Acme India Industries IPO
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Acme India Industries IPO details
Schedule of Acme India Industries
| Issue open date | 30 Sep 2026 |
| Issue close date | 06 Oct 2026 |
| UPI mandate deadline | 06 Oct 2026 (5 PM) |
| Allotment finalization | 07 Oct 2026 |
| Refund initiation | 08 Oct 2026 |
| Share credit | 08 Oct 2026 |
| Listing date | 09 Oct 2026 |
| Mandate end date | 21 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 05 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 04 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Acme India Industries
Acme India Industries operates in the Indian railway rolling stock sector, specializing in the design, manufacture, and maintenance of railway coach interiors. The company provides turnkey furnishing solutions for new railway coaches, refurbishment and conversion of existing coaches, and comprehensive lavatory upgrades. Its core business activities encompass designing and producing interior components such as wall panels, ceilings, toilet modules, wash basins, and mirror frames utilizing fibre-reinforced plastic and aluminum polymer composites. Revenue is primarily generated through turnkey contracts awarded on a competitive bidding basis by the Ministry of Railways, Indian Railways, and related public sector undertakings. Operating through multiple manufacturing units in Haryana, the company maintains internal capabilities to fabricate precision coach components and manage project execution across India. Focusing exclusively on passenger rail infrastructure, the company delivers integrated interior solutions tailored to meet functional, hygiene, and safety requirements specified by railway authorities.
Financials of Acme India Industries
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 121.69 |
| Fresh Issue – Proceeds go to the company | 105.98 |
| Offer for sale – Proceeds go to the existing investors | 15.71 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Funding to meet working capital requirements |
38(35.86%) |
| Repayment and/or pre-payment of borrowing | 41(38.69%) |
| Funding Capital Expenditure for plant & machinery | 6.27(5.92%) |
| General Corporate Purposes | 20.71 (19.53%) |
Strengths
- In-house manufacturing reduces reliance on third-party vendors.
- Proven execution of turnkey contracts for Indian Railways.
- Broad portfolio of interior panels and toilet modules.
- Strategic global tie-ups for advanced railway technology.
- Capacity expansion via planned machinery procurement.
Risks
- High working capital requirements strain liquidity.
- Revenue fully dependent on Indian Railways spending.
- Outstanding legal and tax proceedings against the company.
- Potential delays in executing planned capital expenditure.
- Strict quality inspections with risk of order cancellations.