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Open
8 Dec 2023
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Close
12 Dec 2023
3
Allotment
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Listing
Fri, Dec 15, 2023
Price Band
₹133 to ₹140
Issue Size
56,00,000 shares (agg. up to ₹78 Cr)
Lot Size
1,000 Shares
Listing Date
Fri, Dec 15, 2023
Latest GMP
₹203
Est. Gain
145%
✦ AI Insight
GMP Trend
15-12-2023₹203Est. ₹343+145%
14-12-2023₹203Est. ₹343+145%
13-12-2023₹195Est. ₹335+139.29%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 249.48x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 122.15 | 114.10 | 94.61 | 80.70 |
| Total Income | 59.93 | 206.97 | 167.54 | 134.82 |
| Profit After Tax | 7.06 | 13.01 | 5.89 | 4.80 |
| NET Worth | 51.25 | 44.20 | 32.09 | 26.63 |
| Reserves and Surplus | 38.31 | 31.26 | 19.19 | 22.33 |
| Total Borrowing | 21.06 | 22.78 | 24.10 | 30.64 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Deepak Chemtex Ltd. | SME | ₹23.04 Cr | ₹80 | 10.14 | ₹159.60 | +99.50% | ₹75.75 (-0.63%) |
| Saroja Pharma Industries India Ltd. | SME | ₹9.11 Cr | ₹84 | 23.25 | ₹68.25 | -18.75% | ₹28.60 (-4.51%) |
| Sudarshan Pharma Industries Ltd. | SME | ₹50.10 Cr | ₹73 | 24.33 | ₹69.35 | -5.00% | ₹40.00 (-0.77%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Set up plant at Navagam Kheda for manufacturing Croscarmellose Sodium (“CCS”), Sodium Starch Glycolate and Carboxymethylcellulose (CMC); and | 54.39 |
| 2 | General Corporate Expenses | 17.90 |
About Accent Microcell IPO
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 MC
Contact Details
Accent Microcell Ltd. Address314, Shangrilla ArcadeShyamal Cross RoadsAnandnagar Road, SatelliteAhmedabad, Gujarat, 380015+91-7575803351cs@accentmicrocell.comVisit Website