Acme India Industries shares made a positive debut on the BSE SME platform on October 9, listing at a premium of 12.76% over the IPO price. The stock opened at ₹221 per share against the issue price of ₹196, giving the company a market capitalisation of around ₹518.74 crore. The listing came below grey market premium expectations, as shares were commanding a premium of nearly 22% on the morning of October 9, according to InvestorGain. The grey market premium serves as an unofficial indicator and does not guarantee the actual listing price.
The ₹121.69 crore IPO received exceptional investor response with 115.51 times oversubscription, with investors placing bids for more than 51.32 crore shares against the 44.43 lakh shares on offer. The subscription pattern showed strong institutional interest, with the non-institutional investor (NII) category subscribed 145.11 times, while the qualified institutional buyer (QIB) portion was subscribed 137.93 times. The retail individual investor (RII) category saw 85.50 times subscription. The subscription period ran from September 30 to October 6, 2026, with allotment finalised on October 7 and listing scheduled for October 9 at 10 am.
The ₹121.69 crore Acme India Industries IPO comprised a fresh issuance of 54.07 lakh shares totalling ₹105.98 crore and an offer for sale (OFS) component of ₹15.71 crore by promoter Suraj Pandey, according to Kamal Joshi. The net proceeds from the fresh issue will be utilized for funding working capital requirements, repayment of borrowings, capital expenditure towards purchase of additional plant and machinery, and corporate general purposes. The company expects listing to enhance corporate image and provide liquidity to existing shareholders. Paramount Syntex raised ₹81.79 crore with an issue size of ₹119-127 per share, while TNA Solutions collected ₹37.86 crore at ₹70 per share.
According to the company's red herring prospectus, Acme India Industries operates in the Indian railway rolling stock sector, focusing on design, manufacture and warranty maintenance of railway coach interiors. The company provides turnkey furnishing solutions for new railway coach interiors, upgrading, refurbishment and conversion of old coaches, and upgrading of toilet facilities within railway coaches. Additionally, it manufactures and supplies components to Indian Railways. The company operates manufacturing facilities in Sonipat, Haryana, and works with various Indian Railways production units for coach furnishing and refurbishment projects.
The ₹121.69 crore Acme India Industries IPO allotment status was finalised on Wednesday, October 7, with shares scheduled to list on the BSE SME platform on October 9 at 10 am. Investors can check their allotment status through Bigshare Services portal at www.bigshareonline.com/ipo_Allotment.html or BSE website at bseindia.com/investors/appli_check.aspx, as reported by Kamal Joshi. The process involves selecting 'Acme India Industries Limited' from available IPO names and using PAN, beneficiary ID, or application number for verification. Hem Securities Ltd. served as the book-running lead manager for Acme India Industries, while Bigshare Services Pvt. Ltd. acted as the registrar.
