Accent Microcell Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Accent Microcell

CMP

289.30

-4.75 (-1.62%)

  • DRHP
₹140

Offer Price

₹ 78.40 Cr

Issue Size

₹ 1,40,000

Min Investment

1,000

Lot size

Time Line

  • 08
    Dec 2023
    Open
  • 12
    Dec 2023
    Close
  • 13
    Dec 2023
    Finalisation of Basis of Allotment
  • 14
    Dec 2023
    Initiation of Refunds
  • 14
    Dec 2023
    Transfer of Shares to Demat Account
  • 15
    Dec 2023
    Listing Date

Objects of the Offer

  • Establishing New Facility to meet the rising demand for CCS, SSG, and CMC.

  • Diverse Product Portfolio & Quality Services.

  • Increasing its Global presence.

  • Focus on quality.

Products & Services

  • Accent Microcell Limited manufacturing of the high-quality cellulose-based excipients.

Strengths

  • Experienced Promoter and management team with strong industry expertise and successful track record.

  • One of the leading manufacturers of MCC (cellulose based excipient) with over two decades experience.

  • Established Global presence.

  • Long term relationship with clients and repeat & diversified business.

  • Versatile, Technically Sound operation Team, which understands creativity at its excellence.

Risks

  • The Company is party to the case "Aryavart Foundation V/S Hemani industries Ltd. & Ors" for non-compliance of environmental laws.

  • The company may face several risks associated with the proposed expansion of its manufacturing of CCS at the Proposed Unit, which could hamper its growth, prospects, cash flows and business and financial condition.

  • There may be potential conflict of interests between the Company and its Group Entities.

  • The company relies on a limited number of suppliers for sourcing its raw materials. Furthermore, the company has not entered into any longterm agreement or contract of supply of raw materials and consequently are exposed to price and supply fluctuations for its raw materials.

  • The company derives a significant portion of its revenue from the sale of certain products and any reduction in demand for these products could have an adverse effect on its business, results of operations and financial condition.

Company Promoters

Promoters Holding

Issue For IPO
18.90%
Pre Holding

71.03%

Post Holding

52.13%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 165.71 (26.10%) 204.19 (23.20%) 29.44 (-)
Gross Profit 165.71 (26.10%) 204.19 (23.20%) 29.44 (-)
Net Income 165.71 (26.10%) 204.19 (23.20%) 29.44 (-)
Assets 165.71 (26.10%) 204.19 (23.20%) 29.44 (-)
Liabilities 165.71 (26.10%) 204.19 (23.20%) 29.44 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Accent Microcell Ltd 204.19 13.01 67.63 23.43 29.44 0.00 34.15 1.77 0.34
Sigachi Industries Ltd 302.05 43.54 373.75 373.75 16.22 14.16 87.29 11.64 0.15

Book Running Managers

  • Corporate Capitalventures Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

314 Shangrilla Arcade Shyamal-,
Crs.Rd Anandnagar Rd Satellite,
Ahmedabad - 380015
Phone : +91 75758 03351 Email : cs@accentmicrocell.com www.accentmicrocell.com

Offer Related Information

Public issue of 56,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Accent Microcell Limited (the "Company" or the "Issuer") for cash at a price of Rs. 140 per equity (the "Issue Price") aggregating to Rs. 78.40 crores ("The Issue") comprising of a fresh issue of 56,00,000 equity shares aggregating to Rs. 78.40 crores (the "Fresh Issue") of which 2,80,000 equity shares aggregating to Rs. 3.92 crores will be reserved for subscription by market maker to the issue (the... More

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