Dive into the Accent Microcell IPO details, from subscription status to financial insights. Explore the market trends and discover why this IPO is gaining attention in the high-quality cellulose industry.
Introduction: The Accent Microcell IPO is poised to revolutionize the high-quality cellulose market. With a fresh issue of 56 lakh shares and a price band of ₹133 to ₹140 per share, this IPO presents a unique investment opportunity.
Accent Microcell IPO Key Details:
- Subscription Period: December 8, 2023, to December 12, 2023
- Listing Date: December 15, 2023
- Price Band: ₹133 to ₹140 per share
- Lot Size: 1000 Shares
- Total Issue Size: 5,600,000 shares (₹78.40 Cr)
Accent Microcell IPO Subscription Insights:
As of Day 1, the IPO is subscribed 16.23 times, showcasing robust investor interest. Retail and NII categories lead the pack with 25.54 and 16.15 times subscription, respectively.
The Company’s Profile:
Accent Microcell Limited, incorporated in 2012, stands as a key player in producing cellulose-based excipients for pharmaceutical, nutraceutical, food, cosmetic, and other industries. Boasting two state-of-the-art manufacturing facilities, the company serves a global clientele in over 45 countries.
Financial Performance:
In the financial year ending March 31, 2023, Accent Microcell Limited reported a 23.53% increase in revenue and a remarkable 120.77% rise in profit after tax compared to the previous year.
Accent Microcell IPO GMP Analysis:
The Grey Market Price (GMP) for Accent Microcell Ltd suggests a positive trend, indicating a listing premium of approximately 78.57%. This underlines the strong demand for the IPO.
How to Apply:
Retail investors can invest a minimum of ₹140,000, while HNI/NII investors can invest a minimum of ₹280,000. The IPO closes on December 12, 2023, and is set to list on December 15, 2023.
Also read: Sheetal Universal IPO: A Gateway to Agro-processing Prosperity
Conclusion:
Accent Microcell IPO is not just an investment opportunity; it’s a journey into the dynamic world of high-quality cellulose. As the market responds with enthusiasm, this IPO promises growth, innovation, and a unique chance to be part of a thriving industry.
Note: This article is for informational purposes only and does not constitute financial advice. Readers are advised to conduct thorough research before making investment decisions.
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