Accent Microcell News Today

Smallcap World Fund sold Rs 104.06 crore stake in Indigo Paints.

Microcrystalline cellulose (MCC) is a widely used excipient in the food, pharmaceutical, and cosmetic industries, with valuable applications in the...

234 companies have raised funds from Indian markets so far in 2023, with a significant portion of 176 companies falling within the SME category. In comparison, CY22 witnessed 103 SMEs entering the market; the number was 52 in 2021, 31 in 2020, and 31 in 2019.

In the mainboard segment, DOMS Industries and India Shelter Finance concluded their IPOs, while Inox Indias offer is set to close on Monday

The SME IPO was subscribed by a whopping 362 times on the last day of the bidding process with the total bids surpassing the Rs 18,000 crore mark, which is a first for any SME company. The previous record was held by Chennai-based Basilic Fly Studio, whose SME offer garnered bids of just over Rs 14,000 crore.

Accent Microcell stock opened at Rs 300 against the IPO price of Rs 140 on the NSE SME platform

The company’s initial public offering comprises a fresh issue of up to ₹240 crore and an offer for sale of equity shares of face value of ₹2 each aggregating up to ₹500 crore. Hence, the total issue size stands at ₹740 crore.

The SME IPO of Accent Microcell was subscribed by a whopping 362 times at close with the total bids surpassing the Rs 18,000 crore mark, which is a first for any SME company.

Accent Microcell is only the second issue in the SME segment to cross the Rs 10,000 crore subscription mark this year. Earlier, Chennai-based Basilic Fly Studio garnered bids of over Rs 14,000 crore

Accent Microcell IPO | High networth individuals and retail investors seem to be looking optimistic on the company that manufactures microcrystalline cellulose.