Acme India Industries Limited
Acme India Industries is an SME IPO in the railway rolling stock sector, offering turnkey furnishing solutions for railway coaches including interior components, toilet modules, and refurbishment services.
Overview
About the Company
Acme India Industries Limited was incorporated in December 2021 and operates within the Indian railway rolling stock sector. The company specializes in the design, manufacture, supply, installation, and warranty maintenance of railway coach interiors and components. It provides comprehensive turnkey furnishing solutions for new railway coaches, along with refurbishment, upgradation, and conversion services for older coaches. The company also focuses on modernizing toilet facilities in railway coaches. Its product portfolio encompasses Braille signage, fiber-reinforced plastic products, sanitary ware, epoxy flooring, decorative glass fiber-reinforced plastic, toilet and compartment doors, seats and berths, fire barrier coatings, and hygiene-related products. The firm has completed 28 turnkey furnishing projects covering 1,610 coaches since 2017, refurbished and upgraded 1,888 coaches, and executed 10,948 toilet upgrades as of June 30, 2026. The company maintains operations across 16 railway zones with manufacturing facilities in Sonipat, Haryana spanning over 92,000 square feet. It is ISO 9001:2015 and ISO 15085 certified and serves as an empanelled Business Associate under a Navratna PSU of the Government of India. The company conducts business primarily through a tender-based model via the Indian Railways e-Procurement System.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding to meet working capital requirements
- › Repayment and/or pre-payment of borrowings availed by the company
- › Funding capital expenditure towards purchase of additional plant and machinery
- › General corporate purposes
✅ Strengths
- ✓ In-house manufacturing capabilities reduce dependence on third-party vendors
- ✓ Demonstrated track record in executing turnkey contracts for Indian Railways
- ✓ Diverse product portfolio encompassing interior panels and toilet modules
- ✓ Strategic international partnerships for advanced railway technology access
- ✓ Planned machinery procurement to support capacity expansion initiatives
- ✓ Multiple global tie-ups and representations enhancing technical capabilities
- ✓ Healthy order book providing visibility for future business
- ✓ Experienced promoters and management team with deep domain knowledge
- ✓ Established market presence in Indian railway sector with integrated solutions
- ✓ Fully integrated manufacturing facility at strategically located site with quality equipment
⚠️ Risks
- ! Elevated working capital requirements creating liquidity constraints
- ! Complete revenue dependence on Indian Railways capital expenditure decisions
- ! Pending legal and tax proceedings involving the company
- ! Risk of delays in executing planned capital expenditure programs
- ! Stringent quality inspection protocols with potential for order cancellations