Acme Universal Safezone 9 IPO is an SME IPO raising ₹36 Cr at ₹65 – ₹71 a share. It listed on 6 Oct 2026 at ₹101, +42.3% against its issue price of ₹71, and trades at ₹102 today (+43.7% since issue). It was subscribed 16× in total.
15.6 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Read from the 338-page prospectus. Indian prospectuses list hundreds of risk factors, most of them generic boilerplate. These are the 13 specific to this company; 26 generic ones were skipped. Every one is quoted verbatim with its page, so you can check it against the document.
Industrial safety footwear in India is mandated under the Bureau of Indian Standards (BIS) Quality Control Order ... Any suspension or cancellation of our BIS license ... would immediately disqualify us from tendering for government orders.
Our Promoters, together with our Promoter Group, will continue to retain majority shareholding in our Company after the Issue, which will allow them to exercise significant control over us
Our top ten customers contribute 47.71%, 48.82% and 45.04% of our total sales for the financial year ended on March 31, 2026, March 31, 2025 and March 31, 2024 respectively.
Total 18,923.33 91.90% 17,258.04 92.11% 16,295.87 91.07%
cumulative US tariffs on Indian leather and footwear exports materially reduce the Company's pricing competitiveness relative to exporters from Vietnam, Bangladesh, and Cambodia ... the Company does not presently disclose an active currency hedging policy.
Extended Factory 1 and Factory 4 are taken on lease rental basis from our promoter, Nitin Tiwari and Rajasthan Tanning Industries, being the owners of the property respectively, for the period of 11 months thereafter unless mutually extended by the parties
we do not register any of the designs developed by us under the Designs Act, 2000 for any of our products. As such, it would be difficult for us to enforce our intellectual property rights
The Company's past delays in filing the statutory returns indicate instance of failure to meet regulatory compliance obligations.
Our Company does not enter into long-term fixed-price contracts with raw material suppliers. We depend on open-market procurement. In periods of raw material price inflation, our Company may not be able to pass on the full cost increase to customers, especially under government Rate Contracts where the sale price is fixed for the contract period.
Capacity Utilisation (In %) 64.23% 63.15% 77.71%
The name of such individual appears as 'Mohammed Imran' in KYC documents, whereas it is recorded as 'Imran Mohammad' in filings made with the Ministry of Corporate Affairs
Acme Universal Safezone 9 Private Limited July 16, 2022 9 5533060 Opposed
the Company holds two EPCG Authorizations issued by the Office of the Joint DGFT, under which the export obligation is outstanding and yet to be fully discharged ... extend up to November 2030
Extracted from the issuer’s own prospectus and ranked by how specific and material each risk is to this company. Severity is our assessment of the disclosure, not a prediction — and nothing here is a recommendation to apply to this issue.
The issuer’s own summary of outstanding legal proceedings — SEBI requires this table in every prospectus. Counts and amounts are as disclosed; the disclosed aggregate at stake is ₹0.8 Cr.
| Against | Criminal | Tax | Other material | Amount at stake |
|---|---|---|---|---|
| The company | 0 | 3 | 4 | ₹0.8 Cr |
| Promoters | 0 | 0 | 0 | — |
| Directors | 0 | 0 | 0 | — |
| Subsidiaries | 0 | 0 | 0 | — |
| Group companies | 0 | 0 | 0 | — |
3 indirect tax (GST) proceedings against the Company aggregating Rs 85.00 lakhs, including DRC-01A demands of Rs 6.55 lakhs and Rs 0.14 lakhs (MP State) and ASMT-10 of Rs 78.25 lakhs for un-reconciled ITC
ACME Lab Instruments Pvt Ltd vs Company — trademark opposition (No. 11964531, Jan 31 2025) against Application No. 6052127 for 'Acme Safety Shoes' device in class 09, alleging prior use since 2012; counter statement yet to be filed
Anil Kumar vs Company — trademark opposition (No. 1294898) against Application No. 6052128 'ACME' in class 25; Company filed counter statement on May 25 2024
Amit Garg vs Company — trademark opposition (No. 1212471) against Application No. 5533060 'ACME' in class 09; Company filed counter statement on Aug 02 2023
Tax amounts converted from Rs lakhs to crore (1 crore = 100 lakhs); Rs 85.00 lakhs = Rs 0.85 crore. Direct Tax proceedings across all parties are Nil. Company 'other' count of 4 comprises pending material trademark oppositions filed by the Company before the Trademark Registrar, Mumbai; amounts not quantifiable. No criminal proceedings, regulatory actions, or SEBI/stock exchange disciplinary actions disclosed against any Relevant Party, KMP or SMP. Subsidiary listed as a Relevant Party but not shown with separate litigation entries.. Outstanding means unresolved — a listed case is an exposure, not a verdict.
What the issuer and the exchanges published. Everything else on this tab is read out of these.
