Acme India Industries IPO: Latest Update
Acme India Industries IPO is currently open for subscription and is scheduled to close on October 5, 2026. The company is raising ₹121.69 crore through a combination of a fresh issue and an offer for sale. The IPO is being offered as an SME book-built issue, with the proposed shares to be listed on the SME platform.
The price band has been fixed at ₹186 to ₹196 per share, while the lot size is 600 shares. At the upper price band, one lot represents an application value of ₹1,17,600. However, the applicable minimum retail bid structure can require a higher application depending on the category and bidding rules.
Acme India Industries IPO Details
| Particular | Details |
|---|---|
| IPO Name | Acme India Industries IPO |
| IPO Type | SME IPO |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Price Band | ₹186 – ₹196 |
| Lot Size | 600 Shares |
| Issue Size | ₹121.69 Crore |
| Fresh Issue | ₹105.98 Crore |
| Offer for Sale | ₹15.71 Crore |
| Face Value | ₹10 |
| Issue Type | Book Built |
| Listing Platform | SME Exchange |
| Allotment | 6 October 2026 |
| Refund | 7 October 2026 |
| Share Credit | 7 October 2026 |
| Listing | 8 October 2026 |
| Lead Manager | Hem Securities |
| Registrar | Bigshare Services |
The issue consists of 62.088 lakh shares, including the fresh issue and OFS component.
Acme India Industries IPO GMP Today
The latest grey-market premium data for Acme India Industries was not reliably available from the current sources checked, so a specific GMP figure has not been included here.
Grey market premium is an unofficial indicator and can change frequently. For an IPO article, it is preferable to report the GMP only when a current figure can be verified rather than use an outdated or unconfirmed number.
Acme India Industries IPO Subscription Status
The latest available subscription figures, reported at the end of October 1, 2026, showed the IPO subscribed 1.90 times overall.
| Category | Subscription |
|---|---|
| QIB | 5.70x |
| NII | 0.62x |
| Retail | 0.48x |
| Total | 1.90x |
The QIB portion recorded the strongest participation at 5.70x, while the NII and retail portions were still below 1x at that point. On the first day, the issue had received around 1.63x overall subscription.
Since bidding remains open until October 5, the final subscription numbers can change substantially during the remaining sessions.
What Does Acme India Industries Do?
Acme India Industries operates in the Indian railway rolling-stock sector, with a focus on designing, manufacturing, supplying, installing and providing warranty maintenance for railway coach interiors and related components.
The company works largely through tender-based business and has developed products and solutions for railway coaches, including projects connected with Vande Bharat trains and other railway applications.
Its operating history includes orders for Vande Bharat coaches, coach interior projects and railway-related products. The company has also expanded into areas such as specialized doors and passenger information-related systems for railway and metro applications.
Acme India Industries Railway Business
Railway coach interiors form an important part of the company's business. Its activities cover the supply and installation of interior components and related solutions required during coach manufacturing and upgrading.
According to the company's disclosed milestones, it received its first Vande Bharat coach order in 2023 and subsequently secured orders covering hundreds of coaches. In 2024, it also received a Vande Bharat sleeper-class mock-up order.
The company received orders for wagon repair in 2026 and reported a significant order book related to toilet upgradation projects, indicating that its business extends beyond new coach manufacturing into railway refurbishment and upgrading work.
IPO Fund Utilisation
A major portion of the fresh issue proceeds is planned for strengthening the company's working capital and reducing borrowings.
The disclosed utilisation includes approximately ₹38 crore for working capital and around ₹41 crore for repayment or prepayment of borrowings. Another ₹6.27 crore is planned for capital expenditure toward additional plant and machinery.
| Purpose | Amount |
|---|---|
| Working Capital | ₹38 Crore |
| Debt Repayment / Prepayment | ₹41 Crore |
| Plant & Machinery | ₹6.27 Crore |
| General Corporate Purposes | Balance |
The proposed use of funds therefore combines operating requirements, debt reduction and capacity-related expenditure.
Acme India Industries Financial Performance
Acme India Industries has reported growth in revenue and profitability over the financial years covered in its IPO-related financial information.
According to the latest available financial data, the company reported:
| Financial Year | Revenue / Sales | PAT |
|---|---|---|
| FY2023 | ₹137.19 Cr | ₹7.56 Cr |
| FY2024 | ₹213.42 Cr | ₹18.97 Cr |
| FY2025 | ₹226.01 Cr | ₹19.92 Cr |
| FY2026 | ₹263.71 Cr | ₹24.36 Cr |
The company's FY2026 sales turnover was about ₹263.71 crore and reported PAT was approximately ₹24.36 crore. EBITDA increased to around ₹46.90 crore in FY2026 from ₹34.74 crore in FY2025.
The financial trend shows an increase in operating scale over the period, although investors tracking the company can also examine debt, working-capital requirements and the tender-based nature of its business.
Acme India Industries Order Book and Railway Projects
The railway sector remains central to Acme India Industries' operations. The company's disclosed milestones show orders across coach interiors, Vande Bharat-related work, railway toilets and wagon repair.
One of the company's 2026 milestones was an order for wagon repairs worth approximately ₹27.58 crore, while the company also reported a toilet-upgradation order book of around ₹257.99 crore.
The order pipeline is an important part of the company's business model because railway projects are generally linked to tender awards, execution schedules and customer requirements.
Promoter Shareholding
Before the IPO, promoters held approximately 88.19% of Acme India Industries. Following the issue, promoter ownership is expected to decline as the public shareholding increases.
The IPO therefore also changes the company's ownership structure as it moves from a closely held business toward a publicly traded SME.
Key Business Areas
Acme India Industries has built its operations around several railway-related activities, including:
- Railway coach interior solutions
- Vande Bharat coach-related products
- Coach refurbishment and upgrading
- Railway toilet upgradation
- Wagon repair work
- Specialized railway doors
- Passenger information and related systems
- Design, manufacturing, installation and maintenance services
The company has also entered into arrangements relating to specialized doors and passenger information systems for Vande Bharat trains and metro applications.
Acme India Industries IPO Timeline
| Particular | Date |
|---|---|
| IPO Opens | 30 September 2026 |
| IPO Closes | 5 October 2026 |
| Allotment | 6 October 2026 |
| Refund Initiation | 7 October 2026 |
| Share Credit | 7 October 2026 |
| Listing | 8 October 2026 |
The IPO schedule currently places the allotment on October 6 and the proposed listing on October 8, although some market portals display different listing dates. The IPO dashboard data from Economic Times currently shows October 8.
Acme India Industries IPO: Important Points to Track
Acme India Industries' IPO combines a railway-focused manufacturing and services business with a fresh capital raise. The company plans to direct a significant part of the proceeds toward working capital and debt repayment, while a smaller portion is earmarked for additional plant and machinery.
The latest subscription figures show strong QIB participation, while retail and NII bidding had not yet crossed 1x as of October 1. Investors following the issue can monitor the final category-wise subscription, any available GMP updates and the company's order execution as the IPO approaches its closing date.
With the IPO scheduled to close on October 5, 2026, the final bidding figures will provide a clearer picture of demand across investor categories before the proposed allotment and listing process.
Acme India Industries IPO Closing Update
Acme India Industries is positioned in a specialised segment of India's railway supply chain, with business exposure to coach interiors, railway upgrades, wagon repairs and related infrastructure requirements. Its recent financial results show rising revenue and profit, while the IPO proceeds are primarily directed toward working capital and debt-related requirements.
The latest available subscription data stands at 1.90x overall as of October 1, with QIBs at 5.70x, NII at 0.62x and retail at 0.48x. These figures remain subject to further bidding before the IPO closes.
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