Acme India Industries IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band
₹196
Lot Size
600 shares
Min. Investment
₹1,17,600
Total Issue Size
₹121.69 Cr
62,08,673 shares
Fresh Issue
₹105.98 Cr
54,07,200 shares
Offer for Sale
₹15.71 Cr
8,01,600 shares
Face Value
₹10 per share
Issue Type
Book-built IPO
Listing At
BSE SME
Shares Pre-Issue
1,80,65,000
Shares Post-Issue
2,34,72,200

Lot Size & Investment

1 lot = 600 shares

Retail (min)

1 lot · 600 shares

Retail (max)

1 lot · 600 shares

S-HNI (min)

2 lots · 1,200 shares

ApplicationLotsSharesAmount
Individual21,200₹2,35,200
Small HNI (S-HNI)31,800₹3,52,800
Big HNI (B-HNI)95,400₹10,58,400

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets382.79272.45217.6
Total Income267.89213.45215.02
Profit After Tax24.3616.4619.21
EBITDA39.8228.7629.57
Net Worth103.5555.3735.63
Reserves & Surplus85.4838.5827.35
Total Borrowing85.1881.1769.8

Key Performance Indicators

Key performance indicators
PeriodMar-26Mar-25Mar-24
ROCE (%)23.224.0330.08
EPS (₹)14.19.9111.68
P/E (pre-issue)13.9——
P/E (post-issue)18.89——

About Acme India Industries

Incorporated in December 2021, Acme India Industries designs, manufactures and maintains interiors for Indian Railways rolling stock, having taken over the promoter's proprietorship business that started in 2012. Most work is won through railway tenders. The company furnishes new coaches on a turnkey basis, including LHB variants and self-propelled units, at MCF Raebareli, ICF Chennai and RCF Kapurthala, and has delivered 1,610 coaches across 28 projects since 2017. It also refurbishes and upgrades LHB and ICF coaches, with 1,888 completed as at 30 June 2026, and has carried out 10,948 coach toilet upgradations.

Company Information

Strengths (from RHP)

  • The company works directly at three major railway coach factories and has a delivery record stretching back to 2017.
  • A disclosed order book gives some visibility over near-term revenue.
  • The promoters and board have direct experience of railway contracting.

Key risks (from RHP)

  • Indian Railways is effectively the sole customer, so budget and procurement decisions there determine revenue.
  • Work is won through competitive tenders, which neither guarantees continuity nor protects margins.
  • Legal proceedings involving the company are outstanding, as disclosed in the offer document.
Book running lead managers
  • Hem Securities Limited
Registered office
Plot No-34, Second Floor Dwarka Sector-3, New Delhi, Delhi, 110078

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