Acme India IPO Analysis & Review

Quick Answers

What is the Acme India IPO GMP today? The Acme India IPO GMP is ₹30 as of 29/9/2026, 6:24:44 am. The IPO price band is ₹186 - ₹196. GMP represents an unofficial grey-market indication and does not guarantee the listing price.

When does Acme India IPO open? The Acme India IPO opens on 2026-09-30 and closes on 2026-10-06.

What is the Acme India IPO subscription status? The overall subscription is 0x.

Key IPO Information

ViewIPO AI Analysis Score

The Acme India IPO scored 56/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the business of Acme India Industries Limited?

Acme India Industries Limited is engaged in the Indian railway rolling stock sector, focusing on the design, manufacture, and warranty maintenance of railway coach interiors and related products such as Braille signage, FRP products, sanitary ware, epoxy flooring, toilet doors, seats, and berths.

What is the size of the Acme India IPO and the price band?

The IPO issue size is ₹121.69 crore, with a price band of ₹186 to ₹196 per share.

What are the main uses of the IPO proceeds?

The net proceeds from the fresh issue will be used for working capital requirements (₹38 crore), repayment/prepayment of borrowings (₹41 crore), capital expenditure for additional plant & machinery (₹6.27 crore), and general corporate purposes.

What is the company's order book as of June 30, 2026?

As of June 30, 2026, the company had an order book of ₹737.97 crore across 40 orders, including toilet upgradation, supplies to private clients, refurbishment, upgradation and conversion, turnkey furnishing, and supplies to Indian Railways.

How dependent is the company on Indian Railways for its revenue?

Indian Railways contributed ₹123.06 crore (46.77%) of total revenue in FY26, ₹192.23 crore (91.54%) in FY25, and ₹185.42 crore (88.00%) in FY24, indicating significant dependence.

What are the key risks related to the company's supplier concentration?

The top 10 suppliers accounted for 58.15% to 76.95% of total purchases in FY24-FY26, and the company lacks long-term contracts with suppliers, posing risks of supply disruptions.

What certifications does Acme India Industries Limited hold?

The company is ISO 9001:2015 certified by TUV Nord Group for design, manufacture, supply, trading, installation, commissioning, and maintenance of railway coach components, and ISO 15085 certified by UK Certification & Inspection for welding in the railway sector.

What is the tentative listing date for the Acme India IPO?

The tentative listing date for the Acme India IPO is 9 October 2026.

View IPO
View IPO
Home›India›Acme India ()
Acme India Logo

Acme IndiaNSE SME / BSE SME:

Analyzed by ViewIPO Financial Research Team
Railway Rolling StockIndiaFiled 2026-09-30Listing 2026-10-09Size ₹122.01Cr
Lot Size 600
Live GMP
₹30 (+15.31%)
Check Allotment
Status Link

Is Acme India IPO Good? Quick Verdict

Acme India IPO scored 56/100 (High Risk) in our deep analysis. The strongest pillar is Dilution at 60/100, while Valuation is the primary concern at 50/100. Overall, Acme India Industries Limited presents a mixed profile with a strong market position and order book but notable risks from customer and supplier concentration, outstanding legal proceedings, and cash flow volatility.

IPO Score
56/100
High Risk

Quick Verdict

Established presence in Indian railway sector with turnkey furnishing of over 1,600 coaches since 2017.
Diversified product portfolio including Braille signage, FRP products, sanitary ware, epoxy flooring, and toilet upgrades.
Heavy dependence on Indian Railways for revenue, contributing up to 91.5% of sales in FY25.
Outstanding legal proceedings involving the company, its directors, and promoters.

Company Snapshot

Revenue (TTM)
₹264Cr↑ 25.71% YoY
Profitability
—Pending Data
Gross Margin
— 
Market Cap
—Pending Data
IPO Size
₹122.01Cr 
Industry
Railway Rolling Stock 
P/E Ratio
—Pending Data

Risk Breakdown

Governance
60
Moderate
Financial
55
Expensive
Valuation
50
Expensive
Competition
50
Expensive
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Acme India Industries Limited is engaged in the Indian railway rolling stock sector, focusing on the design, manufacture, and warranty maintenance of railway coach interiors and related products. The company has an established presence since 2017, having completed turnkey furnishing of over 1,600 coaches and maintaining an order book of ₹737.97 crore as of June 30, 2026. While it benefits from diversified product offerings, international collaborations, and ISO certifications, it faces risks including high dependence on Indian Railways, supplier concentration, and occasional negative operating cash flows. The IPO proceeds are earmarked for working capital, debt repayment, capital expenditure, and general corporate purposes.

Overall Verdict: Overall, Acme India Industries Limited presents a mixed profile with a strong market position and order book but notable risks from customer and supplier concentration, outstanding legal proceedings, and cash flow volatility.

Key Highlights

  • •Engaged in design, manufacture, and maintenance of railway coach interiors and related products for Indian Railways.
  • •Completed turnkey furnishing of 1,610 coaches, refurbishment of 1,888 coaches, and toilet upgrades for 10,948 units since 2017.
  • •Order book of ₹737.97 crore as of June 30, 2026, spread across 40 orders including toilet upgradation and supplies to private clients.
  • •ISO 9001:2015 and ISO 15085 certified, with in-house manufacturing and testing capabilities for railway components.
  • •International collaborations with entities from Russia, the USA, and Belgium for specialized railway components and potential joint ventures.
  • •IPO proceeds allocated to working capital (₹38 crore), debt repayment (₹41 crore), capital expenditure (₹6.27 crore), and general corporate purposes.

Financial Performance

Revenue (Annual)

↑ +25.7% YoY

INR in Crores

Net Income (Annual)

Profitability

INR in Crores

Cash Flow vs Profit

↓ -148.0% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT
Data not reported in RHP

IPO Timeline

IPO Opens2026-09-30
IPO Closes2026-10-06
Basis of Allotment2026-10-07
Refunds & Demat2026-10-08
Listing Date2026-10-09

Valuation Analysis

IPO Price₹186 - ₹196
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

IPO DNA

Growth
52
Governance
60
Profitability
55
Valuation
50
Competition
50
Execution
60

Pros vs Cons

Pros

  • Established track record in Indian railway sector with over 1,600 coaches furnished since 2017.
  • Diversified product and service portfolio reducing reliance on a single offering.
  • Strong order book of ₹737.97 crore providing revenue visibility.
  • Positive operating cash flow of ₹23.97 crore in FY25.

Cons

  • Heavy dependence on Indian Railways for revenue (up to 91.5% in FY25).
  • Outstanding legal proceedings involving the company, its directors, and promoters.
  • High supplier concentration with top 10 suppliers accounting for 58-77% of purchases.
  • Revenue heavily weighted to second half of financial year causing seasonality.
  • Negative operating cash flow in FY26 (₹-11.5 crore) and FY24 (₹-6.09 crore).

Financial Health

Revenue Growth
Revenue grew 25.7% YoY in FY26 after a slight decline of 1.4% in FY25. (Excellent)
Debt Level
Outstanding financial indebtedness of ₹76.21 crore as of June 30, 2026. (Moderate)
Cash & Equivalents
Cash and cash equivalents not disclosed in the filing. (Moderate)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
Undisclosed
Strategic Partners
Yes

Acme India IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Acme India IPO — Frequently Asked Questions

Related IPO Reports

Eventions

Eventions

EVENTIONS
65/100
View Report
Omara Ventures

Omara Ventures

OMARA
62/100
View Report
Dove Soft

Dove Soft

DSL
59/100
View Report
Sollfege Smart Electronics

Sollfege Smart Electronics

SOLLF
59/100
View Report
Paramount Syntex

Paramount Syntex

PARASYNTEX
57/100
View Report
View All Active & Upcoming IPOs View IPO Calendar

IPO Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

Want to analyze another IPO?

Search any stock, IPO, company, ticker or filing and get instant AI-powered analysis.

Frequently Asked Questions about Acme India

What is the expected listing price of Acme India?

The expected listing price depends on the live Grey Market Premium. Check the live GMP and expected listing price for Acme India on our Live GMP Tracker.