Acme India Industries IPO is a SME issue open from 30 September – 6 October. The company is raising ₹122 Cr at a price band of ₹186 to ₹196 per share. One lot is 600 shares.
₹30
Implied listing gain: ₹226 (15.31%)
1.84x
Times the issue was bid for
On the GMP figure: grey market premium is quoted by informal dealers. No exchange publishes it, no regulator oversees it, and it is not a forecast of the listing price. Issues quoting a strong premium have listed below their issue price. Weigh the financials and the risk factors in the RHP well above this number.
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹1,17,600
600 shares at the upper band of ₹196
Retail limit
1 lot
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~3 days
from the closing date to listing
Fresh issue share
82%
₹100 Cr of the ₹122 Cr issue
Revenue growth
+25.5%
31 Mar 2025 → 31 Mar 2026
Profit growth
+48%
PAT ₹16.46 Cr → ₹24.36 Cr
Net profit margin
9.1%
was 7.7% in 31 Mar 2025
Debt to equity
0.82
lower is safer
Return on equity
30.65%
ROE
Total subscription
1.84x
across all categories
GMP-implied listing gain
+15.3%
₹30 premium on a ₹196 issue price
Promoter holding
88.19% → 64.46%
diluted by 23.7 percentage points
Acme India Industries is an SME issue raising ₹122 Cr, offered in a band of ₹186–₹196 per share. At the upper end that is 19.6 times the ₹10 face value, so ₹186 of every share subscribed is share premium rather than capital. SME issues list on the BSE SME or NSE Emerge platform rather than the main board. They trade in fixed lots after listing, carry no retail-versus-HNI cut-off bidding, and are usually far less liquid, so exiting a position can take longer than on the main board.
A retail application for Acme India Industries needs one lot of 600 shares, which works out to ₹1,17,600 at the upper band of ₹196. SME lots are deliberately sized above ₹1,00,000, so this is a far larger single commitment than a mainboard application and rules out most small investors. Retail applications are capped at ₹2,00,000, which here is 1 lot; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 9 lots.
For Acme India Industries, bidding runs 30-6 October, allotment is finalised on 7 Oct 2026, the shares list on 9 Oct 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 3 days before listing decides what the holding is worth.
The issue is reserved 47.43% to qualified institutional buyers, 14.26% to non-institutional investors, 33.24% to retail. At 33.24%, the retail portion is on the narrower side, so retail allotment turns into a lottery quickly once the book fills. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
The issue splits into ₹100 Cr of fresh capital (82%) and ₹16 Cr as an offer for sale. The company keeps the fresh portion for the objects of the issue, while the rest is existing shareholders monetising their stake.
Revenue moved from ₹213.45 Cr in 31 Mar 2025 to ₹267.89 Cr in 31 Mar 2026 (+25.5%), while profit after tax went from ₹16.46 Cr to ₹24.36 Cr (+48%). Profit grew faster than revenue, which points to operating leverage or a better cost mix rather than growth bought purely through volume.
Institutional investors have bid for 5.7x their portion against 0.29x from retail. Institutions committing ahead of retail is generally read as confidence in the pricing.
Bigshare Services Pvt.Ltd. is the registrar for this issue, which means the allotment status for Acme India Industries is published on their portal from 7 Oct 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
A grey market premium of ₹30 on the upper band of ₹196 implies a listing gain of roughly 15.3%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.
The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.
| IPO Date | 30 September – 6 October |
| Face Value | ₹10 Per Share |
| Price Range | ₹186 to ₹196 |
| Issue Size | ₹122 Cr |
| Lot Size | 600 Shares |
| Allotment Date | 7 Oct 2026 |
| Listing Date | 9 Oct 2026 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Category | Allocation |
|---|---|
| Retail Investors | 33.24% |
| QIB (Qualified Institutional Buyers) | 47.43% |
| HNI (High Net Worth Individuals) | 14.26% |
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 5.70x |
| Non Institutional | 0.29x |
| Retail Individual | 0.29x |
| Total | 1.84x |
| Total Issue Size | 62,08,800 shares (agg. up to ₹122 Cr) |
| Reserved for Market Maker | 3,14,400 shares (agg. up to ₹6 Cr)Hem Finlease Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 50,92,800 shares (agg. up to ₹100 Cr) |
| Offer for Sale | 8,01,600 shares of ₹10 (agg. up to ₹16 Cr) |
| Net Offered to Public | 58,94,400 shares (agg. up to ₹116 Cr) |
| Share Holding Pre Issue | 1,80,65,000 shares |
| Share Holding Post Issue | 2,34,72,200 shares |
| IPO Open | Wed, Sep 30, 2026 |
| IPO Close | Tue, Oct 6, 2026 |
| Allotment | Wed, Oct 7, 2026 |
| Refund | Thu, Oct 8, 2026 |
| Credit of Shares | Thu, Oct 8, 2026 |
| Listing | Fri, Oct 9, 2026 |
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 29,44,800 | 49.96% | 47.43% |
| − Anchor Investor | 17,65,800 | 28.44% | |
| − QIB (Ex. Anchor) | 11,79,000 | 18.99% | |
| NII (HNI) | 8,85,600 | 15.02% | 14.26% |
| − bNII > ₹10L | 5,88,600 | 9.48% | |
| − sNII < ₹10L | 2,97,000 | 4.78% | |
| Retail | 20,64,000 | 35.02% | 33.24% |
| Firm Reservations | |||
| Market Maker | 3,14,400 | 5.06% | |
| Total | 62,08,800 | 100.00% | 100.00% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,35,200 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,35,200 |
| S-HNI (Min) | 3 | 1800 | ₹3,52,800 |
| S-HNI (Max) | 8 | 4800 | ₹9,40,800 |
| B-HNI (Min) | 9 | 5400 | ₹10,58,400 |
| Bid Date | Tue, Sep 29, 2026 |
| Shares Offered | 17,65,800 |
| Anchor Portion (₹ Cr.) | 34.61 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 6, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 5, 2027 |
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 382.79 | 272.45 | 217.60 |
| Total Income | 267.89 | 213.45 | 215.02 |
| Profit After Tax | 24.36 | 16.46 | 19.21 |
| EBITDA | 39.82 | 28.76 | 29.57 |
| NET Worth | 103.55 | 55.37 | 35.63 |
| Reserves and Surplus | 85.48 | 38.58 | 27.35 |
| Total Borrowing | 85.18 | 81.17 | 69.80 |
| Amount in ₹ Crore |
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding to meet working capital requirements | 38.00 |
| 2 | Repayment and/or pre-payment, in full or part, of borrowing availed by Company | 41.00 |
| 3 | Funding Capital Expenditure towards purchase of additional plant & machinery | 6.27 |
| 4 | General Corporate Purposes | |
| Total | 85.27 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 30.65% |
| ROCE | 23.20% |
| Debt/Equity | 0.82 |
| RoNW | 23.52% |
| PAT Margin | 9.24% |
| EBITDA Margin | 15.10% |
| NAV | 59.94 |
| P/B (x) | 3.27 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 13.48 | 10.38 |
| P/E (x) | 14.54 | 18.88 |
| Market Cap at Offer Price | ₹354.07 Cr. | ₹460.06 Cr |
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 88.19% | 64.46% |
| Public | 11.81% | 35.54% |
| Total | 100% | 100% |
| Name | Category | No. of Shares Offered | Amount (₹ cr.) |
|---|---|---|---|
| Suraj Pandey | Promoter | 8,01,600 | 15.71 |
| Total | 8,01,600 | 15.71 |
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
Acme India Industries IPO is a SME issue open from 30 September – 6 October. The company is raising ₹122 Cr at a price band of ₹186 to ₹196 per share. One lot is 600 shares.
The issue is open 30 September – 6 October. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
The price band is ₹186 to ₹196 per equity share, against a face value of ₹10. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
The minimum application is 600 shares, and bids must be in multiples of that lot.
The total issue size is ₹122 Cr.
The issue is reserved as retail 33.24%, QIB 47.43%, HNI 14.26%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
Basis of allotment is expected to be finalised on 7 Oct 2026. You can check your status on the registrar's website (Bigshare Services Pvt.Ltd.) using your PAN.
Listing is expected on 9 Oct 2026, following the T+3 timeline that applies to Indian IPOs.
This information is for educational purposes only. Please conduct your own research and consult with financial advisors before making investment decisions. IPO investments carry market risks.
Or see the full upcoming IPO list, today's grey market premium, subscription figures and allotment status.

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