Acme India Industries IPO

Listed SME
Min Investment
₹2,35,200
1200 Shares
Min Investment
₹2,35,200 · 1200 Shares
Price Band ₹186–196
Lot Size 600 shares
Issue Size ₹122 Cr
Listed At ₹221.00 +12.8%
Subscribed 124.31×
Listed On BSE SME

Acme India Industries IPO Listing Day Performance

Acme India Industries listed on BSE SME on 09 October 2026 at ₹221.00, a 12.76% premium over the issue price of ₹196. A retail investor allotted the minimum application of 1,200 shares (2 lots) gained ₹30,000 at the listing price.

Issue price
₹196
upper band
Listing price
₹221.00
pre-open auction
Listing gain
+12.76%
+₹25 per share
Profit per application
+₹30,000
1,200 shares

GMP vs actual listing

Last GMP before listing₹43 (+21.9%)
GMP-implied listing₹239
Actual listing₹221.00
Difference−₹18 (−7.5%)

Demand going into listing

Subscribed overall124.31×
QIB137.93×
NII196.62×
Retail85.5×
Listing price = opening price from the exchange's pre-open call auction on listing day. Watch live price

Market Sentiment

Grey Market Premium What is GMP?
+₹43
+21.9% ▲ ₹2 since last update
Est. listing ₹239
Upper price ₹196
GMP range ₹35 – ₹68
06 Oct · ₹38 08 Oct · ₹43
Updated 08 Oct, 9:26 pm IST Unofficial grey-market data
GMP estimate ₹239
Actual listing ₹221
Listed below the GMP estimate by ₹18 (-7.5%)
Subscription Status
QIB
137.93x
NII
196.62x
bNII (>10L)
241.47x
sNII (2-10L)
106.94x
Retail
85.50x
Total
124.31x
Updated: Oct 06, 2026 5:58 pm IST
Analysis Score 68 / 100
Data: 80%
GMP Score · 44% weight 63
Subscription Score · 38% weight 75
Financial Health · 19% weight 66
Weighted average of the parts above; updates as GMP and subscription change. not investment advice.

IPO Details

Price Band₹186–196 per equity share
Face Value₹10 Per Equity Share
Lot Size 600 shares (Min 2 lots · ₹2,35,200)
Total Issue Size ₹122.00 crore
Fresh Issue₹105.98 crore
Offer For Sale₹16.02 crore
Fresh vs OFS
Fresh 87% · to the company OFS 13% · to selling shareholders
Issue TypeBook build Issue
Lead Manager Hem Securities Ltd.
Registrar Bigshare Services Pvt. Ltd.
PromotersSuraj Pandey and Sadhvi Pandey
Listing atBSE SME
BSE Code544981
ISININE162701010
Listing Price₹221.00
Listing Gain+12.76%

Day-wise Subscription (times subscribed)

QIB
NII
Retail
Total
Each panel has its own scale.
Category Day 1 Day 2 Day 3 Day 6 Final
QIB 5.70x 5.70x 5.70x 5.70x 137.93x
NII 0.21x 0.84x 0.84x 3.71x 196.62x
bNII > ₹10L 0.24x 1.07x 1.07x 4.25x 241.47x
sNII 2-10L 0.15x 0.40x 0.40x 2.64x 106.94x
Retail 0.17x 0.48x 0.48x 2.82x 85.50x
Total 1.76x 2.05x 2.05x 3.84x 124.31x

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 1,200 ₹2,35,200
Retail Maximum 2 1,200 ₹2,35,200
S-HNI Minimum 3 1,800 ₹3,52,800
S-HNI Maximum 8 4,800 ₹9,40,800
B-HNI Minimum 9 5,400 ₹10,58,400

IPO Reservation

QIB 20% NII 15% Retail 35% Anchor 30%
Category Shares Offered Shares %
QIB11,79,00020.00%
NII (HNI)8,85,60015.02%
bNII > ₹10L5,90,40010.02%
sNII < ₹10L2,95,2005.01%
Retail20,64,00035.02%
Anchor17,65,80029.96%
Total58,94,400

Financial Analysis

Financial Data

EPS (Pre)
₹14.10
ROE
23.52%
ROCE
23.20%
RoNW
23.52%
EBITDA Margin
15.10%
Debt/Equity
0.82
NAV/Share
₹59.94
Revenue Growth
25.50%
Profit Margin
9.09%

Financial Performance

2026 vs 2025 Revenue +25.5% Profit (PAT) +48.0% Total Assets +40.5%
Metric 2024 2025 2026
Revenue 215.02 213.45 267.89
Expense 189.08 189.32 234.67
Profit (PAT) 19.21 16.46 24.36
Total Assets 217.60 272.45 382.79
Values in Crores (₹)

Strengths & Risks

Strengths
  • Heavily oversubscribed — 124.3x overall (final).
  • Strong institutional (QIB) demand — 137.9x.
  • Revenue grew 26% in the latest reported year.
  • Solid profit margin — 9.1%.
  • Strong return on equity — 24%.
Risks & Concerns
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

From this issue's live data. Not investment advice — read the RHP.

Company Information

Acme India Industries at a glance

From the company's description: “Founded in December 2021, Acme India Industries has been involved in the Indian railway rolling stock sector, and it designs, manufactures, supplies, installs, and provides warranty maintenance for railway coach interiors and components.”

Acme India Industries is raising ₹122 crore through an IPO on the BSE SME. Of that, ₹106 crore is a fresh issue — new shares, with the money going to the company — and ₹16.02 crore is an offer for sale by existing shareholders, who keep those proceeds; 87% of the issue therefore reaches the business. Main stated uses of the fresh money: Repayment and/or pre-payment, in full or part, of borrowing availed by Company (₹41 crore), Funding to meet working capital requirements (₹38 crore) and Funding Capital Expenditure towards purchase of additional plant & machinery (₹6.27 crore).

Revenue went from ₹215 crore in 2024 to ₹268 crore in 2026, up 25% over 2 years. Profit after tax went from ₹19.21 crore to ₹24.36 crore, a net margin of 9.1% in the latest year. The path was not a straight line: revenue dipped in between before recovering.

Debt stands at 0.82 times equity.

Written from the issue's offer-document figures shown on this page. Not investment advice.

Company Contact Information

Acme India Industries Ltd., Plot No-34,, Second Floor Dwarka Sector 3,, Delhi, New Delhi, 110078

Objects of the Issue

Purpose Amount (Cr)
Funding to meet working capital requirements 38.00
Repayment and/or pre-payment, in full or part, of borrowing availed by Company 41.00
Funding Capital Expenditure towards purchase of additional plant & machinery 6.27
General Corporate Purposes -

Resources & Documents

Anchor Investors

Anchor Bidding Date
September 29, 2026
Shares Offered to Anchors
17,65,800
Lock-in End (30 Days, 50%)
November 06, 2026
Lock-in End (90 Days, 50%)
January 05, 2027

Acme India Industries IPO - Quick Take

Acme India Industries has set a price band of Rs 186–Rs 196 per share for an issue size of Rs 122 crore. The stock listed with a 12.76% gain versus its issue price on October 09, 2026.

The issue is promoted by Suraj Pandey and Sadhvi Pandey with Hem Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards funding to meet working capital requirements (Rs 38 crore) and repayment and/or pre-payment, in full or part, of borrowing availed by Company (Rs 41 crore).

On fundamentals, the company is posting revenue growth of 25.5%, a profit margin of 9.1%, return on equity of 23.5% in its most recent reported period.

On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Acme India Industries IPO: Lead Manager & Registrar Track Record

How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Acme India Industries itself, so they describe what came before it.

SME IPOs, last 12 months
  • Acme India Industries listed at +12.8% on day one; the median of 193 listings was +1.5% (better than 73% of them).
  • Subscribed 124x against a median of 3.98x across 192 issues (higher than 80%).
  • Average listing-day move across all 194 SME listings we track: +11.6%.
Lead manager and registrar record on other IPOs we track
Firm Other IPOs Listed at / above issue Avg move Median
Hem Securities Ltd. Lead manager 14 0 MB · 14 SME 93% 13 of 14 +30.6% +20.6%
Bigshare Services Pvt. Ltd. Registrar 61 19 MB · 42 SME 67% 41 of 61 Check allotment →
Recent listings managed by Hem Securities Ltd. (5)

Best: Vans Electroengineerings +90% · Weakest: Kasturi Metal Composite −1.3%

IPOListedListing-day move
HGS (India) 06 Nov 2026 +33.3%
Vans Electroengineerings 07 Oct 2026 +90%
Century Business Media 21 Sep 2026 +0%
Raksan Transformers 18 Sep 2026 +0%
Qualiance International 11 Sep 2026 +77.1%
What a lead manager does

A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.

What a registrar does

Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.

Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.

Frequently Asked Questions

Acme India Industries listed at Rs 221.00 on 09 October 2026, against an issue price of Rs 196 — a 12.76% premium.

+12.76% at the listing price — Rs 25 per share, or Rs 30,000 on the minimum retail application of 1,200 shares.

The price band of Acme India Industries IPO is Rs 186 to Rs 196 per share. Face value is Rs 10 per share.

The total issue size of Acme India Industries IPO is Rs 122 crore, comprising fresh issue of Rs 106 crore and offer for sale (OFS) of Rs 16 crore.

The lot size of Acme India Industries IPO is 600 shares. The minimum application is 2 lots (1,200 shares), requiring an investment of Rs 2,35,200.

Acme India Industries IPO opens for subscription on September 30, 2026 and closes on October 06, 2026. Anchor investor bidding is scheduled for September 29, 2026.

The expected allotment date for Acme India Industries IPO is October 07, 2026. Refunds for unsuccessful applicants are expected on October 08, 2026. Shares are scheduled to be credited to demat accounts on October 08, 2026.

Acme India Industries IPO is scheduled to list on October 09, 2026 on BSE. BSE script code: 544981, ISIN: INE162701010.

The last GMP (Grey Market Premium) recorded for Acme India Industries IPO before listing was +Rs 43 (+21.9% over issue price). The shares actually listed at Rs 221 (+12.76% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Acme India Industries IPO was subscribed 124.31 times overall by the close of bidding — retail at 85.50x, QIB at 137.93x, NII at 196.62x.

Based on the final retail subscription of 85.50x for Acme India Industries IPO, the estimated retail allotment probability is approximately 1.3%. This is a low probability — approximately 1 out of every 100 retail applications may receive allotment.

The registrar for Acme India Industries IPO is Bigshare Services Pvt. Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Acme India Industries IPO are Hem Securities Ltd.

The promoter(s) of Acme India Industries are Suraj Pandey and Sadhvi Pandey.

Acme India Industries IPO GMP — What It Means

Its last GMP before listing was 21.9%. Of the 26 SME IPOs we have tracked with a final GMP between 10% and 25%, 21 listed above, 3 flat and 2 below the issue price; Acme India Industries listed 12.8% above its issue price.

See the full Acme India Industries GMP history and trend, or learn how grey market premium works and how reliable it is.

Related IPO

Same sector or same stage as Acme India Industries
Side by side: GMP, subscription, valuation, financials and listing performance.
0 Comments

No comments yet. Be the first to share your opinion!

GMPUpdate