Acme India Industries IPO
Acme India Industries IPO Details
-
Open Date
30 Sep 2026
-
Close Date
06 Oct 2026
- IPO Price Range
₹ 186 to ₹196
- IPO Size
₹ 121.69 Cr
Acme India Industries IPO Timeline
Acme India Industries IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Sep-2026 | 5.70 | 0.21 | 0.17 | 1.76 |
| 01-Oct-2026 | 5.70 | 0.49 | 0.48 | 1.97 |
| 05-Oct-2026 | 5.70 | 3.36 | 2.82 | 3.76 |
| 06-Oct-2026 | 137.93 | 196.27 | 85.50 | 124.23 |
Last Updated: 06 October 2026 7:49 PM by 5paisa
Acme India Industries Limited operates in the Indian railway rolling stock sector and focuses on the design, manufacture, supply, installation and maintenance of railway coach interiors and related components. The Company provides turnkey interior furnishing solutions for new railway coaches, refurbishment and upgradation of existing coaches and upgradation of toilet facilities. It also manufactures and supplies components used by Indian Railways.
The business has expanded from products such as Braille signage and fire-retardant epoxy flooring to a broader portfolio covering railway coach furnishing and refurbishment. Its operations include FRP components, doors, seats and berths, flooring, sanitary products and other interior components. The Company has worked across multiple railway zones and coach types, including LHB coaches and Vande Bharat trainsets.
Established in: 2021
Managing Director: Suraj Pandey
Acme India Industries Objectives
1. Funding working capital requirements
2. Repayment and/or pre-payment of borrowings availed by the Company
3. Funding capital expenditure towards purchase of additional plant and machinery
4. General corporate purposes
Acme India Industries IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹121.69 Cr |
| Offer For Sale | ₹15.71 Cr |
| Fresh Issue | ₹105.98 Cr |
Acme India Industries IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | 235200 |
| Individual investors (IND) (Max) | 2 | 1200 | 235200 |
| S-HNI (Min) | 3 | 1800 | 352800 |
| S-HNI (Max) | 8 | 4800 | 940800 |
| B-HNI (Min) | 9 | 5400 | 1058400 |
Acme India Industries Reservation Table
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* | Total Applications |
|---|---|---|---|---|---|
| Anchor | 1 | 17,65,800 | 17,65,800 | 34.61 | - |
| Market Maker | 1 | 3,14,400 | 3,14,400 | 6.16 | - |
| QIB (Ex Anchor) | 137.93 | 11,79,000 | 16,26,23,400 | 3,187.42 | 0 |
| Non-Institutional Buyers | 196.27 | 8,85,600 | 17,38,16,400 | 3,406.80 | 0 |
| bNII (> ₹10L) | 241.67 | 5,88,600 | 14,22,46,800 | 2,788.04 | |
| sNII (< ₹10L) | 106.29 | 2,97,000 | 3,15,69,600 | 618.76 | |
| Individual Investors | 85.50 | 20,64,000 | 17,64,72,000 | 3,458.85 | 0 |
| Total ** | 124.23 | 41,28,600 | 51,29,11,800 | 10,053.07 | 1,89,465 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue From Operations | 213.43 | 210.00 | 263.71 |
| EBITDA | 29.57 | 28.76 | 39.82 |
| PAT | 19.21 | 16.46 | 24.36 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 217.60 | 272.45 | 382.79 |
| Share Capital | 8.28 | 16.79 | 18.07 |
| Total Liabilities | 181.79 | 217.09 | 279.24 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | -6.09 | 23.97 | -11.50 |
| Net Cash Generated From / (used in) Investing Activities | -17.11 | -28.52 | -3.97 |
| Net Cash Generated From / (used in) Financing Activities | 23.05 | 4.72 | 15.44 |
| Net Increase / (Decrease) In Cash And Cash Equivalents | -0.15 | 0.17 | -0.03 |
Strengths
1. Specialised presence in railway coach furnishing, refurbishment and interior components.
2. Experience across turnkey furnishing, coach upgradation and railway toilet modernisation projects.
3. In-house manufacturing and testing capabilities support product development and execution.
4. Established project experience across multiple Indian Railway zones and coach platforms.
Weaknesses
1. A significant portion of revenue remains dependent on orders connected to Indian Railways.
2. The business requires substantial working capital due to receivables, inventory and bank guarantee requirements.
3. Operating cash flows have been negative in some financial periods despite reported profits.
4. Revenue and project execution can be influenced by the timing of railway tenders and contract completion.
Opportunities
1. Continued modernisation of passenger coaches may expand demand for interior furnishing and component suppliers.
2. Replacement and refurbishment requirements across the existing railway coach fleet can support recurring opportunities.
3. Expansion of Vande Bharat and other modern rolling stock platforms can create demand for specialised interior components.
4. Railway toilet modernisation and passenger-comfort initiatives can broaden the addressable market for the Company's products and services.
Threats
1. Heavy dependence on railway tenders exposes the Company to changes in procurement policies and government spending.
2. Price-based competitive bidding may put pressure on project margins.
3. Delays in customer payments can increase working capital requirements and financing costs.
4. Supplier concentration, execution delays or product-quality issues may affect the timely completion of contracts.
1. The Company operates in a specialised segment of the railway rolling stock value chain.
2. Its service portfolio covers new-coach furnishing, refurbishment, upgradation and toilet modernisation.
3. Revenue from operations increased from ₹210.00 crore in FY25 to ₹263.71 crore in FY26, while PAT increased from ₹16.46 crore to ₹24.36 crore.
4. The fresh issue is intended to support working capital, reduce borrowings and fund additional plant and machinery.
India's railway rolling stock and coach-interior market is supported by continued investment in passenger rail infrastructure, new coach production and refurbishment of the existing fleet. Indian Railways operates a large passenger-coach base with a long operating lifecycle, creating requirements for periodic refurbishment, interior replacement and technology upgrades.
The RHP's industry discussion identifies opportunities across new coach furnishing, refurbishment and toilet modernisation. Expansion of modern rolling stock such as LHB coaches and Vande Bharat trains can also increase the requirement for specialised interior systems and components. At the same time, companies operating in this segment remain dependent on railway procurement cycles, competitive tenders, execution capabilities and working capital availability.
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FAQs
Acme India Industries IPO opens on September 30, 2026 and closes on October 6, 2026.
The size of Acme India Industries IPO is approximately ₹121.69 crore, comprising a fresh issue of approximately ₹105.98 crore and an offer for sale of approximately ₹15.71 crore.
The price band of Acme India Industries IPO is fixed at ₹186 to ₹196 per share.
To apply for Acme India Industries IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the Acme India Industries IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The IPO lot size is 600 shares. Individual investors must apply for a minimum of 2 lots or 1200 shares, requiring an investment of ₹235200 at the upper end of the price band.
The share allotment date of Acme India Industries IPO is expected to be October 7, 2026.
Acme India Industries IPO is expected to be listed on the BSE SME platform on October 9, 2026.
Hem Securities Limited is the book-running lead manager for the Acme India Industries IPO. Bigshare Services Private Limited is the registrar to the offer.
The Company proposes to use the net proceeds of the fresh issue for:
1. Funding working capital requirements
2. Repayment and/or pre-payment of certain borrowings
3. Capital expenditure towards additional plant and machinery
4. General corporate purposes