Acme Universal Safezone 9 Ltd

Acme Universal Safezone 9 Ltd IPO

Acme Universal Safezone 9 Ltd

₹2,08,000 /3200 sharesMinimum investment

IPO listing details

Listed on
6 Oct '26
Issue price
₹71.00
Listing price
₹101.00
Listing gains
₹30.00 (42.25%)
Exchange
--

IPO details

Minimum investment
₹2,08,000
Price range
₹65 - ₹71
Lot size
1,600
Issue size
35.93 Cr
Face value
10
IPO document

Subscription rate

Qualified Institutional Buyers12.52x
Non-Institutional Investor23.64x
Retail Individual Investor12.66x
Total14.72x
As of 30 Sep'26, 04:55 PM

Schedule

28 Sep 2026
IPO open date
30 Sep 2026
IPO close date
1 Oct 2026
Allotment date
1 Oct 2026
Funds unblock or debit
6 Oct 2026
Tentative listing date

About

Acme Universal Safezone 9 Limited is engaged in the manufacturing and supply of industrial safety footwear under the brand name 'ACME.' The company operates in the personal protective equipment (PPE) segment and offers safety footwear for industries including construction, oil and gas, mining, heavy engineering, automotive, pharmaceuticals, chemicals, foundries, and power generation. Its product range covers 15 product lines with EVA-rubber, nitrile rubber and PVC soles, designed for protection against impact, compression, penetration, electrical shock, heat, fire, chemicals and slipping. The company also designs customised products based on customer requirements and uses ICad3D technology for product design and visualisation. It operates four manufacturing facilities across Madhya Pradesh and Uttar Pradesh. Its products are sold through institutional sales, distributors, dealers, and digital and e-commerce channels, with warehousing across more than 40 locations in India. The company also exports to markets including the UAE, Bahrain, Saudi Arabia, Nigeria, Israel, the Netherlands, Hong Kong, and Mauritius.;
Founded in
1994
MD/CEO
Mr Nitin Tiwari
Parent organisation
Acme Universal Safezone 9 Ltd

Acme Universal Safezone 9 Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
179187206202420252026

Strengths & Risks

Strengths
Risks
The company operates four manufacturing facilities across Madhya Pradesh and Uttar Pradesh, with production stages including leather cutting, upper assembly, lasting, sole injection, finishing and packaging carried out in-house. It also has warehousing infrastructure for inventory holding, order consolidation and dispatch.
The company claims to use Desma PU direct injection machines from Germany and Orisol automated stitching machines for sole production and stitching operations. It also uses digital process monitoring integrated with SAP S/4 HANA, along with triple density manufacturing, Phylon rubber processing, and Surge Sense technology.
The company manufactures 15 product lines using EVA-rubber, nitrile rubber, and PVC soles. Its products address hazards including impact, penetration, electrical shock, heat, fire, chemical exposure, and slipping, and are made to standards including IS 15298, EN ISO 20345, and ASTM F2413, as applicable.
The company claims to have a dedicated R&D unit and product testing laboratory for material selection, structural design, product development and compliance testing. The laboratory maintains batch-wise records for parameters including tensile strength, flex resistance, compression, electrical properties, and sole bond strength.
The company exports its safety footwear to markets including the UAE, Bahrain, Saudi Arabia, Nigeria, Israel, the Netherlands, Hong Kong, Cameroon, and Mauritius. Its facilities can manufacture products to Indian and international standards within the same production infrastructure.
The company sells through direct institutional sales, regional distributors and dealers, and digital and e-commerce channels. Its institutional customers span sectors such as construction, oil and gas, mining, automotive, pharmaceuticals, and heavy engineering, while its dealer and distributor network covers major cities across India.
The company has long-term rate contracts and annual supply agreements with corporate customers across multiple industrial sectors. Its dedicated sales representatives handle contract negotiations, pricing, delivery schedules, and after-sales coordination.
The company has witnessed a consistent increase in its revenue from operations. Revenue from operations increased from Rs 178.94 crore in FY24 to Rs 187.35 crore in FY25 and Rs 205.90 crore in FY26.
A significant portion of the company’s revenue is generated from a few states. The top 10 states contributed Rs 189.23 crore (91.90%), Rs 172.58 crore (92.11%), and Rs 162.96 crore (91.07%) of revenue in FY26, FY25, and FY24, respectively, with Maharashtra contributing Rs 29.66 crore (14.40%), Rs 28.47 crore (15.20%), and Rs 28.20 crore (15.76%), respectively. Any adverse political, geographical, or economic developments, increased competition, or changes in customer demand in these states could hurt the company’s revenues and profitability.
The company’s revenue is concentrated among a limited number of customers. Its top 10 customers contributed Rs 98.23 crore (47.71%), Rs 85.85 crore (48.82%), and Rs 80.59 crore (45.04%) of total sales in FY26, FY25, and FY24, respectively. Any loss of one or more key customers, reduction in business from them, or inability to maintain long-term contracts on commercially viable terms could adversely affect the company’s revenues, results of operations, and financial condition.
The company depends on key raw materials, including PU and PVC sole compounds, genuine and synthetic leather, coated fabrics, steel or composite toe caps, and midsole materials for manufacturing industrial safety footwear. PU compound prices are linked to crude oil derivatives, while leather prices are affected by supply-demand conditions, export duty changes, and tannery shutdowns. The company does not have long-term fixed-price contracts with raw material suppliers and procures materials from the open market. Any sustained increase in raw material costs, particularly where price increases cannot be fully passed on under fixed-price government rate contracts, could compress its EBITDA margins.
The company and its promoters are involved in certain pending tax proceedings in India, which are at different stages of adjudication before the concerned authorities or forums. Any adverse outcome in these proceedings could result in penalties and adversely affect the company’s reputation, profitability, financial condition and results of operations.
The company operates in a competitive market comprising both organised and unorganised players, with no significant entry barriers. It faces competition from manufacturers, traders, suppliers, and importers of footwear, soles, leather, and related products, with competition based on product quality, pricing, customer relationships, brand recognition, and delivery timelines. Any inability to compete effectively could result in lower market share, reduced operating margins, and an adverse effect on its results of operations.
The company had outstanding financial indebtedness of Rs 58.04 crore as of March 31, 2026. Any failure to service or repay its borrowings on time could adversely affect the company’s business, financial condition, and cash flows.
The company had trade receivables of Rs 28.80 crore as of March 31, 2026. Any delay or failure in collecting these receivables could increase working capital requirements and adversely affect the company’s cash flows and financial condition.

Application details

For Acme Universal Safezone 9 IPO, eligible investors can apply as Individual investor.

Apply asPrice bandApply rangeLot size
Individual investor₹65 - ₹71₹2 - ₹5 Lakhs1600

About

Objective of Acme Universal Safezone 9 IPO Proceeds

Particulars

Estimated Amount

(in ₹ Cr.)

Funding capital expenditure requirements for the installation of solar power plant

3.62

Funding capital expenditure requirements towards installation of additional machinery

8.95

Funding incremental working capital requirements of the company

8.00

Funding inorganic growth through unidentified acquisitions and other strategic initiatives

[.]

General corporate purposes.

[.]

Total

[.]

Book Running Lead Managers & Registrar of Acme Universal Safezone 9 IPO

Book Running Lead Managers

Expert Global Consultants Private Limited

Registrar to the Issue

Maashitla Securities Private Limited

Market Maker to the Issue

JSK Securities and Services Private Limited

Key Performance Indicators (KPIs) of Acme Universal Safezone 9 Ltd.

KPI

Value (for the year ended March 31, 2026)

ROCE (%)

5.54

EBITDA Margin (%)

7.36

PAT Margin (%)

2.84

Debt-to-equity Ratio

1.10

Return on Net Worth (RoNW) (%)

11.75

Price to Book Value

1.89

Net Asset Value (NAV) per Equity Share (₹)

37.60

EPS (Pre IPO) (₹)

4.17

Acme Universal Safezone 9 IPO Contact Details

Company Name

Acme Universal Safezone 9 Limited

Registered Office

Near Twelve Shops Girwai Naka, A. B. Road, Gwalior, Madhya Pradesh, India, 474001

Phone

+91 93008 70326

Email

[email protected]

Website

www.acmeuniversal9.com

Acme Universal Safezone 9 IPO Registrar Contact Details

Company Name

Maashitla Securities Private Limited

Phone

+91 11 47581432

Email

[email protected]

Website

www.maashitla.com

Frequently Asked Questions