Acme Universal Safezone 9 Ltd.
ACMESME
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Overview
Acme Universal Safzone 9 Limited manufactures and supplies industrial and occupational safety footwear under the “ACME” brand, serving institutional and industrial customers across sectors such as construction, manufacturing, logistics, mining, oil & gas and engineering. The company runs five manufacturing units in Madhya Pradesh and Uttar Pradesh with in-house design, PU sole moulding, stitching, testing laboratories and distribution capabilities, and sells domestically through institutional sales, distributors/dealers and digital channels while also exporting to multiple countries in Asia, Africa and the Middle East.
Opening Date
Sep 28, 2026
Closing Date
Sep 30, 2026
Listing Date
Oct 06, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
35.93 Cr
Fresh Issue
35.93 Cr
Offer for Sale
0 Cr
Price Band
₹65 - ₹71
Lot Size
1600
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
17.03
EPS
4.17
ROE
11.75%
ROCE
5.54%
RONW
11.75%
Debt to Equity Ratio
1.1
PAT Margin
2.84%
EBITDA Margin
7.36%
P/B
1.89
Bull vs Bear
Bull case
- •
BIS/IS 15298 compliance acts like a “license to play” in tenders, so staying compliant helps protect the order pipeline.
- •
Automation plus in-house testing can reduce defects and rework, which matters because it supports steadier margins as volumes scale.
- •
Under-used capacity suggests the business can grow output without big new plants, which can improve cash generation if demand rises.
Bear case
- •
Most sites are leased, including some from the promoter, so renewals or disputes could disrupt production or raise fixed costs.
- •
Revenue is concentrated in a few states, so local demand or competition swings can hit sales and profitability quickly.
- •
Top 10 customers contribute 47.71% of revenue, so one large client cutting orders could cause an immediate revenue and cash-flow shock.
Net takeaway
The long-term story is a safety-footwear maker positioned for regulated, compliance-driven demand, supported by certifications and process automation. For this to work, it must keep certifications intact and convert efficiency upgrades into stronger, more stable cash flows. The big risk is concentration: key customers and a few states drive a large share of revenue, and operations rely on leased sites. Over time, watch customer concentration and renewal of major contracts as the key health signal.
Subscription Rate
Subscription data will be available once the IPO opens.
Application Details
