Acme India Industries IPO is a book-built SME IPO of Acme India Industries Limited. The issue comprises a combination of fresh issue and offer for sale. The total issue consists of 62,08,800 shares aggregating up to ₹121.69 crore at the upper price band of ₹196 per share. The fresh issue comprises 54.07 lakh shares, while the offer for sale comprises 8.02 lakh shares.
Acme India Industries IPO opens for subscription on 30 September 2026 and closes on 6 October 2026. The allotment is expected to be finalized on 7 October 2026, while the shares are proposed to list on BSE SME on 9 October 2026. The price band is ₹186 to ₹196 per share and the lot size is 600 shares.
The company operates in the Indian railway rolling stock sector and provides turnkey railway coach furnishing, refurbishment, upgradation, toilet modernization and component manufacturing solutions. Its business is primarily linked to Indian Railways and railway-related projects.
Table of Contents
IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | Acme India Industries IPO |
| Company Name | Acme India Industries Limited |
| IPO Type | SME IPO |
| Issue Type | Book Building IPO |
| Face Value | ₹10 per Equity Share |
| Price Band | ₹186 to ₹196 per Share |
| Total Issue Size | ₹121.69 Cr |
| Total Shares Offered | 62,08,800 Shares |
| Fresh Issue | 54,07,200 Shares |
| Offer for Sale | 8,01,600 Shares |
| Market Maker Portion | 3,14,400 Shares |
| Net Offered to Public | 58,94,400 Shares |
| Listing At | BSE SME |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 6 October 2026 |
| Listing Date | 9 October 2026 |
| Lot Size | 600 Shares |
| Minimum Retail Application | 2 Lots / 1,200 Shares |
| Minimum Retail Investment | ₹2,35,200 |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Hem Securities Ltd. |
The total issue comprises 62,08,800 equity shares. After accounting for the market maker reservation, 50,92,800 shares from the fresh issue are available to the public. In addition, 8,01,600 equity shares are being offered through the Offer for Sale (OFS) by the existing shareholders. The issue therefore includes both a fresh issue component and an OFS component, with the proceeds from the fresh issue accruing to the company, while the OFS proceeds will be received by the selling shareholders.
IPO Dates
| IPO Event | Date |
|---|---|
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 6 October 2026 |
| Basis of Allotment | 7 October 2026 |
| Initiation of Refunds | 8 October 2026 |
| Credit of Shares to Demat | 8 October 2026 |
| Listing Date | 9 October 2026 |
IPO Reservation
The Acme India Industries IPO reservation is structured in accordance with the applicable allocation requirements for different investor categories. Not more than 50% of the net offer is reserved for Qualified Institutional Buyers (QIBs), while not less than 35% of the net offer is reserved for retail individual investors. The remaining portion is allocated to Non-Institutional Investors (NII), with not less than 15% of the net offer reserved for this category.
The reservation structure is intended to provide participation opportunities across institutional, retail, and non-institutional investor categories. The actual allotment to each category will depend on the subscription received during the IPO bidding period and the applicable allocation rules.
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the Net Offer |
| Retail Individual Investors | Not less than 35% of the Net Offer |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Offer |
Acme India Industries IPO Lot Size
The Acme India Industries IPO lot size determines the minimum number of shares that an investor can apply for in the public issue. Investors can bid for a minimum of 1,200 shares in a single application. After the minimum application, investors can place bids in multiples of 600 shares.
This means investors can apply for 1,200 shares, 1,800 shares, 2,400 shares, 3,000 shares, and so on, subject to the applicable investment limits and IPO price band. The total investment amount will depend on the final issue price decided for the IPO.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (Min) | 2 | 1,200 | ₹2,35,200 |
| Individual Investors (Max) | 2 | 1,200 | ₹2,35,200 |
| S-HNI (Min) | 3 | 1,800 | ₹3,52,800 |
| S-HNI (Max) | 8 | 4,800 | ₹9,40,800 |
| B-HNI (Min) | 9 | 5,400 | ₹10,58,400 |
About Acme India Industries Ltd.
Acme India Industries Limited operates in the Indian railway rolling stock sector and provides turnkey furnishing solutions for new railway coaches, refurbishment and conversion of existing coaches, toilet upgradation and manufacturing of railway components. The company serves railway-related projects and supplies products designed for safety, comfort, hygiene and functionality.
Business Operations
- Turnkey Coach Furnishing: Design and installation of interiors for new railway coaches, including LHB and Vande Bharat-related coaches.
- Coach Refurbishment: Refurbishment, upgradation and conversion of existing LHB and ICF railway coaches.
- Toilet Modernization: Upgradation and modernization of toilet facilities in railway coaches.
- Component Manufacturing: Manufacturing and supply of FRP products, sanitary ware, Braille signage, doors, flooring, panels, seat and berth components and other railway products.
- Integrated Manufacturing: The company operates two manufacturing units in Sonipat, Haryana, covering more than 116,000 square feet.
The company states that it has completed more than 10,000 train toilet upgrades and more than 1,600 coach furnishing projects. Its official website also highlights its in-house component manufacturing capabilities.
Industry Overview
Acme India Industries operates in the railway rolling stock and railway coach interior segment. Demand in this sector is linked to railway modernization, new coach manufacturing, refurbishment and passenger-facility upgrades. The company is particularly exposed to projects awarded through Indian Railways and related tender processes.
Business Strategy
- Expand its railway coach furnishing and refurbishment operations.
- Increase in-house manufacturing of railway components.
- Utilize the IPO proceeds to strengthen working capital.
- Reduce debt through repayment or pre-payment of borrowings.
- Invest in additional plant and machinery.
- Expand its presence across railway-related projects.
Acme India Industries IPO Financial Information
| Financial Year | Total Assets (₹ Cr) | Total Income (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) |
|---|---|---|---|---|
| FY2024 | 217.60 | 215.02 | 19.21 | 29.57 |
| FY2025 | 272.45 | 213.45 | 16.46 | 28.76 |
The company reported a total income of ₹213.45 crore and a profit after tax (PAT) of ₹16.46 crore in FY2025, reflecting its financial performance during the year. The company also recorded a significant improvement in its net worth, which increased to ₹55.37 crore in FY2025 from ₹35.63 crore in FY2024.
The increase in net worth indicates a strengthening of the company’s overall financial position during the period. Along with the reported income and profit, the growth in net worth provides investors with additional information to assess the company’s financial performance and capital position ahead of the IPO.
Acme India Industries IPO Financial Summary
| Particular | FY2024 | FY2025 |
|---|---|---|
| Total Income | ₹215.02 Cr | ₹213.45 Cr |
| PAT | ₹19.21 Cr | ₹16.46 Cr |
| EBITDA | ₹29.57 Cr | ₹28.76 Cr |
| Total Assets | ₹217.60 Cr | ₹272.45 Cr |
| Net Worth | ₹35.63 Cr | ₹55.37 Cr |
| Reserves & Surplus | ₹27.35 Cr | ₹38.58 Cr |
| Total Borrowings | ₹69.80 Cr | ₹81.17 Cr |
Acme India Industries IPO Key Performance Indicators
| KPI | 31 March 2025 |
|---|---|
| ROE | 36.17% |
| ROCE | 23.78% |
| Debt/Equity | 1.47 |
| RoNW | 29.72% |
| PAT Margin | 7.84% |
| EBITDA Margin | 13.69% |
| NAV | ₹32.99 |
Acme India Industries IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| Market Cap at Offer Price | — | ₹438.89 Cr |
Objects of Acme India Industries IPO
The company proposes to utilize the net proceeds from the IPO for working capital, repayment or pre-payment of borrowings, capital expenditure and general corporate purposes.
| No. | Issue Objects | Estimated Amount (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital Requirements | 82.50 |
| 2 | Repayment and/or Pre-payment of Borrowings | 45.00 |
| 3 | Purchase of Additional Plant & Machinery | 8.74 |
| 4 | General Corporate Purpose | Yet to be Updated |
Acme India Industries IPO Listing Performance
| Particular | Details |
|---|---|
| Listing Date | 9 October 2026 |
| Listing Exchange | BSE SME |
| Issue Price | ₹186 to ₹196 |
| Listing Price | Yet to be Updated |
| Listing Gain/Loss | Yet to be Updated |
| Listing Day Closing Price | Yet to be Updated |
Acme India Industries IPO Subscription Status
The Acme India Industries IPO opens for subscription on 30 September 2026 and closes on 6 October 2026. Subscription figures will be updated once bidding begins.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Total Subscription | To be updated |
Acme India Industries IPO GMP Today
The Acme India Industries IPO GMP (Grey Market Premium) is currently not available as a verified figure based on the supplied IPO information. GMP represents the premium or discount at which IPO shares may trade in the unofficial grey market before their official listing on the stock exchange.
Investors should note that GMP is an unofficial market indicator and is not determined or guaranteed by the company or stock exchanges. It can change frequently based on market sentiment, subscription trends, demand, and other factors. Therefore, GMP should not be considered a reliable indicator of the actual listing price or future performance of the shares.
Acme India Industries IPO GMP History
| Date | GMP | Kostak Rate | Subject to Sauda |
|---|---|---|---|
| 25 September 2026 | Yet to be Updated | Yet to be Updated | Yet to be Updated |
Acme India Industries IPO Review
Acme India Industries operates in a specialized railway rolling stock segment, providing coach furnishing, refurbishment, toilet modernization and component manufacturing services. The company has an established presence in railway-related projects and has developed in-house manufacturing capabilities for several components.
The company’s FY2025 revenue was ₹213.45 crore, while PAT was ₹16.46 crore. Its FY2025 debt-to-equity ratio was 1.47 and total borrowings stood at ₹81.17 crore. The IPO proceeds are proposed to be used significantly for working capital and repayment or pre-payment of borrowings.
The company has also disclosed a significant dependence on Indian Railways. Its DRHP states that Indian Railways accounted for 86.76% of total revenue in FY2025 and that railway-related projects are awarded through competitive bidding.
Acme India Industries IPO Strengths
- Railway Sector Experience: The company operates in railway coach furnishing, refurbishment and related services.
- Integrated Capabilities: It combines project execution with in-house component manufacturing.
- Diversified Services: Operations cover new coach furnishing, refurbishment, toilet modernization and component supply.
- Established Order Book: The company reported an order book of ₹402.08 crore as of 31 August 2025.
- Manufacturing Infrastructure: Two manufacturing units in Sonipat provide in-house production capabilities.
- Experienced Management: The company has a management team with experience in railway and rolling stock activities.
Acme India Industries IPO Risk Factors
- Dependence on Indian Railways: A significant portion of revenue is derived from Indian Railways-related business.
- Tender-Based Business: Future contracts depend on successful participation in competitive tender processes.
- High Debt/Equity: The FY2025 debt-to-equity ratio was 1.47.
- Government Policy Exposure: Changes in railway policies, spending or procurement practices could affect business operations.
- Customer Concentration: Dependence on Indian Railways creates customer-concentration risk.
- Borrowing Levels: Total borrowings increased from ₹69.80 crore in FY2024 to ₹81.17 crore in FY2025.
The DRHP specifically identifies dependence on Indian Railways and the competitive tendering process as material business risks.
Acme India Industries IPO Promoters
The promoters of Acme India Industries Limited are Suraj Pandey and Sadhvi Pandey. Promoter and promoter group holding is stated at 88.19% before the IPO and 67.57% after the IPO.
| Promoter | Status |
|---|---|
| Suraj Pandey | Promoter |
| Sadhvi Pandey | Promoter |
Acme India Industries IPO Management Team
The company’s official website lists Suraj Pandey as Managing Director and Sadhvi Pandey as Whole-Time Director. Other members of the leadership team include D K Agrawal, Ashwini Kumar Pandey, Lakshmi Raman and Devdutt Gajanan Salpekar.
| Name | Designation |
|---|---|
| Suraj Pandey | Managing Director |
| Sadhvi Pandey | Whole-Time Director |
| D K Agrawal | Chairman & Non-Executive Director |
| Ashwini Kumar Pandey | Non-Executive Director |
| Lakshmi Raman | Independent Director |
| Devdutt Gajanan Salpekar | Independent Director |
| Radheshyam Vishwakarma | Chief Financial Officer |
| Sivesh Mishra | Vice President – Operations |
| Surbhi Singh | General Manager – Global Business Growth |
| Pragati Pandey | Director – Overall Business Operations |
| Manoj Mourya | Chief Operating Officer |
Acme India Industries IPO Registrar Details
Bigshare Services Pvt. Ltd. is the registrar of the Acme India Industries IPO.
| Particular | Details |
|---|---|
| Registrar | Bigshare Services Pvt. Ltd. |
| Phone | 8657578989 / 8069219065 / 8069219060 |
| [email protected] | |
| IPO Status | ipo.bigshareonline.com |
Acme India Industries IPO Lead Manager Details
Hem Securities Ltd. is the book-running lead manager of the Acme India Industries IPO.
| Particular | Details |
|---|---|
| Lead Manager | Hem Securities Ltd. |
| Role | Book Running Lead Manager |
Acme India Industries Company Contact Details
| Particular | Details |
|---|---|
| Company Name | Acme India Industries Limited |
| Registered Office | 2nd Floor, Plot No. 34, Near Aakash Hospital, Sector-3, Dwarka, New Delhi – 110078 |
| Corporate & Communication Address | 425-426, 4th Floor, D-21, Corporate Park, Sector-21, Dwarka, New Delhi – 110077 |
| Phone | +91-11-41642215 |
| [email protected] | |
| Website | https://acmeindia.co/ |
The company’s current official website confirms the registered office and contact details.
How to Check Acme India Industries IPO Allotment Status
Check on Bigshare Services
- Visit the Bigshare IPO status portal.
- Select Acme India Industries IPO from the available issue list.
- Enter your PAN, application number or DP/Client ID.
- Submit the details to view the allotment status.
Check on BSE
- Visit the BSE IPO application-status section.
- Select Acme India Industries IPO.
- Enter the required application and PAN details.
- Submit the form to check the allotment status.
Conclusion
Acme India Industries IPO is a book-built SME IPO with a total issue size of ₹121.69 crore at the upper price band. The issue comprises a combination of a fresh issue and an Offer for Sale (OFS), providing the company with funds from the fresh issue while the OFS component allows existing shareholders to sell their holdings. The IPO price band is fixed at ₹186 to ₹196 per share, with a lot size of 600 shares. The IPO opens for subscription on 30 September 2026 and closes on 6 October 2026, with the shares proposed to be listed on the BSE SME platform on 9 October 2026.
Acme India Industries operates in the railway infrastructure segment, with business activities including railway coach furnishing, coach refurbishment, toilet modernization and manufacturing of railway components. The company caters to requirements related to railway coaches and associated infrastructure, with its operations involving the supply and execution of products and services for its customers.
The company plans to utilise the proceeds from the fresh issue primarily towards working capital requirements, repayment of debt and capital expenditure. These objectives are aimed at supporting the company’s ongoing operations, strengthening its financial position and funding its business requirements.
Investors should evaluate the Acme India Industries IPO by considering its financial performance, valuation, business model and industry environment. Factors such as customer concentration, dependence on tenders, working capital requirements and other risk factors may also affect the company’s future performance. Investors should carefully review the IPO documents and available financial information before making an investment decision.
Acme India Industries IPO FAQs
What is Acme India Industries IPO?
Acme India Industries IPO is a book-built SME IPO comprising a fresh issue and an offer for sale of equity shares.
What is the Acme India Industries IPO price band?
The price band is ₹186 to ₹196 per equity share.
What is the Acme India Industries IPO lot size?
The lot size is 600 shares. Retail investors need to apply for a minimum of 2 lots, or 1,200 shares.
What is the minimum investment in Acme India Industries IPO?
The minimum retail investment is ₹2,35,200 for 1,200 shares at the upper price of ₹196 per share.
When does Acme India Industries IPO open and close?
The IPO opens on 30 September 2026 and closes on 6 October 2026.
What is the Acme India Industries IPO GMP today?
A verified GMP figure is not available in the supplied IPO information. GMP is unofficial and may change before listing.
What is the Acme India Industries IPO allotment date?
The tentative allotment date is 7 October 2026.
What is the Acme India Industries IPO listing date?
The tentative listing date is 9 October 2026 on BSE SME.
Who is the registrar of Acme India Industries IPO?
Bigshare Services Pvt. Ltd. is the registrar of the Acme India Industries IPO.
Who is the lead manager of Acme India Industries IPO?
Hem Securities Ltd. is the book-running lead manager of the Acme India Industries IPO.
