Acme India Industries IPO
Updated 11 Nov 2026, 6:45 pm.
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.
- Allotment finalised7 Oct 2026(done)
- Refunds start8 Oct 2026(done)
- Shares credited to demat8 Oct 2026(done)
- Listing9 Oct 2026(done)
GMP history
Each point is a recorded observation from the scheduled data sync.
| Observed | GMP | Est. 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.
Offer documents & links
Subscription by category
As of 6 Oct 2026, 5:54 pm.
Total subscription
124.23x
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 Date | 30 Sep to 6 Oct, 2026 |
|---|---|
| Listing Date | Fri, Oct 9, 2026 (tentative) |
| Face Value | ₹ 10 per share |
| Price Band | ₹186 to ₹196 |
| Issue Price | ₹196 per share |
| 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) Hem Finlease Pvt.Ltd. |
| 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 | 1,80,65,000 shares |
| Share Holding Post Issue | 2,34,72,200 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%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 29,44,800 | 49.96% | 47.43% |
| - Anchor Investor | 17,65,800 | — | 28.44% |
| - QIB (Ex. Anchor) | 11,79,000 | — | 18.99% |
| NII (HNI) | 8,85,600 | 15.02% | 14.26% |
| - bNII > ₹10L | 5,88,600 | — | 9.48% |
| - sNII < ₹10L | 2,97,000 | — | 4.78% |
| Retail | 20,64,000 | 35.02% | 33.24% |
| Firm Reservations | |||
| Market Maker | 3,14,400 | — | 5.06% |
| Total | 62,08,800 | 100.00% | 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1,200 | ₹2,35,200 |
| Individual investors (IND) (Max) | 2 | 1,200 | ₹2,35,200 |
| S-HNI (Min) | 3 | 1,800 | ₹3,52,800 |
| S-HNI (Max) | 8 | 4,800 | ₹9,40,800 |
| B-HNI (Min) | 9 | 5,400 | ₹10,58,400 |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
IPO Anchor Investors
| Bid Date | Tue, Sep 29, 2026 |
|---|---|
| Shares Offered | 17,65,800 |
| 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
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 382.79 | 272.45 | 217.60 |
| Total Income | 267.89 | 213.45 | 215.02 |
| Profit After Tax | 24.36 | 16.46 | 19.21 |
| EBITDA | 39.82 | 28.76 | 29.57 |
| NET Worth | 103.55 | 55.37 | 35.63 |
| Reserves and Surplus | 85.48 | 38.58 | 27.35 |
| Total Borrowing | 85.18 | 81.17 | 69.80 |
| 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
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding to meet working capital requirements | 38.00 |
| 2 | Repayment and/or pre-payment, in full or part, of borrowing availed by Company | 41.00 |
| 3 | Funding Capital Expenditure towards purchase of additional plant & machinery | 6.27 |
| 4 | General Corporate Purposes | — |
| Total | 85.27 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.65% |
| ROCE | 23.20% |
| Debt/Equity | 0.82 |
| RoNW | 23.52% |
| PAT Margin | 9.24% |
| EBITDA Margin | 15.10% |
| NAV | 59.94 |
| P/B (x) | 3.27 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 13.48 | 10.38 |
| P/E (x) | 14.54 | 18.88 |
| 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%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 88.19% | 64.46% |
| Public | 11.81% | 35.54% |
| 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 Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 137.93 | 11,79,000 | 16,26,23,400 | 0 |
| NII * | 196.27 | 8,85,600 | 17,38,16,400 | 0 |
| bNII (> ₹10L) | 241.67 | 5,88,600 | 14,22,46,800 | — |
| sNII (< ₹10L) | 106.29 | 2,97,000 | 3,15,69,600 | — |
| Individual Investor | 85.50 | 20,64,000 | 17,64,72,000 | 0 |
| Total | 124.23 | 41,28,600 | 51,29,11,800 | 1,89,465 |
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
Acme India Industries IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Acme India Industries Limited has completed an IPO in the amount of INR 1.216925 billion.
www.marketscreener.com · 7 Oct 2026
Acme India Industries IPO allotment: How to check status online on BSE, Bigshare Services
Upstox · 7 Oct 2026
Acme India Industries IPO Allotment Status: Check Allocation Online
HDFC Sky · 7 Oct 2026
Acme India Industries IPO Day 2: Subscribed 1.92x; retail demand jumps 55.6%
scanx.trade · 7 Oct 2026
Acme India Industries IPO Day 3: Subscribed 2.05x; QIB demand stable at 5.7x
scanx.trade · 6 Oct 2026
Acme India Industries IPO
Moneycontrol.com · 6 Oct 2026
Acme India Industries IPO Day 4 Subscription Status: 124.23x
HDFC Sky · 6 Oct 2026
Acme India Industries IPO Day 4: Subscribed 119.49x; QIB demand hits 137.60x; bHNI surges 240.99x
scanx.trade · 6 Oct 2026
Acme India Industries: common questions
Answered from this issue's own record.