Accent Microcell was incorporated on April 10, 2012. The company is a global manufacturer of Microcrystalline Cellulose (MCC). MCC is an odourless fine white powder & a purified form of cellulose derived from the refinement of highly purified wood pulp. It is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent which finds a wide range of applications in pharmaceutical, nutraceutical, food, cosmetic and other industries.
| Bidding Dates |
|---|
| 08 Dec 2023 - 12 Dec 2023 |
| Subscription |
|---|
| 337.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,33,000 | 1 | 1 | 1000 | 5.6 M | ₹133 - ₹140 | 53.67 % | ₹744.8 M - ₹784.0 M | RHP DOC |
Accent Microcell IPO SUBSCRIPTION STATUS
12 Dec '23Accent Microcell IPO overall subscription rate was 337.13 times the total available shares
Accent Microcell IPO retail subscription rate was 544.69 times in the retail segment
Accent Microcell IPO non-institutional investor subscription rate was 766.71 times in the non-institutional investor category
Accent Microcell IPO Qualified Institutional Bidder subscription rate was 62.97 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Dec 2023 (Day 3) | 544.69x | 766.71x | 62.97x |
11 Dec 2023 (Day 2) | 284.58x | 213.59x | 5.26x |
08 Dec 2023 (Day 1) | 57.01x | 49.77x | 2.71x |
Accent Microcell FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 70.6 | 588.1 | 39.3 | 24.4 | 16.7% |
| FY23 | 130.1 | 2,041.9 | 78.2 | 35.0 | 10.9% |
| FY22 | 58.9 | 1,657.1 | 148.7 | 110.0 | 8.9% |
| FY21 | 48.0 | 1,325.7 | 50.4 | -1.1 | 9.8% |
Accent Microcell IPO SUBSCRIPTION STATUS DETAILS
Accent Microcell had 5.6 M shares on offer
Accent Microcell IPO offer price was in the range ₹133 - ₹140
Accent Microcell IPO minimum Investment was ₹133000
Accent Microcell IPO issue size was ₹ 744.8 M - ₹ 784.0 M
Accent Microcell had a minimum lot size of 1000 Shares per application
Accent Microcell NUMBER OF SHARES ON OFFER
Accent Microcell IPO IMPORTANT DATES
| Issue Open Date | 08 Dec 2023 |
| Issue close Date | 12 Dec 2023 |
| Allotment Date | 13 Dec 2023 |
| Refund Date | 14 Dec 2023 |
| Demat Account Credit Date | 14 Dec 2023 |
| Listing Date | 15 Dec 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Accent Microcell Allotment Status | Exchange |
Accent Microcell IPO subscription opened on 08 Dec 2023, and closed on 12 Dec 2023
IPO allotment for Accent Microcell was finalized on Wednesday, 13 Dec 2023
IPO listing for Accent Microcell was on NSE and BSE on Friday, 15 Dec 2023
Accent Microcell IPO LISTING GAINS
| Issue Price (adjusted) | 140.0 |
| Listing Open Price | 300.0 |
| Listing Close Price | 315.0 |
| Listing Gain% | 114.3% |
| Current Gain% | 288.5% |
Accent Microcell Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accent Microcell Ltd. | 543.9 | 1144.5 | 29.7 | 1.8 | 3.2 | 15.9 | 13.6 | 355.8 | 31.3 | 43.9 | 32.7 | 18.3 | 16.4 |
| Sun Pharmaceutical Industries Ltd. | 1945 | 466670.7 | 38.6 | 2.3 | 7.8 | 13.7 | 10.6 | 60433.8 | 10.8 | 11479.4 | 5 | 50.4 | 16.6 |
| Divi's Laboratories Ltd. | 8275 | 219675.3 | 75.1 | 2.8 | 19.6 | 15.3 | 12.8 | 11067 | 14 | 2568 | 17.2 | 110.2 | 26.8 |
| Torrent Pharmaceuticals Ltd. | 4924 | 187293.2 | 85.9 | 9.6 | 11.9 | 25.8 | 4.9 | 13886.2 | 20.3 | 2163.4 | 13.2 | 57.3 | 8.9 |
| Cipla Ltd. | 1463.8 | 118253.6 | 35.1 | -0.9 | 4.2 | 11.3 | 9.1 | 29044.6 | 2.2 | 3879.2 | -26.4 | 41.7 | -37.5 |
| Zydus Lifesciences Ltd. | 1114.2 | 112114.6 | 22.2 | 2.3 | 4.1 | 18.6 | 9.6 | 27657.9 | 17.6 | 5040 | 11.4 | 50.1 | 9.6 |
Accent Microcell INFORMATION ON IPO ISSUE
About Accent Microcell
Accent Microcell was incorporated on April 10, 2012. The company is a global manufacturer of Microcrystalline Cellulose (MCC). MCC is an odourless fine white powder & a purified form of cellulose derived from the refinement of highly purified wood pulp. It is widely used as a texturizer, anticaking agent, binder, lubricant, bulking agent, and diluent which finds a wide range of applications in pharmaceutical, nutraceutical, food, cosmetic and other industries.
Object of the Issue
- To set up a plant at Navagam Kheda for manufacturing Croscarmellose Sodium, Sodium Starch Glycolate and Carboxymethylcellulose
- General corporate expenses
Accent Microcell - PROMOTERS
| Name |
|---|
| Vasant Vadilal Patel |
| Ghanshyam ArjanBhai Patel |
| Nitin JasvantBhai Patel |
| VinodBhai ManiBhai Patel |
Accent Microcell Lead Manager to the Issue
Corporate Capital Ventures Private Limited
smeipo@ccvindia.com
Accent Microcell Registrar to the issue
Kfin Technologies Private Limited
aml.ipo@kfintech.com
Accent Microcell Strengths
Aggressive promotion
The company is very aggressive in promoting its products in domestic & international markets through frequent visits to customers, marketing, and advertisement on relevant platforms. It exports products to more than 45 countries
Leading manufacturers
The company has a legacy of over 10 years in the cellulose-based excipient industry. It is a leading manufacturer of MCC globally
Diverse product portfolio
The company manufactures MCC of various particle sizes (from 20 microns to 180 microns). It also plans to manufacture a new range of excipients, namely CCS, SSG and CMC, and higher grades of MCC
Accent Microcell Risks
Dependent on few clients
A substantial portion of the company's revenues is dependent on a few clients (top 10). The loss of any one or more of these major clients would have a material effect on its business operations and profitability
Certain legal proceedings
The company and its directors are involved in certain legal proceedings and potential litigations. Any adverse decision in such proceedings may render them liable to liabilities/penalties
IPO FAQs
The promoters of the company are Vasant Vadilal Patel, Ghanshyam ArjanBhai Patel, Nitin JasvantBhai Patel and VinodBhai ManiBhai Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 133.0 - 140.0.
The IPO application opens on Dec 08, 2023 and closes on Dec 12, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 133,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Dec 13, 2023.
The refund will be credited to your account on Dec 14, 2023.
The allotted shares will be credited to your demat on Dec 14, 2023.
Accent Microcell Ltd.’s shares listed on the stock exchanges on Dec 15, 2023.