Acme India Industries IPO
Acme India Industries LtdSME
This IPO opens on 30 Sep 2026.
- Open date
- 30 Sep 2026
- Close date
- 6 Oct 2026
- Min. Investment
- ₹2,35,200
- Lot Size
- -
- Fresh Issue
- ₹105.98 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- DRHP - PDF(opens in a new tab)
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Current step: IPO open date30 Sep 2026
- Upcoming: IPO close date6 Oct 2026
- Upcoming: Allotment date7 Oct 2026
- Upcoming: Funds unblock or debit8 Oct 2026
- Upcoming: Tentative listing date9 Oct 2026
About
Promoter shareholding in Acme India Industries Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Suraj Pandey | 1,57,69,200 | 87.29% | 1,49,67,600 | 63.77% |
| Sadhvi Pandey | 1,62,000 | 0.90% | 1,62,000 | 0.69% |
Financials of Acme India Industries IPO
| Key Performance Indicators | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Operating Revenue | - | - | - |
| Other Income | - | - | - |
| Total Income | 213.43 | 210.00 | 263.71 |
| Total Expenses | 189.09 | 189.32 | 234.67 |
| Profit Before Tax | - | - | - |
| Total Profit | 19.21 | 16.46 | 24.36 |
Acme India Industries IPO Strengths & Risks
- Established market presence in Indian railway sector with 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 at a favourably location with equipment supplied by domestic and globally renowned players
- Risks Relating to the Business: The company's business operations and revenues are entirely dependent on the Indian Railways. Any adverse change in policy of the Ministry of Railways, GOI "MoR" may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on the company's business and results of operations.
- Risks Relating to the Business: The company depends on the Indian Railways for a significant portion of contracts in its order book which are awarded on a tender basis. There is no assurance that the company's bids will be accepted and future contracts will be awarded to it by Indian Railways. This may result in an adverse effect on the company's business growth, financial condition and results of operations.
- Risks Relating to the Business: There are outstanding legal proceedings involving the Company, its Directors and the company's Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company is subject to strict quality requirements and customer inspections, and any failures to comply with quality standards may lead to rework/replacement of existing and future orders and could negatively impact the company's reputation and its business and results of operations and future prospects.
- Risks Relating to the Business: The company depends on a limited number of suppliers for raw materials. Any interruption in the availability of raw materials could adversely impact its operations. Further, any failures by the company's suppliers to provide raw materials to it on time or at all, or as per the company specifications and quality standards could have an adverse impact on its ability to meet the company's manufacturing and delivery schedules.
- Risks Relating to the Business: The company's business is substantially dependent on its ability to accurately carry out the pre-bidding studies for potential contracts. Any deviation during the execution of the purchase orders as compared to the company's pre-bid estimates could have a material adverse effect on its cash flows, results of operations and financial condition.
- Risks Relating to the Business: The company's business is subject to seasonal variations and cyclicality that could result in fluctuations in its results of operations.
- Risks Relating to the Business: The company operations are subject to high working capital requirements. If the company is unable to generates sufficient cash flows to allow it to make required payments, there may be an adverse effect on the company's results of operations.
- Risks Relating to the Business: The Company transferred personal assets and unidentified liabilities of M/s Acme India a proprietorship owned by Suraj Pandey, which does not originally belong to the Company. This may expose the company to unforeseen financial obligations, regulatory and reputational risks.
- Risks Relating to the Business: The company has had negative cash flows from operating and investing activities in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
- Risks Relating to the Business: There are certain discrepancies/errors noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Risks Relating to the Business: The company does not own its registered office, corporate office, factory and warehouse premises from which the company carry out its business activities. In case of non-renewal or termination of rent/lease agreements, or in the event of any dispute in relation to the uses of such premises, the company's business operations and results of operations may be materially and adversely affected.
- Risks Relating to the Business: The company Order Book may not be representative of its future results and the company's actual income may be significantly less than the estimates reflected in its Order Book, which could adversely affect the company's results of operations.
- Risks Relating to the Business: The company requires certain approvals, licenses, registrations and permits to operates its business, and failures to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operates the company's business may adversely affect its operations and financial conditions.
- Risks Relating to the Business: The company's Contingent Liability and Commitments could affect its financial position.
- Risks Relating to the Business: The Company's logo and word trademark is not registered as on Red Herring Prospectus. Its may be unable to protect the company's intellectual property against third party infringement or are found to infringe on the intellectual property rights of others, it could have a material adverse effect on the company's business, result of operations, and financial conditions.
- Risks Relating to the Business: The company's Subsidiary companies are in a similar line of business as it which may involve conflict of interest, which could adversely impact the company's business.
- Risks Relating to the Business: The company is dependent on its Promoters, the company's senior management and other key personnel, and the loss of, or its inability to attract or retain, such persons could affect the company's business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The Objects of the Offer for which funds are being raised, are based on the company's management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Offer"
- Risks Relating to the Business: A significant portion of the company's revenue is derived from turnkey furnishing work contracts. Any inability to anticipate or adapt to evolving product upgrades, ensure consistent product quality, or respond to a decline in demand for such products could adversely affect the company's revenue from operations and hinder its growth prospects.
- Risks Relating to the Business: Information relating to capacity utilization of the company's manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates. Under-utilization of capacity of its manufacturing facilities and an inability to effectively utilize the company's manufacturing facilities may have an adverse effect on its business and future financial performance.
- Risks Relating to the Business: The company is exposed to the risk of delays or non-payment by its clients and other counterparties, which may also result in cash flow mismatches.
- Risks Relating to the Business: An increase in raw material costs or other input costs or loss of any of the company's suppliers due to delayed payments or otherwise, resulting in shortfall in the supply of its raw material may adversely impact the pricing and supply of the company's products and have an adverse effect on its business.
- Risks Relating to the Business: The Company has not placed orders of plant & machinery for its proposed object as specified in the Objects of the Offer. Any delay in placing orders, procurement of plant & machinery may delay the company's implementation schedule and may also lead to increase in price of these plant & machinery and equipment, further affecting its revenue and profitability.
- Risks Relating to the Business: The company executed global tie-ups with multiple entities exposes it to risks of non-renewal, cancellation, or modification of such arrangements, which may adversely impact the company's business and results of operations.
- Risks Relating to the Business: There are certain delays noticed in some statutory filings with EPFO, ESIC, GST and other statutory authorities. Any Penalty or demand raised by statutory authorities in future may adversely affect its financial position of the Company.
- Risks Relating to the Business: The company may encounter delays in the implementation and execution of its orders.
- Risks Relating to the Business: The company's manufacturing activities requires deployment of labour and depends on availability of labour. In case of unavailability of such labour, its business operations could be affected.
- Risks Relating to the Business: The company's Promoter and Promoter Group members & Group Company has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations and cash flows may be adversely affected by the invocation of all or any personal guarantees provided by the company's Promoter and Promoter Group members and Group Company.
- Risks Relating to the Business: The company's insurance coverage may or may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on the company's business.
- Risks Relating to the Business: The company's business is dependent on its manufacturing facilities and the company is subject to certain risks in its manufacturing process. Obsolescence, destruction, theft, breakdowns of the company's major plants or machineries or failures to repair or maintain the same may affect its business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: Compliance with labour law, labour shortage, strikes, work stoppages or increased wage demands by the company's employees or any other kind of disputes with its employees could adversely affect the company's business and results of operations.
- Risks Relating to the Business: The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect the company's business, prospects, financial condition and results of operations.
- Risks Relating to the Business: If the company is unable to manage its growth effectively or if the company's estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, the company's business and prospects may be materially and adversely affected.
- Risks Relating to the Business: The company's actual results could differ from the estimates and projections used to prepare its financial statements.
- Risks Relating to the Business: Unsecured loans taken by the company may be recalled at any time.
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses some of its Directors (Promoters) are interested in the Company to the extent of their shareholding and dividend entitlement.
- Risks Relating to the Business: Dependence upon transportation services for supply and transportation of the company's products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- Risks Relating to the Business: The company is subject to competition from both organized and unorganized players in the market, which may significantly affect the fixation and realization of the price for its product, which may adversely affect the company's business operation and financial condition.
- Risks Relating to the Business: Changes in technology may render the company's current technologies obsolete or requires it to undertake substantial capital investments, which could adversely affect the company's results of operations.
- Risks Relating to the Business: Some of the vehicles appearing in the company books of accounts are not registered in the name of the Company.
- Risks Relating to the Business: Liquidity Risk and Dependence on Market Maker Continuity on the BSE SME Platform.
- Risks Relating to the Business: Adverse publicity regarding its products could negatively impact the company.
- Risks Relating to the Business: The company may not be successful in implementing its business strategies.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Offer proceeds may delay the implementation schedule.
- Risks Relating to the Business: The company is subject to restrictive convents under its credit facilities that limit the company operational flexibility.
- Risks Relating to the Business: The company's lenders have charge over assets in respect of finance availed by the company.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to do so in the future.
- Risks Relating to the Business: The Company will not receive any proceeds from the Offer for Sale portion, and the Promoter Selling Shareholder shall be entitled to the Offer Proceeds to the extent of the Equity Shares offered by the Selling Shareholder in the Offer for Sale.
- Risks Relating to the Business: The company has incurred indebtedness which exposes it to various risks which may have an effect on the company's business and results of operations.
- Risks Relating to the Business: None of the company's Directors have prior experience serving on the board of a listed company, which may affect its ability to efficiently discharge certain responsibilities as a listed entity.
- Risks Relating to the Business: The requirements of being a public listed company may strain its resources and impose additional requirements.
- Risks Relating to the Business: The company is subject to the risk of failures of, or a material weakness in, its internal control systems. If the company is unable to establish and maintain an effective system of internal controls and compliances business and reputation could be adversely affected.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoter, are lower than the face value of Equity Share.
- Risks Relating to the Business: The Objects of the Offer for which funds are being raised have not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company profitability adversely.
- Risks Relating to the Business: The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: Any future issuance of Equity Shares, or convertible securities or other equity linked securities by the company and any sale of Equity Shares by its significant shareholders may dilute your shareholding and adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: The company's Promoter and Promoter Group will jointly continue to retain majority shareholding in the Company after this Offer which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- Risks Relating to the Business: This Red Herring Prospectus contains information from an industry report which the company has paid for and commissioned from D&B, appointed by the Company. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Risks Relating to the Business: The Offer Price of the company's Equity Shares may not be indicative of the market price of its Equity Shares after the Offer and the market price of the company's Equity Shares may decline below the Offer Price and you may not be able to sell your Equity Shares at or above the Offer Price.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE in a timely manner or at all.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: The Company has during the preceding one year from the date of the Red Herring Prospectus have allotted Equity Shares at a price which may be lower than the Offer Price.
- Risks Relating to the Business: Significant differences exist between Ind AS and other accounting principles, such as Indian GAAP, IFRS and U.S. GAAP, which may be material to investors assessments of the company's financial condition, result of operations and cash flows.
- Risks Relating to the Business: Any of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.
- Risks Relating to the Business: The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of the company's Equity Shares.
