Blockbuster debut: Accent Microcell share price opens with 114% premium at ₹300 on NSE SME

Accent Microcell listing date: Accent Microcell share price made a stellar debut on NSE SME today. On NSE SME, Accent Microcell share price was listed at ₹300, which is 114.3% higher than the issue price of ₹140.

Accent Microcell IPO opened for subscription on Friday, December 8, and closed on Tuesday, December 12. Accent Microcell IPO price band was set in the range of ₹133 to ₹140. Accent Microcell IPO lot size was 1,000 shares. Investors could bid for a minimum of 1000 shares and in multiples thereof.

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Accent Microcell Limited is a manufacturer of premium cellulose-based excipients, primarily serving 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 cutting-edge manufacturing sites: Dahej SEZ in Bharuch and Pirana Road in Ahmedabad.

The company's listed peers is Sigachi Industries Limited (with a P/E of 16.70), as per Red Herring Prospectus (RHP).

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Accent Microcell IPO details

Accent Microcell IPO, which is worth ₹78.40 crore, is completely a fresh issue of 5,600,000 equity share; there is no offer for sale (OFS) component, according to RHP. While the anchor portion has set aside 15.96 lakh equity shares, the market maker portion has set aside 2.8 lakh equity shares, the QIB portion has set aside 10.64 lakh equity shares, the NIIs have been assigned 7.98 lakh equity shares, and the Retail (RII) portion has set aside 18.62 lakh equity shares.

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Accent Microcell IPO, which is worth ₹78.40 crore, is completely a fresh issue of 5,600,000 equity share; there is no offer for sale (OFS) component, according to RHP. While the anchor portion has set aside 15.96 lakh equity shares, the market maker portion has set aside 2.8 lakh equity shares, the QIB portion has set aside 10.64 lakh equity shares, the NIIs have been assigned 7.98 lakh equity shares, and the Retail (RII) portion has set aside 18.62 lakh equity shares.

Out of the net proceeds from the offering, Accent Microcell intends to use ₹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). The plant is anticipated to go into commercialisation by April 2025.

The Accent Microcell IPO's book running lead manager is Corporate Capitalventures Pvt Ltd, and the issue's registrar is Kfin Technologies Limited. Prabhat Financial Services is Accent Microcell's market maker.

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Accent Microcell IPO GMP today

Accent Microcell IPO GMP today or grey market premium is +203. This indicates Accent Microcell share price were trading at a premium of ₹203 the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Accent Microcell share price is ₹343 apiece, which is 145% higher than the IPO price of ₹140.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

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