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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 ₹
268,800, 2 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
- 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. - Dependence on Key Customers
Revenue concentration from major clients may affect performance if contracts are reduced or terminated. - Regulatory Risk
Changes in environmental regulations or export compliance norms may increase operational costs. - Working Capital Intensive Nature
The business requires continuous investment in inventory and receivables, which may impact liquidity. - Competition Risk
The packaging industry is highly competitive, with both organized and unorganized players offering similar products. - Export Market Risk
Fluctuations in foreign exchange rates and international demand may affect export revenues. - Technology Obsolescence
Failure to adopt advanced automation may reduce cost competitiveness in the long term.
Key Strengths, Moat & Opportunities
- Eco-Friendly Product Focus
The company operates in a niche but fast-growing sustainable packaging segment aligned with environmental regulations. - Strong Revenue Growth
Revenue from operations stood at ₹48,354.55 lakh in FY24, showing strong operational scale. - Healthy Profitability
The company reported ₹1,068.80 lakh PAT in FY24, indicating operational efficiency. - Low Debt Position
Absence of long-term borrowings provides financial flexibility and reduces interest burden. - Export Presence
International sales provide diversification and reduce dependency on the domestic market. - Regulatory Tailwinds
Government ban on single-use plastics creates long-term demand opportunity. - 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
Website: http://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.





