Acme India Industries IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 137.93x |
| NII | 196.27x |
| sNII (₹2L–₹10L) | 106.29x |
| bNII (above ₹10L) | 241.67x |
| Retail (RII) | 85.5x |
| Total | 124.23x |
Bidding day 7 · final figures at close of bidding: 9 Oct 2026, 6:30 pm IST
IPO Details
- Open Date
- 30 Sept 2026
- Close Date
- 6 Oct 2026
- Listing Date
- 9 Oct 2026
- Face Value
- ₹10
- Fresh Issue
- ₹99.82 Cr
- OFS
- ₹15.71 Cr
- Listing On
- BSE
- Registrar
- Bigshare Services
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,35,200 |
| HNI (Min) | 3 | 1,800 | ₹3,52,800 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 17,65,800 | 29.96% |
| QIB (ex-anchor) | 11,79,000 | 20% |
| NII | 8,85,600 | 15.02% |
| — sNII (< ₹10L) | 2,97,000 | 5.04% |
| — bNII (> ₹10L) | 5,88,600 | 9.99% |
| Retail | 20,64,000 | 35.02% |
| Total | 58,94,400 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 215.02 | 19.21 | 29.57 | 35.63 | 217.6 | 69.8 | — |
| FY 2025 | 213.45 | 16.46 | 28.76 | 55.37 | 272.45 | 81.17 | — |
| FY 2026 | 267.89 | 24.36 | 39.82 | 103.55 | 382.79 | 85.18 | 13.48 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 14.54x
- P/E (post-issue)
- 18.88x
- RoNW
- 23.52%
- RoE
- 30.65%
- RoCE
- 23.2%
- Debt / Equity
- 0.82
- EPS (pre-issue)
- ₹13.48
- EPS (post-issue)
- ₹10.38
- EBITDA Margin
- 15.1%
- PAT Margin
- 9.24%
- P/BV
- 3.27x
- NAV / share
- ₹59.94
- Market Cap
- ₹460.06 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding to meet working capital requirements | ₹38 Cr |
| Repayment and/or pre-payment, in full or part, of borrowing availed by Company | ₹41 Cr |
| Funding Capital Expenditure towards purchase of additional plant & machinery | ₹6.27 Cr |
| General Corporate Purposes | ₹1.46 Cr |
| Issue Expenses | ₹22.1 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees and commissions payable to the BRLM (including any underwriting commission, brokerage, and selling commission | ₹10.48 Cr |
| Fees Payable to Registrar to the Issue | ₹0.03 Cr |
| Fees Payable for Advertising, Publishing Expenses | ₹0.09 Cr |
| Payment for Printing & Stationery, Postage | ₹0.01 Cr |
| Fees Payable to Regulators including Stock Exchange and other Intermediaries | ₹0.31 Cr |
| Fees Payable to Auditor, Legal Advisors, Chartered Engineer, Monitoring Agency and legal search report | ₹0.44 Cr |
| Fees payable for Marketing & distribution expenses Selling Commission, Brokerage, Processing Fees | ₹10.75 Cr |
Promoters & Shareholding
Promoters: <p>Suraj Pandey, Sadhvi Pandey</p>
- Holding (pre-issue)
- 88.19%
- Holding (post-issue)
- 64.46%
- Dilution
- 23.73%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| MOTILAL OSWAL FINVEST LTD. | Other | 4,33,800 | ₹196 | 8.5 | 24.57% |
| SANSHI FUND-I | Other | 3,57,600 | ₹196 | 7.01 | 20.25% |
| HEM GROWTH OPPORTUNITIES FUND | Other | 2,04,600 | ₹196 | 4.01 | 11.59% |
| FINAVENUE CAPITAL TRUST-FINAVENUE GROWTH FUND | Other | 1,66,200 | ₹196 | 3.26 | 9.41% |
| 360 ONE PRIME LTD. | Other | 1,23,000 | ₹196 | 2.41 | 6.97% |
| VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES | FII/FPI | 97,200 | ₹196 | 1.91 | 5.5% |
| LRSD SECURITIES PVT.LTD. | Other | 73,800 | ₹196 | 1.45 | 4.18% |
| FLUMEN INVESTMENT TRUST-1729 GROWTH FUND I | Other | 51,600 | ₹196 | 1.01 | 2.92% |
| SAINT CAPITAL FUND | Other | 51,600 | ₹196 | 1.01 | 2.92% |
| SB OPPORTUNITIES FUND II | Other | 51,600 | ₹196 | 1.01 | 2.92% |
| SHINE STAR BUILD-CAP PVT.LTD. | Other | 51,600 | ₹196 | 1.01 | 2.92% |
| TATTVAM AIF TRUST-Aanjay Ageless AIF Fund | Other | 51,600 | ₹196 | 1.01 | 2.92% |
| VARANIUM DYNAMIC TRUST-VARANIUM EMERGING FUND | Other | 51,600 | ₹196 | 1.01 | 2.92% |
Anchor bidding took place on 29 Sept 2026. Anchor lock-in: 50% of shares unlock on 5 Nov 2026, the remainder on 4 Jan 2027.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Acme India Industries IPO
The Acme India Industries SME IPO is open between 30 Sept 2026 and 6 Oct 2026, offered at a price band of ₹186–196 per share, and is set to list on BSE. The IPO seeks to raise ₹121.69 crore. Retail investors bid in lots of 600 shares, a minimum application of ₹2,35,200.
Issue structure
The offer combines a fresh issue of ₹99.82 crore with an offer for sale (OFS) of ₹15.71 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward repayment and/or pre-payment, in full or part, of borrowing availed by company (₹41 crore), alongside funding to meet working capital requirements (₹38 crore). In all, 5 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Acme India Industries reported revenue of ₹267.89 crore and a net profit of ₹24.36 crore. Revenue grew from ₹215.02 crore in FY2024 to ₹267.89 crore in FY2026 (+25.0%). Net worth stood at ₹103.55 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.5× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 18.88× post-issue earnings and 3.27× book value, against a return on net worth of 23.52% and a debt-to-equity ratio of 0.82. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Suraj Pandey, Sadhvi Pandey</p>. Promoter holding stands at 88.19% before the issue and comes down to 64.46% after listing.
Grey market premium (GMP)
In the unofficial grey market, Acme India Industries shares are quoted at a premium of ₹43 implying an expected listing around ₹239, about +21.9% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Acme India Industries IPO was subscribed 124.23 times overall. The strongest demand came from non-institutional investors (NII) at 196.27 times, with qualified institutional buyers (QIB) at 137.93× and retail investors at 85.5×.
Listing performance
Acme India Industries listed on 9 Oct 2026 at ₹221, a premium of +12.8% over the issue price of ₹196.
What to weigh
When evaluating the Acme India Industries IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Acme India Industries
Acme India is engaged in the Indian railway rolling stock sector, with a strong focus on designing, manufacturing, and maintaining railway coach interiors. The company works mainly through government tenders and provide turnkey solutions for furnishing new railway coaches, refurbishing old ones, and upgrading coach toilets. It also manufacture and supply various components to Indian Railways, ensuring our products meet their standards for comfort, safety, hygiene, and functionality. Service offerings: Turnkey Coach Furnishing: Design and install interiors for new railway coaches including LHB coaches, Vande Bharat trains, inspection and overhead equipment coaches. Since 2017, it has delivered 1,610 new coaches. Refurbishment & Upgradation: We upgrade both LHB and ICF coaches by replacing old parts and redesigning interiors. Since 2018, it has refurbished 1,888 coaches. Toilet Modernization: The company has successfully completed over 10,948 toilet upgrades in LHB and ICF coaches, focusing on hygiene and passenger comfort. Component Supply: It regularly supply products like Braille signage, FRP and aluminum polymer composite sanitary ware, Epoxy flooring, FRP doors, seat and berth components, Hygiene products (soap dispensers, odor control systems), Fire-retardant decorative coatings, andVacuum circuit breakers The company operates two manufacturing units in Sonipat, Haryana, covering 116,000 sq. ft., with in-house lab and testing facilities. Modern Coach Factory, Raebareli, North Eastern Railway, Gorakhpur, and Northern Western Railway, Jodhpur are some of the notable projects. As on August 31, 2025, the company’s order book stood at Rs 40,208.20 lakhs. Competitive Strengths Established market presence in Indian railway sector Diversified range of products and services under one roof Healthy portfolio of order book Experienced Promoters with strong management team having domain knowledge Multiple Global Tie ups and representations Fully integrated manufacturing plant set up
Acme India Industries — Contact Details
- Registered office
- Plot No-34,, Second Floor Dwarka Sector 3,, Delhi, New Delhi, 110078
- Phone
- +91-11-41642215
- cs@acmeindia.co
- Website
- acmeindia.co/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Acme India Industries IPO price band?
- The Acme India Industries IPO price band is ₹186 to ₹196 per share, with a lot size of 600 shares.
- What was the Acme India Industries IPO GMP before listing?
- The final grey market premium recorded before the Acme India Industries IPO listed was ₹43. The IPO listed on 9 Oct 2026 at ₹221, +12.8% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Acme India Industries IPO open and close?
- The Acme India Industries IPO opens on 30 Sept 2026 and closes on 6 Oct 2026.
- When is the Acme India Industries IPO allotment and listing date?
- Allotment is expected on 7 Oct 2026. The shares are scheduled to list on 9 Oct 2026 on BSE.
- How many times was the Acme India Industries IPO subscribed?
- The Acme India Industries IPO was subscribed 124.23 times in total across all investor categories.
- What is the reservation split in the Acme India Industries IPO?
- Of the total shares offered, retail investors get 35.02%, QIBs 20% (plus 29.96% anchor), non-institutional investors 15.02%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Acme India Industries and what is their holding?
- The promoters are <p>Suraj Pandey, Sadhvi Pandey</p>. Promoter holding is 88.19% before the issue and 64.46% after listing.
- What is the P/E ratio of the Acme India Industries IPO?
- At the upper price band, the Acme India Industries IPO is valued at 14.54× pre-issue earnings and 18.88× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Acme India Industries IPO?
- The net proceeds go primarily toward repayment and/or pre-payment, in full or part, of borrowing availed by company, among 5 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Acme India Industries IPO?
- The book-running lead manager is Hem Securities Ltd.. Bigshare Services is the registrar to the issue.
- Is Acme India Industries a Mainboard or SME IPO?
- Acme India Industries is an SME IPO, listing on BSE (SME platform).