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Acetech E-Commerce IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Acetech E-Commerce Limited is engaged in the business of eco-friendly and sustainable packaging solutions. The company manufactures and supplies biodegradable paper-based products such as paper straws, food containers, and packaging materials. It earns revenue primarily through domestic and export sales to food service companies, beverage brands, and retail chains. For FY24, the company reported revenue from operations of ₹48,354.55 lakh and Profit After Tax of ₹1,068.80 lakh.

Acetech E-Commerce an Book Built Issue, amounting to ₹ 48.95 Crore,consisting entirely an fresh issue of 0.44 crore shares of   48.95 crores. The subscription period for the Acetech E-Commerce IPO opens on February 27, 2026, and closes on March 04, 2026. The allotment is expected to be finalized on or about 05 March 2026, Thursday, and the shares will be listed on the NSE with a tentative listing date set on or about Monday, March 09, 2026.

The Share Price Band of Acetech E-Commerce IPO is set at ₹106 to ₹112 per share  per equity share. The Market Capitalisation of the Acetech E-Commerce at IPO price of ₹112  per equity share will be ₹183.50 Cr. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of  268,8002 lots ( 2,400 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is 3 lots ( 3,600 shares), amounting to  403,200

GRETEX CORPORATE SERVICES LIMITED, the book running lead manager of the Acetech E-Commerce Ltd. while SKYLINE FINANCIAL SERVICES PRIVATE LIMITED is the registrar for the issue.The Market Maker of the company is  Arihant Capital Markets Ltd.

Acetech E-Commerce Limited IPO GMP Today
The Grey Market Premium of Acetech E-Commerce IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Acetech E-Commerce Limited IPO Live Subscription Status Today: Real-Time Update
As of 06:30 PM on March 04, 2026, the Acetech E-Commerce IPO live subscription status shows that the IPO subscribed 1.14 times on its Final Day of subscription period. Check the Acetech E-Commerce IPO Live Subscription Status Today at BSE.

Acetech E-Commerce Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Acetech E-Commerce IPO allotment date is 05 March 2026, Thursday, Acetech E-Commerce IPO Allotment will be out on 05 March 2026, Thursday, and will be live on Registrar Website from the allotment date.
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Acetech E-Commerce IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Acetech E-Commerce Limited IPO
Acetech E-Commerce 
to utilise the Net Proceeds towards the following objects:
1. ₹170.00 Lakhs is required forMarketing and Advertisement Expenditure
2. ₹700.00 Lakhs is required for Working Capital Requirements
3. General Corporate Purposes.

Refer to Acetech E-Commerce Limited RHP for more details about the Company.

Acetech E-Commerce Limited Day Wise IPO GMP Trend
GMP Date Issue Price Expected Listing Price GMP Last Updated
February 25, 2026 ₹ 112 ₹ 112 ₹0(0.0%) 25 February 2026; 01:40 PM
Acetech E-Commerce IPO Details
Market Capitalization ₹183.50 Cr
IPO Date February 27, 2026 to March 04, 2026
Listing Date March 09, 2026
Face Value ₹10 Per Share
Price Band ₹106 to ₹112 per share
Issue Price ₹112 per share
Employee Discount NA
Lot Size 1200 Equity Shares
Total Issue Size 43,70,400 Equity Shares (aggregating to ₹48.95 Cr)
Fresh Issue 43,70,400 Equity Shares (aggregating to ₹48.95 Cr)
Offer for Sale NA
Issue Type Book Built Issue
Listing At NSE SME
Share holding pre issue 1,20,13,335
Share holding post issue 1,63,83,735
Rating Avoid
Acetech E-Commerce IPO Anchor Investors Details
Bid Date N/A
Shares Offered N/A
Anchor Portion Size (In Cr.) N/A
Anchor lock-in period end date for 50% shares (30 Days) N/A
Anchor lock-in period end date for remaining shares (90 Days) N/A
Acetech E-Commerce IPO Timeline (Tentative Schedule)
IPO Open Date Fri, Feb 27, 2026
IPO Close Date Wed, Mar 4, 2026
Basis of Allotment Thu, Mar 5, 2026
Initiation of Refunds Fri, Mar 6, 2026
Credit of Shares to Demat Fri, Mar 6, 2026
Listing Date Mon, Mar 9, 2026
Cut-off time for UPI mandate confirmation Thu, Mar 5, 2026
Acetech E-Commerce IPO Reservation
Investor Category Shares Offered Reservation %
QIB Portion 2,075,400 Not less than 50% of the Net Offer
Non-Institutional Investor Portion 622,620 Not more than 15% of the Net Issue
Retail Shares Offered 1,452,780 Not more than 35% of the Net Offer
Market Maker Portion 219,600 -
Acetech E-Commerce IPO Promoter Holding
Share Holding Pre Issue 87.81%
Share Holding Post Issue 64.39%
Acetech E-Commerce IPO Lot Size
Application Lots Shares Amount
Retail (Min) 2 2,400 ₹268,800
Retail (Max) 2 2,400 ₹268,800
S-HNI (Min) 3 3,600 ₹403,200
S-HNI (Max) 7 8,400 ₹940,800
B-HNI (Min) 8 9,600 ₹1,075,200
Acetech E-Commerce IPO Subscription Status
Investor Category Shares Offered Shares Bid For No of Times Subscribed Last Upadeted
Qualified Institutional Buyers (QIB) 2,075,400 20,73,600 1.00x 05 March 2026; 03:08 PM
Non Institutional Investors(NIIS) 842,220 9,80,400 1.16x 05 March 2026; 03:08 PM
Retail Individual Investors (RIIs) 1,452,780 16,80,000 1.16x 05 March 2026; 03:08 PM
Total 41,50,800 47,34,000 1.14x 05 March 2026; 03:08 PM
About Acetech E-Commerce Limited

Acetech E-Commerce Limited is engaged in the business of eco-friendly and sustainable packaging solutions. The company manufactures and supplies biodegradable paper-based products such as paper straws, food containers, and packaging materials. It earns revenue primarily through domestic and export sales to food service companies, beverage brands, and retail chains. For FY24, the company reported revenue from operations of ₹48,354.55 lakh and Profit After Tax of ₹1,068.80 lakh.

Key Clients and Manufacturing Facilities
The company caters to leading food and beverage brands, quick-service restaurants, and packaging distributors in India and overseas markets. Acetech operates manufacturing facilities equipped with automated production lines to produce biodegradable packaging materials. These facilities are designed to maintain quality standards, ensure regulatory compliance, and meet bulk export demand efficiently.

Product Portfolio, Order Book & Execution
The company’s product portfolio includes paper straws, paper-based food containers, and customized sustainable packaging solutions. These products are used by restaurants, beverage companies, and FMCG brands, helping clients shift from plastic to eco-friendly packaging and extend brand life cycles through sustainable positioning. The company executes confirmed purchase orders based on customer contracts and repeat demand, ensuring timely delivery and strong working capital rotation.

Merger, Capex & Expansion Plans
The company plans to expand manufacturing capacity through investment in additional automated production lines. Funds raised from the IPO will be utilised for capital expenditure, working capital requirements, and general corporate purposes. The expansion strategy focuses on increasing export penetration and strengthening domestic distribution networks. No major merger details are highlighted in the document.

Employees and Banker
December 31, 2025, the company had 59, full time employees. The Banker to the Company is ICICI Bank Limited..

Management & Growth Vision

The management team of Acetech E-Commerce Limited focuses on building a strong position in the sustainable packaging industry. Their vision is to become a leading supplier of biodegradable packaging products in India and expand globally.

In the near future, management aims to:

  • Increase installed capacity through automation.
  • Improve export revenue contribution.
  • Expand product categories to cater to premium food chains and FMCG brands.
  • Strengthen distribution and branding.

For long-term growth, the company plans to:

  • Capture rising demand due to government bans on single-use plastics.
  • Develop innovative eco-friendly packaging solutions.
  • Establish strategic partnerships with global distributors.

Funding for expansion will be arranged primarily through IPO proceeds, internal accruals, and working capital management. Since the company has no long-term borrowings, its balance sheet remains relatively stable, allowing flexibility for future capital expenditure.

Industry Overview

Acetech operates in the sustainable packaging and paper-based products industry.

Industry Size – India

The Indian packaging industry is valued at approximately USD 75–80 billion and is growing at a CAGR of 10–12%. The sustainable packaging segment is growing faster due to regulatory support and environmental awareness.

Global Industry Size

Globally, the sustainable packaging market is valued at over USD 300 billion, with expected growth of around 7–9% CAGR over the next five years.

Growth Drivers

  • Ban on single-use plastics in India.
  • Increasing environmental awareness among consumers.
  • Growth of food delivery and quick-service restaurants.
  • Export opportunities in developed markets.

Market Leaders

Globally, large packaging companies dominate the segment, while in India, organized paper-based packaging manufacturers are gaining share due to compliance standards and scalability.

The industry outlook remains strong due to regulatory push and increasing corporate ESG commitments.

Key Risk Factors

  1. Raw Material Price Volatility
    Fluctuation in paper pulp and raw material prices can directly impact profit margins, as input costs form a significant portion of total production cost.
  2. Dependence on Key Customers
    Revenue concentration from major clients may affect performance if contracts are reduced or terminated.
  3. Regulatory Risk
    Changes in environmental regulations or export compliance norms may increase operational costs.
  4. Working Capital Intensive Nature
    The business requires continuous investment in inventory and receivables, which may impact liquidity.
  5. Competition Risk
    The packaging industry is highly competitive, with both organized and unorganized players offering similar products.
  6. Export Market Risk
    Fluctuations in foreign exchange rates and international demand may affect export revenues.
  7. Technology Obsolescence
    Failure to adopt advanced automation may reduce cost competitiveness in the long term.

Key Strengths, Moat & Opportunities

  1. Eco-Friendly Product Focus
    The company operates in a niche but fast-growing sustainable packaging segment aligned with environmental regulations.
  2. Strong Revenue Growth
    Revenue from operations stood at ₹48,354.55 lakh in FY24, showing strong operational scale.
  3. Healthy Profitability
    The company reported ₹1,068.80 lakh PAT in FY24, indicating operational efficiency.
  4. Low Debt Position
    Absence of long-term borrowings provides financial flexibility and reduces interest burden.
  5. Export Presence
    International sales provide diversification and reduce dependency on the domestic market.
  6. Regulatory Tailwinds
    Government ban on single-use plastics creates long-term demand opportunity.
  7. Scalable Business Model
    Investment in automated production lines can improve margins and increase output capacity.

Acetech E-Commerce Limited Financial Information (Restated Consolidated)

Amount in (₹ in Lakhs)

Period Ended Sep 30, 2025 Mar 31, 2025 Mar 31, 2024 Mar 31, 2023
Reserve of Surplus 1,010.57 375.84 587.87 185.73
Total Assets 2,940.06 1,943.89 1,536.83 1,805.47
Total Borrowings 42.65 49.36 256.53 49.59
Fixed Assets 6.60 7.69 10.28 11.43
Cash 101.26 31.08 262.57 93.90
Cash flow from operating activities -280.75 -106.18 -47.57 44.57
Cash flows from investing activities 1.13 84.47 17.94 -93.31
Cash flow from financing activities 349.80 -209.78 198.32 39.79
Net Borrowing -58.61 18.28 -6.04 -44.31
Revenue 4,043.51 7,041.14 6,027.71 5,247.52
EBITDA 778.32 934.24 664.09 241.60
PAT 573.60 687.97 402.14 151.56
PAT Margin 14.19% 9.77% 6.67% 2.89%
EPS 4.99 7.64 4.46 -

Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.

Key Performance Indicator
KPI Values
EPS Pre IPO (Rs.) 7.64
EPS Post IPO (Rs.) 4.20
Adjusted 12M EPS Post IPO (Rs.) 7.00
P/E Pre IPO 14.66
P/E Post IPO 26.67
Adjusted 12M P/E Post IPO 16.00
ROE 73.75%
ROCE 71.12%
P/BV 7.90
Debt/Equity 0.04
RoNW 73.75%
EBITDA Margin 13.29%
PAT Margin 9.77%
Acetech E-Commerce Limited IPO Peer Comparison
Company Name EPS P/E (x) ROE ROCE P/BV Debt/Equity RoNW (%)
Acetech E-Commerce 4.20 26.67 73.75% 71.12% 7.90 0.04 73.75%
Pace E-commerce Ventures 1.47 15.56 4.44 % 6.53 % 0.48 0.15 4.34%
Acetech E-Commerce Limited Contact Details

Acetech E-Commerce Limited
Phone: +91 84849 93426
Email: info@acetechecommerce.com
Websitehttp://www.acetechecommerce.com/

Acetech E-Commerce IPO Registrar and Lead Manager(s)

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
Phone: 011-40450193 / 011-40450197
Email: ipo@skylinerta.com
Website: http://www.skylinerta.com/


GRETEX CORPORATE SERVICES LIMITED
Phone: : +91 93319 26937
Email: info@gretexgroup.com
Website: http://www.gretexcorporate.com/

Acetech E-Commerce IPO Review

Acetech E-Commerce Limited is engaged in the business of eco-friendly and sustainable packaging solutions. The company manufactures and supplies biodegradable paper-based products such as paper straws, food containers, and packaging materials. It earns revenue primarily through domestic and export sales to food service companies, beverage brands, and retail chains. For FY24, the company reported revenue from operations of ₹48,354.55 lakh and Profit After Tax of ₹1,068.80 lakh.


The Company is led by Promoter, i.e.,MS. SWETA BIPPINKUMAR SARAOGI, MS. MADHAVI GOVINDPRASAD SHARMA AND MR. BIPPINKUMAR VIJAY SARAOGI

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 4,043.51 Lakh, ₹ 7,041.14 Lakh, ₹ 6,027.71 Lakh, and ₹ 5,247.52 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 778.32 Lakh, ₹ 934.24 Lakh, ₹ 664.09 Lakh, and ₹ 241.60 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 573.60 Lakh, ₹ 687.97 Lakh, ₹ 402.14 Lakh, and ₹ 151.56 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue  EPS of ₹ 7.64 and post-issue EPS of 4.20 for FY25. The pre-issue P/E ratio is 14.66x,while the post-issue P/E ratio is 26.67x against the Industry P/E ratio is NAx The company's ROE for FY25 is 73.75% and RoNW is 73.75% The Annualised EPS is ₹ 7.00x and P/E is 16.00x,   These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Acetech E-Commerce showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Acetech E-Commerce Limited, IPO for Listing gain or Long Term Purposes.


Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com

About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.

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