Acme Universal Safezone 9 IPO

SME • BSE SME • Fresh capital only

LISTEDSMEBSE SME

Acme Universal Safezone 9

Price band

₹65 – ₹71

Lot size

1600 shares

Min investment

₹1,13,600

Issue size

₹35.93 Cr

About the company

Acme Universal Safezone 9 Limited was started in November 2016. It works in personal protective equipment, and its focus is industrial safety footwear, the protective shoes and boots worn on factory floors and work sites. Its customers are in construction, oil and gas, mining, heavy engineering, automotive, pharmaceuticals, chemical processing, foundries and power generation. It offers 15 product lines with EVA-rubber, nitrile rubber and PVC soles, giving protection against impact, crushing, sharp objects, electric shock, static electricity, heat and fire, chemicals and slipping. It runs four manufacturing facilities across Madhya Pradesh and Uttar Pradesh. It uses ICad3D technology for product design and SAP S/4 HANA for finance, operations and logistics. It sells through direct institutional sales, regional distributors and dealers, and online channels, supported by warehousing at more than 40 locations across India, and it also exports.

Acme Universal Safezone 9 Limited makes industrial safety footwear for construction, oil and gas, mining, engineering, automotive, pharma and power, with 15 product lines across EVA-rubber, nitrile rubber and PVC soles. It runs four plants in Madhya Pradesh and Uttar Pradesh and warehouses at more than 40 locations.

IPO details

Issue price: ₹71
Price band: ₹65 – ₹71
Face value: ₹10
Lot size: 1600
Min investment: ₹1,13,600
Issue size: ₹35.93 Cr
Sale type: Fresh capital only
Listing on: BSE SME
BSE scrip code: 8013
NSE symbol: ACMEUNIV.BO

Lot size & investment by category

APPLICATION	LOTS	SHARES	AMOUNT
Retail (Min)	1	1,600	₹1,13,600
Retail (Max)	1	1,600	₹1,13,600
HNI (Min)	2	3,200	₹2,27,200

Investor reservation

CATEGORY	RESERVED
QIB	23,98,400 shares (49.90% of the Offer)
NII	7,24,800 shares (15.08% of the Offer)
Retail	16,83,200 shares (35.02% of the Offer)

Objects of the issue

1Funding capital expenditure requirements for the installation of solar power plant3.62

2Funding capital expenditure requirements towards installation of additional machinery8.96

3Funding incremental working capital requirements of the Company8.00

4Funding inorganic growth through unidentified acquisitions and other strategic initiatives and General corporate purposes

Financials

Rs. Crore • restated

METRIC	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	146.72	133.70	119.07
Total Income	211.16	191.31	181.67
Profit After Tax	5.86	0.80	7.56
EBITDA	15.15	9.85	14.55
NET Worth	52.77	46.91	41.96
Reserves and Surplus	38.74	42.23	37.50
Total Borrowing	58.05	49.65	44.51

Key performance indicators

P/E Ratio

23.13

EPS (₹)

3.07

RoCE

5.54%

RoNW

11.75%

PAT Margin

2.84%

EBITDA Margin

7.36%

Debt / Equity

1.10

NAV (₹)

37.60

✓ Strengths

• Sales have grown steadily, from Rs 181.67 crore in FY2024 to Rs 191.31 crore in FY2025 and Rs 211.16 crore in FY2026.

• Profit recovered strongly in FY2026, from Rs 0.80 crore to Rs 5.86 crore.

• Safety footwear is often required by law and by safety policy on industrial sites, which gives steady replacement demand.

• It sells to many industries, from construction and mining to pharma and power, so it is not tied to one sector.

• It has four manufacturing facilities and warehousing at more than 40 locations, which supports fast delivery across India.

• It uses established systems, ICad3D for design and SAP S/4 HANA for operations, which is unusual for a company of this size.

• It exports as well as selling in India.

• Net worth has grown from Rs 41.96 crore in FY2024 to Rs 52.77 crore in FY2026.

⚠ Risks

• Profit is very volatile. It was Rs 7.56 crore in FY2024, collapsed to Rs 0.80 crore in FY2025 and recovered to Rs 5.86 crore in FY2026.

• The profit margin is very thin at 2.84%, and return on capital employed is only 5.54%.

• The issue is priced at about 23.13 times earnings on an EPS of Rs 3.07, which is high for returns this low.

• Borrowing has risen every year, from Rs 44.51 crore in FY2024 to Rs 58.05 crore in FY2026, a debt to equity ratio of 1.10.

• Safety footwear sells heavily through institutional tenders, where the lowest price usually wins.

• Rubber, PVC and leather input prices move with commodity markets and are hard to pass on to institutional buyers.

• Promoter holding will come down from 94.88% to 69.73% after the issue.

• This is an SME issue. One lot is 1,600 shares, which is about Rs 1.14 lakh at the upper band of Rs 71, and SME shares usually trade in low volume after listing.

Promoters & holding

Nitin Tiwari and Ruchi Tiwari

Pre-issue promoter holding

94.88%

Post-issue promoter holding

69.73%

Promoters hold 94.88% before the issue and will hold 69.73% after it.

Data refreshed 07 Nov 2026, 04:50 pm IST. GMP is unofficial market sentiment, not investment advice.