Acme India Industries IPO

Subscription Status

GMP History

Financial Performance

As disclosed by Acme India Industries in its offer document.

Strengths and risks

Taken from Acme India Industries's own offer document — not Arthneeti's assessment.

• ✓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 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 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.
• !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.

About Acme India Industries

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. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Funding to meet working capital requirements — Rs 38 crore Repayment and/or prepayment, in full or part, of borrowing availed by the company — Rs 41 crore Funding capital expenditure towards purchase of additional plant & machinery — 6.27 crore General corporate purpose