Acme India Industries IPO allotment: How to check status online on BSE, Bigshare Services

Acme India Industries IPO allotment status is expected to be finalised on Wednesday, October 7. The issue was subscribed 115.51 times during the three-day bidding period.

It received bids for 51,32,26,200 shares compared to 44,43,000 shares on offer, according to the data available on the BSE website.

The non-institutional investors category was subscribed 145.11 times, while the individual investors portion was booked 85.50 times. The qualified institutional buyers (QIBs) quota was subscribed 137.93 times.

The ₹121.69 crore initial public offering was a combination of a fresh issuance of 54.07 lakh shares totalling ₹105.98 crore and an offer for sale (OFS) component of ₹15.71 crore by promoter Suraj Pandey.

The net proceeds from the fresh issue will be used for the following purposes:

• Fund working capital requirements
• Repayment of borrowings availed by the company
• Fund capital expenditure towards the purchase of additional plant and machinery
• Corporate general purposes

"We believe that listing will enhance our corporate image and visibility of brand name of our company. We also believe that our company will receive the benefits from listing of equity shares on the SME platform of BSE. It will also provide liquidity to the existing shareholders and will also create a public trading market for the equity shares of our company," the firm said in its red herring prospectus.

Acme India Industries is involved in the Indian railway rolling stock sector, focusing on the design, manufacture and warranty maintenance of railway coach interiors. It provides turnkey furnishing solutions for the interiors of new railway coaches, the upgrading, refurbishment and conversion of old coaches and the upgrading of toilet facilities within railway coaches. It also manufactures and supplies components to Indian Railways.

Acme India Industries IPO allotment and listing date and time

The basis of allotment for Acme India Industries is likely to be finalised on Wednesday, October 7, by evening. The listing on the BSE SME platform will occur on Friday, October 9, at 10 am.

How to check Acme India Industries IPO allotment status on Bigshare Services

• Go to Bigshare Services' allotment status portal: www.bigshareonline.com/ipo_Allotment.html
• Click on any one server from the three available
• Select 'Acme India Industries Limited' from the IPO names
• Add any one: PAN, beneficiary ID or application number
• Hit the ‘Search’ button

Steps to check Acme India Industries IPO allotment status on BSE

• Open this page: https://bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ as the issue type
• From the IPO names, select 'Acme India Industries Ltd'
• Identify yourself using the IPO application number or PAN
• Press the ‘Search’ button