Acme Universal Safezone 9 IPO

GMP History

Financial Performance

As disclosed by Acme Universal Safezone 9 in its offer document.

Strengths and risks

Taken from Acme Universal Safezone 9's own offer document — not Arthneeti's assessment.

• ✓The company operates four manufacturing facilities across Madhya Pradesh and Uttar Pradesh, with production stages including leather cutting, upper assembly, lasting, sole injection, finishing and packaging carried out in-house. It also has warehousing infrastructure for inventory holding, order consolidation and dispatch.
• !A significant portion of the company’s revenue is generated from a few states. The top 10 states contributed Rs 189.23 crore (91.90%), Rs 172.58 crore (92.11%), and Rs 162.96 crore (91.07%) of revenue in FY26, FY25, and FY24, respectively, with Maharashtra contributing Rs 29.66 crore (14.40%), Rs 28.47 crore (15.20%), and Rs 28.20 crore (15.76%), respectively. Any adverse political, geographical, or economic developments, increased competition, or changes in customer demand in these states could hurt the company’s revenues and profitability.
• ✓The company claims to use Desma PU direct injection machines from Germany and Orisol automated stitching machines for sole production and stitching operations. It also uses digital process monitoring integrated with SAP S/4 HANA, along with triple density manufacturing, Phylon rubber processing, and Surge Sense technology.
• !The company’s revenue is concentrated among a limited number of customers. Its top 10 customers contributed Rs 98.23 crore (47.71%), Rs 85.85 crore (48.82%), and Rs 80.59 crore (45.04%) of total sales in FY26, FY25, and FY24, respectively. Any loss of one or more key customers, reduction in business from them, or inability to maintain long-term contracts on commercially viable terms could adversely affect the company’s revenues, results of operations, and financial condition.

About Acme Universal Safezone 9

Acme Universal Safezone 9 Limited is engaged in the manufacturing and supply of industrial safety footwear under the brand name 'ACME.' The company operates in the personal protective equipment (PPE) segment and offers safety footwear for industries including construction, oil and gas, mining, heavy engineering, automotive, pharmaceuticals, chemicals, foundries, and power generation. Its product range covers 15 product lines with EVA-rubber, nitrile rubber and PVC soles, designed for protection against impact, compression, penetration, electrical shock, heat, fire, chemicals and slipping. The company also designs customised products based on customer requirements and uses ICad3D technology for product design and visualisation. It operates four manufacturing facilities across Madhya Pradesh and Uttar Pradesh. Its products are sold through institutional sales, distributors, dealers, and digital and e-commerce channels, with warehousing across more than 40 locations in India. The company also exports to markets including the UAE, Bahrain, Saudi Arabia, Nigeria, Israel, the Netherlands, Hong Kong, and Mauritius.