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₹196 - 196 Amounts at the upper price band.
Acme India Industries Ltd
Capital Goods-Non Electrical EquipmentIPOSME
₹196 - 196
We are engaged in the Indian railway rolling stock sector, focusing on the design, manufacture and maintenance of railway coach interior. We provide turnkey furnishing solutions for the interiors of new railway coaches, refurbishment, upgradation and conversion of old coaches and up gradation of toilet facilities within railway coaches. Additionally we manufacture and supply components to Indian Railways. Additionally, in 2016, we started doing business of fire-retardant epoxy flooring, which complied with EN-45545 standards for interior furnishings in Indian Railways. Our company is ISO 9001:2015 certified company for design, manufacture, supply, trading, installation & commissioning and maintenance of exterior and interior components for passenger coaches and rolling stock.
Lot600Min Invest₹2,35,200Face Value₹10Issue Size₹122 CrFresh Issue₹106 CrOffer for Sale₹16 CrListing Price₹221CMP₹217
Timeline
30 Sept
Bidding opens
6 Oct
Bidding closes
7 Oct
Allotment
8 Oct
Refund & demat credit
9 Oct
Listing
Subscription · As of 7:52 PM, 6 Oct
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB137.9x29.45 L40.62 Cr7,961.25NII145.1x8.86 L12.85 Cr2,518.77Retail85.5x20.64 L17.65 Cr3,458.90Total115.5x62.09 L71.72 Cr14,056.41
Reports
Offer Details
Terms
Issue Size₹122 Cr0.62 Cr shares
Fresh Issue₹106 Cr
Offer for Sale₹16 Cr
Face Value₹10
Lot Size600 shares
ReservationQIB 49.96% · NII 15.02% · RETAIL 35.02%
Application Sizes
Retail₹2,35,2001-1 lots
sNII₹2,35,200from 2 lots
bNII₹10,58,400from 9 lots
Managers & Registrar
Lead ManagerHem Securities Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrSuraj PandeyPRMTR8,01,60015.71Total8,01,60015.71
Shareholding
CategoryPre IPOPost IPOPromoter Group88.19%64.46%Public11.81%35.54%
Objects of the Issue
- Funding to meet working capital requirements
- Repayment and/or pre-payment, in full or part, of borrowing availed by the Company
- Funding Capital Expenditure towards purchase of additional plant & machinery
- General Corporate Purpose
Anchor Book
Bid Date29-Sep-2026Bid Price₹196Shares17,65,800Amount₹35 Cr30-day lock-in05-Nov-202690-day lock-in04-Jan-2027
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 213 | 210 | 264 |
| Operating ProfitCr | 30 | 31 | 43 |
| OPM% | 14.2 | 14.9 | 16.2 |
| PBTCr | 26 | 24 | 33 |
| PATCr | 19 | 16 | 24 |
| EPS | 12 | 10 | 14 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 8 | 17 | 18 |
| ReservesCr | 27 | 39 | 85 |
| BorrowingsCr | 70 | 81 | 85 |
| Total AssetsCr | 218 | 272 | 382 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | -6 | 24 | -12 |
| Investing Cash FlowCr | -17 | -29 | -4 |
| Financing Cash FlowCr | 23 | 5 | 15 |
| Net Cash FlowCr | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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
Strategies · as stated in the DRHP
- Continue to strengthen our existing product portfolio.
- Entering in Public Address (PA) and Public Information Systems (PIS).
- Focus on consistently meeting quality standards.
Risks · as stated in the DRHP
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.