Acetech E-Commerce IPO was introduced as a Book Built SME public issue by Acetech E-Commerce Limited. The issue comprised only a fresh issue of equity shares, while no existing shareholder offered shares through an Offer for Sale (OFS). The company planned to utilise the capital raised through the IPO mainly to strengthen its working capital position and meet general corporate requirements. Upon completion of the issue process, the company’s equity shares were admitted for trading on the NSE SME platform.
Acetech E-Commerce Limited operates as a business-to-business (B2B) supplier of industrial and engineering products. The company serves customers from various industries by offering products required for manufacturing, construction, engineering, infrastructure, fabrication, and maintenance activities. Its business is centred on providing industrial procurement solutions backed by an efficient sourcing and distribution network.
The company manages the complete supply chain process, beginning with supplier selection and product procurement, followed by inventory management, warehousing, order fulfilment, logistics coordination, and customer support. This integrated approach enables the company to ensure timely deliveries while maintaining product availability and operational efficiency. It also focuses on strengthening supplier relationships and expanding its customer base to support long-term business growth.
India’s industrial supply chain and B2B commerce market has witnessed steady growth due to rapid industrialisation, infrastructure development, increasing adoption of digital procurement platforms, and expansion of the manufacturing sector. As businesses continue to modernise their procurement processes, companies operating in organised industrial distribution are expected to benefit from growing market opportunities.
Since the IPO has already concluded and the shares are listed, investors should assess the company’s financial performance, customer base, supplier network, business model, competitive strengths, valuation, and future expansion plans before making an investment decision.
Acetech E-Commerce IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Acetech E-Commerce IPO |
| Company Name | Acetech E-Commerce Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹106 to ₹112 Per Share |
| Issue Size | ₹48.95 Crore |
| Fresh Issue | 43,70,400 Equity Shares |
| Offer for Sale | Nil |
| Total Shares Offered | 43,70,400 Equity Shares |
| IPO Open Date | 27 February 2026 |
| IPO Close Date | 4 March 2026 |
| Basis of Allotment | 5 March 2026 |
| Refund Initiation | 6 March 2026 |
| Shares Credited to Demat Account | 6 March 2026 |
| Listing Date | 9 March 2026 |
| Listing Exchange | NSE SME |
| Registrar | KFin Technologies Limited |
| Book Running Lead Manager | Gretex Corporate Services Limited |
The IPO consisted entirely of a fresh issue of equity shares. According to the issue documents, the company proposed to utilise the net proceeds primarily to support its working capital requirements and meet general corporate purposes, thereby strengthening its operational capacity for future growth.
Acetech E-Commerce IPO Dates
The table below highlights the important dates associated with the Acetech E-Commerce IPO.
| IPO Event | Date |
|---|---|
| IPO Opening Date | 27 February 2026 |
| IPO Closing Date | 4 March 2026 |
| Basis of Allotment | 5 March 2026 |
| Refund Initiation | 6 March 2026 |
| Shares Credited to Demat Account | 6 March 2026 |
| Listing Date | 9 March 2026 |
After the basis of allotment was finalised, eligible investors received the allotted equity shares in their demat accounts before the stock commenced trading on the NSE SME platform.
Acetech E-Commerce IPO Reservation
The public issue was allocated among different investor categories in accordance with the applicable regulations governing SME IPOs.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% |
| Non-Institutional Investors (NII) | Not Less Than 15% |
| Retail Individual Investors (RII) | Not Less Than 35% |
The final allocation under each category depended on the number of valid applications received during the bidding period.
Acetech E-Commerce IPO Lot Size
Investors were required to apply in the prescribed lot size specified for the public issue.
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 1 Lot (1,200 Shares) | ₹1,34,400 |
| Retail Maximum | 1 Lot (1,200 Shares) | ₹1,34,400 |
| HNI Minimum | 2 Lots (2,400 Shares) | ₹2,68,800 |
The application values shown above are calculated using the upper end of the IPO price band, i.e., ₹112 per equity share. Investors applying beyond the retail investment limit were required to submit their applications under the Non-Institutional Investor (NII) category.
About Acetech E-Commerce Limited
Acetech E-Commerce Limited is a business-to-business (B2B) industrial supply company that provides a broad range of engineering and industrial products to customers operating across various sectors. The company focuses on simplifying industrial procurement by offering multiple product categories through a single sourcing platform, enabling customers to procure their operational requirements efficiently.
Its business is built around understanding customer requirements, sourcing products from reliable manufacturers and suppliers, maintaining inventory, and ensuring timely delivery. By developing long-term relationships with both suppliers and customers, the company aims to deliver consistent product availability while improving procurement efficiency for industrial buyers.
Acetech E-Commerce Limited continues to strengthen its market presence by expanding its product offerings, improving supply chain capabilities, and enhancing customer service standards. Its technology-driven approach and organised procurement model support efficient business operations while helping customers reduce sourcing complexity.
Business Operations
Acetech E-Commerce Limited operates an integrated industrial procurement and distribution business that supports customers throughout the purchasing and supply chain process.
- Industrial Product Distribution – The company supplies a wide range of industrial, engineering, electrical, mechanical, safety, and maintenance products to business customers.
- Business-to-Business (B2B) Supply Solutions – It primarily caters to manufacturing companies, engineering firms, infrastructure businesses, contractors, and industrial enterprises through a B2B sales model.
- Strategic Product Sourcing – The company procures products from approved manufacturers and authorised suppliers to maintain product quality and consistent availability.
- Inventory Management – Stock is managed through organised inventory systems that help reduce delivery timelines and improve order fulfilment.
- Warehousing & Logistics – Warehousing and logistics operations support efficient storage, handling, and timely dispatch of products to customers across different locations.
- Order Processing – Customer orders are processed through structured procurement and fulfilment systems designed to improve operational efficiency.
- Supply Chain Management – The company continuously works on strengthening supplier relationships and optimising supply chain processes to ensure uninterrupted product availability.
- Customer Support Services – Dedicated customer service helps address enquiries, product requirements, order tracking, and after-sales support.
- Technology-Driven Operations – Digital systems are utilised to improve inventory monitoring, procurement planning, order management, and overall operational efficiency.
Industry Overview
India’s industrial distribution sector has witnessed significant transformation with increasing adoption of organised procurement systems and digital commerce platforms. Rapid industrialisation, infrastructure expansion, manufacturing growth, and rising capital expenditure across various industries have contributed to higher demand for industrial products and procurement services.
Businesses increasingly prefer organised B2B procurement partners that can provide multiple product categories through a single supply channel while ensuring product quality, competitive pricing, and timely deliveries. This trend has created opportunities for companies engaged in industrial distribution and supply chain management.
Government initiatives such as Make in India, Production Linked Incentive (PLI) schemes, infrastructure development programmes, and continued investments in manufacturing have further supported demand for engineering and industrial products. As industrial activity continues to expand, organised B2B distributors are expected to benefit from increasing procurement requirements across multiple sectors.
Business Strategy
Acetech E-Commerce Limited aims to strengthen its position in the industrial distribution market by expanding its customer base, increasing product offerings, and improving operational efficiency.
The company focuses on developing long-term relationships with industrial customers while continuously adding new products to meet changing market requirements. It also intends to enhance supply chain efficiency by improving procurement processes, inventory management systems, and logistics capabilities.
Another important strategic objective is to leverage technology to optimise business operations, improve customer experience, and strengthen inventory planning. The company also plans to expand its presence across new geographical markets while maintaining service quality and operational discipline.
By combining an extensive product portfolio, organised procurement systems, efficient supply chain management, and customer-focused operations, Acetech E-Commerce Limited aims to achieve sustainable long-term growth in India’s expanding B2B industrial distribution market.
Acetech E-Commerce IPO Financial Information
A company’s financial performance is one of the most important factors investors consider before investing in an IPO. Analysing revenue, profitability, net worth, and borrowings over multiple financial years helps investors assess business growth, operational efficiency, and long-term financial stability.
Acetech E-Commerce Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹255.68 Crore | ₹338.41 Crore | ₹471.36 Crore |
| Total Income | ₹257.02 Crore | ₹340.15 Crore | ₹474.11 Crore |
| EBITDA | ₹18.74 Crore | ₹26.83 Crore | ₹38.52 Crore |
| Profit Before Tax (PBT) | ₹12.26 Crore | ₹18.14 Crore | ₹27.43 Crore |
| Profit After Tax (PAT) | ₹9.18 Crore | ₹13.56 Crore | ₹20.61 Crore |
| Net Worth | ₹32.47 Crore | ₹46.82 Crore | ₹67.94 Crore |
| Total Borrowings | ₹58.63 Crore | ₹61.28 Crore | ₹65.91 Crore |
The company has reported consistent growth in revenue and profitability during the last three financial years. The increase in revenue reflects business expansion and growing demand for its industrial supply solutions. Profitability has also improved due to higher business volumes and better operational efficiency. Investors should evaluate these financial results together with the company’s valuation, competitive position, and future growth strategy before making an investment decision.
Acetech E-Commerce IPO Key Performance Indicators (KPIs)
Key Performance Indicators (KPIs) help investors measure the company’s operational efficiency, profitability, capital utilisation, and financial strength. These ratios provide additional insights into the company’s ability to generate returns while maintaining a balanced financial position.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 30.34% |
| Return on Capital Employed (ROCE) | 27.18% |
| Return on Net Worth (RONW) | 30.04% |
| EBITDA Margin | 8.13% |
| PAT Margin | 4.35% |
| Debt-to-Equity Ratio | 0.97 |
| Earnings Per Share (EPS) | ₹8.84 |
| Net Asset Value (NAV) Per Share | ₹29.16 |
| Price to Earnings (P/E) | 12.67x |
The company has maintained healthy profitability and return ratios while expanding its operations. Its financial indicators reflect efficient utilisation of capital and consistent earnings growth. Investors should consider these KPIs along with the company’s business model, customer base, supply chain capabilities, and future expansion plans before making an investment decision.
Objects of the Acetech E-Commerce IPO
The company proposed to utilise the net proceeds from the fresh issue for the following purposes:
- Meeting the company’s working capital requirements.
- Supporting future business expansion and operational growth.
- Strengthening the overall financial position of the company.
- General corporate purposes.
The proposed utilisation of the IPO proceeds is expected to improve liquidity, strengthen working capital, support business expansion, and enhance the company’s ability to meet increasing customer demand. These investments are also expected to improve operational efficiency and support long-term business growth.
Acetech E-Commerce IPO Listing Performance
The listing performance of an IPO reflects the stock’s market debut on the listing day. Although listing gains often indicate initial investor sentiment, long-term returns are primarily influenced by the company’s financial performance, business execution, industry outlook, and future growth potential.
| Particular | Details |
|---|---|
| Listing Exchange | NSE SME |
| Listing Date | 9 March 2026 |
| Issue Price | ₹112 Per Share |
| Listing Price | ₹121.00 Per Share |
| Listing Gain | ₹9.00 Per Share |
| Listing Gain (%) | 8.04% |
Acetech E-Commerce Limited made a positive debut on the NSE SME platform by listing above its issue price. While the listing premium reflected healthy investor interest during the initial trading session, investors should focus on the company’s long-term business performance, financial strength, and growth strategy rather than short-term market movements.
Acetech E-Commerce IPO Subscription Status
The subscription status indicates the level of demand received from different categories of investors during the IPO bidding period. Although higher subscription levels generally reflect strong investor confidence, investment decisions should also consider the company’s fundamentals, valuation, and long-term prospects.
Acetech E-Commerce IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 13.18 Times |
| Non-Institutional Investors (NII) | 22.47 Times |
| Retail Individual Investors (RII) | 18.69 Times |
| Total Subscription | 17.94 Times |
The IPO witnessed strong demand across all investor categories, with the Non-Institutional Investor (NII) segment recording the highest subscription. Robust participation from retail and institutional investors reflected positive market sentiment towards the public issue.
Acetech E-Commerce IPO Review
Acetech E-Commerce Limited operates in the B2B industrial supply and procurement sector, offering a broad portfolio of engineering and industrial products to customers across multiple industries. The company has developed an organised procurement and distribution model that integrates sourcing, inventory management, warehousing, logistics, and customer support, enabling it to efficiently serve industrial buyers.
The company benefits from an expanding industrial customer base, a diversified product portfolio, and an organised supply chain. Its focus on technology-enabled operations and efficient inventory management supports timely order fulfilment while improving customer experience. These capabilities position the company to benefit from increasing industrialisation and the growing adoption of organised procurement solutions.
At the same time, investors should consider key risks such as dependence on industrial demand, competitive pricing pressure, working capital requirements, supply chain disruptions, and fluctuations in raw material and procurement costs. These factors may influence the company’s future financial performance and profitability.
Overall, Acetech E-Commerce Limited operates in a sector supported by long-term industrial growth and increasing demand for organised B2B procurement services. Investors should evaluate the company’s financial performance, valuation, operational efficiency, and future business strategy before making any investment decision.
Acetech E-Commerce IPO Strengths
Acetech E-Commerce Limited has established its business by focusing on industrial procurement solutions, operational efficiency, and customer-centric services. Some of the key strengths of the company include:
- Comprehensive Industrial Product Portfolio – The company supplies a diverse range of engineering and industrial products, allowing customers to procure multiple products from a single source.
- Integrated Supply Chain Management – Its business model combines procurement, inventory management, warehousing, logistics, and distribution, improving operational efficiency and service quality.
- Established Supplier Network – Long-term relationships with suppliers help the company maintain product availability and support timely order fulfilment.
- Diversified Customer Base – The company serves customers across manufacturing, infrastructure, engineering, construction, and other industrial sectors, reducing dependence on a single industry.
- Technology-Driven Operations – The use of digital systems for inventory management, procurement planning, and order processing enhances operational control and customer experience.
- Experienced Management Team – The promoters and management possess industry experience that supports business expansion, strategic planning, and operational execution.
Acetech E-Commerce IPO Risk Factors
Like other companies operating in the industrial distribution sector, Acetech E-Commerce Limited is exposed to various operational, financial, and industry-related risks that investors should evaluate carefully.
- Dependence on Industrial Activity – Demand for the company’s products depends on the performance of manufacturing, infrastructure, engineering, and construction sectors. A slowdown in these industries could affect business growth.
- Working Capital Intensive Operations – Maintaining inventory and managing receivables require significant working capital, making efficient cash flow management important.
- Competitive Industry – The industrial distribution market includes several organised and unorganised players, resulting in pricing pressure and intense competition.
- Supply Chain Disruptions – Delays in procurement, transportation, or supplier operations may affect product availability and timely deliveries.
- Customer Concentration Risk – A significant dependence on certain customers or industries may affect revenue if demand declines or customer relationships change.
- Regulatory and Compliance Risk – The company must comply with various statutory, taxation, and commercial regulations. Any changes in regulatory requirements could impact business operations.
Before investing, prospective investors should carefully analyse these strengths and risks together with the company’s financial performance, valuation, business strategy, and long-term growth opportunities.
Acetech E-Commerce IPO Promoters
Acetech E-Commerce Limited is promoted by professionals with experience in industrial distribution, business management, and supply chain operations. The promoters have been instrumental in expanding the company’s product portfolio, strengthening supplier relationships, improving operational efficiency, and driving long-term business growth.
Acetech E-Commerce IPO Promoters Details
| Promoter | Designation |
|---|---|
| Mr. Ashish Choudhary | Promoter & Managing Director |
| Mrs. Neha Choudhary | Promoter & Whole-Time Director |
Acetech E-Commerce IPO Management Team
The company is managed by an experienced leadership team responsible for business strategy, procurement, finance, operations, sales, compliance, and corporate governance. Their combined expertise supports the company’s expansion plans and day-to-day operations.
| Name | Designation |
|---|---|
| Ashish Choudhary | Managing Director |
| Neha Choudhary | Whole-Time Director |
| Rohit Sharma | Chief Financial Officer |
| Priya Agarwal | Company Secretary & Compliance Officer |
Acetech E-Commerce IPO Registrar Details
The registrar to the issue was responsible for processing IPO applications, finalising the basis of allotment, initiating refunds, crediting equity shares to successful applicants, and handling investor-related services throughout the IPO process.
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | https://www.kfintech.com |
| IPO Allotment Status | https://kosmic.kfintech.com/ipostatus |
| Email ID | [email protected] |
| Contact Number | +91-40-6716 2222 |
Acetech E-Commerce IPO Lead Manager Details
The Book Running Lead Manager managed the overall public issue process, coordinated regulatory compliance, advised the company throughout the IPO, and facilitated the successful completion of the issue.
| Particular | Details |
|---|---|
| Lead Manager | Gretex Corporate Services Limited |
| Website | https://www.gretexcorporate.com |
| Email ID | [email protected] |
| Contact Number | +91-22-6930 8500 |
Acetech E-Commerce Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Acetech E-Commerce Limited |
| Registered Office | Ahmedabad, Gujarat, India |
| Website | https://acetechecommerce.com |
| Email ID | [email protected] |
How to Check Acetech E-Commerce IPO Allotment Status
Investors who applied for the IPO could check their allotment status after the basis of allotment was finalised through the registrar’s official website. The allotment status was also available through the NSE IPO portal.
Through KFin Technologies Limited
- Visit the official IPO allotment portal of KFin Technologies Limited.
- Select Acetech E-Commerce IPO from the available IPO list.
- Choose any one of the available search options, such as Application Number, PAN, or DP/Client ID.
- Enter the required details correctly.
- Click on Submit to view the allotment status.
Through NSE
- Visit the official NSE IPO allotment page.
- Select Acetech E-Commerce IPO from the IPO list.
- Enter your PAN Number, Application Number, or DP/Client ID.
- Complete the verification process, if applicable.
- Click on Search to check your allotment status.
Frequently Asked Questions (FAQs)
What is Acetech E-Commerce IPO?
Acetech E-Commerce IPO was a Book Built SME public issue comprising a fresh issue of equity shares.
What was the price band of the Acetech E-Commerce IPO?
The IPO was offered at a price band of ₹106 to ₹112 per equity share.
What was the total issue size of the Acetech E-Commerce IPO?
The total issue size was ₹48.95 crore.
When did the Acetech E-Commerce IPO open and close?
The IPO opened on 27 February 2026 and closed on 4 March 2026.
Where are Acetech E-Commerce shares listed?
The company’s equity shares are listed on the NSE SME platform.
Who was the registrar for the Acetech E-Commerce IPO?
KFin Technologies Limited acted as the registrar to the issue.
Who was the Book Running Lead Manager for the Acetech E-Commerce IPO?
Gretex Corporate Services Limited was the Book Running Lead Manager.
What was the minimum lot size for the Acetech E-Commerce IPO?
The minimum application size was 1 lot consisting of 1,200 equity shares.
What does Acetech E-Commerce Limited do?
The company operates a B2B industrial procurement and distribution business, supplying engineering and industrial products to customers across multiple industries.
What were the objects of the Acetech E-Commerce IPO?
The company proposed to utilise the IPO proceeds primarily for working capital requirements and general corporate purposes.
