Acme India Industries Ltd.
ACMESME
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Overview
Acme India Industries Limited operates in India’s railway rolling stock value chain, providing tender-driven turnkey interior furnishing for new passenger coaches, refurbishment and conversion of legacy coaches, and toilet upgradation/modernisation, while also manufacturing and supplying coach interior and hygiene-related components (e.g., FRP parts, braille signage, sanitary ware, epoxy flooring and doors) with in-house testing and ISO-certified processes.
Opening Date
Sep 30, 2026
Closing Date
Oct 06, 2026
Listing Date
Oct 09, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
121.69 Cr
Fresh Issue
105.98 Cr
Offer for Sale
15.71 Cr
Price Band
₹186 - ₹196
Lot Size
600
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
14.54
EPS
13.48
ROE
30.65%
ROCE
23.2%
RONW
23.52%
Debt to Equity Ratio
0.82
PAT Margin
9.24%
EBITDA Margin
15.1%
P/B
3.27
Bull vs Bear
Bull case
- •
Deep Indian Railways footprint and many coach variants build credibility that new entrants struggle to match, helping win tenders and repeat work.
- •
One-roof mix of furnishing, refurbishment, toilet upgrades, and component supply can lower dependency on any single project type, smoothing long-term demand.
- •
Global tie-ups plus in-house manufacturing and testing can speed approvals and reduce vendor dependence, supporting quality control that railway customers closely monitor.
Bear case
- •
The business relies heavily on Indian Railways, so policy or budget shifts can quickly reduce orders and hurt revenues and cash collections.
- •
Most work is won through competitive tenders, so losing bids or facing aggressive low-price competitors can squeeze margins and weaken growth visibility.
- •
Outstanding legal and tax matters can drain cash through demands, interest, and penalties, and also distract management from execution and compliance improvements.
Subscription Rate
Subscription data will be available once the IPO opens.
