Acme Universal Safezone 9 Limited IPO: price band, dates, issue structure, business and financials

Acme Universal Safezone 9 Limited, a manufacturer and supplier of industrial and occupational safety footwear under the ACME brand, is launching an SME IPO on the BSE SME platform. The IPO is sized at ₹35.93 crore with a price band of ₹65 to ₹71 per share. The issue opens on 28 September 2026 and closes on 30 September 2026, with listing scheduled for 6 October 2026. The IPO is entirely a fresh issue with no offer for sale (OFS), which means the proceeds (after issue expenses) are intended for the company’s proposed objectives.

What Acme Universal Safezone 9 Limited does

Acme Universal Safezone 9 Limited manufactures and supplies safety footwear targeted at institutional and industrial buyers. As described in the offer context, the company caters to sectors including construction, manufacturing, mining, oil and gas, logistics, and engineering.

The business model is positioned around supplying compliant safety footwear for procurement-led customers. In this segment, product specifications and certifications can be central to vendor qualification and repeat orders, especially when buyers operate formal procurement processes. The company highlights compliance frameworks such as BIS (Bureau of Indian Standards) and IS 15298 standards, along with EN ISO 20345 standards compliance.

Alongside domestic distribution, the company also reports exports to multiple regions including the Middle East, Africa, Europe, and Asia.

Manufacturing footprint, capabilities and distribution

Acme Universal Safezone 9 Limited operates five plants across Madhya Pradesh and Uttar Pradesh. The company highlights in-house capabilities across product design and development, including CAD and ICad3D, as well as automated stitching and polyurethane (PU) direct-injection sole manufacturing. It also notes in-house testing laboratory capability, which is typically relevant for safety footwear that needs to meet specified performance and compliance parameters.

On go-to-market, the company describes multi-channel distribution across more than 40 locations in India, along with exports. For IPO readers, the domestic and export mix matters primarily as a business characteristic and a monitoring variable, because export activity introduces additional operating considerations such as foreign currency exposure, while institutional domestic supply can carry tender and account concentration dynamics.

IPO structure: fresh issue, reservations and subscription timeline

The IPO is structured as an SME issue on BSE SME with a lot size of 1,600 shares. Because the offer is 100% fresh issue and there is no OFS component, the proceeds are intended to be used by the company for stated objectives, rather than providing an exit to selling shareholders.

In the disclosed reservation structure, 50% of the offer is allocated to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 35% to Retail Individual Investors (RIIs). The offer also provides for an anchor investor portion within the QIB allocation, and specifies a domestic mutual fund reservation within the anchor allocation.

As of the snapshot date, the issue is classified as upcoming. Category-wise subscription figures should be read as not yet opened for bidding rather than as an indicator of demand.

Track record and milestones referenced in the offer context

The operating history presented in the offer context traces the business back to 1994, when Acme Fabrik Plast Co. was founded in Gwalior as a partnership firm. Manufacturing capacity additions include commissioning of the Gwalior plant in 2006, Kanpur Plant 1 in 2011, and the Banmore plant in 2012.

The company also lists equipment and automation milestones around DESMA DIP machines, including the first installation in 2010 and subsequent installations with robotics and a robotic arm in later years. Corporate milestones cited include conversion into Acme Universal Safezone 9 Private Limited in 2016 and the movement of corporate operations to Mumbai in 2018.

On digital systems, the company references a digital transformation with SAP in 2019 and additional HRM/CRM transformation in 2021. A more recent milestone cited is the commissioning of Kanpur Plant 3 in 2025.

Financial trajectory and profitability pattern

The restated financial statements show that total revenue increased from FY2024 to FY2026, while profit after tax (PAT) varied across the three years. Revenue moved from ₹181.67 crore in FY2024 to ₹191.31 crore in FY2025 and ₹211.16 crore in FY2026. PAT was ₹7.56 crore in FY2024, ₹0.80 crore in FY2025, and ₹5.86 crore in FY2026. Total assets increased from ₹119.07 crore in FY2024 to ₹133.70 crore in FY2025 and ₹146.72 crore in FY2026.

For additional context from the disclosed key performance indicators (KPIs), the company reports an EBITDA margin of 7.36% and a reported PAT margin of 2.84%. The KPI set also includes leverage and return measures, including a debt-to-equity ratio of 1.10, return on equity (ROE) of 11.75% and return on capital employed (ROCE) of 5.54%.

Proposed use of proceeds, valuation references, risks and monitoring points

The company proposes to use the net proceeds (after issue expenses) for a mix of capital expenditure (capex) and operating needs. The stated objects include capex for installation of a solar power plant and additional machinery, incremental working capital requirements, and inorganic growth through unidentified acquisitions and other strategic initiatives along with general corporate purposes. In the disclosed proposed allocations within the offer context, the company earmarks ₹3.62 crore for a solar power plant, ₹8.96 crore for additional machinery, and ₹8.00 crore for incremental working capital; the inorganic growth and general corporate purposes bucket is described without a specified allocation amount in the provided context.

On valuation references within the disclosed KPIs, the offer context reports an EPS of ₹4.17, a pre-IPO P/E of 17.03 times, and a price-to-book multiple of 1.89 times. These are point-in-time disclosures tied to the offer context and are not forward guidance.

Key risks highlighted in the provided disclosures include operational and revenue concentration factors and external risks. The company notes that most offices and plants are leased, including some short 11-month leases, which can create renewal-related disruption or relocation requirements. It also flags revenue concentration in a few states and customer concentration, with the top 10 customers contributing 47.71% of revenue. Additional threats stated include currency fluctuation risk, intense market competition, and price pressure in the business-to-business (B2B) segment.

Monitoring points to track during and after the IPO process include: execution progress on the proposed solar and machinery capex; working capital movement relative to the stated objective of funding incremental working capital; changes in customer concentration, particularly dependence on the top 10 customers; and any change in the leased-facility footprint or lease-tenure profile of key manufacturing sites.

The available grey market premium (GMP) observations in the supplied context show a GMP of ₹0 on 23 September 2026 and 24 September 2026 against a referenced issue price of ₹71. GMP is an unofficial indicator and can change; it is not a listing outcome.

Complete numeric snapshot

IPO terms and schedule

Key performance indicators and valuation

Category reservations and anchor allocation

Proposed use of fresh issue proceeds

Subscription status (25 Sep 2026)

Grey market premium (GMP) trend

GMP is an unofficial market indicator and can change; these are dated snapshot observations, not a listing forecast.