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IPO Open

Wed, Sep 30, 2026

IPO Close

Tue, Oct 6, 2026

Price Band

₹186 to ₹196

Market Cap*

₹460.06 Cr * on Upper Price

IPO Details

IPO Date 30 Sep to 6 Oct, 2026
Listing Date Fri, Oct 9, 2026T
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)

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
  • Allotment
    Wed, Oct 7, 2026
  • Credit of Shares
    Thu, Oct 8, 2026
  • IPO Close
    Tue, Oct 6, 2026
  • Refund
    Thu, Oct 8, 2026
  • Listing
    Fri, Oct 9, 2026

Issue Reservation

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.

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%

IPO Lot Size

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

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

IPO Anchor Investors

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)

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

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)

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. (Amount in ₹ Crore)

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

IPO Stock Quote & Charts

IPO Objects of the Issue

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

  • # 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
    61.68

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
  • 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

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

The Acme India Industries IPO is subscribed 0.01 times on September 30, 2026 10:34:57 AM (Day 1). The public issue subscribed 0.02 times in the individual investors category, 0.00 times in the QIB category, and 0.01 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (x) Shares Offered Shares bid for Total Applications
QIB (Ex Anchor) 0.00 11,79,000 0 0
NII* 0.01 8,85,600 6,600 0
    bNII (> ₹10L) 0.00 5,88,600 0
    sNII (< ₹10L) 0.02 2,97,000 6,600
Individual Investor 0.02 20,64,000 36,000 0
Total 0.01 41,28,600 42,600 36

Total Applications: 36

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

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Hem Securities Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Acme India Industries Ltd. Address
Plot No-34,
Second Floor Dwarka Sector 3,
Delhi, New Delhi, 110078

IPO FAQs

Acme India Industries IPO is a SME IPO of 62,08,800 equity shares of the face value of ₹10 aggregating up to ₹122 Crores. The issue is priced at ₹186 to ₹196. The minimum order quantity is 600.

The IPO opens on Wed, Sep 30, 2026, and closes on Tue, Oct 6, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Acme India Industries IPO using UPI as a payment gateway. Angel One customers can apply in Acme India Industries IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Acme India Industries IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Acme India Industries IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Acme India Industries IPO opens on Wed, Sep 30, 2026 and closes on Tue, Oct 6, 2026.

Acme India Industries IPO lot size is 600, and the minimum amount required for application is ₹2,35,200, with 2 lots being the minimum application size.

You can apply in Acme India Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Acme India Industries IPO will be done on Wednesday, October 7, 2026, and the allotted shares will be credited to your demat account by Thu, Oct 8, 2026. Check the Acme India Industries IPO allotment status.

The Acme India Industries IPO listing date is not yet announced. The tentative date of listing is Fri, Oct 9, 2026.

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