IPO Analysis
Acme Universal IPO Analysis: GMP, Financials, Valuation & Risks
Acme Universal IPO is a BSE SME issue with a price band of ₹65 to ₹71 per share and GMP at 0 as of 30 Sept 2026, 2:47 am IST.
· 5 min read
AI wrote this article from prospectus and exchange data, and software checked its figures against that data before publishing. How our content is made
Summary
Acme Universal IPO is an SME book build issue on BSE SME with a price band of ₹65 to ₹71 per share. The issue size is approximately ₹36 crores, and the latest unofficial grey market premium is 0 as of 30 Sept 2026, 2:47 am IST.
The company has shown revenue growth across the periods provided, but profitability has been uneven. The latest subscription data shows overall subscription at 0.90 times as of 30 Sept 2026, 3:35 pm IST.
IPO snapshot
| Particular | Details |
|---|---|
| Company | Acme Universal |
| IPO type | SME |
| Exchange | BSE SME |
| Issue type | Book build Issue |
| Price band | ₹65 to ₹71 Per Share |
| Face value | ₹10 Per Equity Share |
| Issue size | Approx ₹36 Crores |
| Fresh issue | Approx ₹36 Crores |
| Offer for sale | Not available |
Dates
| Event | Date |
|---|---|
| IPO open | September 28, 2026 |
| IPO close | September 30, 2026 |
| Allotment | October 1, 2026 |
| Refunds | October 5, 2026 |
| Credit to demat | October 5, 2026 |
| Listing | October 6, 2026 |
Market lot
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | 2,27,200 |
| Retail Maximum | 2 | 3200 | 2,27,200 |
| S-HNI Minimum | 3 | 4800 | 3,40,800 |
| S-HNI Maximum | 8 | 12,800 | 9,08,800 |
| B-HNI Minimum | 9 | 14,400 | 10,22,400 |
Business
Acme Universal has the promoters Nitin Tiwari and Ruchi Tiwari. The company has five manufacturing facilities and has implemented SAP S/4 HANA for enterprise resource planning.
The available business note says the company has a moderate financial position, steady revenue growth, and fluctuating profitability. It also says the balance sheet reflects a high level of current liabilities, which affects liquidity ratios.
Financials
| Period ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 181.67 | 171.57 | 7.56 | 119.07 |
| 2025 | 191.31 | 188.21 | 0.80 | 133.70 |
| 2026 | 211.16 | 203.35 | 5.86 | 146.72 |
The company has posted revenue of 181.67 in 2024, 191.31 in 2025, and 211.16 in 2026. PAT moved from 7.56 in 2024 to 0.80 in 2025 and 5.86 in 2026.
Valuation
| Metric | Value |
|---|---|
| ROE | 11.75% |
| ROCE | 5.54% |
| EBITDA margin | 7.36% |
| PAT margin | 2.84% |
| Debt to equity ratio | 1.10 |
| EPS | 4.17 (Basic) |
| P/E ratio | N/A |
| Return on net worth | 11.75% |
| NAV | 37.60 |
From the available numbers, the business looks moderately leveraged, with a debt to equity ratio of 1.10. The PAT margin is 2.84%, and ROCE is 5.54%.
GMP
The latest unofficial grey market premium is 0 as of 30 Sept 2026, 2:47 am IST. The estimated listing price is 71, and the estimated listing percent is 0.
GMP trend
| Date | GMP | Estimated listing percent |
|---|---|---|
| 2026-09-23 | 0 | 0 |
| 2026-09-25 | 0 | 0 |
| 2026-09-26 | 0 | 0 |
| 2026-09-27 | 0 | 0 |
| 2026-09-28 | 0 | 0 |
| 2026-09-29 | 0 | 0 |
| 2026-09-30 | 0 | 0 |
Strengths
- Transitioned from a partnership firm to a public limited company.
- Implemented SAP S/4 HANA for enterprise resource planning.
- Expanded manufacturing capacity with five facilities.
Risks
- Lease dependencies for offices and factories may disrupt operations.
- Revenue concentration in few states and customers increases vulnerability.
- Pending statutory approvals could lead to operational disruptions.
- High raw material cost volatility affects margins.
- Outstanding legal proceedings may impact financials.
Important dates
| Event | Date |
|---|---|
| Open | September 28, 2026 |
| Close | September 30, 2026 |
| Allotment | October 1, 2026 |
| Refunds | October 5, 2026 |
| Credit to demat | October 5, 2026 |
| Listing | October 6, 2026 |
Who may find this IPO relevant
This IPO may be relevant for readers tracking SME issues on BSE SME, especially those comparing issue metrics, recent subscription levels, and the latest unofficial grey market premium.
It may also be useful for readers who want a quick view of the company’s revenue trend, leverage, and listed risks before following the next updates on the issue.
For more IPO coverage, see the Acme Universal IPO analysis page and All IPOs.
FAQs
What is the price band for Acme Universal IPO?
The price band is ₹65 to ₹71 per share.
What is the issue size?
The issue size is approximately ₹36 crores.
What is the latest unofficial grey market premium?
The latest unofficial grey market premium is 0 as of 30 Sept 2026, 2:47 am IST.
What is the latest subscription status?
The latest total subscription is 0.90 times as of 30 Sept 2026, 3:35 pm IST.
When is the listing date?
The listing date is October 6, 2026.