New Delhi: Investors have an opportunity to subscribe to Accent Microcell’s initial public offering (IPO) as it opens for subscription on Friday, December 8 and will remain open until Tuesday, December 12.
Accent Microcell IPO: Price Band
The IPO price band is set between Rs 133 and Rs 140. (Also read: Spotify to cut 1500 jobs, CEO says ‘talented and hard-working people…’)
Accent Microcell IPO: Lot Size
Accent Microcell has 1,000 shares in its initial public offering. Interested investors can bid for a minimum of 1,000 shares and in multiples thereof. (Also Read: Types of Credit Cards in India: Check Features and Benefits)
Accent Microcell IPO: Face Value
The face value of the equity shares is Rs.10 each.
Accent Microcell IPO: Issue Price
The issue price is established at 13.30 to 14.00 times the face value for the lower and upper price bands.
Accent Microcell IPO: Key Details
The IPO, valued at ₹78.40 crore, is entirely a fresh issue of 5,600,000 equity shares, with no Offer for Sale (OFS) component as mentioned in the Red Herring Prospectus (RHP).
Accent Microcell IPO: Allocation Breakdown
For the Accent Microcell IPO, 15.96 lakh equity shares have been allotted to anchor investors, 2.8 lakh to market makers, 10.64 lakh to qualified institutional buyers (QIBs), 7.98 lakh to non-institutional investors (NIIs) and 2.18 lakh to Retail (RII) segment.
Accent Microcell IPO: GMP
As per the latest report, Gray Market Premium (GMP) for Accent Microcell IPO stands at +110. This suggests that the Accent Microcell share price is currently trading at a premium of Rs 110 in the gray market, according to data from investorgain.com.
Accent Microcell Limited: About
Accent Microcell Limited specializes in the manufacture of premium cellulose-based excipients, serving industries such as food, cosmetics, nutraceuticals and pharmaceuticals.
Renowned for manufacturing superior cellulose-based excipients meeting global standards, the company operates from two advanced manufacturing sites: Dahej SEZ in Bharuch and Pirana Road in Ahmedabad.
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