Acme India Industries Ltd IPO
Capital Goods-Non Electrical Equipment
Price Band
₹186 – ₹196
Lot Size
600
Minimum Bid Quantity
1200
Minimum Investment
₹235200
Issue Size
₹121.69Cr
Opens
2026-09-30
Closes
2026-10-06
Listing
09-10-2026
Subscription Status
Qualified Institutional Buyers
137.93 x
Non-Institutional Investor
145 x
Retail Individual Investor
84.26 x
Total
114.91 x
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE162701010
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Acme India Industries Limited is engaged in the Indian railway rolling stock sector, with a focus on the design, manufacture and warranty maintenance of railway coach interiors. The company provides turnkey furnishing solutions for new railway coaches, refurbishment, upgradation and conversion of old coaches, and toilet facility upgrades. It also manufactures and supplies products such as Braille signage, fibre-reinforced plastic products, sanitary ware, epoxy flooring, toilet doors, intercommunication and compartment doors, seats and berths, fire barrier coatings, and hygiene-related products to Indian Railways. The company operates a manufacturing unit in Sonipat, Haryana, covering over 92,000 square feet, with laboratory and testing facilities. Its projects are executed across railway production facilities and designated railway workshops.
Pros
- • The company has an established presence in the Indian railway sector. Since 2017, it has completed turnkey furnishing of 1,610 coaches, refurbishment, conversion and upgradation of 1,888 coaches, and toilet upgrades for 10,948 units. Its work covers 28 coach variants, 3 production units, 2 mid-life rehabilitation units and 16 railway zones.
- • The company has a diversified range of railway coach products and services. Its offerings include turnkey furnishing, refurbishment, conversion and upgradation of coaches, toilet upgrades, and supply of products such as Braille signage, epoxy flooring, FRP products, toilet doors, seats and berths, fire barrier coatings and hygiene-related products.
- • As of June 30, 2026, the company had an order book of Rs 737.97 crore across 40 orders. This included Rs 346.28 crore from toilet upgradation, Rs 229.09 crore from supplies to private clients, Rs 67.36 crore from refurbishment, upgradation and conversion, Rs 62.79 crore from turnkey furnishing, and Rs 32.45 crore from supplies to Indian Railways.
Cons
- • The company is heavily dependent on Indian Railways, which contributed Rs 123.06 crore (46.77%), Rs 192.23 crore (91.54%), and Rs 185.42 crore (88.00%) to its total revenue in FY26, FY25, and FY24, respectively. Any adverse change in the policies of the Ministry of Railways, reduction in spending on railway coaches, withdrawal of programmes benefiting private companies, or reduction in orders from Indian Railways can adversely affect the company’s business, financial condition and results of operations.
- • The company, its directors and promoters are involved in outstanding legal proceedings. Any adverse decisions in these matters could affect the company’s cash flows and profit or loss through demands, interest or penalties, while also diverting management time and attention and adversely affecting its business, prospects, results of operations and financial condition.
- • The company depends on a limited number of suppliers, with its top 10 suppliers accounting for Rs 142 crore (76.95%), Rs 100.36 crore (66.88%), and Rs 80.96 crore (58.15%) of total purchases in FY26, FY25, and FY24, respectively. Any delay, quality issue, supply disruption, business failure, or insolvency involving these suppliers could affect the company’s manufacturing and project delivery schedules. The company does not have long-term contracts with its raw material suppliers, which may make it difficult to secure timely and adequate alternate supplies on favourable terms.
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