Acme India Industries Limited is engaged in the Indian railway rolling stock sector, providing design, manufacturing, supply, installation and maintenance of railway coach interiors and components. Its services include new coach furnishing, refurbishment, upgradation, conversion and toilet modernization.
The Company offers products such as Braille signage, FRP products, sanitary ware, epoxy flooring, toilet and compartment doors, seats and berths, fire-barrier coatings and hygiene products. It has executed projects across 16 railway zones covering 28 coach variants, including LHB and Vande Bharat coaches.
Since 2017, the Company has completed 1,610 coaches through turnkey furnishing, refurbished or upgraded 1,888 coaches and completed 10,948 toilet upgrades. It operates two manufacturing units in Sonipat, Haryana, supported by testing and product development facilities.
The Company primarily follows a tender-based business model, with tenders executed through the Indian Railways e-Procurement System (IREPS). It is certified under ISO 9001:2015 and ISO 15085 for relevant railway manufacturing and supply activities.
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.
Acme India Industries IPO – Details
| IPO Opening Date | 30 September 2026 |
| IPO Closing Date | 06 October 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 62,08,800 Shares Worth ₹121.69 Crore Fresh Issue: 54,07,200 Shares Worth ₹105.98 Crore Offer For Sale: 8,01,600 Shares Worth ₹15.71 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹186 – ₹196 per share |
| Market Lot | 600 Shares |
| Min Order | 600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Acme India Industries IPO – Date Schedule
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 06 October 2026 |
| Basis of Allotment | 07 October 2026 |
| Initiation of Refund | 08 October 2026 |
| Credit of Shares to Demat | 08 October 2026 |
| IPO Listing Date | 09 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 06, 2026 |
Acme India Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1200 | ₹2,35,200 |
| Retail (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 |
Competitive Strength
- 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 Promoters
- Suraj Pandey
- Sadhvi Pandey
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹215.02 Cr | ₹189.08 Cr | ₹19.21 Cr | ₹69.80 Cr |
| 31 March 2025 | ₹213.45 Cr | ₹189.32 Cr | ₹16.46 Cr | ₹81.17 Cr |
| 31 March 2026 | ₹267.89 Cr | ₹234.67 Cr | ₹24.36 Cr | ₹85.18 Cr |
Key Performance Indicator
| KPI | Values (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 |
| Price to Book Value | 3.27 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.48 | 10.38 |
| P/E (x) | 14.54 | 18.88 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding to meet working capital requirements. | ₹38.00 |
| Repayment and/or pre-payment, in full or part, of borrowing availed by Company. | ₹41.00 |
| Funding Capital Expenditure towards purchase of additional plant & machinery. | ₹6.27 |
| General Corporate Purposes. |
✅Strengths
- Strong Railway Presence across 16 railway zones and 28 coach variants.
- Healthy Order Book of ₹737.97 crore as of June 30, 2026.
- Diversified Products including coach interiors, FRP products, sanitary ware and hygiene products.
- Experienced Management with strong industry knowledge.
- Integrated Manufacturing with testing facilities and global tie-ups.
⚠️Risks
- Railway Dependence with 46.77% of FY2026 revenue from Indian Railways.
- Tender Dependency as future contracts depend on competitive bidding.
- Customer Concentration with dependence on single customers.
- Order Timing Risk as delays in orders can affect revenue and cash flows.
- Partnership Risk from possible non-renewal or disruption of global tie-ups.
Acme India Industries IPO Promoter Holding
| Pre-Issue Share Holding | 88.19% |
| Post Issue Share Holding | 64.46% |
Acme India Industries IPO Prospectus
Company Contact Information
| Acme India Industries Limited Plot No-34, Second Floor Dwarka Sector 3, Delhi, New Delhi, 110078 Phone: +91-11-41642215 Email: cs@acmeindia.co Website: https://acmeindia.co/ |
Acme India Industries IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: 8657578989/8069219065/8069219060 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Acme India Industries IPO Lead Manager(s)
| 1. Hem Securities Ltd. |
Acme India Industries IPO FAQ
| What is the Acme India Industries IPO? Acme India Industries IPO is an SME IPO. The issue is priced at ₹186 – ₹196 per equity share. The IPO is to be listed on BSE SME. |
| When will Acme India Industries IPO open? The IPO is to open on 30 September 2026 for QIB, NII and Retail Investors. |
| What is Acme India Industries IPO Investors’ Portion? The Investors portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Acme India Industries IPO Size? Acme India Industries IPO size is ₹121.69 Crore. |
| What are the Acme India Industries IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 1200 Shares for ₹2,35,200, while the maximum bid is 1200 Shares for ₹2,35,200. |
| What is the Acme India Industries IPO Allotment Date? Acme India Industries IPO allotment date is 07 October 2026. |
| What is the Acme India Industries IPO Listing Date? Acme India Industries IPO listing date is 09 October 2026. The IPO is to be listed on the BSE SME. |
