SME

IPO ·

BSE SME

Acme Universal Safezone 9 Ltd

Listed

Maker of industrial safety footwear with four plants in MP and UP, serving construction, oil and gas and mining.

Issue details

Price band

₹65 – ₹71

Face value

₹10

Lot size

1,600 shares

Minimum investment

₹2,27,200

Issue size

₹35.93 Cr

Fresh issue

₹35.93 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

28 Sep 2026

Closes

30 Sep 2026

UPI mandate cut-off

5:00 PM on 30 Sep 2026

Allotment

1 Oct 2026

Refunds

5 Oct 2026

Shares in demat

5 Oct 2026

Listing

6 Oct 2026

Subscription and listing

Subscription

23.41x

Listing price

₹101

Registrar

Maashitla Securities Pvt Ltd

Lead manager

Expert Global Consultants Pvt Ltd

Subscription by category

QIB (Ex Anchor)

31.29x

NII *

31.98x

bNII (> ₹10L)

39.48x

sNII (< ₹10L)

16.99x

Individual Investor

15.23x

Total

23.41x

Total applications

10,193

Anchor investors

Amount raised

₹10.21 Cr

Bid date

25 Sep 2026

50% lock-in ends

1 Nov 2026

Rest lock-in ends

31 Dec 2026

Listing day

Issue price

₹71

Open

₹101.00

High

₹106.05

Low

₹101.00

Day close

₹106.05

Listing gain at open

+42.25%

Issue structure

Shares reserved per category and share of the total issue

QIB

23,98,400

47.39%

Anchor Investor

14,38,400

28.42%

QIB (Ex. Anchor)

9,60,000

18.97%

NII

7,24,800

14.32%

bNII > ₹10L

4,83,200

9.55%

sNII < ₹10L

2,41,600

4.77%

Retail

16,83,200

33.26%

Market Maker

2,54,400

5.03%

Total

50,60,800

100.00%

Finaccle’s quick read

Avoid

PAT has been erratic (₹7.56 Cr, ₹0.80 Cr, ₹5.86 Cr over FY24 to FY26) with debt/equity of 1.10, PAT margin of 2.84% and post-issue P/E of 23.13.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Acme Universal Safezone 9 makes personal protective equipment, mainly industrial safety footwear with EVA-rubber, nitrile rubber and PVC soles. It runs four plants in Madhya Pradesh and Uttar Pradesh and exports to the Middle East, Africa, Europe and Asia. It reported FY26 total income of about ₹211 Cr with over 1,000 workers.

Founded

2016

2016

Promoters

Nitin Tiwari, Ruchi Tiwari

Nitin Tiwari, Ruchi Tiwari

Products and segments

Industrial safety footwear across 15 product lines (EVA-rubber, nitrile rubber and PVC soles) and other PPE

Industrial safety footwear across 15 product lines (EVA-rubber, nitrile rubber and PVC soles) and other PPE

Promoter holding

94.88% pre-issue; 69.73% post-issue

94.88% pre-issue; 69.73% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

211.16

211.16

15.15

5.86

5.86

52.77

58.05

58.05

146.72

FY25

FY25

191.31

191.31

9.85

0.80

0.80

46.91

49.65

49.65

133.70

FY24

FY24

181.67

181.67

14.55

7.56

7.56

41.96

44.51

44.51

119.07

ROE

—

ROCE

5.54%

Debt / equity

1.10

PAT margin

2.84%

P/E post issue

23.13

Market cap

₹135.56 Cr

Use of IPO money

Solar power plant capex

₹3.62 Cr

Additional machinery capex

₹8.96 Cr

Incremental working capital

₹8.00 Cr

Inorganic growth and general corporate purposes

₹10.63 Cr

Issue expenses

₹4.72 Cr

Strengths

✓

Four manufacturing plants with scale in safety footwear

✓

Exports to nine countries

✓

Broad range of 15 product lines

✓

Entirely fresh issue

Risks to watch

!

PAT swung from ₹7.56 Cr to ₹0.80 Cr to ₹5.86 Cr

!

Debt/equity of 1.10 with borrowings rising each year

!

Thin PAT margin of 2.84% and ROCE of 5.54%

!

₹10.63 Cr for unidentified inorganic growth and GCP

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.