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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Prepayment or repayment of outstanding borrowings
Allocating funds towards full or partial settlement of existing credit lines and debt facilities.
Funding incremental working capital requirements
Meeting operational liquidity needs to execute ongoing projects and scale production capacity.
Capital expenditure for plant and machinery
Procuring new equipment and machinery to expand manufacturing and installation capabilities.
General corporate purposes
Supporting routine corporate functions, administrative expenses, and business growth initiatives.
(₹ in Crore)
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Incorporated in December 2021, Acme India Industries Limited operates in the Indian railway rolling stock sector. The company specializes in the engineering, fabrication, supply, fitting, and maintenance of railway coach interiors along with turnkey furnishing solutions for passenger train coaches. Its product lineup includes fiber-reinforced plastic (FRP) items, modular toilets, sanitary fittings, epoxy flooring, compartment doors, berths, seating units, braille signage, and fire-retardant interior coatings. The company serves customers across sixteen railway zones and major manufacturing centers in India, such as the Integral Coach Factory in Chennai and the Modern Coach Factory in Raebareli. Acme India Industries carries out turnkey furnishing for new passenger coaches, technical upgrades for ICF and LHB coaches, and comprehensive rehabilitation of train toilet assemblies. Manufacturing operations are housed at a 92,000 square foot facility in Sonipat, Haryana, operating under ISO 9001:2015 and ISO 15085 quality certifications. Business is primarily secured through competitive bidding in government and zonal railway tenders. By integrating factory-level component manufacturing with specialized on-site installation teams at railway workshops, the company provides end-to-end execution for interior retrofitting and refurbishment contracts. Its established operations support ongoing initiatives by Indian Railways to upgrade passenger amenities and modernize fleet infrastructure.
Acme India Industries Limited raised Rs 34.61 crore from 13 institutional investors in its anchor book on September 29, 2026. A total of 17,65,800 equity shares were allocated at Rs 196 per share. Prominent anchor investors include Motilal Oswal Finvest Limited, Sanshi Fund-I, and Hem Growth Opportunities Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 8 October 2026, 5:30 AM
Established Position in Railway Coach Furnishing
The company maintains a proven track record in turnkey coach interiors, modernization of toilets, and refurbishments across sixteen Indian Railways zonal networks.
Integrated In-House Fabrication and Field Teams
Operating a 92,000 square foot facility in Sonipat along with specialized on-site assembly teams enables seamless execution from component manufacturing to installation.
Sustained Order Flow from Production Units
Long-term relationships with major railway manufacturing hubs such as ICF Chennai and MCF Raebareli support consistent business opportunities through competitive bidding.
Heavy Reliance on Government Tenders
A major portion of revenues originates from public tenders issued by Indian Railways, exposing operations to policy changes, budgetary constraints, and procurement delays.
Capital-Intensive Working Cycle
Turnkey railway projects demand significant upfront investment for raw materials and component stocks, leading to substantial working capital requirements.
Exposure to Raw Material Price Swings
Profit margins may be adversely affected by cost volatility in core inputs such as FRP resins, metals, and specialized coatings if input price increases cannot be passed on.
Acme India Industries Limited
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