BSE List Price : ₹221.00

Subscription

Category	Times
QIBs	137.93x
HNIs	196.62x
Retail	0x
Total : 81.57x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	1,200	₹235,200
Retail Maximum	2	1,200	₹235,200
S - HNI Minimum	3	1,800	₹352,800
S - HNI Maximum	8	4,800	₹940,800
B - HNI Minimum	9	4,800	₹1,058,400

About the Company

Acme India Industries Limited is engaged in the Indian railway rolling stock sector, focusing on the design, manufacturing and warranty maintenance of railway coach interiors. The company provides turnkey solutions for new coaches, refurbishment and upgrading of existing coaches, and toilet upgradation.

Business Model: The company primarily operates on a tender-based B2B model, supplying products and turnkey solutions to Indian Railways and other railway-related customers.

Products & Services

• Railway Coach Interior Furnishing
• Turnkey Coach Furnishing
• Coach Refurbishment & Upgradation
• Railway Toilet Upgradation
• Electrical & Mechanical Components
• Coach Repair & Maintenance
• Railway Coach Safety & Passenger Comfort Solutions

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹215.02	₹189.08	₹19.21	₹217.60
2025	₹213.45	₹189.32	₹16.46	₹272.45
2026	₹267.89	₹234.67	₹24.36	₹382.79

Company Promoter

Suraj Pandey

Sadhvi Pandey

Know before investing

• • Strengths

  Established Railway Presence: The company has executed 1,610 new coaches through turnkey furnishing, refurbished/upgraded 1,888 coaches and upgraded 10,948 toilet units since 2017.

  Large Order Book: As of 30 June 2026, the order book stood at approximately 737.97 crore across 40 orders, providing significant business visibility.

  Wide Railway Presence: The company has executed projects across 16 railway zones and works across multiple coach variants and railway production units.

  Integrated Manufacturing Facility: The company operates a manufacturing facility in Sonipat, Haryana, spread over more than 92,000 sq. ft., with in-house testing and laboratory facilities.

  Diversified Railway Solutions: Besides new coach furnishing, the company is involved in refurbishment, toilet upgrades, coach components and repair activities, reducing dependence on a single product category.

  Financial Growth: Revenue increased from 213.43 crore in FY24 to 263.70 crore in FY26, while PAT increased from 19.21 crore to 24.36 crore during the same period.

• • Risks

  Tender-Based Business: A significant portion of the business depends on tenders and orders from railway-related customers, creating dependence on tender wins and government spending.

  Customer Concentration: Dependence on Indian Railways and railway-linked customers exposes the company to order timing, tender competition and policy changes.

  High Borrowings: Total debt stood at approximately 85.18 crore in FY26, with a debt-to-equity ratio of around 0.82x.

  Working Capital Requirement: Railway projects can involve substantial working-capital requirements and receivable cycles, which may affect cash flows.

  Order Execution Risk: The large order book requires timely procurement, manufacturing and project execution. Delays could affect revenue recognition and profitability.

  Competition: The company operates in a competitive railway-component and coach-interior market where pricing, technical capabilities and tender qualifications can influence order wins.

  Project Concentration: A significant part of the order book is linked to toilet upgradation, which accounted for approximately 46.92% of the order book as of June 2026.

Objects of the Issue & Utilisation of proceeds

Working Capital: 38 crore for meeting the company's working capital requirements.

Debt Repayment: 41 crore for repayment and/or pre-payment of borrowings.

Capital Expenditure: 6.27 crore towards purchase of additional plant and machinery.

General Corporate Purposes: Remaining fresh-issue proceeds for general corporate purposes and issue-related requirements.

Company Address

Acme India Industries Ltd.
Plot No-34,
Second Floor Dwarka Sector 3,
Delhi, New Delhi, 110078
Phone: +91-11-41642215
Email: cs@acmeindia.co
Website: https://acmeindia.co/

IPO Registrar

Bigshare Services Pvt. Ltd.
Phone: 8657578989/8069219065/8069219060
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html