Updated Sep 30 · 6:15 PM IST

Acme Universal Safezone 9 IPO

Closed · lists Oct 6 SMEBook BuiltBSE SMESep 28 – 30, 2026

Acme Universal Safezone 9, a Gwalior-based business started in 1994 and incorporated in 2016, makes industrial safety footwear under the ACME brand for construction, oil & gas, mining, automotive, pharma, chemical and power users. It runs units in Madhya Pradesh and Uttar Pradesh and sells via institutions, distributors, e-commerce and exports to the Middle East, Africa and Europe.

Price Band
₹65 – 71
per share
Min. Investment
₹2,27,200
2 lots · 3,200 shares
Issue Size
₹35.93 Cr
Entirely fresh issue
Lot Size
1,600 shares
₹1,13,600 per lot
Subscription
23.49×
final
Listing
Oct 6
Allotment Oct 1
54/100
High Risk
Why? →
IPO Dates

Acme Universal Safezone 9 IPO Date & Timeline

Tentative schedule from the RHP.

Sep 28
Opens
Sep 30
Closes
Oct 1
Allotment
Oct 5
Refunds
Oct 5
Demat credit
Oct 6
Listing
Demand

Acme Universal Safezone 9 IPO Subscription Status

Final · Day 3 · Sep 30 · 5:51 PM IST

From NSE + BSE bid data, excluding the anchor portion.

QIB
31.29×
bHNI (>₹10L)
40.01×
sHNI (₹2–10L)
16.99×
NII total
32.33×
Individual
15.23×
Overall
23.49×
dashed line = 1× (fully subscribed)
Close of bidding: the issue closed 23.49× subscribed on Day 3 (5 PM, Sep 30; IPOji figures updated 5:51 PM). QIBs 31.29×, NIIs 32.33× (big HNIs 40.01×, small HNIs 16.99×), individual investors 15.23×. Exchange-consolidated final figures can differ slightly.

Day-wise subscription

DayQIBbHNIsHNINII totalIndividualTotal
Shares offered9,60,0004,83,2002,41,6007,24,80016,83,20033,68,000
Day 1 · Sep 280.00×0.38×0.81×0.52×0.16×0.19×
Day 2 · Sep 290.00×1.46×1.56×1.49×0.39×0.52×
Day 3 · Sep 3031.29×40.01×16.99×32.33×15.23×23.49×
Issue Details

Acme Universal Safezone 9 IPO Details

Checked against the RHP and cross-checked on NSE and BSE.

IPO dateSep 28 – 30, 2026
Price band₹65 – 71 per share
Face value₹10 per share
Lot size1,600 shares
Total issue size50,60,800 shares
₹35.93 Cr
Fresh issue50,60,800 shares
₹35.93 Cr
Issue typeBook Built · SME
Listing atBSE SME
Market cap≈ ₹135.56 Cr
Promoter holding94.88% → 69.73%
Lead managerExpert Global Consultants Pvt. Ltd.
Market makerJSK Securities and Services Pvt. Ltd.
RegistrarMaashitla Securities Pvt. Ltd.

Offer documents

How much to invest

Acme Universal Safezone 9 IPO Lot Size

Minimum and maximum bids by investor type at the upper band of ₹71.

ApplicationLotsSharesAmount
Individual (min)23,200₹2,27,200
Individual (max)23,200₹2,27,200
sHNI (min)34,800₹3,40,800
sHNI (max)812,800₹9,08,800
bHNI (min)914,400₹10,22,400
Who gets what

Acme Universal Safezone 9 IPO Reservation

Shares set aside for each category, and the maximum number of applicants who can get an allotment.

CategoryShares offered% of issueMax. allottees
Market maker2,54,4005%—
Anchor investors14,38,40028.4%—
QIB (ex-anchor)9,60,00019%—
NII (HNI)7,24,80014.3%—
↳ bHNI (>₹10L)4,83,2009.5%—
↳ sHNI (₹2–10L)2,41,6004.8%—
Individual investors16,83,20033.3%—
Total50,60,800100%
Company Financials

Acme Universal Safezone 9 Financials (FY24 – FY26)

Restated consolidated figures from the RHP, ₹ crore. Years end March 31.

Revenue vs Profit ₹ Cr
RevenueProfit after tax (not to scale)
Revenue FY24: ₹181.67 Cr182PAT FY24: ₹7.56 Cr7.6FY24Revenue FY25: ₹191.31 Cr191PAT FY25: ₹0.80 Cr0.8FY25Revenue FY26: ₹211.16 Cr211PAT FY26: ₹5.86 Cr5.9FY26

Financial statement

₹ CrFY24FY25FY26YoY
Revenue181.67191.31211.16+10.4%
EBITDA14.559.8515.15+53.8%
Profit after tax7.560.805.86+632.5%
Total assets119.07133.70146.72+9.7%
Net worth41.9646.9152.77+12.5%
Reserves & surplus37.5042.2338.74−8.3%
Total borrowing44.5149.6558.05+16.9%
Revenue has grown steadily (~10% in FY26 to ₹211 Cr), but profit is volatile: ₹7.6 Cr in FY24, ₹0.8 Cr in FY25 and ₹5.9 Cr in FY26, still below FY24. Borrowings rose to ₹58 Cr, above net worth.
Valuation

Acme Universal Safezone 9 IPO Valuation & Peer Comparison

At the upper band of ₹71. Peers from the RHP "Basis for Offer Price".

Earnings
EPS pre-IPO
₹4.17
EPS post-IPO
₹3.07
P/E pre-IPO
17.0×
P/E post-IPO
23.1×
Returns & margins
ROE
11.75%
ROCE
5.54%
RoNW
11.75%
PAT margin
2.84%
EBITDA margin
7.36%
Price / Book
1.89×
Market cap
₹136 Cr
Debt / Equity
1.10×

Peer comparison

CompanyP/EP/BRoNW
Acme Universal Safezone 917.0×1.89×11.75%
Liberty Shoes40.8×1.96×4.79%
Superhouse54.7×0.35×0.79%
Mallcom (India)20.8×1.96×9.44%
At ₹71 the price is ~17× FY26 EPS pre-issue (~23× post-issue) and ~1.9× book. That is below listed footwear/PPE peers such as Liberty Shoes and Mallcom on P/E, but those peers are larger, and Acme's thin ~2.8% profit margin and uneven earnings make the discount understandable.
Company & Offer

About Acme Universal Safezone 9

Business profile from the RHP.

  • 1994Business started · incorporated 2016, Gwalior (MP)
  • ACMESafety-footwear brand
  • 1,073Employees (Mar 31, 2026)
  • MP & UPManufacturing units

Promoters & holding

Nitin Tiwari, Ruchi Tiwari

Pre-issue94.88%
Post-issue69.73%

Objects of the issue

Additional machinery₹8.96 Cr
Incremental working capital₹8.00 Cr
Solar power plant installation₹3.62 Cr
Inorganic growth (acquisitions) and general corporate purposesBalance

Anchor investors

Raised
₹10.21 Cr
Anchor price
₹71

Allotted Sep 25, 2026 · 14,38,400 shares. Lock-in: 50% until Oct 31, 2026, the rest until Dec 30, 2026.

IPOSignal Review

Acme Universal Safezone 9 IPO Review: Should You Apply?

Our 100-point score, and both sides of the case.

54out of 100
High Risk · Thin Margins, Rising Debt
Confidence: 70% (Medium)
Score breakdown
Financial health11/25
Valuation11/20
Business quality8/15
Industry growth6/10
Management6/10
Governance5/10
Subscription6/7
Sentiment1/3
GMP is not part of the score.

Our view: An established safety-footwear maker with steady revenue growth, export reach and a P/E below listed peers. But profit is thin (~2.8% margin) and volatile, FY26 PAT is still below FY24, and borrowings now exceed net worth.

Strengths
  • Long operating history (business since 1994) with its own ACME safety-footwear brand.
  • Revenue has grown every year, reaching ₹211 Cr in FY26 (~10% growth).
  • Diverse customer industries and export sales to the Middle East, Africa, Europe and Asia.
  • Products certified to Indian and international safety standards (IS 15298, EN ISO 20345, ASTM F2413).
  • Valuation (~17× pre-issue, ~23× post-issue EPS; ~1.9× book) is below most listed footwear peers.
Risks
  • Very thin profit margin (~2.8%) and low ROCE (~5.5%).
  • Profit swings sharply: ₹7.6 Cr (FY24), ₹0.8 Cr (FY25), ₹5.9 Cr (FY26).
  • Borrowings (₹58 Cr) are above net worth (₹53 Cr) and rose each year.
  • Part of the money goes to unspecified acquisitions and general purposes.
  • SME listing on BSE SME: lower liquidity, and the minimum application is 2 lots (₹2.27 lakh).
Post-Listing Check

Acme Universal Safezone 9 Listing Performance Updates after Oct 6

We close the loop: issue vs listing price, and whether our call was right.

Issue price
₹71
Listing price
—
Listing gain
—
Our call
High Risk
Allotment & Contacts

Acme Universal Safezone 9 IPO Allotment Status & Contact Details

Allotment was finalised on Oct 1. Check it with your PAN or application number.

Maashitla Securities Pvt. Ltd.

Registrar
Phone
011-47581432
Email
investor.ipo@maashitla.com
Website
maashitla.com
Check allotment status →

Acme Universal Safezone 9 Ltd.

Company
Address
Near Twelve Shops Girwai Naka, A.B. Road, Gwalior, Madhya Pradesh 474001
Phone
9300870326
Email
compliance@acmeuniversal9.com
Website
acmeuniversal9.com
FAQs

Acme Universal Safezone 9 IPO FAQs

GMP, price, lot size, dates, allotment and how to apply.

What is Acme Universal Safezone 9 IPO?

Acme Universal Safezone 9 IPO is a ₹35.93 Cr SME book built issue, entirely a fresh issue. The shares will list on BSE SME.

What is the price band of Acme Universal Safezone 9 IPO?

The price band is ₹65 – ₹71 per equity share of face value ₹10.

What is the lot size of Acme Universal Safezone 9 IPO?

The minimum lot is 1,600 shares. Individual investors must apply for exactly 2 lots (3,200 shares).

What is the minimum investment for Acme Universal Safezone 9 IPO?

The minimum individual investment is ₹2,27,200 (3,200 shares at ₹71).

When does Acme Universal Safezone 9 IPO open and close?

The IPO opens on Sep 28, 2026 and closes on Sep 30, 2026.

What is the allotment date of Acme Universal Safezone 9 IPO?

The basis of allotment is finalised on Oct 1, 2026. Refunds and demat credit are expected on Oct 5, 2026.

When will Acme Universal Safezone 9 IPO be listed?

The tentative listing date is Oct 6, 2026 on BSE SME.

What is Acme Universal Safezone 9 IPO subscription status?

At close (Sep 30 · 5:51 PM IST), the issue was subscribed 23.49× overall — QIB 31.29×, bHNI 40.01×, sHNI 16.99×, Individual 15.23×.

What is the P/E ratio and valuation of Acme Universal Safezone 9 IPO?

At the upper band, the P/E is 17.0× pre-issue and 23.1× post-issue, with a market cap of about ₹135.56 Cr. Listed peers include Liberty Shoes (40.8×) and Superhouse (54.7×).

Should I apply for Acme Universal Safezone 9 IPO?

IPOSignal's view is High Risk · Thin Margins, Rising Debt (54/100). An established safety-footwear maker with steady revenue growth, export reach and a P/E below listed peers. But profit is thin (~2.8% margin) and volatile, FY26 PAT is still below FY24, and borrowings now exceed net worth. This is research, not investment advice.

How to check Acme Universal Safezone 9 IPO allotment status?

Check on the registrar Maashitla Securities Pvt. Ltd.'s site (maashitla.com/allotment-status/public-issues), or on the BSE / NSE allotment pages, using your PAN or application number.

Who is the registrar and lead manager of Acme Universal Safezone 9 IPO?

The registrar is Maashitla Securities Pvt. Ltd.. The book-running lead manager is Expert Global Consultants Pvt. Ltd.. The market maker is JSK Securities and Services Pvt. Ltd..

🔔 Get IPO alerts Our review