Acme Universal Safezone 9 IPO

Acme Universal Safezone 9 Limited makes industrial safety footwear under the ACME brand. The business began as a partnership firm, M/s Acme Fabrik Plast Co, in 1994, was incorporated as a private company in November 2016 and became a public company in July 2025. It runs four plants in Madhya Pradesh and Uttar Pradesh and sells 15 product lines built on EVA-rubber, nitrile rubber and PVC soles, covering impact, penetration, electrical, anti-static, heat, chemical and slip hazards. Buyers are industrial employers in construction, oil and gas, mining, heavy engineering, automotive, pharmaceuticals, chemical processing, foundries and power generation, where protective footwear is required by occupational safety rules. It sells direct to institutions, through regional distributors and dealers and via e-commerce, with channel-partner warehousing at more than 40 locations across India, and exports to the Middle East, Africa, Europe and Asia.

Revenue is the manufacture and sale of safety footwear, booked at Rs 20,590.31 lakhs in FY26 against Rs 18,735.58 lakhs in FY25 and Rs 17,894.40 lakhs in FY24. Materials dominate the cost base: cost of materials consumed was 69.51% of total income in FY26 and employee benefits a further 14.71%. The constraint is pass-through — the prospectus attributes the FY25 fall in PAT, to Rs 80.42 lakhs from Rs 756.48 lakhs in FY24, to leather and rubber price rises the company could not pass to customers, with materials cost reaching 72.97% of total income that year. The cycle is debt-funded: total debt was Rs 5,804.58 lakhs at FY26 close against net worth of Rs 5,276.80 lakhs. Capacity utilisation was 64.23% in FY26.