Acme Universal Safezone 9 IPO opened on a subdued note on Day 1, recording an overall subscription of 0.04x. The standout intraday move came from NII (bHNI), which jumped 123.1% during the session — climbing from 0.13x at 11:15 to 0.29x by 12:15 — lifting the total from 0.03x to 0.04x.

Subscription Status

The issue saw minimal traction on its opening day, with the total subscription reaching 0.04x by the latest available snapshot. The NII (bHNI) category drove the only meaningful intraday momentum, while Retail held flat and QIB showed no participation.

Category-wise Breakdown

NII (bHNI) led all categories with 0.29x subscription, having more than doubled intraday. Retail investors followed at 0.07x, while NII (sHNI) registered 0.03x. QIB interest was completely absent at 0.00x, and the Employee category also recorded 0.00x.

Intra-day Timeline — 28 September 2026

The intraday data captures the pace of demand buildup on Day 1. NII (bHNI) was the sole category to show meaningful movement, more than doubling between 11:15 and 12:15.

Momentum highlights (day-open vs latest):

• NII (bHNI): 0.13x → 0.29x (Δ +0.16x, +123.1%)
• Total: 0.03x → 0.04x (Δ +0.01x, +33.3%)
• QIB: 0.00x → 0.00x (no change)
• Retail: 0.07x → 0.07x (no change)

Offer Details

About the Company

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 compliant with IS 15298, EN ISO 20345, and ASTM F2413 standards. Products are distributed through direct institutional sales, regional distributors, and e-commerce channels across 40+ locations in India, with exports to UAE, Bahrain, Saudi Arabia, Nigeria, and other markets. The company was founded in 2016 and is managed by MD Nitin Tiwari.

Financial Highlights

For FY2026, the company reported Revenue from Operations of ₹205.90 crores, EBITDA of ₹1,515.19 lakhs (7.36%), and PAT of ₹585.73 lakhs (2.84%).

Objects of the Issue

• Funding Capital Expenditure for Installation of Solar Power Plant: ₹3.62 crores towards installation of solar power plants at three manufacturing facilities to optimise energy consumption.
• Funding Capital Expenditure for Installation of Additional Machinery: ₹8.96 crores for procurement and installation of advanced plant and machinery including Knife Cutting Machines and Foaming Pouring Machines.
• Funding Incremental Working Capital Requirements: ₹8.00 crores towards raw material procurement, inventory maintenance, and day-to-day operational expenses.
• Funding Inorganic Growth and General Corporate Purposes: A portion of net proceeds towards unidentified acquisitions and strategic initiatives, subject to SEBI ICDR Regulations limits.

Risk Factors

• High Customer Concentration Risk: Top 10 customers account for 47.71% of total sales in FY2026, with the largest customer contributing 12.13%.
• BIS Certification Risk: Products must comply with IS 15298 and IS 1989:2020 standards; non-renewal of BIS licenses would disqualify the company from government tenders.
• Raw Material Price Volatility: Reliance on PU/PVC compounds linked to crude oil derivatives without long-term fixed-price contracts may compress EBITDA margins.
• Geopolitical and Trade Policy Risks: US tariffs on Indian leather exports and Middle East hostilities may disrupt port operations and reduce pricing competitiveness.
• Geographic Revenue Concentration Risk: Significant revenue concentration in Maharashtra (14.40%), Tamil Nadu (12.48%), and Gujarat (12.22%) exposes the company to regional disruptions.

What's Next

The IPO closes on September 30, 2026. Allotment is scheduled for October 1, 2026, with listing expected on October 6, 2026.