Acme India Industries IPO Closes Day 4 Subscribed 75.91 Times Driven by Institutional Surge
Published: 2026-10-06 17:11 IST | Category: Markets | By Flash Finance desk (written with AI assistance) · Editor: Kokila
Acme India Industries Limited wrapped up its initial public offering (IPO) on Tuesday, October 6, 2026, registering an overall subscription of 75.91 times by the close of Day 4. The issue witnessed an aggressive bidding acceleration in its closing hours, jumping from a modest 2.05 times overall subscription at the end of Day 3.
The strong final-day push was heavily supported by Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), underscoring robust market demand for railway component and coach manufacturing businesses.
Key Subscription Breakdown
The cumulative bidding data across investor segments revealed strong late-stage momentum:
- Qualified Institutional Buyers (QIBs): The institutional category saw bids surge to 71.98 times, up from 5.70 times recorded on Day 3.
- High-Net-Worth Individuals (bHNIs): The big HNI bucket recorded heavy oversubscription, closing at 164.23 times the reserved portion.
- Overall Issue Subscription: Settled at 75.91 times at the final bell on Day 4.
Issue Details and Offer Structure
Acme India Industries launched its public issue on September 30, 2026, with bidding closing on October 6, 2026. The total issue size stands at ₹121.69 crore, consisting of a fresh issue of ₹105.98 crore and an offer-for-sale (OFS) component of ₹15.71 crore, offering a total of 0.62 crore equity shares to the public.
The price band was fixed at ₹186 to ₹196 per equity share with a face value of ₹10, and a minimum lot size of 600 shares. At the upper price band of ₹196, retail investors required an outlay of ₹1,17,600 per lot.
Business Operations and Next Steps
Incorporated in December 2021 as a private entity and subsequently converted into a public company in 2024, Acme India Industries operates in the rail wagon and coach manufacturing sector. The company has expanded its manufacturing footprint and secured contracts under Indian Railways' modernization initiatives, including orders for over 161 Vande Bharat coaches.
With the bidding window officially closed, basis of allotment is scheduled to be finalized, followed by credit of shares to demat accounts and initiation of refunds. Acme India Industries shares are scheduled to list on the exchanges on Thursday, October 8, 2026.
Tags: Acme India Industries IPO BSE SME NSE SEBI Indian Railways
