SME
    listed

    Acme India Industries IPO

    Updated 11 Nov 2026, 6:45 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,35,200

    2 lots · 1,200 shares at the upper price band

    Price band

    ₹196

    Latest GMP

    ₹43

    +21.9% of the ₹196 upper band

    Est. listing price

    —

    Issue size

    ₹115.53 Cr

    Allotment status

    Check it on the registrar's page or either exchange with your PAN or application number.

    1. Allotment finalised7 Oct 2026(done)
    2. Refunds start8 Oct 2026(done)
    3. Shares credited to demat8 Oct 2026(done)
    4. Listing9 Oct 2026(done)

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    ObservedGMPEst. listing price
    2 Nov 2026, 8:45 am₹43—
    31 Oct 2026, 1:45 pm₹43—
    31 Oct 2026, 8:50 am₹43—
    31 Oct 2026, 8:45 am₹43—
    30 Oct 2026, 8:45 am₹43—
    27 Oct 2026, 3:47 pm₹43—
    9 Oct 2026, 8:50 am₹33₹229
    9 Oct 2026, 8:45 am₹33₹229
    8 Oct 2026, 6:50 pm₹35—
    8 Oct 2026, 6:45 pm₹33₹229
    8 Oct 2026, 1:50 pm₹40—
    8 Oct 2026, 1:45 pm₹59₹255
    8 Oct 2026, 8:50 am₹59—
    8 Oct 2026, 8:45 am₹59₹255
    7 Oct 2026, 6:50 pm₹68—
    7 Oct 2026, 6:45 pm₹65₹261
    7 Oct 2026, 1:50 pm₹68—
    7 Oct 2026, 1:45 pm₹65₹261
    7 Oct 2026, 8:50 am₹65—
    7 Oct 2026, 8:45 am₹65₹261
    6 Oct 2026, 6:50 pm₹67—
    6 Oct 2026, 6:45 pm₹40₹236
    6 Oct 2026, 1:50 pm₹40₹236
    6 Oct 2026, 1:45 pm₹40₹236
    6 Oct 2026, 8:50 am₹40₹236
    6 Oct 2026, 8:45 am₹40₹236
    5 Oct 2026, 6:50 pm₹31—
    5 Oct 2026, 6:45 pm₹30₹226
    5 Oct 2026, 1:50 pm₹30—
    5 Oct 2026, 1:45 pm₹30₹226
    5 Oct 2026, 11:31 am₹30₹226
    5 Oct 2026, 8:50 am₹30₹226
    5 Oct 2026, 8:45 am₹30₹226
    3 Oct 2026, 10:44 pm₹25₹221
    3 Oct 2026, 6:50 pm₹30—
    3 Oct 2026, 1:50 pm₹30—
    3 Oct 2026, 8:50 am₹25—
    2 Oct 2026, 6:50 pm₹25—
    2 Oct 2026, 1:50 pm₹25—
    2 Oct 2026, 8:50 am₹25₹221
    2 Oct 2026, 8:45 am₹25₹221
    1 Oct 2026, 6:50 pm₹28₹226
    1 Oct 2026, 6:45 pm₹30₹226
    1 Oct 2026, 1:50 pm₹30₹226
    1 Oct 2026, 1:45 pm₹30₹226
    1 Oct 2026, 8:50 am₹30—
    30 Sept 2026, 6:50 pm₹30₹226
    30 Sept 2026, 6:45 pm₹30₹226
    30 Sept 2026, 1:50 pm₹30₹226
    30 Sept 2026, 1:45 pm₹30₹226
    29 Sept 2026, 6:50 pm₹30₹226
    29 Sept 2026, 6:45 pm₹30₹226
    29 Sept 2026, 1:50 pm₹30₹226
    29 Sept 2026, 1:45 pm₹30₹226
    29 Sept 2026, 8:50 am₹30₹226
    29 Sept 2026, 8:45 am₹30₹226
    28 Sept 2026, 6:50 pm₹30₹226
    28 Sept 2026, 6:45 pm₹30₹226
    28 Sept 2026, 1:50 pm₹30₹226
    28 Sept 2026, 1:45 pm₹30₹226
    28 Sept 2026, 8:50 am₹30₹226
    28 Sept 2026, 8:45 am₹30₹226

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹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 · 64.46% after
    Lead managers
    Hem Securities Ltd.

    Subscription by category

    As of 6 Oct 2026, 5:54 pm.

    Total subscription

    124.23x

    Qualified Institutional137.93×
    Non Institutional196.27×
    Retail Individual85.50×

    Full issue details

    Details as published for this issue, read 8 Oct 2026, 9:05 am. Verify against the RHP before applying.

    IPO Details

    IPO Date30 Sep to 6 Oct, 2026
    Listing DateFri, Oct 9, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band₹186 to ₹196
    Issue Price₹196 per share
    Lot Size600 Shares
    Sale TypeFresh capital cum OFS
    Issue TypeBookbuilding IPO
    Listing AtBSE SME
    Total Issue Size62,08,800 shares (agg. up to ₹ 122 Cr)
    Reserved for Market Maker3,14,400 shares (agg. up to ₹ 6 Cr) Hem Finlease Pvt.Ltd.
    Fresh Issue (Ex Market Maker)50,92,800 shares (agg. up to ₹ 100 Cr)
    Offer for Sale8,01,600 shares of ₹ 10 (agg. up to ₹ 16 Cr)
    Net Offered to Public58,94,400 shares (agg. up to ₹ 116 Cr)
    Share Holding Pre Issue1,80,65,000 shares
    Share Holding Post Issue2,34,72,200 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

    • QIB47.43%
    • NII (HNI)14.26%
    • Retail33.24%
    • Market Maker5.06%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares% of Net Issue% of Total Issue
    QIB29,44,80049.96%47.43%
    - Anchor Investor17,65,800—28.44%
    - QIB (Ex. Anchor)11,79,000—18.99%
    NII (HNI)8,85,60015.02%14.26%
    - bNII > ₹10L5,88,600—9.48%
    - sNII < ₹10L2,97,000—4.78%
    Retail20,64,00035.02%33.24%
    Firm Reservations
    Market Maker3,14,400—5.06%
    Total62,08,800100.00%100.00%

    Acme India Industries IPO comprises a total issue size of 62,08,800 shares. The net offer to the public is 58,94,400 shares, after excluding 3,14,400 shares allotted on a firm basis. Of the Net offer 29,44,800 (49.96%) are allocated to QIB , 8,85,600 (15.02%) allocated to NII 20,64,000 (35.02%) allocated to RII .

    IPO Lot Size

    Individual investors (IND) (Min)₹2,35,200
    Individual investors (IND) (Max)₹2,35,200
    S-HNI (Min)₹3,52,800
    S-HNI (Max)₹9,40,800
    B-HNI (Min)₹10,58,400
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)21,200₹2,35,200
    Individual investors (IND) (Max)21,200₹2,35,200
    S-HNI (Min)31,800₹3,52,800
    S-HNI (Max)84,800₹9,40,800
    B-HNI (Min)95,400₹10,58,400

    Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.

    IPO Anchor Investors

    Bid DateTue, Sep 29, 2026
    Shares Offered17,65,800
    Anchor Portion (₹ Cr.)34.61
    Anchor lock-in period end date for 50% shares (30 Days)Fri, Nov 6, 2026
    Anchor lock-in period end date for remaining shares (90 Days)Tue, Jan 5, 2027

    Acme India Industries IPO raises ₹ 34.61 crore from anchor investors . Acme India Industries IPO Anchor bid date is September 29, 2026 .

    📝 Anchor Investors Letter (PDF)

    About Acme India Industries Ltd.

    Incorporated in December 2021, Acme India Industries Limited is engaged in the Indian railway rolling stock sector, focusing on the design, manufacture, supply, installation and warranty maintenance of railway coach interiors and components. The Company provides turnkey furnishing solutions for new railway coaches, refurbishment, upgradation and conversion of old coaches, and modernization of toilet facilities. It manufactures and supplies products including 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, while it has refurbished and upgraded 1,888 coaches and completed 10,948 toilet upgrades as of June 30, 2026.

    The Company operates across 16 railway zones and has three production units and two mid-life rehabilitation units. Its manufacturing facility in Sonipat, Haryana, covers an area of over 92,000 square feet and is equipped with laboratory and testing facilities. The Company also has a design and new product development team involved in product engineering, simulation, prototyping and testing. Its projects are executed 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 operates primarily through a tender-based business model, with tender-related activities undertaken through the Indian Railways e-Procurement System (IREPS). It has executed projects across multiple coach variants, including LHB coaches, Vande Bharat and other self-propelled units.

    As of June 30, 2026, the Company had 43 employees on its payroll across administration, business development, design and new product development, finance, operations, production, project management, supply chain and other functions.

    Competitive Strengths

    Multiple global tie-ups and representations.

    Healthy order book supporting business visibility.

    Experienced Promoters and strong management team with domain knowledge.

    Established market presence in the Indian railway sector with a diversified range of products and services under one roof.

    Fully integrated manufacturing facility at a strategically favourable location, equipped with machinery and equipment from reputed domestic and global players.

    Company Financials (Restated)

    Total Income

    31 Mar 2024215.02
    31 Mar 2025213.45
    31 Mar 2026267.89

    Profit After Tax

    31 Mar 202419.21
    31 Mar 202516.46
    31 Mar 202624.36

    EBITDA

    31 Mar 202429.57
    31 Mar 202528.76
    31 Mar 202639.82

    NET Worth

    31 Mar 202435.63
    31 Mar 202555.37
    31 Mar 2026103.55
    Company Financials (Restated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. Figures as published in the table below.
    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets382.79272.45217.60
    Total Income267.89213.45215.02
    Profit After Tax24.3616.4619.21
    EBITDA39.8228.7629.57
    NET Worth103.5555.3735.63
    Reserves and Surplus85.4838.5827.35
    Total Borrowing85.1881.1769.80
    Amount in ₹ Crore

    Acme India Industries Ltd.'s revenue increased by 26% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2026 and March 31, 2025.

    IPO Objects of the Issue

    Funding to meet working capital requirements38.00
    Repayment and/or pre-payment, in full or part, of borrowing availed by Company41.00
    Funding Capital Expenditure towards purchase of additional plant & machinery6.27
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding to meet working capital requirements38.00
    2Repayment and/or pre-payment, in full or part, of borrowing availed by Company41.00
    3Funding Capital Expenditure towards purchase of additional plant & machinery6.27
    4General Corporate Purposes—
    Total85.27

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026
    ROE30.65%
    ROCE23.20%
    Debt/Equity0.82
    RoNW23.52%
    PAT Margin9.24%
    EBITDA Margin15.10%
    NAV59.94
    P/B (x)3.27

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)13.4810.38
    P/E (x)14.5418.88
    Market Cap at Offer Price₹354.07 Cr.₹460.06 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, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group88.19%
    • Public11.81%

    Post IPO

    • Promoter and Promoter Group64.46%
    • Public35.54%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group88.19%64.46%
    Public11.81%35.54%
    Total100%100%

    Company Promoters: Suraj Pandey and Sadhvi Pandey.

    Offer For Sale - Selling Shareholder

    NameCategoryNo. of Shares OfferedAmount (₹ cr.)
    Suraj PandeyPromoter8,01,60015.71
    Total—8,01,60015.71

    Acme India Industries IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    QIB (Ex Anchor)137.9311,79,00016,26,23,4000
    NII *196.278,85,60017,38,16,4000
    bNII (> ₹10L)241.675,88,60014,22,46,800—
    sNII (< ₹10L)106.292,97,0003,15,69,600—
    Individual Investor85.5020,64,00017,64,72,0000
    Total124.2341,28,60051,29,11,8001,89,465

    The Acme India Industries IPO is subscribed 124.23 times on October 6, 2026 5:54:55 PM (Day 4). The public issue subscribed 85.50 times in the individual investors category, 137.93 times in the QIB category, and 196.27 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Reload

    Total Applications: 1,89,465

    *Market Maker portion is not included to NII/HNI.

    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

    FAQ

    Acme India Industries: common questions

    Answered from this issue's own record.

    The Acme India Industries SME IPO is priced at ₹196 per share, for an issue size of ₹115.53 crore.

    The issue opens on 30 Sept 2026 and closes on 6 Oct 2026, with listing expected on 9 Oct 2026.

    One lot is 600 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,17,600 for one lot.

    Latest recorded subscription: QIB 137.93x, NII 196.27x, retail 85.5x (as of 11 Nov 2026).