Acme India Industries Limited IPO
Open now30 Sep – 6 Oct 2026
What stands out in the offer document
The five questions
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1How it makes money₹53 of every ₹100 of sales comes from its "Supply – Electrical and Others" segment.
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2Is it growing, and is profit turning into cash?Sales rose 24% from FY24 to FY26 (₹213 cr → ₹264 cr). Over 3 years it made ₹60 cr of profit and brought in ₹6.4 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.82 for every ₹1 of its own money. The line for manufacturing is ₹2.
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4What you pay, and who gets the moneyOf every ₹100 raised, ₹13 goes to existing shareholders selling. At ₹196 you pay about ₹14 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 88% before the IPO.
From the draft document. The final prospectus may change it.
Latest update:
Price band ₹186–₹196 · Closes 6 Oct 2026 · Allotment 7 Oct 2026 (Confirmed) · Lists 9 Oct 2026 (Expected)
What Acme India Industries Limited does
We are engaged in the Indian railway rolling stock sector, focusing on the design, manufacture and warranty maintenance of railway coach interior, wherein the business is primarily operating on a tender-based. We provide turnkey furnishing solutions for the interiors of new railway coaches, refurbishment, up-gradation and conversion of old coaches and up gradation of toilet facilities within railway coaches. Additionally we manufacture and supply components to Indian Railways.
Acme India Industries Limited financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| FY24 | FY25 | FY26 | ||
|---|---|---|---|---|
| Sales | 213 | 210 | 264 | |
| Operating Profit | 30 | 29 | 40 | |
| OPM % | 13.8% | 13.7% | 15.1% | |
| Net Profit | 19 | 16 | 24 | |
| Total Debt | 70 | 81 | 85 |
Acme India Industries Limited IPO offer structure
Total: ₹122 cr. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Issue size and split come from a public aggregator rather than the exchange, cross-checked against a second one. The offer document states the offer-for-sale as a share count against a blank amount, so it cannot be read from the document itself.
Use of proceeds- Funding to meet working capital requirements: ₹38 cr
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company: ₹41 cr
- Funding Capital Expenditure towards purchase of additional plant & machinery: ₹6 cr
- General Corporate Purpose
Acme India Industries Limited promoters and holding
- Suraj Pandey: Managing Director
- Sadhvi Pandey: Whole Time Director
Acme India Industries Limited strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- Established market presence in Indian railway sector with diversified range of products and services under one roof (p.135)
- Healthy portfolio of order book (p.135)
- Experienced Promoters with strong management team having domain knowledge (p.135)
- Multiple Global Tie ups and representations (p.135)
- Fully integrated manufacturing plant set up at a favorably location with equipment supplied by domestic and globally renowned players (p.136)
- Our business operations and revenues are entirely dependent on the Indian Railways. (p.27)
- We depend on the Indian Railways for a significant portion of contracts in our order book which are awarded on a tender basis. (p.28)
- There are outstanding legal proceedings involving our Company, our Directors and our Promoters. (p.28)
- We are subject to strict quality requirements and customer inspections, and any failure to comply with quality standards may lead to rework/replacement of existing and future orders. (p.29)
- We depend on a limited number of suppliers for raw materials. (p.29)
Acme India Industries Limited market and competition
ACME is a leading and rapidly growing company in India specializing in modern and premium passenger rail coach furnishing. We do not have any direct listed peers of our business.
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Acme India Industries Limited IPO: common questions
When does the Acme India Industries Limited IPO open and close?
The Acme India Industries Limited IPO is open from 30 Sep 2026 to 6 Oct 2026.
What is the Acme India Industries Limited IPO price band?
The price band is ₹186–₹196 per share.
What is the lot size and minimum investment for the Acme India Industries Limited IPO?
One lot is 600 shares, and a retail application must be at least one lot. That is about ₹2,35,200 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the Acme India Industries Limited IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 7 Oct 2026, refund/unblock around 8 Oct 2026 and listing around 9 Oct 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the Acme India Industries Limited IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 712 SME IPOs that have listed on the NSE since 2016, 564 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.