Acme Universal Safezone 9 IPO
Acme Universal Safezone 9 IPO Details
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Open Date
28 Sep 2026
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Close Date
30 Sep 2026
- IPO Price Range
₹ 65 to ₹71
- IPO Size
₹ 35.93 Cr
Acme Universal Safezone 9 IPO Timeline
Last Updated: 24 September 2026 12:09 PM by 5paisa
Acme Universal Safezone 9 Limited manufactures industrial safety footwear used as personal protective equipment across sectors including construction, oil and gas, mining, heavy engineering, automotive, pharmaceuticals, chemicals, foundries and power generation. Its product portfolio includes safety footwear designed for protection against impact and compression, penetration, electrical hazards, static, heat and fire, chemicals and slipping.
The company operates manufacturing facilities across Madhya Pradesh and Uttar Pradesh and sells through institutional channels, distributors and dealers, e-commerce and export markets. Its manufacturing operations cover processes including soling and footwear assembly. As of FY26, installed manufacturing capacity was approximately 43.15 lakh pairs of safety footwear per annum, with capacity utilisation of 64.23%.
The business traces its operating history to the partnership firm M/s Acme Fabrik Plast Co, formed in 1994. The partnership business was converted into Acme Universal Safezone 9 Private Limited in November 2016 and subsequently into a public limited company in July 2025.
Established in: 2016
Managing Director: Nitin Tiwari
Peers:
Liberty Shoes Limited
Superhouse Limited
Mallcom (India) Limited
Acme Universal Safezone 9 Objectives
The company proposes to utilise the fresh issue proceeds towards:
1. Funding capital expenditure for installation of a solar power plant
2. Funding capital expenditure for installation of additional machinery
3. Funding incremental working capital requirements
4. Funding inorganic growth through unidentified acquisitions and other strategic initiatives
5. General corporate purposes
Approximately ₹3.62 crore is proposed for the solar power plant, ₹8.96 crore for additional machinery and ₹8.00 crore for incremental working capital requirements. The proposed machinery investment is intended primarily to strengthen and upgrade intermediate manufacturing processes rather than increase the company's overall installed footwear capacity.
Acme Universal Safezone 9 IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹35.93 Cr |
| Offer For Sale | – |
| Fresh Issue | ₹35.93 Cr |
Acme Universal Safezone 9 IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 3200 | 208000 |
| Individual Investors (IND) (Max) | 2 | 3200 | 227200 |
| HNI (Min) | 3 | 4800 | 312000 |
| S-HNI (Max) | 8 | 12800 | 908800 |
| B-HNI (Min) | 9 | 14400 | 936000 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 178.94 | 187.36 | 205.90 |
| EBITDA | 14.55 | 9.85 | 15.15 |
| PAT | 7.56 | 0.80 | 5.86 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 119.07 | 133.70 | 146.72 |
| Share Capital | 4.46 | 4.68 | 14.03 |
| Total Liabilities | 119.07 | 133.70 | 146.72 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From Operating Activities | 10.88 | 12.53 | 7.52 |
| Net Cash Used In Investing Activities | (15.29) | (18.46) | (12.09) |
| Net Cash Generated From Financing Activities | 3.94 | 6.13 | 5.21 |
| Net Increase / (Decrease) In Cash And Bank Balances | (0.47) | 0.21 | 1.26 |
Strengths
1. The company has an operating history in safety footwear dating back to 1994 through its predecessor partnership business, providing more than three decades of sector experience.
2. Its product portfolio addresses multiple industrial hazards and serves sectors including construction, mining, oil and gas, automotive, pharmaceuticals, chemicals and power generation.
3. Installed manufacturing capacity reached approximately 43.15 lakh pairs per annum in FY26 across its manufacturing locations.
4. The business uses multiple sales channels, including institutional customers, distributors and dealers, e-commerce and exports.
5. Revenue from operations increased from ₹178.94 crore in FY24 to ₹205.90 crore in FY26, while FY26 EBITDA and PAT recovered from their FY25 levels.
Weaknesses
1. Customer concentration remains material, with the top 10 customers accounting for 47.71% of FY26 revenue from operations and the largest customer contributing 12.13%.
2. Supplier concentration is also significant, with the top 10 suppliers accounting for 52.88% of FY26 purchases and the largest supplier accounting for 15.92%.
3. Profitability has been volatile. PAT declined from ₹7.56 crore in FY24 to ₹0.80 crore in FY25 before recovering to ₹5.86 crore in FY26.
4. The business has sizeable working-capital requirements, with net working capital increasing to approximately ₹49.78 crore in FY26.
5. Capacity utilisation stood at 64.23% in FY26 compared with 77.71% in FY24, while the proposed machinery expenditure is intended to improve processes rather than expand overall installed capacity.
Opportunities
1. Expansion in infrastructure, manufacturing, construction, logistics, mining and other safety-intensive industries can increase demand for certified industrial footwear.
2. Greater enforcement of workplace-safety requirements and formalisation of PPE procurement can support demand from organised industrial customers.
3. The proposed investment in additional machinery could improve manufacturing efficiency, throughput and intermediate production processes.
4. Installation of the proposed solar power plant may support the company's efforts to manage manufacturing energy requirements and operating costs.
5. The company intends to retain flexibility for inorganic growth through unidentified acquisitions and other strategic initiatives.
Threats
1. Competition from organised and unorganised domestic manufacturers, international suppliers and established footwear companies could affect pricing and margins.
2. Volatility in leather, rubber, polyurethane, PVC and other input costs may affect manufacturing costs and profitability.
3. Loss or reduced business from major customers could materially affect revenue given the company's customer concentration.
4. Disruption in supplies from key vendors could affect manufacturing because a sizeable portion of purchases is concentrated among the top suppliers.
5. Changes in product certification, workplace-safety or environmental standards may require additional compliance expenditure or manufacturing changes.
1. Revenue from operations increased from ₹178.94 crore in FY24 to ₹205.90 crore in FY26, while PAT recovered to ₹5.86 crore in FY26 after declining sharply in FY25.
2. The company has a long operating history in industrial safety footwear through its predecessor business, which commenced operations in 1994.
3. Its approximately 43.15 lakh-pair annual installed capacity provides an established manufacturing base across multiple facilities.
4. Safety footwear demand is linked to industrialisation, infrastructure activity, workplace-safety compliance and formal PPE procurement across multiple end-user sectors.
5. Fresh issue proceeds are intended to fund a solar power plant, additional machinery, incremental working capital and potential inorganic growth, with the entire IPO comprising fresh capital for the company.
India's safety footwear industry is supported by increasing formalisation of workplace-safety practices across construction, manufacturing, mining, oil and gas, logistics and other industrial sectors. Regulatory requirements, BIS product standards, safety audits and increasing PPE adoption are encouraging procurement of certified safety footwear, while infrastructure development and expansion of India's manufacturing base provide additional demand drivers.
Exports are another part of the industry's opportunity set. India's safety footwear exports increased from approximately ₹647.75 crore in FY21 to ₹959.19 crore in FY25, an increase of about 48% over the period. The industry report also identifies India as the fourth-largest exporter of safety footwear globally in CY24.
Acme Universal operates within this environment with approximately 43.15 lakh pairs of annual installed manufacturing capacity in FY26. Its planned machinery investment focuses on improving intermediate manufacturing processes, cost efficiency and throughput rather than adding headline installed capacity. The company also participates in domestic institutional and distribution channels as well as international markets.
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FAQs
Acme Universal Safezone 9 IPO opens from 28 September 2026 to 30 September 2026.
The size of the Acme Universal Safezone 9 IPO is approximately ₹35.93 crore at the upper end of the price band. The issue is entirely a fresh issue with no Offer for Sale component.
The price band of Acme Universal Safezone 9 IPO is fixed at ₹65 to ₹71 per share.
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 Universal Safezone 9 IPO.
3. Enter your UPI ID and click on submit. Your bid will then be placed with the exchange.
4. You will receive a mandate notification to block funds in your UPI app.
The minimum application is two lots, equivalent to 3,200 shares. At the floor price of ₹65 per share, the minimum investment is ₹2,08,000.
The basis of allotment for the Acme Universal Safezone 9 IPO is expected to be finalised on 1 October 2026.
The Acme Universal Safezone 9 IPO is tentatively scheduled to list on BSE SME on 6 October 2026.
Expert Global Consultants Private Limited is the book-running lead manager for the Acme Universal Safezone 9 IPO.
The fresh issue proceeds are proposed to be used for:
1. Funding capital expenditure for installation of a solar power plant
2. Funding capital expenditure for installation of additional machinery
3. Funding incremental working capital requirements
4. Funding inorganic growth through unidentified acquisitions and other strategic initiatives
5. General corporate purposes