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Acme India Industries IPO
Price Band
₹186.0–196.0
Issue Size
₹121.69 Cr
Lot Size
600 shares
Min Investment
₹235,200
2 LOTS MIN
GMP
+₹30.0 (15.31%)
Issue Price
₹196.0
Subject to Sauda
₹13700
Paid only if allotted
Acme India Industries IPO AI Summary
- Acme India Industries IPO is upcoming on BSE SME in the Railways sector.
- Price band: ₹186.0–₹196.0 per share, lot size 600 shares (min. investment ₹235,200, 2 lots minimum).
- Subscription window: 30 Sep–06 Oct 2026, listing on 09 Oct 2026.
- Current GMP is +₹30.0 (15.31%), an estimated listing price of ₹226 — unofficial and can change daily.
Acme India Industries is set to launch its IPO, focusing on the railway sector with a strong order book and diversified offerings. The company has shown positive trends in revenue and profitability, making it an interesting option for investors considering exposure to the railway industry.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
IPO not open yet
Opens 30 Sep 2026 · in 2 days
Acme India Industries IPO Grey Market Premium (GMP) Today
GMP
+₹30.0
GMP %
+15.31%
Est. Listing
₹226.0
Updated: 28 Sep 2026 01:45
GMP Trend (Last 3 Days)
TopFund Score — Listing Data Indicator
GMP is 15.3% above issue price
Subscription not open yet
No anchor allocation for this IPO
Similar IPOs (same IPO type) averaged 30.9% listing gain
A rules-based composite of GMP, subscription demand, anchor participation and comparable-IPO history — each weighted as shown above. Not a statistically validated probability, a guarantee of listing performance, or personalized investment advice.
Limitations: weights are fixed by TopFund, not backtested against outcomes; the "Historical Similar-IPO Performance" factor needs at least 3 comparable past listings and falls back to a broader, less specific cohort when this sector/type doesn't have enough; GMP and subscription data can change daily right up to listing day, so scores shown may already be stale — check the "as of" date above.
About the Company
Acme India is engaged in the Indian railway rolling stock sector, with a strong focus on designing, manufacturing, and maintaining railway coach interiors. The company works mainly through government tenders and provide turnkey solutions for furnishing new railway coaches, refurbishing old ones, and upgrading coach toilets. It also manufacture and supply various components to Indian Railways, ensuring our products meet their standards for comfort, safety, hygiene, and functionality. Service offerings: Turnkey Coach Furnishing: Design and install interiors for new railway coaches including LHB coaches, Vande Bharat trains, inspection and overhead equipment coaches. Since 2017, it has delivered 1,610 new coaches. Refurbishment & Upgradation: We upgrade both LHB and ICF coaches by replacing old parts and redesigning interiors. Since 2018, it has refurbished 1,888 coaches. Toilet Modernization: The company has successfully completed over 10,948 toilet upgrades in LHB and ICF coaches, focusing on hygiene and passenger comfort. Component Supply: It regularly supply products like Braille signage, FRP and aluminum polymer composite sanitary ware, Epoxy flooring, FRP doors, seat and berth components, Hygiene products (soap dispensers, odor control systems), Fire-retardant decorative coatings, andVacuum circuit breakers The company operates two manufacturing units in Sonipat, Haryana, covering 116,000 sq. ft., with in-house lab and testing facilities. Modern Coach Factory, Raebareli, North Eastern Railway, Gorakhpur, and Northern Western Railway, Jodhpur are some of the notable projects. As on August 31, 2025, the company’s order book stood at Rs 40,208.20 lakhs. Competitive Strengths Established market presence in Indian railway sector Diversified range of products and services under one roof Healthy portfolio of order book Experienced Promoters with strong management team having domain knowledge Multiple Global Tie ups and representations Fully integrated manufacturing plant set up
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 382.79 | 272.45 | 217.60 |
| Total Income | 267.89 | 213.45 | 215.02 |
| Profit After Tax | 24.36 | 16.46 | 19.21 |
| EBITDA | 39.82 | 28.76 | 29.57 |
| NET Worth | 103.55 | 55.37 | 35.63 |
| Reserves and Surplus | 85.48 | 38.58 | 27.35 |
| Total Borrowing | 85.18 | 81.17 | 69.80 |
Key Ratios
EPS
₹13.48
NAV
₹59.94
ROE
30.65%
ROCE
23.20%
RoNW
23.52%
P/B Value
3.27
P/E Ratio
14.54
Market Cap
₹460.06 Cr
PAT Margin
9.24%
Debt/Equity
0.82
Promoters
Suraj Pandey, Sadhvi Pandey
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding to meet working capital requirements 38.00 2 Repayment and/or pre-payment, in full or part, of borrowing availed by Company 41.00 3 Funding Capital Expenditure towards purchase of additional plant & machinery 6.27 4 General Corporate Purposes Total 85.27
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Total income was ₹215.02 Cr in the period ending 31 Mar 2024, slightly decreasing to ₹213.45 Cr by 31 Mar 2025, before rising to ₹267.89 Cr by 31 Mar 2026. This indicates a recovery in revenue after a minor decline.
Profit Trend
Profit After Tax was ₹19.21 Cr in the period ending 31 Mar 2024, increasing to ₹16.46 Cr by 31 Mar 2025, and then rising to ₹24.36 Cr by 31 Mar 2026. This shows a positive trend in profitability over the periods analyzed.
Valuation
The company's implied P/E at the issue price of ₹196.0 is approximately 14.54, which is in line with the peer group's P/E range.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It can provide insights into the demand for the IPO, often reflected in the Grey Market Premium (GMP), which indicates how much higher or lower the shares are expected to trade compared to the issue price on listing day.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's market position and growth potential.
Who May Want to Wait
Investors who prefer stable, low-risk investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on September 30, 2026, and closes on October 6, 2026. Allotment of shares will be finalized on October 7, 2026, with the listing on the stock exchange scheduled for October 9, 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market conditions and investor sentiment. While some IPOs may see significant gains on their first day, others may not perform as expected, leading to potential losses.
This evaluation is generated from Acme India Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Acme India Industries IPO GMP today?
Acme India Industries IPO GMP today is +₹30.0 (15.31%), indicating an estimated listing price of ₹226. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Acme India Industries IPO?
The price band of Acme India Industries IPO is ₹186.0–₹196.0 per share.
When does Acme India Industries IPO open and close?
Acme India Industries IPO opens on 30 September 2026 and closes on 06 October 2026.
When does Acme India Industries IPO list on the stock exchange?
Acme India Industries IPO is scheduled to list on 09 October 2026, with an estimated listing price of ₹226.0 based on current GMP.
What is the lot size for Acme India Industries IPO?
The lot size for Acme India Industries IPO is 600 shares, requiring a minimum investment of ₹235,200 (2 lots).
What is the TopFund Listing Data Indicator for Acme India Industries?
Acme India Industries's Listing Data Indicator score is 67/100 (High signal), a weighted composite of GMP strength, subscription demand, anchor investor interest and how similar past IPOs performed on listing. It's a rules-based summary of public market data, not a statistically validated probability, a guarantee, or personalized investment advice.
What is the price band for the IPO?
The price band for the IPO is ₹186.0 to ₹196.0.
What is the minimum investment required?
The minimum investment required is ₹235,200, which is for a lot size of 600 shares.
When does the IPO open and close?
The IPO opens on September 30, 2026, and closes on October 6, 2026.
When will the shares be listed?
The shares are expected to be listed on October 9, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which the IPO shares might trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Sep 2026
Close
06 Oct 2026
Allotment
07 Oct 2026
Listing
09 Oct 2026
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