Accent Microcell Limited IPO: Accent Microcell Limited, a prominent player in the production of high-quality cellulose-based excipients, is set to launch its Initial Public Offering (IPO). The IPO is a book-built issue, aiming to raise Rs 78.40 crores through an entirely fresh issue of 56 lakh shares.
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Accent Microcell IPO ScheduleThe bidding for the Accent Microcell IPO commenced on December 8, 2023, and is scheduled to conclude on December 12, 2023.
Accent Microcell IPO Allotment Date:The IPO of Accent Microcell isanticipated to be finalised on Wednesday, December 13, 2023.
Accent Microcell IPO Listing DateAccent Microcell IPO is set to make its debut on the NSE SME platform, with a tentative listing date set for Friday, December 15, 2023.
Accent Microcell IPO Price BandThe IPO‘s price band of Accent Microcell has been set at Rs 133 to Rs 140 per share.
Accent Microcell IPO GMPAs per sources tracking unlisted market activities, the Grey Market Premium (GMP) for Accent Microcell is reportedly in the range of Rs 180 to Rs 190.
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Accent Microcell IPO Minimum InvestmentFor interested parties, the minimum lot size for an application is 1000 shares, requiring a minimum investment of Rs 140,000. High Net Worth Individuals (HNIs) are encouraged to consider 2 lots (2,000 shares), amounting to a minimum investment of Rs 280,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager for the Accent Microcell IPO, with Kfin Technologies Limited acting as the registrar. Prabhat Financial Services assumes the role of the market maker.
The company plans to allocate the net proceeds from the fresh issue to establish a plant at Navagam Kheda for the manufacturing of Croscarmellose Sodium, Sodium Starch Glycolate, Carboxymethylcellulose (CMC), and cover general corporate expenses.
Accent Microcell IPO AboutIncorporated on April 10, 2012, Accent Microcell Limited has established itself as a key player in producing cellulose-based excipients meeting international quality standards.
Operating cutting-edge manufacturing facilities at Pirana Road in Ahmedabad and Dahej SEZ in Bharuch, the company caters to the Pharmaceutical, Nutraceutical, Food, Cosmetic, and other industries.
