Acme India Industries Limited IPO: Date, GMP, Price Band & Subscription
SME LISTED · updated 16 Oct 2026, 7:08 am IST · हिंदी में पढ़ें
Compiled by the Xflot IPO desk from NSE and BSE issue data, RHP, the registrar, grey-market quotes (unofficial) · Updated 16 Oct 2026, 06:58 am IST · How we source each figure
- Opens30 Sep
- Closes6 Oct
- Listing9 Oct
Listed on 9 Oct 2026.
A forecast is a guess about an outcome, scored on listing day. Not a recommendation — how it works.
Why is the Acme India Industries Limited IPO GMP ₹65?
₹65 is what grey-market dealers were last quoting over the issue price of ₹196, which works out to +33.2%. Nobody publishes a reason for the level, and anyone claiming one is guessing. What can be said is that the rate is unofficial, quoted privately, and not published by NSE, BSE or SEBI.
What is the minimum investment in the Acme India Industries Limited IPO?
One lot is 600 shares, which costs about ₹1,17,600 at the top of the ₹186–₹196 band. Retail applications above ₹2,00,000 move into the HNI category, which is allotted on a different basis.
Valuation at the band
From the company's RHP dated 2026-09-24, every input checked against the document; prices from the exchange. Figures side by side — not a view on whether the price is right.
Acme India Industries Limited IPO GMP — day by day
Reported grey market premium per share, one reading a day, against the issue's own dates. Unofficial throughout — hover or tab through for the implied listing price.
| Date | GMP | Trend | % of band |
|---|---|---|---|
| 07 Oct 2026 | ₹65 | ▬ | +33.16% |
| 06 Oct 2026 | ₹65 | ▲ | +33.16% |
| 05 Oct 2026 | ₹30 | ▬ | +15.31% |
| 04 Oct 2026 | ₹30 | ▲ | +15.31% |
| 02 Oct 2026 | ₹25 | — | +12.76% |
Subscription status
| Category | Times subscribed |
|---|---|
| No subscription figures were captured for this issue. NSE publishes category-wise subscription only while an issue is open, and this one closed before it was being tracked here. | |
Acme India Industries Limited IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| One lot | 1 | 600 | ₹1,17,600 |
At the upper band. SME issues set the minimum application in the prospectus (SEBI raised it in 2025) — check the RHP for how many lots an individual must bid.
Acme India Industries Limited IPO dates
| Step | Date |
|---|---|
| Opens for bids | Wed, 30 Sep 2026 |
| Closes for bids | Tue, 6 Oct 2026 |
| UPI mandate cut-off · 5 pm on the closing day | Tue, 6 Oct 2026 |
| Basis of allotment · T+1 | Wed, 7 Oct 2026 expected |
| Refunds start · T+2 | Thu, 8 Oct 2026 expected |
| Shares credited to demat · T+2 | Thu, 8 Oct 2026 expected |
| Listing · T+3 | Fri, 9 Oct 2026 |
"Expected" dates follow SEBI's T+3 timetable from the closing day, skipping weekends and market holidays; the exchange's or the company's own date replaces each one as soon as it is published.
| Issue size | ₹121.69 Cr |
| Price band | ₹186 – ₹196 |
| Lot size | 600 shares |
| Registrar | Bigshare Services Private Limited |
| Listing at | NSE |
Documents and links
- RHP dated 2026-09-24 — the document the figures on this page are quoted from
- Bigshare Services allotment status — the registrar's own page (free; never asks for a payment or a password)
- How to check Acme India Industries Limited IPO allotment
About this issue
Summary generated from the issue data on this page. Figures above are the source; this paragraph adds no new facts.
From the prospectus
Over 3 reported periods (FY2024 to FY2026), revenue moved +24%, and the latest period was profitable at ₹2,433.2 L. Figures are as stated in the company's RHP dated 2026-09-24, in ₹ lakh.
| Period | Revenue | Profit / (loss) | Margin | Debt |
|---|---|---|---|---|
| FY2024 | ₹21,343.5 L | ₹1,920.7 L | 9.0% | — |
| FY2025 | ₹20,999.5 L | ₹1,640 L | 7.8% | — |
| FY2026 | ₹26,370.8 L | ₹2,433.2 L | 9.2% | — |
What the company does
Acme India Industries provides turnkey furnishing of the interiors of new railway coaches, and refurbishes, upgrades and converts existing coaches, including modernising train toilets; it also makes and supplies components to the railways. Indian Railways accounted for ₹12,306.45 lakh, or 46.77%, of revenue in Fiscal 2026, and the order book from Indian Railways stood at ₹73,797.33 lakh as of June 30, 2026. Consolidated revenue from operations was ₹26,370.77 lakh in Fiscal 2026. The shares are proposed to be listed on BSE SME.
Promoters
The promoters are Suraj Pandey and Sadhvi Pandey; there is no promoter group shareholding. They hold 88.19% before the offer and 64.46% after it, according to the capital structure table. Suraj Pandey is the selling shareholder, offering 8,01,600 shares alongside a fresh issue of up to 54,07,200 shares. Before the offer the company placed 10,80,000 shares privately at ₹190 each.
What the money is for
- Working capital requirements — ₹3,800 L
- Repayment or pre-payment of borrowings — ₹4,100 L
- Purchase of additional plant and machinery — ₹627.3 L
- General corporate purposes (amount not yet stated)
Risks the company itself lists
- Operations and revenue depend on Indian Railways, which accounted for 46.77% of revenue in Fiscal 2026 and 91.54% the year before; a change in Ministry of Railways policy may lead to contracts being foreclosed, terminated or renegotiated.
- Railway contracts are awarded by tender, and the company says there is no assurance its bids are accepted or future contracts awarded.
- There are outstanding legal proceedings involving the company, its directors and promoters, including six direct tax matters against the company with ₹1,469.14 lakh in dispute.
- It is subject to strict quality requirements and customer inspections, and failing them may mean rework or replacement of orders.
- Operations need high working capital, met so far through bank borrowing and internal accruals.
- Personal assets and unidentified liabilities of the promoter's proprietorship M/s Acme India were transferred to the company, which the document says may expose it to unforeseen obligations.
- Promoters and promoter group members have given personal guarantees for the company's loans.
Lead managers: Hem Securities Limited.
Source: the RHP filed by the company ↗. This section reports what the document says; it is not a recommendation to apply, buy or sell.
Allotment status and registrar for Acme India Industries Limited →
Frequently asked questions
What is the Acme India Industries Limited IPO GMP today?
The reported grey market premium is ₹65 per share, roughly 33.16% of the upper price band. This is unofficial.
Does GMP decide the listing price?
No. GMP is unofficial sentiment and often differs from the actual listing price.
See the scoreboard for how the two have compared.