Accent Microcell Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,660,000 (48%) | — | ₹3,724 Cr |
| NII (HNI) | — | 798,000 (14%) | — | ₹1,117 Cr |
| Retail | — | 1,862,000 (33%) | — | ₹2,607 Cr |
| Market Maker | — | 280,000 (5%) | — | ₹39 Cr |
| Σ Total | — | 5,600,000 (100%) | — | ₹78,400 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹140,000 |
| Retail (Max) | 13 | 13,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 67,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 5,993 | 20,697 | 16,754 |
| Profit After Tax | 706 | 1,301 | 589 |
| Net Worth | 5,125 | 4,420 | 3,209 |
| Total Assets | 12,215 | 11,410 | 9,461 |
| Reserves & Surplus | 3,831 | 3,126 | 1,919 |
| Total Borrowing | 2,106 | 2,278 | 2,410 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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 Expenses. –
Company Overview
Accent Microcell Limited, founded in 2012, manufactures cellulose-based excipients for pharmaceutical, nutritional supplements, food, cosmetics, and other industries.
The company manufactures over 22 grades of MCC with particle sizes ranging from 20 to 180 microns, marketed under the brand names: Accel, Acrocell, Maccel, and Vincel.
The products can be divided into two categories: Spray-dried products and Spin-flash-dried products. The company's product portfolio includes:
Under the Accel/Vincel brand names: Microcrystalline Cellulose (MCC) - Spray Dried/ Spin Flash Dried, Microcrystalline Cellulose Spheres (MCC Spheres), Silicified Microcrystalline Cellulose (SMCC), Powdered Cellulose (PC), Microcrystalline Cellulose with Carboxy Methyl Cellulose (Co-Processed)
- Under the brand name Acrocell: Croscarmellose Sodium (CCS)
- Under the brand name Maccel: Magnesium Stearate (Mg. St.)
Accent Microcell has two manufacturing facilities at Pirana Road, Ahmedabad, and Dahej, SEZ (Bharuch) with a capacity of 8,000 metric tonnes. The Pirana facility (Unit I) is geared towards manufacturing MCC, SMCC, PC, and MCC with CMC, while the Dahej, SEZ facility (Unit II) is geared towards manufacturing MCC, MCC sphere, SMCC, and MCC with CMC for export to overseas customers.
The company's customers come from 45 different countries, including the US, Canada, Germany, the UK, Japan, China, Australia, Korea, the Netherlands, Turkey, Vietnam, Italy, Indonesia, Poland, Egypt, France, Thailand, New Zealand, Brazil, Russia, Mexico, Chile, Zimbabwe, Denmark, Greece and many others.