Acme Universal Safezone 9 IPO Details & GMP

Company Overview

Acme Universal Safezone 9 Limited (founded as a partnership in 1994 and converted to a public limited company in November 2016) operates in the Personal Protective Equipment (PPE) industry, specializing in industrial safety footwear. Registered in Gwalior, Madhya Pradesh, the company manufactures specialized footwear engineered for high-hazard workplace environments.

• Core Products: Produces 15 distinct product lines covering EVA-rubber, Nitrile Rubber, and PVC sole types. Features include impact protection, penetration resistance, chemical resistance, electrical shock protection, static electricity grounding, and slip resistance.

• Manufacturing Capabilities: Operates manufacturing facilities across Madhya Pradesh and Uttar Pradesh with an installed soling capacity of ~43.15 lakh units. Facilities feature German-sourced Desma direct injection machines paired with robotic arms.

• Target Segments: Serves heavy manufacturing, construction, oil & gas, mining, automotive, defense, chemical processing, pharmaceuticals, and power generation.

• Quality Certifications & Compliance: Products comply with IS 15298, EN ISO 20345, ASTM F2413, and SEDEX SMETA standards, making the company eligible for Government e-Marketplace (GeM) orders and defense contracts.

• Distribution Reach: Uses direct institutional channels, distributor networks, and e-commerce across 40+ Indian warehouse locations, with export markets in the UAE, Saudi Arabia, Bahrain, Nigeria, and Israel.

2. Performance

• Revenue Expansion: Revenue from operations grew from ₹181.67 crore in FY24 to ₹191.31 crore in FY25, and reached ₹211.16 crore in FY26 (~10.4% YoY growth).

• Earnings Recovery: Net profit rebounded sharply to ₹5.86 crore in FY26 (up from ₹0.80 crore in FY25), driven by operational efficiency and higher-margin institutional defense orders.

• Capacity Utilization: Soling production utilization stood at 64.23% in FY26.

• Workforce & Operations: Supported by a workforce of over 1,070 employees.

3. IPO Details

Parameter	Details
IPO Window	September 28, 2026 – September 30, 2026
Tentative Listing Date	October 6, 2026 (BSE SME Platform)
Issue Price Band	₹65 to ₹71 per share
Face Value	₹10 per equity share
Total Issue Size	50,60,800 shares (aggregating up to ₹35.93 Crore)
Fresh Issue Portion	50,60,800 shares (100% fresh issue, 0 OFS)
Market Maker Quota	2,54,400 shares (~₹1.81 Crore)
Net Offer Allocations	QIB: Up to 50% | Retail: Min 35% | NII: Min 15%
Minimum Retail Lot Size	2 Lots (3,200 shares) = ₹2,27,200 (at upper price band)
Minimum S-HNI Lot Size	3 Lots (4,800 shares) = ₹3,40,800
Book Running Lead Manager	Expert Global Consultants Pvt. Ltd.
Registrar to the Issue	Maashitla Securities Pvt. Ltd.

Objects of the Fresh Issue

• Funding capital expenditure for installing a solar power plant (₹3.62 Crore).

• Purchasing and installing additional plant machinery (₹8.96 Crore).

• Meeting augmented working capital needs (₹8.00 Crore).

• General corporate purposes.

4. Financial Details

Financial Summary (Amounts in ₹ Crore)

Financial Metric	FY24	FY25	FY26
Total Income	₹181.67	₹191.31	₹211.16
EBITDA	~₹9.85	~₹9.85	₹15.15
Profit After Tax (PAT)	₹7.56	₹0.80	₹5.86
Net Worth	₹41.96	₹46.91	₹52.77
Total Borrowings / Debt	₹44.51	₹49.65	₹58.05
Total Assets	₹119.07	₹133.70	₹146.72

Key Valuation Ratios & Metrics (FY26)

• Pre-IPO EPS: ₹4.17

• Post-IPO EPS: ₹3.07

• Pre-IPO P/E: 17.03x

• Post-IPO P/E: 23.13x (at ₹71 cutoff price)

• Market Capitalization: ₹135.56 Crore (at ₹71/share)

• Return on Net Worth (RoNW): 11.75%

• Debt / Equity Ratio: 1.10x

• PAT Margin: 2.84%

• EBITDA Margin: 7.17%