NewsAcme India Industries IPO Day 4: Subscribed 119.49x; QIB demand hits 137.60x; bHNI surges 240.99xAcme India Industries IPO Day 4: Subscribed 119.49x; QIB demand hits 137.60x; bHNI surges 240.99x
- Acme India Industries IPO subscribed 119.49x by Day 4 close.
- QIB category demand surged to 137.60x, up from 45.98x earlier in the day.
- bHNI segment recorded the highest subscription at 240.99x.
- Retail investors subscribed 76.94x the available portion.
*this image is generated using AI for illustrative purposes only.
Acme India Industries IPO closed on Day 4 with a massive 119.49x overall subscription, as QIB demand surged to 137.60x and bHNI interest hit 240.99x.
Subscription Status
The issue witnessed explosive growth in the final trading session, jumping from 75.91x at 15:15 IST to a final tally of 119.49x by the close. The cumulative data reflects intense bidding activity across all investor categories, particularly among institutions and high-net-worth individuals.
| Day | Date | QIB | NII (bHNI) | NII (sHNI) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 30-09-2026 | 5.70x | 0.14x | 0.24x | 0.17x | 1.76x |
| Day 2 | 01-10-2026 | 5.70x | 0.39x | 1.07x | 0.48x | 2.05x |
| Day 3 | 02-10-2026 | 5.70x | 0.39x | 1.07x | 0.48x | 2.05x |
| Day 4 | 06-10-2026 | 137.60x | 240.99x | 102.55x | 76.94x | 119.49x |
Category-wise Breakdown
The Non-Institutional Investors (NII) segment led the charge, with the High Net Worth Individuals (bHNI) category recording the highest subscription multiple of 240.99x. Qualified Institutional Buyers (QIB) also showed strong conviction, subscribing 137.60 times the offered portion.
- Qualified Institutional Buyers (QIB): 137.60x
- Non-Institutional Buyers (bHNI): 240.99x
- Non-Institutional Buyers (sHNI): 102.55x
- Retail: 76.94x
- Employees: 0x
Intra-day Timeline
Subscription figures remained moderate until the afternoon of the final day, after which they spiked dramatically. The total subscription more than doubled between 14:37 IST and the closing time, driven by a 199.3% jump in QIB bids and a 107.0% rise in bHNI bids.
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 14:37 | 45.98x | 49.54x | 40.60x | 53.26x |
| 15:15 | 71.98x | 68.95x | 53.98x | 75.91x |
| 16:15 | 137.60x | 102.55x | 76.94x | 119.49x |
Offer Details
- Company: Acme India Industries
- Price Band: ₹186.00000 - ₹196.00000
- Issue Size: ₹223200 crore - ₹500000 crore
- Min Bid Qty: 1200
- Open: 2026-09-30 10:00:00
- Close: 2026-10-06 16:00:00
About the Company
Acme India Industries Limited operates in the Indian railway rolling stock sector, specializing in turnkey furnishing of new railway coaches, refurbishment of old coaches, and modernization of toilet facilities. The company has delivered 1,610 coaches on a turnkey basis, refurbished 1,888 coaches, and completed 10,948 toilet upgrades. It maintains an order book of ₹73,797.33 lakhs as of June 30, 2026.
Financial Highlights
The company reported revenue from operations of ₹263.71 crores in FY2026, up from ₹210.00 crores in FY2025. Total profit stood at ₹24.36 crores in FY2026.
| Metric | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Revenue from Operations (₹ Cr) | 263.71 | 210.00 | 213.43 |
| Total Profit (₹ Cr) | 24.36 | 16.46 | 19.21 |
| Total Assets (₹ Cr) | 382.79 | 272.45 | 217.60 |
Objects of the Issue
- Working Capital: ₹38.00 crores towards long-term working capital requirements.
- Debt Repayment: ₹41.00 crores towards repayment or pre-payment of borrowings.
- Capex: ₹6.27 crores for purchasing machinery and equipment.
- General Corporate Purposes: Balance proceeds subject to a cap of 15% of Gross Proceeds or ₹10 crores.
How might the extreme 119.49x subscription ratio influence Acme India Industries' listing price volatility and initial trading range?
Given the massive oversubscription, what are the likely allotment probabilities for retail versus institutional investors, and how could this affect post-listing retail sentiment?
With an order book of ₹737.97 crores against a proposed issue size up to ₹5000 crores, how will Acme India Industries deploy the excess capital beyond immediate working capital and debt repayment needs?
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