The anchor portion has allocated 15.96 lakh equity shares. The market maker portion has allocated 2.8 lakh equity shares while the QIB portion has allocated 10.64 lakh equity shares. 7.98 lakh equity shares have been allocated to NIIs, and 18.62 lakh equity shares have been allocated to the Retail (RII) portion.
Out of the net proceeds from the offering, Accent Microcell intends to use Rs 54.39 crores to build a new plant in Navagam Kheda, Gujarat, India, to produce carboxymethylcellulose (CMC), sodium starch glycolate (SSG), and croscarmellose sodium (CCS).
Book Running Managers
The Accent Microcell IPO’s book running lead manager is Corporate Capitalventures Pvt Ltd. Kfin Technologies Limited is the registrar for the issue. Prabhat Financial Services is Accent Microcell’s market maker.
About the Company
Accent Microcell Limited manufactures premium cellulose-based excipients, primarily catering to the food, cosmetic, nutraceutical, and pharmaceutical industries. The company has established a speciality in the production of superior cellulose-based excipients that satisfy global quality requirements. The business runs two manufacturing sites including Dahej SEZ in Bharuch and Pirana Road in Ahmedabad.
Accent Microcell saw an increase in revenue from Rs 165.71 crore in FY22 to Rs 204.19 crore in FY23. It recorded revenue of Rs 58.81 crore for the first quarter of FY24, which concluded on June 30. Profit after tax (PAT) at Accent Microcell more than doubled from Rs 5.89 crore in FY22 to Rs 13.01 crore in FY23.
The company achieved Profit After Tax (PAT) of Rs 7.06 crore in Q1 of FY2023-24.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.
How useful was this post?
Click on a star to rate it!
Average rating 0 / 5. Vote count: 0
No votes so far! Be the first to rate this post.
Spread the love
Open Free Demat Account!
In just a few minutes, Simply provide some basic personal details, to get started.
As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in the securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educational material in the form of text and videos, so as to become an informed investor.