Accent Microcell IPO vs AMIC Forging IPO

Comparision between Accent Microcell IPO and AMIC Forging IPO.

IPO Details

Accent Microcell IPO is a SME Book Built Issue IPO proposed to list at NSE SME while AMIC Forging IPO is a SME Book Built Issue proposed to list at BSE SME.

	Accent Microcell IPO	AMIC Forging IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Gretex Corporate Services Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Prabhat Financial Services Ltd.	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Accent Microcell IPO is up to ₹78.40 Cr whereas the issue size of the AMIC Forging IPO is up to ₹34.80 Cr. The final issue price of Accent Microcell IPO is ₹140.00 per share and of AMIC Forging IPO is ₹126.00 per share.

	Accent Microcell IPO	AMIC Forging IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹121.00 per share
Issue Price (Upper)	₹140.00 per share	₹126.00 per share
Issue Price (Final)	₹140.00 per share	₹126.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	56,00,000 shares	27,62,000 shares
Fresh Issue Size (Amount)	up to ₹78.40 Cr	up to ₹34.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,00,000 shares	27,62,000 shares
Issue Size Total (Amount)	up to ₹78.40 Cr	up to ₹34.80 Cr

IPO Timetable

Accent Microcell IPO opens on Dec 08, 2023, while AMIC Forging IPO opens on Nov 29, 2023. The closing date of Accent Microcell IPO and AMIC Forging IPO is Dec 12, 2023, and Dec 01, 2023, respectively.

	Accent Microcell IPO	AMIC Forging IPO
Anchor Bid Date	Dec 07, 2023	Nov 28, 2023
Issue Open	Dec 08, 2023	Nov 29, 2023
Issue Close	Dec 12, 2023	Dec 01, 2023
Basis Of Allotment (Tentative)	Dec 13, 2023	Dec 04, 2023
Initiation of Refunds (Tentative)	Dec 14, 2023	Dec 05, 2023
Credit of Share (Tentative)	Dec 14, 2023	Dec 05, 2023
Listing date (Tentative)	Dec 15, 2023	Dec 06, 2023
Anchor Lockin End date 1	Jan 12, 2024	Jan 03, 2024
Anchor Lockin End date 2	Mar 12, 2024	Mar 03, 2024

Financials

Accent Microcell IPO P/E ratio is 13.92, as compared to AMIC Forging IPO P/E ratio of 1.01.

Accent Microcell IPO

AMIC Forging IPO

Financial

Accent Microcell Limited Financial Information (Restated)

Accent Microcell Limited's revenue increased by 23.53% and profit after tax (PAT) rose by 120.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,214.89	11,409.69	9,461.04	8,070.45
Revenue	5,992.95	20,696.75	16,753.97	13,481.59
Profit After Tax	705.53	1,301.02	589.31	480.29
Net Worth	5,125.44	4,419.91	3,209.32	2,663.02
Reserves and Surplus	3,831.14	3,125.61	1,919.02	2,232.92
Total Borrowing	2,105.73	2,278.23	2,409.53	3,063.76
Amount in ₹ Lakhs

AMIC Forging Limited Financial Information (Restated Consolidated)

AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,367.84	6,107.99	3,163.87	1,622.07
Revenue	2,979.32	11,683.01	7,138.82	2,643.37
Profit After Tax	359.94	980.01	86.59	56.27
Net Worth	2,338.43	1,983.75	767.28	680.69
Reserves and Surplus	2,252.58	1,897.90	696.21	609.62
Total Borrowing	287.37	385.17	1,071.32	436.50
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

73.13%

78.38%

Promoter Shareholding (Post-Issue)

53.67%

57.74%

P/E Ratio

13.92

1.01

Market Cap

₹294.60 Cr.

₹132.15 Cr.

ROE

34.11%%

71.25%%

ROCE

26.46%%

55.78%%

Debt/Equity

0.52

0.26

EPS

₹10.06

₹12.83

RoNW

29.44%%

49.40%%

Shares Offered

In the Accent Microcell IPO retail investors (RII) are offered 18,62,000 shares while in AMIC Forging IPO retail investors are offered 18,62,000 shares. Qualified institutional buyers (QIB) are offered 10,64,000 shares in Accent Microcell IPO and 5,24,000 shares in AMIC Forging IPO.

	Accent Microcell IPO	AMIC Forging IPO
Anchor Investor Reserveration	15,96,000 shares	7,86,000 shares
Market Maker Reserveration	2,80,000 shares	1,39,000 shares
QIB	10,64,000 shares	5,24,000 shares
NII	7,98,000 shares	3,94,000 shares
RII	18,62,000 shares	9,19,000 shares
Employee	0 shares	0 shares
Others
Total	37,24,000 shares	18,37,000 shares

Bids Received (Subscription)

Accent Microcell IPO subscribed 362.41x in total, whereas AMIC Forging IPO subscribed 289.05x.

	Accent Microcell IPO	AMIC Forging IPO
QIB (times)	118.48x	91.43x
NII (times)	576.70x	589.27x
Big NII (times)
Small NII (times)
RII (times)	409.95x	273.01x
Employee (times)
Other (times)
Total (times)	362.41x	289.05x

Compare with others

Accent Microcell IPO	AMIC Forging IPO
Trident Techlabs IPO	S J Logistics IPO
Shree OSFM E-Mobility IPO	Accent Microcell IPO
Siyaram Recycling IPO	Marinetrans India IPO
Presstonic Engineering IPO	Shanti Spintex IPO
S J Logistics IPO	Graphisads IPO
Marinetrans India IPO	Net Avenue Technologies IPO
Shanti Spintex IPO	Deepak Chemtex IPO
Graphisads IPO	Swashthik Plascon IPO
AMIC Forging IPO	Rockingdeals Circular Economy IPO
Net Avenue Technologies IPO	Arrowhead Seperation Engineering IPO

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