Overview
Updated 2 hr agoAcme India Industries Limited is an Indian company specializing in the design, manufacture, and maintenance of railway coach interiors. The company provides turnkey furnishing solutions, refurbishment, and up-gradation services for railway coaches, as well as manufacturing various components for the Indian railway sector.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,17,600 |
| bNII (min) | 9 | 5,400 | ₹10,58,400 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Railways Wagons |
| Price band | ₹186–196 |
| Final issue price | ₹196.00 |
| Face value | ₹10 per share |
| Lot size | 600 shares |
| Minimum investment | ₹1,17,600 |
| Issue size | ₹122 Cr |
| Fresh issue | ₹541 Cr |
| Offer for sale | ₹80.16 Cr |
| Market cap at upper band | ₹460 Cr |
| P/E at upper band | 13.9x |
| Registrar | BIGSHARE SERVICES PRIVATE LIMITED |
| Lead managers | Hem Securities Limited |
| NSE symbol | ACMERAIL |
| ISIN | INE162701010 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Acme India Industries Limited, incorporated in 2021, is engaged in the Indian railway rolling stock sector. The company focuses on the design, manufacture, and maintenance of railway coach interiors, including turnkey furnishing, refurbishment, up-gradation, and conversion of old coaches, as well as the up-gradation of toilet facilities. It also manufactures and supplies various components to Indian Railways. The company operates through two main models: refurbishment of old coaches and interior furnishing of new coaches. It has manufacturing facilities in Sonipat, Haryana, and is ISO 9001:2015 and ISO 15085 certified. The company has a significant presence in the Indian railway sector, with footprints across 16 railway zones.
Objects of the issue — how the money will be used
- Funding to meet working capital requirements (₹38 Cr)
- Repayment and/or pre-payment, in full or part, of borrowing availed by our Company (₹41 Cr)
- Funding Capital Expenditure towards purchase of additional plant & machinery (₹6.27 Cr)
- General Corporate Purpose
Key strengths
- Established market presence in the Indian railway sector with a diversified product range.
- Healthy order book portfolio.
- Experienced promoters with strong domain knowledge.
- Multiple global tie-ups and representations.
- Fully integrated manufacturing plant with modern equipment.
Key risks
- Entire business operations and revenues are dependent on the Indian Railways.
- Dependence on a limited number of suppliers for raw materials.
- High working capital requirements.
- Outstanding legal proceedings involving the company, promoters, and directors.
- Manufacturing facilities are on lease/rent, and non-renewal could impact operations.
- Negative cash flows from operating and investing activities in the past.
- Trademarks are not yet registered.
Promoters
Suraj Pandey, Sadhvi Pandey
Decoded from the RHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 213.43 | -- | 19.21 | 217.60 | 35.63 | 63.87 |
| FY25 | 210.00 | -- | 16.46 | 272.45 | 55.37 | 84.74 |
| FY26 | 263.71 | -- | 24.36 | 382.79 | 103.55 | 85.18 |
Key performance indicators · FY26
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.