SME
    listed

    Acme Universal Safezone 9 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))

    ₹2,27,200

    2 lots · 3,200 shares at the upper price band

    Price band

    ₹71

    Latest GMP

    ₹15

    +21.1% of the ₹71 upper band

    Est. listing price

    ₹86

    Issue size

    ₹34.13 Cr

    Allotment status

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

    1. Allotment finalised1 Oct 2026(done)
    2. Refunds start5 Oct 2026(done)
    3. Shares credited to demat5 Oct 2026(done)
    4. Listing6 Oct 2026(done)

    GMP history

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

    ObservedGMPEst. listing price
    6 Oct 2026, 1:50 pm₹15₹86
    6 Oct 2026, 1:45 pm₹15₹86
    6 Oct 2026, 8:50 am₹15₹86
    6 Oct 2026, 8:45 am₹15₹86
    5 Oct 2026, 6:50 pm₹18—
    5 Oct 2026, 6:45 pm₹15₹86
    5 Oct 2026, 1:50 pm₹12—
    5 Oct 2026, 1:45 pm₹15₹86
    5 Oct 2026, 11:31 am₹15₹86
    5 Oct 2026, 8:50 am₹15₹86
    5 Oct 2026, 8:45 am₹15₹86
    3 Oct 2026, 10:44 pm₹11₹82
    3 Oct 2026, 6:50 pm₹13—
    3 Oct 2026, 1:50 pm₹12—
    3 Oct 2026, 8:50 am₹11—
    2 Oct 2026, 6:50 pm₹11—
    2 Oct 2026, 1:50 pm₹11—
    2 Oct 2026, 8:50 am₹11₹82
    2 Oct 2026, 8:45 am₹11₹82
    1 Oct 2026, 6:50 pm₹9₹81
    1 Oct 2026, 6:45 pm₹10₹81
    1 Oct 2026, 1:50 pm₹10₹81
    1 Oct 2026, 1:45 pm₹10₹81
    1 Oct 2026, 8:50 am₹10—
    30 Sept 2026, 6:50 pm₹5₹71
    30 Sept 2026, 6:45 pm₹0₹71
    30 Sept 2026, 1:50 pm₹0₹71
    30 Sept 2026, 1:45 pm₹0₹71
    29 Sept 2026, 6:50 pm₹0₹71
    29 Sept 2026, 6:45 pm₹0₹71
    29 Sept 2026, 1:50 pm₹0₹71
    29 Sept 2026, 1:45 pm₹0₹71
    29 Sept 2026, 8:50 am₹0₹71
    29 Sept 2026, 8:45 am₹0₹71
    28 Sept 2026, 6:50 pm₹0₹71
    28 Sept 2026, 6:45 pm₹0₹71
    28 Sept 2026, 1:50 pm₹0₹71
    28 Sept 2026, 1:45 pm₹0₹71
    28 Sept 2026, 8:50 am₹0₹71
    28 Sept 2026, 8:45 am₹0₹71
    26 Sept 2026, 6:50 pm₹0₹71
    26 Sept 2026, 6:45 pm₹0₹71
    26 Sept 2026, 1:50 pm₹0₹71
    26 Sept 2026, 1:45 pm₹0₹71
    26 Sept 2026, 8:50 am₹0₹71
    26 Sept 2026, 8:45 am₹0₹71
    25 Sept 2026, 6:50 pm₹0₹71
    25 Sept 2026, 6:45 pm₹0₹71
    25 Sept 2026, 1:45 pm₹0₹71
    25 Sept 2026, 8:50 am₹0₹71
    25 Sept 2026, 8:45 am₹0₹71
    24 Sept 2026, 6:50 pm₹0₹71
    24 Sept 2026, 6:45 pm₹0₹71
    24 Sept 2026, 1:50 pm₹0₹71
    24 Sept 2026, 1:45 pm₹0₹71
    24 Sept 2026, 8:50 am₹0₹71
    24 Sept 2026, 8:45 am₹0₹71
    23 Sept 2026, 6:50 pm₹0₹71
    23 Sept 2026, 6:45 pm₹0₹71

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

    Issue details

    Board
    SME
    Price band
    ₹71
    Issue size
    ₹34.13 Cr
    Lot size
    1,600
    Opens
    28 Sept 2026
    Closes
    30 Sept 2026
    Allotment
    1 Oct 2026
    Listing
    6 Oct 2026
    Est. listing price
    ₹86
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Maashitla Securities Pvt.Ltd.
    Minimum investment
    ₹2,27,200 (2 lots · 3,200 shares)
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital only
    Listing at
    BSE SME
    Refunds
    5 Oct 2026
    Shares credited
    5 Oct 2026
    Promoter holding
    94.88% before · 69.73% after
    Lead managers
    Expert Global Consultants Pvt.Ltd.

    Subscription by category

    As of 30 Sept 2026, 5:53 pm.

    Total subscription

    23.41x

    Qualified Institutional31.29×
    Non Institutional31.98×
    Retail Individual15.23×

    Full issue details

    Details as published for this issue, read 5 Oct 2026, 9:05 am. Verify against the RHP before applying.

    IPO Details

    IPO Date28 to 30 Sep, 2026
    Listing DateTue, Oct 6, 2026 (tentative)
    Face Value₹ 10 per share
    Price Band₹65 to ₹71
    Issue Price₹71 per share
    Lot Size1,600 Shares
    Sale TypeFresh capital only
    Issue TypeBookbuilding IPO
    Listing AtBSE SME
    Total Issue Size50,60,800 shares (agg. up to ₹ 36 Cr)
    Reserved for Market Maker2,54,400 shares (agg. up to ₹ 2 Cr) JSK Securities & Services Pvt.Ltd.
    Fresh Issue (Ex Market Maker)48,06,400 shares (agg. up to ₹ 34 Cr)
    Net Offered to Public48,06,400 shares (agg. up to ₹ 34 Cr)
    Share Holding Pre Issue1,40,32,620 shares
    Share Holding Post Issue1,90,93,420 shares

    IPO Timetable (Tentative)

    IPO Open
    Mon, Sep 28, 2026
    IPO Close
    Wed, Sep 30, 2026
    Allotment
    Thu, Oct 1, 2026
    Refund
    Mon, Oct 5, 2026
    Credit of Shares
    Mon, Oct 5, 2026
    Listing
    Tue, Oct 6, 2026

    Issue Reservation

    • QIB47.39%
    • NII (HNI)14.32%
    • Retail33.26%
    • Market Maker5.03%
    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
    QIB23,98,40049.90%47.39%
    - Anchor Investor14,38,400—28.42%
    - QIB (Ex. Anchor)9,60,000—18.97%
    NII (HNI)7,24,80015.08%14.32%
    - bNII > ₹10L4,83,200—9.55%
    - sNII < ₹10L2,41,600—4.77%
    Retail16,83,20035.02%33.26%
    Firm Reservations
    Market Maker2,54,400—5.03%
    Total50,60,800100.00%100.00%

    Acme Universal Safezone 9 IPO comprises a total issue size of 50,60,800 shares. The net offer to the public is 48,06,400 shares, after excluding 2,54,400 shares allotted on a firm basis. Of the Net offer 23,98,400 (49.90%) are allocated to QIB , 7,24,800 (15.08%) allocated to NII 16,83,200 (35.02%) allocated to RII .

    IPO Lot Size

    Individual investors (IND) (Min)₹2,27,200
    Individual investors (IND) (Max)₹2,27,200
    S-HNI (Min)₹3,40,800
    S-HNI (Max)₹9,08,800
    B-HNI (Min)₹10,22,400
    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)23,200₹2,27,200
    Individual investors (IND) (Max)23,200₹2,27,200
    S-HNI (Min)34,800₹3,40,800
    S-HNI (Max)812,800₹9,08,800
    B-HNI (Min)914,400₹10,22,400

    Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.

    IPO Anchor Investors

    Bid DateFri, Sep 25, 2026
    Shares Offered14,38,400
    Anchor Portion (₹ Cr.)10.21
    Anchor lock-in period end date for 50% shares (30 Days)Sat, Oct 31, 2026
    Anchor lock-in period end date for remaining shares (90 Days)Wed, Dec 30, 2026

    Acme Universal Safezone 9 IPO raises ₹ 10.21 crore from anchor investors . Acme Universal Safezone 9 IPO Anchor bid date is September 25, 2026 .

    📝 Anchor Investors Letter (PDF)

    About Acme Universal Safezone 9 Ltd.

    Incorporated in November 2016, Acme Universal Safezone 9 Limited operates in the Personal Protective Equipment (PPE) segment, focusing on industrial safety footwear for sectors including construction, oil and gas, mining, heavy engineering, automotive, pharmaceuticals, chemical processing, foundry and power generation. It offers 15 product lines across EVA-rubber, Nitrile Rubber and PVC sole types, providing protection against impact, compression, penetration, electrical shock, static electricity, heat and fire, chemicals and slipping.

    The Company operates four manufacturing facilities across Madhya Pradesh and Uttar Pradesh. It uses ICad3D technology for product design and visualisation and SAP S/4 HANA for enterprise resource planning across finance, operations and logistics. Its products are distributed through direct institutional sales, regional distributors and dealers, and digital and e-commerce channels, supported by warehousing at more than 40 locations across India. The Company also exports to markets including the UAE, Bahrain, Saudi Arabia, Nigeria, Israel, the Netherlands, Hong Kong, Cameroon and Mauritius.

    The Company manufactures products compliant with applicable IS 15298, EN ISO 20345, ASTM F2413 and SEDEX SMETA standards, depending on the product variant and export destination. It also develops customised products based on customer requirements. For FY2026, the Company reported revenue from operations of ₹20,590.31 lakhs, EBITDA of ₹1,515.19 lakhs and PAT of ₹585.73 lakhs.

    As of March 31, 2026, the Company had a total manpower strength of 1,073 employees across finance, HR, IT, marketing, operations and sales.

    Competitive Strengths

    Strong Customer Relationships.

    Research and Development Capabilities.

    Established Sales and Distribution Network.

    Automation and Technology-Driven Operations.

    Wide Product Range and Standards Compliance.

    Manufacturing Scale and Strategic Facility Locations.

    Export Presence and International Standards Compliance.

    Company Financials (Restated)

    Total Income

    31 Mar 2024181.67
    31 Mar 2025191.31
    31 Mar 2026211.16

    Profit After Tax

    31 Mar 20247.56
    31 Mar 20250.80
    31 Mar 20265.86

    EBITDA

    31 Mar 202414.55
    31 Mar 20259.85
    31 Mar 202615.15

    NET Worth

    31 Mar 202441.96
    31 Mar 202546.91
    31 Mar 202652.77
    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
    Assets146.72133.70119.07
    Total Income211.16191.31181.67
    Profit After Tax5.860.807.56
    EBITDA15.159.8514.55
    NET Worth52.7746.9141.96
    Reserves and Surplus38.7442.2337.50
    Total Borrowing58.0549.6544.51
    Amount in ₹ Crore

    Acme Universal Safezone 9 Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 628% between the financial year ending with March 31, 2026 and March 31, 2025.

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    Brandman Retail Ltd.SME₹86.09 Cr₹17611.39₹192.15+9.18%₹163.95

    IPO Objects of the Issue

    Funding capital expenditure requirements for the installation of solar power plant3.62
    Funding capital expenditure requirements towards installation of additional machinery8.96
    Funding incremental working capital requirements of the Company8.00
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding capital expenditure requirements for the installation of solar power plant3.62
    2Funding capital expenditure requirements towards installation of additional machinery8.96
    3Funding incremental working capital requirements of the Company8.00
    4Funding inorganic growth through unidentified acquisitions and other strategic initiatives and General corporate purposes—
    Total20.58

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

    Key Performance Indicator (KPI)

    KPIMar 31, 2026
    ROCE5.54%
    Debt/Equity1.10
    RoNW11.75%
    PAT Margin2.84%
    EBITDA Margin7.36%
    NAV37.60
    P/B (x)1.89

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)4.173.07
    P/E (x)17.0323.13
    Market Cap at Offer Price₹99.63 Cr.₹135.56 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 Group94.88%
    • Public5.12%

    Post IPO

    • Promoter and Promoter Group69.73%
    • Public30.27%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group94.88%69.73%
    Public5.12%30.27%
    Total100%100%

    Company Promoters: Nitin Tiwari and Ruchi Tiwari.

    Acme Universal Safezone 9 IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    QIB (Ex Anchor)31.299,60,0003,00,36,8000
    NII *31.987,24,8002,31,80,8000
    bNII (> ₹10L)39.484,83,2001,90,76,800—
    sNII (< ₹10L)16.992,41,60041,04,000—
    Individual Investor15.2316,83,2002,56,32,0000
    Total23.4133,68,0007,88,49,60010,193

    The Acme Universal Safezone 9 IPO is subscribed 23.41 times on September 30, 2026 5:53:19 PM (Day 3). The public issue subscribed 15.23 times in the individual investors category, 31.29 times in the QIB category, and 31.98 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Reload

    Total Applications: 10,193

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

    IPO Registrar

    Maashitla Securities Pvt.Ltd.

    011-45121795

    investor.ipo@maashitla.com

    IPO Lead Manager(s)

    Expert Global Consultants Pvt.Ltd.

    Contact Details

    Acme Universal Safezone 9 Ltd. Address

    Near Twelve Shops Girwai Naka

    A. B. Road

    Gwalior, Madhya Pradesh , 474001

    93008 70326

    compliance@acmeuniversal9.com

    FAQ

    Acme Universal Safezone 9: common questions

    Answered from this issue's own record.

    The Acme Universal Safezone 9 SME IPO is priced at ₹71 per share, for an issue size of ₹34.13 crore.

    The issue opens on 28 Sept 2026 and closes on 30 Sept 2026, with listing expected on 6 Oct 2026.

    One lot is 1600 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,13,600 for one lot.

    Latest recorded subscription: QIB 31.29x, NII 31.98x, retail 15.23x (as of 11 Nov 2026).