Acme India Industries Limited IPO
Listed 09 Oct 2026, 116× subscribed, on the SME platform.
What the filing says
Arithmetic on the offer document and exchange data.
The disclosed numbers are strong — 2 of 3 signals read positive
- Neutral: Steady revenue growthRevenue compounding at 11.2%
- Positive: Conservative balance sheetDebt/equity of 0.82×
- Positive: Institutions bid heavilyQIB portion subscribed 137.93×
Describes the offering as disclosed, pulled toward neutral for gaps; not a listing-price forecast or advice to apply.
Dates
Issuer's timetable, IST.
- 30 SeptBidding opens
- 6 OctBidding closesRetail UPI mandates by 5 pm IST
- 7 OctAllotmentStatus from Bigshare Services Private Limited
- 9 OctListingSME platform
- 30 SeptBidding opens
- 6 OctBidding closesRetail UPI mandates by 5 pm IST
- 7 OctAllotmentStatus from Bigshare Services Private Limited
- 9 OctListingSME platform
Demand and allotment odds
Times subscribed by investor category, one shared scale
- InstitutionsQIB138×
- Non-institutionalNII145×
- Above ₹10 lakhbNII242×
- ₹2–10 lakhsNII106×
- RetailRII85.50×
Max 242×, log scale; tick = 1× (fully subscribed). 1,88,962 applications.
How this is worked out
Retail is 85.5× subscribed. Allotment is a lottery on the minimum application, so roughly 1 in 85.5 applications gets one. Bidding for extra lots does not improve these odds.
How this is worked out
HNI is 145.11× subscribed. This category is allotted proportionately, so a bid receives roughly 1/145.1 of the shares applied for, subject to the minimum-lot draw.
From SEBI allotment rules. Retail is a lottery on the minimum (2 lots); more lots do not raise the odds.
Grey-market premium
Unofficial dealer quotes; not from NSE, BSE or SEBI.
over the upper band, rising since 29 Sept 2026
Unregulated and unverifiable; not a listing-price forecast. See recent outcomes.
The offering
Terms, and valuation at the upper band.
Terms
- Price band
- ₹186 – ₹196
- Face value
- ₹10.00
- Lot size
- 600 shares
- Minimum application
- ₹2,35,2002 lots at the upper band
- Total issue size
- —
- Anchor investors
- Allotted
- Registrar
- Bigshare Services Private Limited
- Lead managers
- Hem Securities Limited
- ISIN
- INE162701010
Company and valuation
- P/E at upper band
- —
- Debt to equity
- 0.82×
- ROE, latest period
- 30.65%
- ROCE, latest period
- 23.20%
- RoNW, latest period
- 23.52%
- PAT Margin, latest period
- 9.24%
- EBITDA Margin, latest period
- 15.10%
- NAV, latest period
- 59.94
- P/B (x), latest period
- 3.27
“Latest period” rows can be a part year, so ratios there may read low.
Who gets what
Split by investor category, and minimum bids.
- QIB47.4%
- NII (HNI)14.3%
- Retail33.2%
- Market Maker5.1%
| Category | Shares | Share of issue |
|---|---|---|
| QIB | 29,44,800 | 47.43% |
| Anchor Investor | 17,65,800 | 28.44% |
| QIB (Ex. Anchor) | 11,79,000 | 18.99% |
| NII (HNI) | 8,85,600 | 14.26% |
| bNII > ₹10L | 5,88,600 | 9.48% |
| sNII < ₹10L | 2,97,000 | 4.78% |
| Retail | 20,64,000 | 33.24% |
| Market Maker | 3,14,400 | 5.06% |
Total issue 62,08,800 shares. Indented rows sit inside the row above.
What each category may bid
- Individual investors (IND) (Min)
- ₹2,35,2002 lots, 1,200 shares
- Individual investors (IND) (Max)
- ₹2,35,2002 lots, 1,200 shares
- S-HNI (Min)
- ₹3,52,8003 lots, 1,800 shares
- S-HNI (Max)
- ₹9,40,8008 lots, 4,800 shares
- B-HNI (Min)
- ₹10,58,4009 lots, 5,400 shares
Small-HNI minimum is several lots, not one.
Anchor book
- Shares allotted
- 17,65,800 shares
- Anchor portion
- ₹34.61 Cr
- Bid date
- 29 Sept 2026
- Lock-in ends, first 50%
- 06 Nov 2026
- Lock-in ends, the rest
- 05 Jan 2027
Lock-in dates = when anchor shares may first be sold.
What the money is for
Stated use of net proceeds, ₹ Cr.
- Working capitalFunding to meet working capital requirements₹38.00 Cr
- Debt repaymentRepayment and/or pre-payment, in full or part, of borrowing availed…₹41.00 Cr
- CapexFunding Capital Expenditure towards purchase of additional plant &…₹6.27 Cr
- General purposesGeneral Corporate Purpose—
Unstated amounts (general purposes) mean the rows do not sum to the issue.
Financials
Restated, ₹ crore.
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 213.435 | — | 19.207 | — | — |
| 2025 | 209.995 | — | 16.457 | — | — |
| 2026 | 263.708 | — | 24.358 | — | — |
— = not printed.
Risks worth reading
Ranked by severity.
- Criminal proceedings disclosedmedium
Makwelld LLP has filed a criminal complaint before the Court of the Learned Judicial Magistrate First Class, East Delhi, Karkardooma Courts, Delhi, under Sections 138 read with Sections 139, 141 and 142 of the Negotiable Instruments Act, 1881, against Acme India Industries Limited and certain of…
mediumOur business operations and revenues are entirely dependent on the Indian Railways, with 91.54% of total revenue derived from them in Fiscal 2025. Any adverse change in Ministry of Railways policy may lead to contracts being foreclosed, terminated, or renegotiated.
mediumWe depend on the Indian Railways for a significant portion of contracts in our order book, which are awarded on a tender basis. There is no assurance that our bids will be accepted and future contracts will be awarded to us.
mediumThere are outstanding legal proceedings involving the Company, its Directors, and Promoters. The total amount in dispute for the Company is ₹1,913.20 lakhs, and for Promoters/Directors it is ₹2,001.30 lakhs.
Makwelld LLP has filed a criminal complaint before the Court of the Learned Judicial Magistrate First Class, East Delhi, Karkardooma Courts, Delhi, under Sections 138 read with Sections 139, 141 and 142 of the Negotiable Instruments Act, 1881, against Acme India Industries Limited and certain of its directors/officers in relation to alleged non-payment of dues for goods supplied by the complainant. The Company issued cheque no.
What happened to comparable issues
Last 8 listings, most comparable first. Context, not a forecast.
| Issue | Subscribed | Listing gain | Listing gain bar |
|---|---|---|---|
| Vedant Poly Fabs Limited | 1.9× | unchanged 0.0% | |
| Maxwell Engineering Solutions Limited | 491× | up +90.0% | |
| HGS (India) Limited | 231× | up +33.3% | |
| Ravita Engineering Services Limited | 6.7× | unchanged 0.0% | |
| Vaibhav Vyapaar Limited | 3.1× | down minus 2.0% | |
| R.K. Fashion Accessories Limited | 2.6× | down minus 2.4% | |
| Eventions Limited | 2.3× | down minus 5.9% | |
| Papadmalji Agro Foods Limited | 2.5× | up +0.4% |
Different companies at different prices. Bars share one scale (full = 90%).
Offer documents
Primary sources.
- PROSPECTUS30 Sept 2026AnalysisPDF (opens SEBI site in a new tab)
Common questions
What is the Acme India Industries Limited IPO GMP today?
The most recent grey-market premium recorded for Acme India Industries Limited is ₹65 per share — about 33.2% over the ₹196 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Acme India Industries Limited IPO subscribed?
Acme India Industries Limited is subscribed 115.51× overall (QIB 137.93×, NII 145.11×, retail 85.50×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Bigshare Services Private Limited.
What is the minimum investment in the Acme India Industries Limited IPO?
One lot is 600 shares, so a retail application at the ₹196 cut-off price blocks ₹1,17,600. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Acme India Industries Limited IPO?
The retail portion is subscribed 85.50×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 86. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Acme India Industries Limited IPO allotment date?
Allotment is scheduled for 2026-10-07, with listing on 2026-10-09. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, Bigshare Services Private Limited.
Source: offer document, NSE and BSE bidding data; allotment basis from the registrar. Grey-market premium is unofficial. For information only, not investment advice: consult a SEBI-registered adviser before applying.