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Acme India Industries IPO
📅 Founded: 2021
📍 New Delhi
📋 Face Value: ₹10
🏦 Market Cap: ₹460 Cr
Price Band
₹186 – ₹196
Issue Size
₹121.69 Cr
Lot Size
600 shares
Min. Investment
₹2,35,200
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
09 Oct 2026
Registrar
Bigshare Services
Acme India Industries IPO at a glance
Acme India Industries IPO was an SME issue of ₹121.69 Cr at a price band of ₹186 – ₹196 per share, open from 30 Sep 2026 to 06 Oct 2026. The shares listed on BSE SME on 09 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹105.98 Cr
Offer for Sale (OFS)₹15.71 Cr
Total Issue Size₹121.69 Cr
Face Value₹10
Market Cap (at issue)₹460 Cr
Listing ExchangeBSE SME
📅 Open Date30 Sep 2026
🔒 Close Date06 Oct 2026
✂️ Cut-off Price Date06 Oct 2026
🎟️ Allotment Date07 Oct 2026
💸 Refund Initiation08 Oct 2026
📂 Demat Credit08 Oct 2026
📈 Listing Date09 Oct 2026
Objects of the Issue
- 💰 Working capital — ₹38.00 Cr
- 💰 Repayment/prepayment of borrowings — ₹41.00 Cr
- 💰 Plant and machinery — ₹6.27 Cr
- 💰 General corporate purposes
About the Company
Acme India Industries, incorporated in December 2021 and based in New Delhi, designs, makes, installs and maintains interiors for railway coaches. Its turnkey work covers coach furnishing, refurbishment and upgrades, and toilet modernisation, and its product range includes FRP panels, seats and berths, doors, sanitary ware, epoxy flooring, decorative glass, Braille signage and fire-barrier coatings.
Strengths
- ✅ Focused on railway coach interiors, a segment supported by Indian Railways' ongoing coach upgrade programmes
- ✅ Offers design, supply, installation and warranty maintenance as one package
- ✅ Order book gives some visibility on upcoming revenue
- ✅ FY26 PAT rose to ₹24.4 Cr from ₹16.5 Cr in FY25
Risk Factors
- ⚠️ Depends heavily on railway spending and tender outcomes
- ⚠️ Borrowings of about ₹85 Cr; around ₹41 Cr of the IPO money goes to repaying debt and ₹38 Cr to working capital
- ⚠️ Income was flat between FY24 and FY25 before rising in FY26
- ⚠️ A relatively new company (incorporated 2021), though it operates in an established segment
- ⚠️ SME listing — trading can be thin after listing
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
88.19%
Pre-IPO
→ -23.7%
64.46%
Post-IPO
Founders & Leadership
SP
Suraj Pandey
Promoter
One of the company's promoters
SP
Sadhvi Pandey
Promoter
One of the company's promoters
IPO Timeline
✓
Open Date
30 Sep 2026
✓
Close Date
06 Oct 2026
✓
Allotment Date
07 Oct 2026
✓
Listing Date
09 Oct 2026
Key Financials
Revenue₹268 Cr
PAT₹24.4 Cr
EPS₹10.38
P/E Ratio18.88x
ROE23.52%
Market Cap₹460 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 267.89 | 213.45 | 215.02 |
| Profit After Tax | 24.36 | 16.46 | 19.21 |
| Net Worth | 103.55 | 55.37 | 35.63 |
| Total Borrowing | 85.18 | 81.17 | 69.80 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 23.52 | 29.73 |
| Debt / Equity | 0.82 | 1.47 |
| Net Worth (Rs. Cr) | 103.55 | 55.37 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹10.38 | — |
| P/E (x) | 18.88x | — |
| ROE (%) | 23.52% | — |
| Promoter Holding | 88.19% | 64.46% |
| Market Cap | ₹460 Cr | |
IPO Registrar
Acme India Industries IPO FAQs
Acme India Industries IPO is an SME IPO with an issue size of ₹121.69 Cr at a price band of ₹186 – ₹196. Minimum lot size is 600 shares and the minimum application is 2 lots (minimum investment ~₹2,35,200). Opened on 30 Sep 2026 and closed on 06 Oct 2026. Listed on BSE SME. Registrar: Bigshare Services.