Acme India Industries IPO
Acme India Industries IPO is a ₹121.69 crore book-built SME IPO comprising a fresh issue of 54.07 lakh shares and an offer for sale of 8.02 lakh shares.
Acme India Industries IPO Details
Acme India Industries IPO is a book-built issue of ₹121.69 crore comprising a fresh issue of 54.07 lakh shares aggregating to ₹105.98 crore and an offer for sale of 8.02 lakh shares aggregating to ₹15.71 crore. The IPO opens for subscription on September 30, 2026, and closes on October 6, 2026. The price band is fixed at ₹186 to ₹196 per share, with a market lot of 600 shares. The minimum retail application is 1,200 shares, requiring ₹2,35,200 at the upper price band. The IPO is proposed to be listed on BSE SME on October 9, 2026. Acme India Industries operates in the Indian railway rolling stock sector and provides railway coach interior furnishing, refurbishment, upgradation, conversion and toilet facility solutions.
Acme India Industries IPO GMP
The current grey market premium for Acme India Industries IPO is ₹0 as of September 25, 2026. GMP is an unofficial and unregulated indicator and may change before listing. It should not be treated as a guarantee of the actual listing price.
Acme India Industries IPO Timeline (Tentative)
Acme India Industries IPO is scheduled to open on September 30, 2026, and close on October 6, 2026. The basis of allotment is expected on October 7, followed by refunds and credit of shares to demat accounts on October 8. The shares are scheduled to list on BSE SME on October 9, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Sep 30, 2026 |
| IPO Close Date | Tue, Oct 6, 2026 |
| Basis of Allotment | Wed, Oct 7, 2026 |
| Initiation of Refunds | Thu, Oct 8, 2026 |
| Credit of Shares to Demat | Thu, Oct 8, 2026 |
| Listing Date | Fri, Oct 9, 2026 |
| IPO Opens | September 30, 2026 |
| IPO Closes | October 6, 2026 |
| Basis of Allotment | October 7, 2026 |
| Refund Initiation | October 8, 2026 |
| Credit of Shares to Demat | October 8, 2026 |
| Listing Date | October 9, 2026 |
Acme India Industries IPO Lot Size
Investors can bid for a minimum of 1,200 shares, equivalent to 2 lots, and thereafter in multiples of 600 shares. At the upper price band of ₹196 per share, the minimum retail application amount is ₹2,35,200. S-HNI investors need to apply for a minimum of 3 lots, or 1,800 shares, requiring ₹3,52,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,35,200 |
| Retail (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 |
Acme India Industries IPO Reservation
Acme India Industries IPO comprises a total issue size of 62,08,800 shares. After excluding 3,14,400 shares reserved for the market maker, the net offer to the public comprises 58,94,400 shares. QIB investors are allocated 29,44,800 shares, NII investors 8,85,600 shares and retail investors 20,64,000 shares.
Acme India Industries IPO Subscription
The Acme India Industries IPO is scheduled to open for subscription on September 30, 2026. Subscription figures are not available before the issue opens.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Acme India Industries
Incorporated in December 2021, Acme India Industries Limited operates in the Indian railway rolling stock sector. The company focuses on the design, manufacture, supply, installation and warranty maintenance of railway coach interiors and components.
Acme India Industries provides turnkey furnishing solutions for new railway coaches, refurbishment and upgradation of existing coaches, conversion of old coaches and modernization of toilet facilities. Its product portfolio includes Braille signage, FRP products, sanitary ware, epoxy flooring, decorative glass FRP, toilet and compartment doors, seats and berths, fire barrier coatings and hygiene-related products.
Since 2017, the company has completed 28 turnkey furnishing projects covering 1,610 coaches. It has also refurbished and upgraded 1,888 coaches and completed 10,948 toilet upgrades as of June 30, 2026.
The company operates across 16 railway zones through three production units and two mid-life rehabilitation units. Its manufacturing facility in Sonipat, Haryana, covers more than 92,000 square feet and includes laboratory and testing facilities.
Acme India Industries executes projects across major railway production facilities including the Modern Coach Factory in Raebareli, Integral Coach Factory in Chennai and Rail Coach Factory in Kapurthala. The company is ISO 9001:2015 and ISO 15085 certified and is empanelled as a Business Associate under a Navratna PSU of the Government of India.
The company primarily follows a tender-based business model, with tender activities undertaken through the Indian Railways e-Procurement System. Its projects cover multiple coach variants, including LHB coaches, Vande Bharat and other self-propelled units.
As of June 30, 2026, the company had 43 employees across administration, business development, design and new product development, finance, operations, production, project management, supply chain and other functions.
Strengths
- Multiple global tie-ups and representations.
- Healthy order book supporting business visibility.
- Experienced promoters and management team with railway-sector domain knowledge.
- Established presence in the Indian railway sector.
- Diversified range of railway products and services under one roof.
- Integrated manufacturing facility at a strategically favourable location.
- Manufacturing facilities equipped with machinery and equipment from reputed domestic and global players.
Risks to Consider
- The company's business is substantially dependent on Indian Railways and railway-related tenders.
- The tender-based business model exposes the company to competition and tender-related uncertainties.
- Delays in project execution or completion could affect revenue and profitability.
- Dependence on government and railway projects may result in fluctuations in order inflows.
- The company operates in a competitive railway equipment and coach furnishing industry.
- Working capital requirements may remain significant due to the nature of project execution.
- Any delay in payments from customers could affect cash flows and liquidity.
Acme India Industries Financials (₹ Cr)
Acme India Industries reported total income of ₹215.02 crore in FY2024, ₹213.45 crore in FY2025 and ₹267.89 crore in FY2026. Profit after tax stood at ₹19.21 crore, ₹16.46 crore and ₹24.36 crore respectively during the same periods. Total assets increased from ₹217.60 crore in FY2024 to ₹382.79 crore in FY2026, while net worth increased to ₹103.55 crore.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2026 | ₹267.89 Cr | ₹24.36 Cr | ₹382.79 Cr | ₹103.55 Cr |
| FY2025 | ₹213.45 Cr | ₹16.46 Cr | ₹272.45 Cr | ₹55.37 Cr |
| FY2024 | ₹215.02 Cr | ₹19.21 Cr | ₹217.60 Cr | ₹35.63 Cr |
KPIs & Valuation
At the IPO price band of ₹186 to ₹196, Acme India Industries has a pre-issue P/E of 14.54x and a post-issue P/E of 18.88x at the upper price. The company reported ROE of 30.65%, ROCE of 23.20%, RoNW of 23.52% and EBITDA margin of 15.10% for FY2026.
Objects of the Issue
The company intends to utilise the net proceeds from the fresh issue for the following purposes:
- Funding the working capital requirements of the company.
- Repayment and/or prepayment, in full or in part, of borrowings availed by the company.
- Funding capital expenditure towards the purchase of additional plant and machinery.
- General corporate purposes.
Promoters, Lead Managers & Registrar
Acme India Industries Limited is promoted by Suraj Pandey and Sadhvi Pandey. Hem Securities Ltd. is the Book Running Lead Manager to the issue, while Bigshare Services Pvt. Ltd. is the Registrar to the Issue. Hem Finlease Pvt. Ltd. is the market maker for the IPO.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Pvt. Ltd. |
|---|---|
| Phone | 8657578989 / 8069219065 / 8069219060 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
Acme India Industries IPO Review
Acme India Industries operates in the railway coach interior furnishing and railway rolling stock support segment, with capabilities spanning design, manufacturing, installation, refurbishment and maintenance. The company has executed projects across multiple railway zones and coach categories.
The company's total income increased from ₹215.02 crore in FY2024 to ₹213.45 crore in FY2025 and further to ₹267.89 crore in FY2026. Profit after tax increased from ₹19.21 crore in FY2024 to ₹16.46 crore in FY2025 and ₹24.36 crore in FY2026.
At the upper IPO price of ₹196, the company has a pre-issue P/E of 14.54x based on FY2026 EPS of ₹13.48 and a post-issue P/E of 18.88x based on post-issue EPS of ₹10.38. Investors may consider the company's order book, railway-sector dependence, tender-based business model, financial performance, debt position and IPO valuation while reviewing the issue.
How to Apply
Acme India Industries IPO applications can be made through ASBA or UPI-enabled IPO application facilities. Investors should check their eligibility, application size, bid details and UPI mandate before submitting the application.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Acme India Industries IPO.
- Enter the number of lots you want to apply for.
- Select the bid price within the IPO price band.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to the company's RHP and other offer documents for detailed information about the business, financial performance, risk factors, IPO structure and utilisation of the issue proceeds.
Last updated Sep 25, 2026.