	13 December, 2023
REFUNDS	14 December, 2023
DEMAT A/C CREDITED ON	14 December, 2023
IPO LISTING DATE	15 December, 2023

Accent Microcell Limited IPO begins for subscription from 8 December, 2023. The IPO subscription would continue till 12 December, 2023. The allotment status for the shareholders who applied would come on 13 December, 2023. The refunds for the ones who did not get allotment would be initiated on 14 December, 2023. The DEMAT accounts of shareholders would be credited on 14 December, 2023. The listing of the company would be completed on 15 December, 2023.

Accent Microcell Limited IPO : Lead Managers

The lead managers are :

• Corporate Capital Ventures Private Limited

The minimum lot size for the company is decided at 1000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1000 shares	140000 Rs.
Maximum	2000 shares	280000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	8070	9461	11409
Revenue	13481	16753	20696
PAT	480	589	1301

Accent Microcell Limited had an asset base of 8070 Lakh Rs in 2021 which increased to 9461 Lakh Rs in 2022 and 11409 Lakh Rs in 2023. The revenue of the company was 13481 Lakh Rs in 2021, 16753 Lakh Rs in 2022 and 20696 Lakh Rs in 2023. The profit of the firm was 480 Lakh Rs in 2021, 589 Lakh Rs in 2022 and 1301 Lakh Rs in 2023. 

PROS

• The company deals with various industries like Nutraceutical, Pharmaceutical, Cosmetic, Food etc.
• They have 2 manufacturing facilities in Ahmedabad and Dahej.
• Their products are supplied across 45 countries. The exports of the company’s products are done in Canada, USA, UK, Germany, Japan, Australia, China, Netherlands, Korea, Vietnam, Turkey, Poland, Indonesia, Italy, France, Egypt, New Zealand, Thailand etc.
• The brand name used for sale of products is Accel, Maccel, Acrocell and Vincel.

CONS

• The company works in a highly competitive segment.

Accent Microcell Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Accent Microcell Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.