Acme India Industries came to market through an SME IPO that opened on 30 September 2026 and closed on 6 October 2026, and the shares listed on 9 October 2026 on the BSE. The price band was ₹186 to ₹196 per share and one lot was 600 shares, so the minimum application was ₹1,17,600. The issue size was ₹121.69 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹221, a gain of 12.8% against the issue price of ₹196. Bigshare Services Pvt.Ltd was the registrar to the issue, and Hem Securities Ltd was the lead manager.
The issue was subscribed 124.31 times overall.
Incorporated in December 2021, Acme India Industries Limited is in the business of Indian Railway Rolling Stock industry, which includes the designing, manufacturing, supplying, installing, and warranty maintenance of the interior of railway coaches and components. The company offers turnkey furnishing solutions for new coaches, refurbishing, upgrading and conversion of existing coaches, and modernizing toilet facilities.
Some of its products include Braille Signage, FRP Products, Sanitary Ware, Epoxy Flooring, Decorative Glass FRP, Toilet/Compartment Doors, Seats & Berths, Fire Barrier Coatings & Hygiene Related Products. As of June 30, 2026, the company has undertaken 28 turnkey furnishing jobs for 1,610 coaches, and has refurbished and upgraded 1,888 coaches along with completing 10,948 toilet upgradations. The Company works in 16 railway zones and has 3 manufacturing plants and 2 Mid-life Rehabilitation Plants.
The manufacturing plant of the company in Sonipat, Haryana is spread across an area of more than 92,000 sq. feet and has laboratory and testing facilities. The Company has been ISO 9001:2015 and ISO 15085 certified and empanelled as a 'Business Associate' under a Navratna PSU of the Government of India. The Company runs mainly a business based on tenders, while tenders-related business activities are conducted through the Indian Railways e-Procurement System (IREPS).
The Company has carried out projects with several types of coaches, such as LHB coaches and other self-propelled coaches including Vande Bharat trains. As at June 30, 2026, the total number of employees in the employ of the Company stood at 43.
As described in the offer document.
Suraj Pandey, Sadhvi Pandey. Promoter holding 88.19% before the issue and 64.46% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹186 to ₹196 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,17,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,17,600, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 30 September 2026 and closed on 6 October 2026.
The basis of allotment was published on 7 October 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 9 October 2026 on the BSE, opening at ₹221.
The issue size was ₹121.69 crore. The fresh issue was 54,07,200 shares (aggregating up to ₹105.98 crore). The offer for sale was 8,01,600 shares (aggregating up to ₹15.71 crore).
It listed at ₹221 against an issue price of ₹196, a gain of 12.8 percent on listing day.