IPO Overview
Originally established as a partnership firm in April 1994 and incorporated as a company in November 2016, Acme Universal Safezone 9 Limited is a leading manufacturer of industrial safety footwear under the ‘ACME’ brand. The company operates in the Personal Protective Equipment (PPE) segment, serving industries including construction, oil and gas, mining, automotive, pharmaceuticals, chemicals, foundries, and power generation. Its product portfolio includes EVA-Rubber, Nitrile-Rubber, and PVC safety footwear designed to meet Indian and international standards. The company operates five manufacturing facilities across Madhya Pradesh and Uttar Pradesh and reaches customers through institutional sales, distributors, dealers, e-commerce, and exports. As of March 31, 2026, it employed 1,073 professionals across its functions and operations.
The company is now launching an SME IPO on the BSE SME platform. The IPO is sized at ₹35.93 crore with a price band of ₹65 to ₹71 per share. The issue opens on 28 September 2026 and closes on 30 September 2026, with listing scheduled for 6 October 2026. The IPO is entirely a fresh issue with no offer for sale (OFS), meaning all proceeds are intended for the company’s proposed objectives.
IPO Detailed Information
Issue Details
| Parameter | Details |
| IPO Type | Book Built – SME |
| Listing Exchange | BSE SME |
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| Allotment Date | 1 October 2026 (Expected) |
| Credit to Demat | 3 October 2026 |
| Listing Date | 6 October 2026 (Tentative) |
| Price Band | ₹65 – ₹71 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,600 shares |
| Minimum Investment (Retail) | ₹2,27,200 (2 lots = 3,200 shares) |
| Issue Size | ₹35.93 crore |
| Fresh Issue | 50,60,800 shares (₹35.93 crore) |
| Offer For Sale (OFS) | Nil |
Note: The entire IPO is a fresh issue — no offer-for-sale component. All proceeds go directly to the company.
Issue Break-up
| Category | Allocation |
| Qualified Institutional Buyers (QIB) | ~50% |
| Non-Institutional Investors (NII/HNI) | ~15% |
| Retail Individual Investors (RII) | ~35% |
| Market Maker | Reserved Portion |
OFS / Selling Shareholders
There is no Offer For Sale (OFS) in this IPO. The entire issue is a fresh issue, and all IPO proceeds will be received directly by the company for business use.
Objects of the Issue (Fund Utilization)
The IPO proceeds are proposed to be used for a solar power plant, additional machinery, incremental working capital, and inorganic growth through unidentified acquisitions, strategic initiatives, and general corporate purposes. The identified objects total ₹20.58 crore.
- Purchase of additional machinery and equipment
- Setting up a solar power plant
- Incremental working capital requirements
- Inorganic growth through acquisitions and strategic initiatives
- General corporate purposes
Lead Managers & Registrar
- Book Running Lead Manager: Expert Global Consultants Pvt. Ltd.
- Registrar to the Issue: Maashitla Securities Pvt. Ltd.
Promoters & Management
The company was incorporated in November 2016 in Madhya Pradesh and started as a safety footwear manufacturing company for industrial and institutional clients. Promoter details are available in the Red Herring Prospectus filed with BSE SME on July 27, 2026.
Company Details
Acme Universal Safezone 9 Limited manufactures and supplies safety footwear targeted at institutional and industrial buyers under the ACME brand. The company designs, manufactures, and distributes a wide range of safety shoes compliant with Indian and international standards including IS 15298, EN ISO 20345, ASTM F2413, and SEDEX SMETA.
Sectors Served:
- Construction
- Oil & Gas
- Mining
- Automotive
- Pharmaceuticals & Chemicals
- Foundries
- Power Generation
- Logistics & Engineering
Key Products:
- EVA-Rubber Safety Footwear
- Nitrile-Rubber Safety Footwear
- PVC Safety Footwear
- Customised industrial-grade safety shoes for institutional clients
Key Capabilities:
- Large-scale manufacturing capabilities with five production facilities. Automated manufacturing supported by advanced ERP and design technologies. Diversified safety footwear portfolio compliant with global quality standards. Strong domestic distribution network, export presence, and long-standing customer relationships.
Manufacturing Facilities:
- Five manufacturing plants across Madhya Pradesh and Uttar Pradesh
Financial Snapshot
| Period | Total Income (₹ Cr) | PAT (₹ Cr) |
| FY24 | ₹206.45 | ₹34.44 |
| FY25 | ₹191.31 | ₹0.80 |
| FY26 | ₹211.16 | ₹5.86 |
Key Financial Metrics
- Total income grew by 10% to ₹211.16 crore in FY26 compared to ₹191.31 crore in FY25. Profit after tax jumped 628% to ₹5.86 crore compared to ₹0.80 crore in FY25.
- At ₹71, the stated post-issue P/E is 23.13 times. Borrowings stand at ₹58.05 crore with a thin net profit margin of 2.84% in FY26.
- FY26 PAT of ₹5.86 crore remains significantly below FY24 PAT of ₹34.44 crore, making the 628% percentage rebound an incomplete measure of actual recovery.
Company Strengths
- Three-decade-old brand in industrial safety footwear — originally established in 1994 — giving the company strong institutional recognition and buyer trust
- Diversified safety footwear portfolio compliant with global quality standards (IS 15298, EN ISO 20345, ASTM F2413, SEDEX SMETA), with automated manufacturing supported by advanced ERP and design technologies
- Multi-channel distribution strategy — institutional sales, distributors, dealers, e-commerce, and exports — providing diversified revenue streams
- Five manufacturing facilities across two states, offering operational scale and geographic production spread
- Entire IPO is a fresh issue — no promoter exit; all funds directed towards business growth
Key Risks & Challenges
- Inconsistent profitability: FY26 profit remained below FY24, making the 628% percentage rebound from a weak FY25 an incomplete measure of true progress. Earnings instability raises concerns about sustainability.
- High borrowings: Borrowings stand at ₹58.05 crore with a thin net profit margin, limiting financial flexibility and increasing interest burden on operations.
- Customer concentration risk: The top 10 customers accounted for 47.71% of revenue for FY26 — any reduction in business from these key clients could cause significant revenue disruption.
- Leased premises risk: Company offices and plants are located on leased premises, and any disruption in these lease arrangements could adversely affect its business, operations, and financial performance.
- Geographic revenue concentration: A significant portion of the company’s revenue has been generated from some states of India — any loss of business from these states may adversely affect revenues and profitability.
Disclaimer:
This document is for informational purposes only and should not be considered as investment advice. Investors should read the Red Herring Prospectus (RHP) carefully and consult a financial advisor before investing in any IPO. Market investments are subject to risk.
