Acme Universal Safezone 9 IPO

The Acme Universal Safezone 9 SME IPO is open between 28 Sept 2026 and 30 Sept 2026, offered at a price band of ₹65–71 per share, and is set to list on BSE. The IPO seeks to raise ₹35.93 crore. Retail investors bid in lots of 1600 shares, a minimum application of ₹2,27,200.

Issue structure

The IPO is structured entirely as a fresh issue of ₹34.13 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding capital expenditure requirements towards installation of additional machinery (₹8.96 crore), alongside funding incremental working capital requirements of the company (₹8 crore). In all, 4 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Acme Universal Safezone 9 reported revenue of ₹211.16 crore and a net profit of ₹5.86 crore. Revenue grew from ₹181.67 crore in FY2024 to ₹211.16 crore in FY2026 (+16.0%). Net worth stood at ₹52.77 crore at the end of FY2026. At the upper band, that puts the issue at roughly 17.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 23.13× post-issue earnings and 1.89× book value, against a return on net worth of 11.75% and a debt-to-equity ratio of 1.1. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Liberty Shoes Ltd and Mallcom (india) Ltd, with a median peer P/E of about 40.8×. The issue's own post-issue P/E works out to 23.13×.

Promoters

The promoters of the company are <p>Nitin Tiwari, Ruchi Tiwari</p>. Promoter holding stands at 94.88% before the issue and comes down to 69.73% after listing.

Grey market premium (GMP)

In the unofficial grey market, Acme Universal Safezone 9 shares are quoted at a premium of ₹15 implying an expected listing around ₹86, about +21.1% 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 Universal Safezone 9 IPO was subscribed 23.41 times overall. The strongest demand came from non-institutional investors (NII) at 31.98 times, with qualified institutional buyers (QIB) at 31.29× and retail investors at 15.23×.

Listing performance

Acme Universal Safezone 9 listed on 6 Oct 2026 at ₹101, a premium of +42.3% over the issue price of ₹71.

What to weigh

When evaluating the Acme Universal Safezone 9 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 Universal Safezone 9

Acme Universal Safezone 9 Limited is engaged in the manufacturing and distribution of industrial safety footwear under its flagship brand, &ldquo;ACME.&rdquo; Operating within the Personal Protective Equipment (PPE) industry, the Company provides a comprehensive range of safety shoes designed to meet the requirements of sectors such as construction, oil and gas, mining, automotive, pharmaceuticals, chemicals, foundries, and power generation. Its product portfolio includes EVA-Rubber, Nitrile Rubber, and PVC-based safety footwear that conforms to recognized Indian and international standards, including IS 15298, EN ISO 20345, ASTM F2413, and SEDEX SMETA. The Company operates five manufacturing facilities located across Madhya Pradesh and Uttar Pradesh, supported by modern production infrastructure and technology-enabled operations. Its manufacturing and business processes are integrated through advanced digital platforms, including SAP S/4 HANA ERP, ICad3D design software, customer relationship management (CRM) systems, and human resource management solutions, enabling efficient production planning, product development, and operational control. Acme Universal Safezone 9 serves a diverse customer base through multiple sales channels, including institutional customers, distributors, dealers, e-commerce platforms, and export markets. The Company has established an international presence, supplying products to countries such as the United Arab Emirates, Saudi Arabia, Bahrain, Nigeria, Israel, the Netherlands, Hong Kong, Cameroon, and Mauritius. The Company&rsquo;s growth strategy is driven by a focus on product innovation, technology-led manufacturing, adherence to global quality standards, and the expansion of its domestic and international market reach. Competitive Strengths Extensive manufacturing capacity supported by five strategically located production facilities. Technology-driven operations enabled by advanced ERP systems, digital product design tools, and process automation. Broad portfolio of industrial safety footwear meeting stringent domestic and international quality standards. Well-established distribution network, export footprint, and long-standing relationships with institutional and industrial customers.