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:

Opening Date18th Dec 2023
Closing Date20st Dec 2023
Allocation Date21st Dec 2023
Refund Initiation Date22nd Dec 2023
Demat Transfer Date22nd Dec 2023
IPO Listing Date26th Dec 2023
Issue Price₹340- ₹360 Per Share
Lot Size41 shares
Face Value20th Dec 2023
Surat Estate Developer 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:

DateIPO PriceGMPEst. Listing Price
13-Dec-2023₹140₹195₹335
12-Dec-2023₹140₹195₹335
11-Dec-2023₹140₹202₹342
10-Dec-2023₹140₹202₹342
09-Dec-2023₹140₹185₹325
08-Dec-2023₹140₹150₹290
07-Dec-2023₹140₹160₹300
06-Dec-2023₹140₹140₹280
05-Dec-2023₹140₹120₹260

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.

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