Accent Microcell Ltd IPO Review

Company Overview:

Accent Microcell Company works to make high-quality cellulose-based excipients. The company has been working in the pharmaceutical sector since April 2012. 

Accent Microcell manufactures at Pirana Rd, Ahmedabad and Dahez, Bharuch, selling products across 45 countries.

Its main product is Microcrystalline Cellulose(MCC). The company has come for an initial public offering(IPO). It needed funds to set up a plant at Navagam, Kheda and general corporate expenses.

Accent Microcell Ltd is issuing fresh 56,00,000 equity shares whose price band is set at 133-140 per equity share against a face value of Rs 10 per Share.

The Issue:

The company is offering 56,00,000 fresh equity shares.

QIB – Not more than 50% of the Net Issue

NII (HNI) – Note less than 14.25% of the Net Issue

Retail – Not less than 33% of the Net Issue

IPO details:

Purpose for the IPO:

To manufacture Croscarmellose Sodium (“CCS”), Sodium Starch Glycolate, and Carboxymethylcellulose (CMC), a plant will be set up at Navagam Kheda. Additionally, general corporate expenses will be covered.

GMP Price:

The prices shown here are for informational purposes only. We do not deal in grey market transactions, provide sub2 rates, or recommend trading in the grey market.