Accent Microcell IPO GMP

The Indian stock market has been witnessing a surge in Initial Public Offerings (IPOs) in recent times, and one such IPO that has garnered significant attention is the Accent Microcell SME IPO. In this blog, we will delve into the details of this IPO, particularly its Grey Market Premium (GMP), which is an essential indicator for potential investors.

Also See: Upcoming IPO in India

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Accent Microcell IPO Overview

Accent Microcell Limited is set to launch its SME IPO with a total worth of Rs 78.40 crore. The subscription period for this IPO will run from December 8th to December 12th, 2023. This IPO follows a book-build method and offers shares in the price band of Rs 133 to Rs 140 per equity share, with a face value of Rs 10 per share. To participate in this IPO, investors can apply for a minimum lot size of 1000 shares, amounting to a total application amount of Rs 140,000.

Also See: All IPO GMP Price Today

Accent Microcell IPO GMP

Grey Market Premium (GMP) plays a crucial role in gauging investor sentiment and predicting the likely listing price of an IPO. Here is the GMP data for the Accent Microcell IPO as of Today: [Last Updated: 15 Dec, 2023; 10:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
15-12-2023₹140.00₹203154300₹343 (145%)
14-12-2023₹140.00₹203154300₹343 (145%)
13-12-2023₹140.00₹195148200₹335 (139.29%)
12-12-2023₹140.00₹195148200₹335 (139.29%)
11-12-2023₹140.00₹202153500₹342 (144.29%)
10-12-2023₹140.00₹202153500₹342 (144.29%)
09-12-2023₹140.00₹185140600₹325 (132.14%)
08-12-2023₹140.00₹150114000₹290 (107.14%)
07-12-2023₹140.00₹160121600₹300 (114.29%)
06-12-2023₹140.00₹140106400₹280 (100.00%)
05-12-2023₹140.00₹12091200₹260 (85.71%)
04-12-2023₹140.00₹11083600₹250 (78.57%)
03-12-2023₹140.00₹11083600₹250 (78.57%)
02-12-2023₹140.00₹10076000₹240 (71.43%)

The GMP of Rs 203 indicates a positive sentiment in the grey market, suggesting that the IPO is expected to list at a premium when it enters the stock exchange. The Sub2 Sauda rate of 154300 implies a high demand for shares in the grey market, further bolstering expectations of a strong listing.

Also See: Announced IPOs: Upcoming Big IPOs in India 2024

Accent Microcell IPO

What is IPO Grey Market Premium (GMP)?

The Grey Market Premium (GMP) is the price at which an IPO is traded unofficially in an unregulated grey market before its official listing on the stock exchange. It serves as an indicator of market sentiment and investor expectations. A positive GMP suggests that the IPO is likely to list at a profit, while a negative GMP indicates a potential discount at listing.

However, it’s important to note that GMP is highly volatile and not always a reliable predictor of the IPO’s actual performance. Investors should consider various factors and not solely rely on GMP to make investment decisions.

About Accent Microcell Limited

Accent Microcell Limited is primarily engaged in the manufacturing of high-quality cellulose-based excipients and is known as one of the global leaders in producing Microcrystalline Cellulose (MCC). The company manufactures 22 different grades of MCC, ranging from 20 microns to 180 microns, which find applications as texturizers, binders, lubricants, anticaking agents, and bulking agents.

The company markets its products under various brand names, including “accel,” “maccel,” and “Vincel,” catering to diverse industries such as Pharmaceuticals, Food, Cosmetic, Nutraceutical, and more. Accent Microcell exports its products to countries around the world, including the USA, Canada, Germany, UK, Japan, China, Australia, and many others.

With two manufacturing facilities located in Ahmedabad and Dahej, the company has a combined manufacturing capacity of 8000 metric tonnes per annum. Additionally, it is in the process of developing a new facility in Navagam Kheda, which is expected to be completed by March 2025, increasing its total manufacturing capacity by 2400 metric tons.

Also See: Announced IPOs: Upcoming Big IPOs in India 2024

Strengths of Accent Microcell SME IPO

Accent Microcell Limited boasts several strengths that make it an attractive investment opportunity:

  1. Leading manufacturer of cellulose-based excipients.
  2. Strong presence in both domestic and overseas markets.
  3. Strategically located manufacturing units for efficient supply and exports.
  4. A robust supplier base for sourcing raw materials.
  5. High-quality standards and certifications, including EXCiPACT, US-DMF, GMP, ISO 9001:2008, HACCP, KOSHER, HALAL, USP/NF, and more.

Important Accent Microcell IPO Dates

Here are the crucial dates for the Accent Microcell SME IPO:

  • SME IPO Open Date: December 8, 2023
  • SME IPO Close Date: December 12, 2023
  • Basis of Allotment Finalization Date: December 13, 2023
  • Refunds Initiation Date: December 14, 2023
  • Credit of Shares to Demat Account: December 14, 2023
  • SME IPO Listing Date: December 15, 2023
Accent Microcell IPO

In conclusion, the Accent Microcell SME IPO has generated significant interest, as indicated by its positive Grey Market Premium. However, potential investors should exercise caution and conduct thorough research before making investment decisions, as IPOs can be subject to market volatility and other factors that may impact their performance.

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