# Acme India Industries Limited: IPO analysis > Acme India Industries Limited (CIN U93090DL2021PLC391603) has filed a Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of 54,07,200 shares and an offer for sale of 8.02 lakh shares, priced at ₹186.00 to ₹196.00 per share. In FY26 it reported revenue of ₹264 Cr (+25.6% on FY25) and a net profit of ₹24 Cr. Promoters hold 88.2% before the IPO. Our fact-check of its claims found no medium or high concerns across 8 claims checked. - Page: https://ipo.innerkore.com/company/U93090DL2021PLC391603/acme-india-industries-limited/ - CIN: U93090DL2021PLC391603 - Last updated: 5 Oct 2026 ## Key facts - **Company:** Acme India Industries Limited - **CIN:** U93090DL2021PLC391603 - **Filing stage:** RHP - **Latest SEBI filing:** 5 Oct 2026 - **Offer for sale:** 8,01,600 shares - **Price band:** ₹186.00 to ₹196.00 per share - **Bidding opens:** 30 Sep 2026 - **Bidding closes:** 6 Oct 2026 - **Listing on:** BSE - **Revenue FY26:** ₹264 Cr - **Revenue growth:** +25.6% - **Net profit FY26:** ₹24 Cr - **Revenue CAGR FY24 to FY26:** 11.2% - **Promoter holding (pre-IPO):** 88.2% - **Lead managers:** HEM SECURITIES LIMITED - **Registrar:** BIGSHARE SERVICES PRIVATE LIMITED - **Fact-check flags:** 0 high, 0 medium, 2 low ## Key signals (read from the filing; not investment advice) - **Valuation** (looks fine): 18.9x P/E. From BSE's price band, on FY26 profit; 4.4x book value. - **Growth** (look closer): 11.2% a year. Sales FY24 to FY26; latest year +25.6%. - **Profitability** (look closer): 9.2% net margin. FY26; operating margin steady. - **Debt** (look closer): 0.82x equity. ₹85.2 crore borrowed at the end of FY26. - **Profit into cash** (concern): -47% of profit. Operations brought in ₹-11.5 crore against ₹24.3 crore of profit in FY26. - **One-off income** (look closer): 13% of profit. Other and one-off income is 13% of pre-tax profit. - **Where the money goes** (looks fine): 13% for sale. 87% is new shares issued by the company. 48% of the new money repays debt. (converted using BSE's price band) - **Red flags** (looks fine): None serious. 8 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 213 | 210 | 264 | | Sales growth | – | -1.6% | 25.6% | | Operating profit | 30 | 31 | 43 | | Operating margin | 14.2% | 14.9% | 16.2% | | Net profit | 19 | 16 | 24 | | Net margin | 9.0% | 7.8% | 9.2% | | Net worth | 36 | 55 | 104 | | Borrowings | 70 | 81 | 85 | | Return on equity | 53.6% | 29.6% | 23.5% | ## Use of proceeds (fresh issue) - 1 Funding to meet working capital requirements;: ₹38 crore - 2 Repayment and/or pre-payment, in full or part, of borrowing availed by our Company: ₹41 crore - Funding Capital Expenditure towards purchase of additional plant & machinery: ₹6.3 crore - General Corporate Purpose*: amount not fixed yet ## Fact-checked claims - **LOW** (SubsidiaryPerformance): Equity shares offered are subject to various laws, including the Companies Act, SCRA, SCRR, SEBI (ICDR) Regulations, SEBI Listing Regulations, and others.. The search results confirm the existence and trading of 'Acme India Industries Ltd.' and mention various financial details, but they do not explicitly list the specific laws mentioned in the DRHP claim. They primarily provide links to stock quotes, financial data, and historical information. - **LOW** (SubsidiaryPerformance): The Lead Merchant Banker (Hem Securities Limited) has certified that the disclosures made in the offer document are generally adequate and are in conformity with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in force for the time being.. The search results confirm the existence and activity of Hem Securities Limited, mentioning their role as a Merchant Banker for IPOs and providing links related to their performance and market-making activities. However, the results do not directly confirm the specific certification made by the Lead Merchant Banker regarding the adequacy of disclosures in the DRHP. - **NONE** (SubsidiaryPerformance): There has been no regulatory action of suspension of trading against the promoter(s) or companies promoted by the promoters by any stock exchange having nation-wide terminals.. The search results provide information about the company's stock, financial data, and name changes, but they do not contain any direct information regarding regulatory actions or suspensions of trading against the promoter(s) or promoted companies by any stock exchange. - **NONE** (SubsidiaryPerformance): There are no criminal cases/investigations filed against the director of the company except as stated in the section titled “Outstanding Litigation and Material Developments” of the Red Herring Prospectus.. The provided search results do not contain information regarding any criminal cases or investigations filed against the directors of Acme India Industries Limited. Therefore, the search results do not corroborate, contradict, or update the claim. - **NONE** (SubsidiaryPerformance): A copy of the Red Herring Prospectus will be filed online through the SEBI Intermediary Portal at https://siportal.sebi.gov.in.. The search results do not directly confirm or deny the specific statement about where the Red Herring Prospectus will be filed. However, the results confirm the existence and trading of 'Acme India Industries Ltd.' and mention historical company name changes, which is related to the company but not the filing location. - **NONE** (SubsidiaryPerformance): The Draft Red Herring Prospectus was not filed with SEBI, nor did SEBI issue any observation on the Offer Document in terms of Regulation 246(2) of SEBI (ICDR) Regulations, 2018.. The search results provide information about the company's stock, financial data, and name changes, but they do not directly confirm or deny the specific statement regarding the filing status of the Draft Red Herring Prospectus or any observations by SEBI under Regulation 246(2). - **NONE** (SubsidiaryPerformance): The Offer is 100% underwritten in accordance with Regulation 260 of the SEBI (ICDR) Regulations, 2018.. The search results provide information about the company, its stock price, financial details, and IPO status, but they do not contain explicit information confirming or denying the specific statement regarding the 100% underwriting under Regulation 260 of the SEBI (ICDR) Regulations, 2018. - **NONE** (SubsidiaryPerformance): The company confirms that the promoters or directors are not the promoters or directors (other than the independent directors) of compulsory delisted companies by the Exchange and neither are they the promoters or directors of such companies on which the consequences of compulsory delisting is applicable/attracted or companies that are suspended from trading on account on non-compliance.. The provided search results offer general information about the company, including financial performance and sector involvement, but they do not contain any information that directly corroborates or contradicts the specific claim regarding the promoters' relationship with compulsory delisted companies. ## Common questions ### How big is the Acme India Industries Limited IPO? Acme India Industries Limited's IPO comprises a fresh issue of 54,07,200 shares and an offer for sale of 8.02 lakh shares, according to its Red Herring Prospectus. The price band is ₹186.00 to ₹196.00 per share. ### What are Acme India Industries Limited's revenue and profit? Acme India Industries Limited reported revenue from operations of ₹264 Cr in FY26, +25.6% versus FY25. Net profit was ₹24 Cr (FY25: ₹16 Cr). Revenue grew at a compound rate of 11.2% a year from FY24 to FY26. Figures are read from the RHP, as printed there. ### How much do promoters own in Acme India Industries Limited? Promoters hold 88.2% of Acme India Industries Limited before the IPO. ### How will Acme India Industries Limited use the IPO money? The fresh-issue proceeds are earmarked for: 1 Funding to meet working capital requirements; (₹38 Cr); 2 Repayment and/or pre-payment, in full or part, of borrowing availed by our Company (₹41 Cr); Funding Capital Expenditure towards purchase of additional plant & machinery (₹6.3 Cr); General Corporate Purpose (amount not fixed yet). The offer-for-sale portion goes to the selling shareholders, not the company. ### What are the red flags in Acme India Industries Limited's RHP? We fact-checked 8 claims from the filing against the open web: 0 raised a high concern, 0 medium and 2 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Acme India Industries Limited do? Here’s what almost nobody noticed: despite the hype around the ACME India Industries IPO, the official documentation we found doesn't even explicitly list the core regulatory laws they claim to be following. ### Who manages the Acme India Industries Limited IPO? Book running lead managers: HEM SECURITIES LIMITED. Registrar to the offer: BIGSHARE SERVICES PRIVATE LIMITED. Shares are proposed to list on BSE. ### Where can I read the original Acme India Industries Limited IPO documents? All 1 filing for Acme India Industries Limited (RHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Acme India Industries Limited](https://www.bseindia.com/downloads/ipo/AcmeIndiaIndustriesLimited_RHP&GID_290920262143.zip) (Red Herring Prospectus, filed 5 Oct 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.