- POSITIVE
Annual Revenue Acme Industries Mar-2025 Annual Revenue is Rs 229 Cr which is growth of 6.5% YoY.
- POSITIVE
Annual Net Profit Acme Industries Mar-2025 Annual Net Profit is Rs 20 Cr which is growth of 5.0% YoY.

Acme India Industries was incorporated on December 22, 2021. The company designs, manufactures and provides warranty maintenance for railway coach interiors, offering turnkey solutions for new coaches, refurbishment and upgrades of existing coaches and toilets. It also manufactures and supplies railway components, focusing on comfort, safety, hygiene and functionality as per Indian Railways’ requirements
| Bidding Dates |
|---|
| 30 Sep 2026 - 06 Oct 2026 |
| Subscription |
|---|
| 115.51x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹223,200 | 2 | 2 | 600 | 6.2 M | ₹186 - ₹196 | 69.28 % | ₹1,154.8 M - ₹1,216.9 M | RHP DOC |
Acme Industries IPO SUBSCRIPTION STATUS
06 Oct '26Acme Industries IPO overall subscription rate was 115.51 times the total available shares
Acme Industries IPO retail subscription rate was 85.5 times in the retail segment
Acme Industries IPO non-institutional investor subscription rate was 145.11 times in the non-institutional investor category
Acme Industries IPO Qualified Institutional Bidder subscription rate was 137.93 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Oct 2026 (Day 4) | 85.5x | 145.11x | 137.93x |
05 Oct 2026 (Day 3) | 2.82x | 2.74x | 5.7x |
01 Oct 2026 (Day 2) | 0.48x | 0.62x | 5.7x |
30 Sep 2026 (Day 1) | 0.17x | 0.16x | 5.7x |
Acme Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 263.7 | 24.4 | -11.5 | -12.1 | 15.1% |
| FY25 | 210.0 | 16.5 | 24.0 | 22.0 | 13.7% |
| FY24 | 213.4 | 19.2 | -6.1 | -7.3 | 13.9% |
Acme Industries IPO SUBSCRIPTION STATUS DETAILS
Acme Industries had 6.2 M shares on offer
Acme Industries IPO offer price was in the range ₹186 - ₹196
Acme Industries IPO minimum Investment was ₹223200
Acme Industries IPO issue size was ₹ 1,154.8 M - ₹ 1,216.9 M
Acme Industries had a minimum lot size of 600 Shares per application
Acme Industries NUMBER OF SHARES ON OFFER
Acme Industries IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2026 |
| Issue close Date | 06 Oct 2026 |
| Allotment Date | 07 Oct 2026 |
| Refund Date | 08 Oct 2026 |
| Demat Account Credit Date | 08 Oct 2026 |
| Listing Date | 09 Oct 2026 |
| Listing on Exchange(s) | BSE |
| Acme Industries Allotment Status | Exchange/ Registrar |
Acme Industries IPO subscription opened on 30 Sep 2026, and closed on 06 Oct 2026
IPO allotment for Acme Industries was finalized on Wednesday, 07 Oct 2026
IPO listing for Acme Industries was on BSE on Friday, 09 Oct 2026
Acme Industries IPO LISTING GAINS
| Issue Price (adjusted) | 196.0 |
| Listing Open Price | 221.0 |
| Listing Close Price | 232.1 |
| Listing Gain% | 12.8% |
| Current Gain% | 21.3% |
Acme Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Acme India Industries Ltd. | 237.6 | 532.2 | 22.9 | 0.6 | 2 | 23.5 | 6.4 | 267.9 | 25.5 | 24.4 | 48 | 10.4 | 41.2 |
| BlackBuck Ltd. | 580.4 | 10577.3 | 62.7 | 0 | 14.8 | 11.3 | 9.2 | 714.6 | 54.5 | 160.3 | 1952.6 | 9.3 | 4749.2 |
| TVS Supply Chain Solutions Ltd. | 125.9 | 5554.1 | 85.8 | 3 | 0.5 | 5.6 | 1.6 | 11040.8 | 10.1 | 114.3 | 940.9 | 1.5 | 28.8 |
| Sanghvi Movers Ltd. | 392 | 3394.2 | 17 | 0.9 | 2.9 | 14.1 | 7.9 | 1099.6 | 33.6 | 184.3 | 17.7 | 23 | 19.8 |
| Kernex Microsystems (India) Ltd. | 1780.5 | 2991.9 | 15.7 | 0.1 | 3.4 | 35.6 | 9.6 | 432.5 | 126.2 | 88.3 | 75.8 | 113.5 | 252.6 |
| TIL Ltd. | 228.6 | 1815.6 | -59.1 | 0 | 4.8 | -27.7 | -4.5 | 337.4 | -1.7 | -30.8 | -1175.9 | -3.9 | -1234.8 |
Acme Industries annual results: revenue, profit, P&L, and margins as of Mar 2025 – 11 year history
| Indicator | Graph | Mar '25 | Mar '24 | Mar '23 |
|---|---|---|---|---|
| 228.9 | 215 | 137.3 | ||
Operating Exp. Ann. | 190 | 183.3 | 123.3 | |
Operating Profit Ann. | 36 | 30.1 | 13.9 | |
OPM Ann. % | 15.71% | 14.00% | 10.13% | |
| 201 | 189.2 | 126.4 | ||
EBITDA Ann. | 38.9 | 31.7 | 14 | |
EBITDA Ann. margin % | 16.99% | 14.74% | 10.19% | |
Interest Ann. | 10.2 | 5.3 | 2.4 | |
Depr. | 0.7 | 0.7 | 0.7 | |
PBT Ann. | 27.9 | 25.8 | 10.9 | |
Tax Ann. | 8 | 6.8 | 3.3 | |
| 19.9 | 19 | 7.6 | ||
Net Profit Ann. | 19.9 | 19 | 7.6 | |
NPM Ann. % | 8.81% | 8.89% | 5.51% | |
EPS Adj. latest Ann. | 8.5 | 8.1 | 3.2 |
Acme Industries INFORMATION ON IPO ISSUE
About Acme Industries
Acme India Industries was incorporated on December 22, 2021. The company designs, manufactures and provides warranty maintenance for railway coach interiors, offering turnkey solutions for new coaches, refurbishment and upgrades of existing coaches and toilets. It also manufactures and supplies railway components, focusing on comfort, safety, hygiene and functionality as per Indian Railways’ requirements
Object of the Issue
- Funding to meet working capital requirements
- Repayment and/or pre-payment, in full or part, of borrowing availed by the company
- Funding capital expenditure towards purchase of additional plant & machinery
- General corporate purpose
Acme Industries - PROMOTERS
| Name |
|---|
| Suraj Pandey |
| Sadhvi Pandey |
Acme Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Suraj Pandey | Managing Director |
| Sadhvi Pandey | Whole-Time Director |
| Dilip Kumar Agarwal | Chairman & Non-Executive Director |
| Ashwini Kumar Pandey | Non-Executive Director |
| Lakshmi Raman | Independent Director |
| Devdutt Gajanan Salpekar | Independent Director |
Acme Industries Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
Acme Industries Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Acme Industries Strengths
Diversified product portfolio
The company offers diverse railway coach products including braille signage, flooring, doors, seats and berths, sanitary ware, fire barriers, circuit breakers and hygiene solutions. Its turnkey furnishing, refurbishment and coach upgradation capabilities, supported by in-house manufacturing and third-party sourcing, help optimise costs while maintaining quality
Strategic partnerships
The company has established partnerships with global firms to introduce innovative products and services to Indian Railways, supporting improved safety, passenger experience and railway infrastructure. It continues to pursue new collaborations aligned with its focus on innovation and excellence
Integrated manufacturing plant
The company manufactures key railway coach products in-house, including sidewalls, ceilings, modular toilets, washbasins, dustbins and braille signage, supported by ISO 9001:2015 and ISO 15085 certifications. Its defined manufacturing processes and in-house testing facilities ensure quality compliance, improve process control and support timely delivery to Indian Railways
Acme Industries Risks
Seasonal revenue fluctuations
The company’s revenue is subject to seasonal fluctuations due to the timing of Indian Railways’ tenders and project execution schedules, which may depend on budgets, approvals and other external factors. Tender concentration, monsoons, logistical delays and policy changes may cause uneven revenue and profitability across periods
Working capital intensive
The company requires significant working capital for inventory, raw materials, bank guarantees, trade receivables and long product development cycles. Delayed customer payments, higher financing costs, increased working capital needs or difficulty obtaining funds may adversely affect its cash flows, profitability and financial condition
Global partnership risk
The company has entered into strategic tie-ups and exclusive collaborations with global entities to introduce advanced technologies, innovative products and specialised services to the Indian Railways ecosystem. Dependence on these partnerships exposes it to risks of non-renewal, termination, unfavourable changes, supply disruptions or regulatory issues, which may affect project execution, reputation, business operations and financial performance
IPO FAQs
This IPO consists of an offer for sale of up to Rs 15.7 crore, of 801,600 shares. It also consists of a fresh issue of Rs 106.0 crore.
The promoters of the company are Suraj Pandey and Sadhvi Pandey.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 186.0 - 196.0.
The IPO application opens on Sep 30, 2026 and closes on Oct 06, 2026.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 223,200.0, the maximum value for this IPO is Rs 235,200.0.
This IPO will be allotted on Oct 07, 2026.
The refund will be credited to your account on Oct 08, 2026.
The allotted shares will be credited to your demat on Oct 08, 2026.
Acme India Industries Ltd.’s shares listed on the stock exchanges on Oct 09, 2026.
