Bumper Debut | Accent Microcell lists at 114 percent premium to IPO price on NSE SME
Accent Microcell stock opened at Rs 300 against the IPO price of Rs 140 on the NSE SME platform
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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.