ACME

Acme Universal Safezone 9 Ltd

Listed SME BSE Fresh Issue

Acme Universal Safezone 9 manufactures industrial safety footwear for sectors including construction, oil and gas, mining, and defence. The company produces 15 product lines across EVA-rubber, Nitrile Rubber and PVC sole types, operating four manufacturing facilities across Madhya Pradesh and Uttar Pradesh.

Price Band
₹65–₹71
Lot Size
1600 shares
Issue Size
₹35.93 Cr
GMP
+₹18
Est. Listing
+25.4%
Subscription
23.41×
Open Date
28 Sep
Close Date
30 Sep
Allotment
01 Oct
Listing Date
06 Oct
Min Investment
₹1,13,600

Overview

About the Company

Acme Universal Safezone 9 Limited was incorporated in November 2016 and operates in the Personal Protective Equipment segment, focusing on industrial safety footwear. The company offers 15 product lines across EVA-rubber, Nitrile Rubber and PVC sole types, providing protection against impact, compression, penetration, electrical shock, static electricity, heat, fire, chemicals and slipping. It operates four manufacturing facilities across Madhya Pradesh and Uttar Pradesh, utilizing ICad3D technology for product design and SAP S/4 HANA for enterprise resource planning. The company distributes through direct institutional sales, regional distributors, dealers, and digital channels, with warehousing at more than 40 locations across India. It exports to markets including UAE, Bahrain, Saudi Arabia, Nigeria, Israel, Netherlands, Hong Kong, Cameroon and Mauritius.

Company Details

Founded
2016
Headquarters
Gwalior, Madhya Pradesh
Industry
Personal Protective Equipment
Employees
1073
Promoter
Nitin Tiwari and Ruchi Tiwari
Issue Type
Fresh Issue

📋 Objects of Issue (Use of Proceeds)

  • › Funding capital expenditure requirements for the installation of solar power plant (₹3.62 Cr)
  • › Funding capital expenditure requirements towards installation of additional machinery (₹8.96 Cr)
  • › Funding incremental working capital requirements of the Company (₹8.00 Cr)
  • › Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes (₹15.35 Cr)

✅ Strengths

  • ✓ Strong customer relationships developed across multiple industrial sectors
  • ✓ Research and development capabilities supporting product innovation
  • ✓ Established sales and distribution network with 40+ warehouse locations
  • ✓ Automation and technology-driven operations using ICad3D and SAP S/4 HANA
  • ✓ Wide product range with compliance to international standards
  • ✓ Manufacturing scale with strategic facility locations in Madhya Pradesh and Uttar Pradesh
  • ✓ Export presence across Middle East, Africa, Europe and Asia with international standards compliance
  • ✓ Experienced management team with deep industry expertise
  • ✓ Strict adherence to IS 15298 and IS 1989:2020 quality standards
  • ✓ Efficient manufacturing powered by advanced machinery
  • ✓ Cost-competitive offerings driven by efficient sourcing
  • ✓ Diversified customer base across multiple industrial sectors

⚠️ Risks

  • ! Top 10 customers account for 47.71% of total sales leading to concentration risk
  • ! High revenue dependency on the defence and government sectors
  • ! Vulnerable to price volatility for key raw materials like polyurethane and PVC
  • ! Manufacturing involves hazards like chemical exposure and heavy machinery
  • ! Past delays in statutory dues expose the company to potential penalties