Overview
Updated 12 days agoAcme Universal Safezone 9 Limited is an industrial safety footwear manufacturer based in Gwalior, Madhya Pradesh. The company produces a wide range of safety footwear, including specialized variants for various industrial hazards, and is launching an IPO to fund capital expenditure and working capital requirements.
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 | 1,600 | ₹1,13,600 |
| bNII (min) | 9 | 14,400 | ₹10,22,400 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 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 | Footwear |
| Price band | ₹65–71 |
| Final issue price | ₹71.00 |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Minimum investment | ₹1,13,600 |
| Issue size | ₹36.00 Cr |
| Market cap at upper band | ₹136 Cr |
| P/E at upper band | 17.0x |
| Registrar | MAASHITLA SECURITIES PRIVATE LIMITED |
| Lead managers | Expert Global Consultants Private Limited |
| NSE symbol | ACMEUNIV |
| ISIN | INE1KUL01020 |
Shareholder quota and promoter holding
Company & business
Acme Universal Safezone 9 Limited, originally formed as a partnership firm in 1994, is a manufacturer of industrial safety footwear. The company operates four manufacturing facilities in Madhya Pradesh and Uttar Pradesh, producing a diverse range of safety shoes under the 'ACME' brand. Its product portfolio includes specialized footwear for sectors like construction, mining, oil & gas, and manufacturing, with features such as steel/composite toe caps, anti-slip soles, and chemical resistance. The company serves both domestic institutional clients and international markets, leveraging automated manufacturing processes and in-house R&D to maintain quality standards compliant with BIS and international certifications.
Objects of the issue — how the money will be used
- Funding capital expenditure requirements for the installation of solar power plant (₹3.62 Cr)
- Funding capital expenditure requirements towards installation of additional machinery (₹8.96 Cr)
- Funding incremental working capital requirements of our Company (₹8 Cr)
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and General corporate purposes
Key strengths
- Experienced management team with over 30 years in the industry
- Strong focus on quality and compliance with international standards
- Efficient manufacturing processes with high levels of automation
- Diversified customer base across various industrial sectors
- Strong, long-standing customer relationships
- Continuous product development and innovation
Key risks
- Operations are located on leased premises, and any disruption could affect business
- High revenue concentration among top 10 customers
- Dependence on key raw materials subject to price volatility
- Pending statutory approvals for some manufacturing operations
- Exposure to credit risk from customers and potential delays in receivables
- Potential impact of geopolitical tensions on export operations in the Middle East
- Trademarks are currently subject to opposition proceedings
Promoters
Nitin Tiwari, Ruchi Tiwari
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 178.94 | -- | 7.56 | 119.07 | 41.96 | 44.51 |
| FY25 | 187.36 | -- | 0.80 | 133.70 | 46.91 | 49.65 |
| FY26 | 205.90 | -- | 5.86 | 146.72 | 52.77 | 58.05 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Acme Universal Safezone 9 this issue | 205.9 | 4.17 | 17.0x | 11.75 | 37.60 |
| Liberty Shoes Limited | 740.0 | 6.59 | 40.8 | 4.79 | 137.20 |
| Superhouse Limited | 683.0 | 2.87 | 54.7 | 0.79 | 455.07 |
| Mallcom (India) Limited | 540.3 | 48.15 | 20.8 | 9.44 | 510.21 |
This issue is priced at 17.0x P/E against a peer median of 40.8x: a discount of 58%. A measurement, not a verdict.
Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.