Minimum Investment
About Company
Company Name: Acme India Industries Limited
Industry / Sector: Railway Rolling Stock / Coach Interiors & Components
Founded Year: December 2021 (originally incorporated as Acme India Industries Private Limited)
Promoters: Suraj Pandey, Sadhvi Pandey
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. As of June 30, 2026, the Company had 43 employees on its payroll.
IPO Basic Details
| Company Name | Acme India Industries Limited |
| IPO Type | SME IPO |
| Price Band | ₹186 – ₹196 |
| Lot Size | 600 Shares |
| Total Issue Size | 62,08,800 Equity Shares (₹121.69 Cr) |
IPO Strengths & Risks
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
Risks
- The company operates in a tender-based business model with the Indian Railways, which may result in unpredictable revenue
- The company is dependent on a limited number of customers, primarily the Indian Railways
- The company's operations are concentrated in the railway sector, exposing it to policy and budgetary risks
- The company faces competition from other railway coach interior manufacturers
- The company has negative cash flows from operating activities in FY26
IPO Important Dates
| IPO Open Date | 30 Sep 2026 |
| IPO Close Date | 06 Oct 2026 |
| Basis of Allotment | 07 Oct 2026 |
| Refund Initiation | 08 Oct 2026 |
| Demat Credit Date | 08 Oct 2026 |
| Listing Date | 09 Oct 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 37.45% of Net Issue (17,65,800 shares) |
| Retail Quota | 43.77% of Net Issue (20,64,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 1200 | ₹2,35,200 |
| Retail Maximum | 2 Lots | 1200 | ₹2,35,200 |
| S-HNI Minimum | 3 Lots | 1800 | ₹3,52,800 |
| S-HNI Maximum | 8 Lots | 4800 | ₹9,40,800 |
| B-HNI Minimum | 9 Lots | 5400 | ₹10,58,400 |
Key Performance Indicators (KPI)
| ROE | 30.65% |
| ROCE | 23.20% |
| RoNW | - |
| PAT Margin | 9.24% |
| EBITDA Margin | 15.10% |
| EPS | ₹13.48 (Pre-IPO), ₹10.38 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.82 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹382.79 Cr | ₹267.89 Cr | ₹24.36 Cr | ₹39.82 Cr | ₹103.55 Cr | ₹85.18 Cr |
| FY2025 | ₹272.45 Cr | ₹213.45 Cr | ₹16.46 Cr | ₹28.76 Cr | ₹55.37 Cr | ₹81.17 Cr |
| FY2024 | ₹217.60 Cr | ₹215.02 Cr | ₹19.21 Cr | ₹29.57 Cr | ₹35.63 Cr | ₹69.80 Cr |
Grey Market Premium
| GMP Price | ₹30 (as of 29 Sep 2026) |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | 29 Sep 2026 |
| Estimated Listing Price | ₹226 (approx. 15.31% premium over upper price band) |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Bigshare Services Pvt. Ltd.
Registrar Website: https://www.bigshareonline.com
IPO Lead Manager(s)
Company Information
Address: Plot No-34, Second Floor, Dwarka Sector 3, New Delhi - 110078
Website: https://acmeindia.co/
Email: cs@acmeindia.co
Phone: +91-11-41642215
IPO Documents
Frequently Asked Questions (FAQ)
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