Acme India Industries Open
What they do: Acme India Industries Limited operates a diversified business model with revenue generated from operations and other income. The company focuses on manufacturing and trading activities, supported by a robust supply chain and strategic partnerships.
By IPO Milega Research · Published
Acme India Industries Limited shows strong financial fundamentals with consistent revenue growth, increasing profitability, and a manageable debt profile.
- GMP (unofficial)
- N/A
- Grey market premium
- Opens
- 30 Sept
- Closes 6 Oct
- Min. investment
- ₹2,35,200
- 1200 shares
GMP is an unofficial grey market indication.
- Price band
- ₹196
- Lot size
- 1200 shares
- Min. investment
- ₹2,35,200
- Issue size
- N/A
- Open30 Sept 2026
- Close6 Oct 2026
- Allotment7 Oct 2026
- Listing9 Oct 2026
Overview
Grey market data isn't available for this issue, so the gains estimate uses fundamentals only and ignores listing-day sentiment.
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials8.0
- Performance8.0
- Flexibility8.0
- Timing7.0
- Risk4.0
The approximate gains potential is based on the company's strong financial fundamentals, consistent revenue growth, and strategic market positioning. However, the absence of GMP data limits the precision of this estimate.
Strengths3
- Completed 1,610 turnkey furnishing projects.
- Refurbished 1,888 coaches and upgraded 10,948 toilet units.
- Secured significant contracts, including orders for over 1,417 coaches.
Concerns5
- Heavy reliance on Indian Railways for revenue.
- Significant outstanding legal proceedings and contingent liabilities.
- High trade receivables and overdue payments.
- Potential conflicts of interest in joint ventures.
- Risk of non-renewal of strategic partnerships.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,35,2002 lots, 1200 shares
- Retail Maximum2,35,2002 lots, 1200 shares
- S-HNI Minimum3,52,8003 lots, 1800 shares
- S-HNI Maximum9,40,8008 lots, 4800 shares
- B-HNI Minimum10,58,4009 lots, 5400 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 1200 | 2,35,200 |
| Retail Maximum | 2 | 1200 | 2,35,200 |
| S-HNI Minimum | 3 | 1800 | 3,52,800 |
| S-HNI Maximum | 8 | 4800 | 9,40,800 |
| B-HNI Minimum | 9 | 5400 | 10,58,400 |
Timing
7.0/10The IPO is strategically timed to take advantage of favorable market conditions, with a structured approach to investor allocation and a reputable lead manager. This suggests a well-planned entry into the market, likely to attract significant interest from both institutional and retail investors.
- Time to market
- The company has transitioned from a private to a public entity in a relatively short period, indicating a proactive approach to market entry. This swift transition suggests a readiness to capitalize on current market conditions, enhancing the attractiveness of the IPO.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- BSE SME
Key milestones
- 30 Sept 2026IPO Opens
- 6 Oct 2026IPO Closes
- 7 Oct 2026Basis of Allotment
- 8 Oct 2026Refunds Initiated
- 8 Oct 2026Credit to Demat Account
- 9 Oct 2026Listing Date
Financials
8.0/10- Revenue
- ₹268 Cr
- +25.5%
- Profit after tax
- ₹24.36 Cr
- +48.0%
- Net margin
- 9.1%
- +1.4 pts
- Assets
- ₹383 Cr
- +40.5%
- Return on equity
- 23.52%
- Debt to equity
- 0.01
- Current ratio
- 1.26
- Revenue CAGR
- 7.71%
- ROCE
- 23.20%
- Return on net worth
- 23.52%
- NAV per share (₹)
- 59.94
Financial performance trend
Amount ₹ in croresAcme India Industries Limited shows strong financial fundamentals with consistent revenue growth, increasing profitability, and a manageable debt profile. The company has demonstrated a solid revenue CAGR of 7.71% over the past three years, with a significant increase in net profit margins. The debt-to-equity ratio is low, indicating a conservative approach to leverage.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks4
- Operational risks2
Acme India Industries faces high financial and operational risks due to revenue concentration, legal disputes, and contingent liabilities.
How the company offsets these
Diversify client base and strengthen legal and financial controls.
Financial risks4
- Heavy reliance on Indian Railways for revenue.
- Significant outstanding legal proceedings and contingent liabilities.
- High trade receivables and overdue payments.
- Outstanding tax disputes and potential financial penalties.
Operational risks2
- Potential conflicts of interest in joint ventures.
- Risk of non-renewal of strategic partnerships.
Performance
8.0/10Acme India Industries Limited, established in 2021, operates in the Indian railway rolling stock sector, focusing on railway coach interiors. The company has demonstrated strong growth and operational execution, with a significant order book and successful completion of numerous projects. Financially, the company has shown consistent revenue growth and profitability, supported by a robust management team with extensive industry experience.
- Historical growth
- consistent, high
- Market comparison
- Acme India Industries Limited is well-positioned in the railway rolling stock sector, with a strong focus on modernization and refurbishment, aligning with Indian Railways' initiatives.
- Future potential
- The company is expected to continue its growth trajectory, driven by ongoing modernization efforts in Indian Railways.
- Operational consistency
- The company has maintained stable revenue growth and profitability over the past three years, with no history of strikes or defaults.
- Experience
- Suraj Pandey has over 15 years of industry experience, and Sadhvi Pandey has approximately 10 years.
- Track record
- The management has successfully led the company through significant growth and operational milestones.
Key achievements
- 01Completed 1,610 turnkey furnishing projects.
- 02Refurbished 1,888 coaches and upgraded 10,948 toilet units.
- 03Secured significant contracts, including orders for over 1,417 coaches.
Flexibility
8.0/10The company has a strong presence in the Indian railway sector, with a diversified range of products and services, including turnkey furnishing, refurbishment, and upgradation of railway coaches. It has established multiple global tie-ups to enhance its offerings and maintain competitiveness.
The company shows robust financial performance with increasing revenue and profitability. It has a healthy order book and plans to use IPO proceeds to strengthen its financial position by repaying debt and funding working capital.
Acme India Industries has demonstrated operational agility by expanding its product offerings and entering new segments like repair and technological solutions for railways. It maintains a strong focus on quality and timely delivery.
Acme India Industries Limited demonstrates strong flexibility and adaptability in the Indian railway sector, with a diversified product portfolio, robust financial performance, and strategic growth plans.
- Product diversification
- The company offers a wide range of products and services, including braille signage, epoxy flooring, sanitary ware, and turnkey furnishing solutions for railway coaches.
- Future adaptability
- The company plans to enter the repair segment and expand its technological offerings, such as CCTV surveillance and public information systems, indicating strong potential for future adaptability.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.