Acme India Industries Limited
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Acme India Industries Limited's successfully completed its Initial Public Offering and commenced trading on Oct 09, 2026 at the BSE exchange. The company raised 62,08,800 Shares through this public offering, comprising 54,07,200 Shares in fresh capital and ₹15.71 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹186 to ₹196, with minimum application lots of 600 shares. The offering attracted significant investor interest during its subscription period from Sep 30, 2026 to Oct 06, 2026.
Share allotment was finalized on Oct 07, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Acme India operates in the Indian railway rolling stock sector and specializes in designing, manufacturing and maintaining railway coach interiors. The company primarily works through government tenders and provides turnkey solutions for furnishing new railway coaches, refurbishing existing coaches and modernizing coach toilets. Since 2017, it has completed furnishing of 1,610 new coaches, including LHB coaches, Vande Bharat trains, inspection coaches and overhead equipment coaches. Since 2018, the company has refurbished 1,888 LHB and ICF coaches and completed more than 10,948 toilet modernization projects focused on passenger hygiene and comfort. It also supplies railway components such as Braille signage, FRP and aluminium polymer composite sanitary ware, epoxy flooring, FRP doors, seat and berth components, hygiene products, fire-retardant decorative coatings and vacuum circuit breakers. Acme India operates two manufacturing facilities in Sonipat, Haryana, spread across approximately 116,000 sq. ft., with in-house laboratory and testing facilities. Its notable projects include work for Modern Coach Factory, Raebareli, North Eastern Railway, Gorakhpur and North Western Railway, Jodhpur. As of August 31, 2025, the company had an order book valued at ₹40,208.20 lakh.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Railway Sector Focus: Acme India Industries Limited specialises in railway coach interiors, including new coach furnishing, refurbishment, upgrading, and conversion of existing coaches.
- Integrated Manufacturing Capabilities: The company operates manufacturing facilities for products such as FRP panels, ceilings, Braille signages, and sanitary components, supporting its ability to provide integrated railway solutions.
- Established Railway Experience: The company has executed large-scale coach furnishing and refurbishment work and supplies components to Indian Railways, giving it experience in a specialised and regulated market.
- Dependence on Railway Projects: A significant portion of business is linked to Indian Railways and railway-related projects. Changes in government spending, tender activity, project schedules, or procurement policies could affect revenue.
- Project Execution Risks: Delays in manufacturing, installation, refurbishment, approvals, or delivery could increase costs and affect project timelines, cash flows, and profitability.
- Customer & Competitive Pressure: Dependence on institutional customers and competition from other railway-equipment and coach-furnishing suppliers may create pricing pressure and affect margins.
- Suraj Pandey
- Sadhvi Pandey
Acme India Industries Limited
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