Acme India Industries IPO
Updated 25 Sept 2026, 6:50 pm.
Minimum investment (Individual investors (IND))
₹2,35,200
2 lots · 1,200 shares at the upper price band
Price band
₹186–196
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹115.53 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹186–196
- Issue size
- ₹115.53 Cr
- Lot size
- 600
- Opens
- 30 Sept 2026
- Closes
- 6 Oct 2026
- Allotment
- 7 Oct 2026
- Listing
- 9 Oct 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Bigshare Services Pvt.Ltd.
- Minimum investment
- ₹2,35,200 (2 lots · 1,200 shares)
- Face value
- ₹10 per share
- Issue type
- Bookbuilding IPO
- Sale type
- Fresh capital cum OFS
- Offer for sale
- ₹16 Cr
- Listing at
- BSE SME
- Refunds
- 8 Oct 2026
- Shares credited
- 8 Oct 2026
- Promoter holding
- 88.19% before · 67.57% after
- Lead managers
- Hem Securities Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 25 Sept 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 30 Sep to 6 Oct, 2026 |
|---|---|
| Listing Date | Fri, Oct 9, 2026 T |
| Face Value | ₹ 10 per share |
| Price Band | ₹186 to ₹196 |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 62,08,800 shares (agg. up to ₹ 122 Cr) |
|---|---|
| Reserved for Market Maker | 3,14,400 shares (agg. up to ₹ 6 Cr) |
| Fresh Issue (Ex Market Maker) | 50,92,800 shares (agg. up to ₹ 100 Cr) |
| Offer for Sale | 8,01,600 shares of ₹ 10 (agg. up to ₹ 16 Cr) |
| Net Offered to Public | 58,94,400 shares (agg. up to ₹ 116 Cr) |
| Share Holding Pre Issue | 1,69,85,000 shares |
| Share Holding Post Issue | 2,23,92,200 shares |
IPO Timetable (Tentative)
- IPO Open
- Wed, Sep 30, 2026
- IPO Close
- Tue, Oct 6, 2026
- Allotment
- Wed, Oct 7, 2026
- Refund
- Thu, Oct 8, 2026
- Credit of Shares
- Thu, Oct 8, 2026
- Listing
- Fri, Oct 9, 2026
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Offer |
| NII | Not less than 15% of the Net Offer |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,35,200 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,35,200 |
| S-HNI (Min) | 3 | 1800 | ₹3,52,800 |
| S-HNI (Max) | 8 | 4800 | ₹9,40,800 |
| B-HNI (Min) | 9 | 5400 | ₹10,58,400 |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
IPO Subscription Details
About Acme India Industries Ltd.
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
Company Financials (Restated Consolidated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 272.45 | 217.60 |
| Total Income | 213.45 | 215.02 |
| Profit After Tax | 16.46 | 19.21 |
| EBITDA | 28.76 | 29.57 |
| NET Worth | 55.37 | 35.63 |
| Reserves and Surplus | 38.58 | 27.35 |
| Total Borrowing | 81.17 | 69.80 |
| Amount in ₹ Crore |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding to meet working capital requirements | 82.50 |
| 2 | Repayment and/or pre-payment, in full or part, of borrowing availed by our Company | 45.00 |
| 3 | Funding Capital Expenditure towards purchase of additional plant & machinery | 8.74 |
| 4 | General Corporate Purpose | — |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 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 |
| Price to Book Value | 5.94 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.69 | 7.35 |
| P/E (x) | 20.23 | 26.67 |
| Market Cap at Offer Price | ₹332.91 Cr. | ₹438.89 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group88.19%
- Public11.81%
Post IPO
- Promoter and Promoter Group67.57%
- Public32.43%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 88.19% | 67.57% |
| Public | 11.81% | 32.43% |
| Total | 100% | 100% |
Company Promoters: Suraj Pandey and Sadhvi Pandey.
Offer For Sale - Selling Shareholder
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Suraj Pandey | Promoter | 8,01,600 | 15.71 |
| Total | — | 8,01,600 | 15.71 |
Acme India Industries IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Registrar
Bigshare Services Pvt.Ltd.
8657578989/8069219065/8069219060
ipo@bigshareonline.com
IPO Lead Manager(s)
Hem Securities Ltd.
Contact Details
Acme India Industries Ltd. Address
Plot No-34,
Second Floor Dwarka Sector 3,
Delhi, New Delhi , 110078
+91-11-41642215
cs@acmeindia.co
Acme India Industries IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
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Acme India Industries: common questions
Answered from this issue's own record.
