| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 178.94 | 187.36 | 205.90 |
| Expenses | 171.57 | 188.21 | 203.35 |
| Other Income | 2.72 | 3.96 | 5.26 |
| Total Revenue | 181.67 | 191.31 | 211.16 |
| Profit Before Tax | 10.10 | 3.11 | 7.82 |
| Net Profit | 7.56 | 0.80 | 5.86 |
Acme Universal Safezone 9
Acme Universal Safezone 9 IPO
₹2,08,000
0.09 xOver-subscribedBidding Dates 28 Sept, 26 -30 Sept, 26
Min Investment ₹2,08,000
Lot Size1,600
Price Range ₹65 – ₹71
Issue Size ₹35.93 Cr.
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IPO Subscription Details
Retail Subscription Details
0.11 x
Non-Institutional Buyers (sHNI)
0.51 x
Non-Institutional Buyers (bHNI)
0.25 x
Qualified Institutional Buyers (QIB)
0 x
Total0.09 x
0.09 x IPO Timeline
IPO Offer Start
28 Sept,26
IPO Offer Ends
30 Sept,26
Allotment Finalisation
01 Oct,26
Refund Initiation
05 Oct,26
Listing of Shares
06 Oct,26
IPO Analysis
Strengths
The company manufactures safety footwear under the brand 'ACME' and holds ISO certification with products compliant with IS 15298, EN ISO 20345, ASTM F2413, and SEDEX SMETA standards, catering to regulated sectors like construction, oil & gas, and mining.
The company offers 15 product lines covering EVA-rubber, Nitrile Rubber, and PVC sole types, addressing hazard categories including impact protection, chemical resistance, electrical shock resistance, and slip resistance.
The company reported Revenue from Operations of Rs. 20,590.31 lakhs in FY 2025-26, with EBITDA of Rs. 1,515.19 lakhs (7.36%) and PAT of Rs. 585.73 lakhs (2.84%), reflecting a revenue growth of 9.90% over the previous year.
Risks
The company's top 10 customers account for 47.71%, 48.82%, and 45.04% of total sales for FY2026, FY2025, and FY2024 respectively, with the single largest customer contributing 12.13% of revenue in FY2026. Any loss of or reduction in business from these key clients could cause significant revenue disruption and adversely affect financial condition and cash flows.
The company's products must comply with IS 15298 and IS 1989:2020 standards, which are mandatory qualifications for government/GeM procurement and defence supply contracts. Any suspension, cancellation, or non-renewal of BIS licenses would immediately disqualify the company from tendering for government orders, resulting in an immediate and material adverse effect on revenues.
The company's manufacturing relies on PU/PVC compounds linked to crude oil derivatives, leather subject to hide market dynamics, and other specialized materials procured through open-market procurement without long-term fixed-price contracts. Under government Rate Contracts where sale prices are fixed, the company may be unable to pass on full cost increases to customers, significantly compressing EBITDA margins.
Objectives
The company intends to utilize a portion of the Net Proceeds towards funding capital expenditure for installation of solar power plants at three manufacturing facilities to optimize energy consumption, reduce dependence on conventional grid-based electricity, and improve cost efficiencies.
The company proposes to utilize a portion of the Net Proceeds towards procurement and installation of advanced plant and machinery including Knife Cutting Machines, Professional Nesting Stations, Foaming Pouring Machines, Upper Link Molding Conveyors, and Air Ovens to enhance production capabilities and improve process efficiencies.
The company intends to utilize a portion of the Net Proceeds towards meeting incremental working capital requirements arising from procurement of raw materials, maintenance of inventory levels, credit extended to customers, and day-to-day operational expenses to support anticipated growth in operations.
The company intends to utilize a portion of the Net Proceeds towards funding unidentified acquisitions and strategic initiatives such as business/asset purchases, mergers, and geographic expansion; the cumulative amount for this purpose and general corporate purposes shall not exceed a specified percentage of Gross Proceeds as per SEBI ICDR Regulations.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 119.07 | 133.70 | 146.72 |
| Current Assets | 68.14 | 71.36 | 80.69 |
| Fixed Assets | 50.93 | 62.34 | 66.03 |
| Total Equity & Liabilities | 119.07 | 133.70 | 146.72 |
| Total Liabilities | 119.07 | 133.70 | 146.72 |
| Current Liabilities | 59.73 | 63.91 | 71.85 |
| Non Current Liabilities | 17.38 | 22.87 | 22.10 |
| Total Equity | 41.96 | 46.91 | 52.77 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.47 | 0.21 | 0.64 |
| Investing Activities | -15.29 | -18.46 | -12.09 |
| Operating Activities | 10.88 | 12.53 | 7.52 |
| Financing Activities | 3.94 | 6.13 | 5.21 |
About Acme Universal Safezone 9
Acme Universal Safezone 9 Limited is an ISO-certified manufacturer and supplier of industrial safety footwear under the brand 'ACME', operating in the PPE segment across sectors including construction, oil & gas, mining, and automotive. The company operates four manufacturing facilities in Madhya Pradesh and Uttar Pradesh, offering 15 product lines...more
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Managing DirectorNitin Tiwari
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