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Action Construction Equipment Limited IPO

Mainboard NSE & BSE Capital Goods Listed
Min Investment
₹6,500
50 shares · 1 lot

Action Construction Equipment Limited is an Indian construction and material-handling equipment manufacturer. Its portfolio includes mobile and tower cranes, pick-and-carry cranes, forklifts, backhoe loaders, compactors, motor graders, tractors, harvesters and other agricultural and construction equipment.

Open
01 Sep
Close
07 Sep
Allotment
TBA
Refund
TBA
Listing
26 Sep

Market Sentiment

Grey Market Premium

No GMP data recorded yet for this IPO.

GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

Subscription

34.33x
Overall subscription
QIB 37.00x
NII 40.00x
Retail 29.00x

IPO Details

Price Band ₹110 - ₹130 per share
Lot Size50 shares
Min Investment₹6,500
Face Value₹10
Total Issue Size ₹59.8 crore
Fresh Issue₹59.8 crore
Issue TypeBook Built
Lead Manager(s)Karvy Investor Services Limited, UTI Securities Limited
RegistrarKarvy Computershare Private Limited
Listing AtNSE & BSE

Financial Analysis

Metric 2025 2024
Revenue 3,327.05 2,898.2
EBITDA 0 0
Profit After Tax 409.24 0
Net Worth 0 0
EPS 34.37 0
Figures in ₹ crore unless stated otherwise (INR).

Objects of the Issue

PurposeAmount (₹ Cr)%
Set up a new manufacturing plant for loaders, higher-capacity tower cranes and construction equipment23.439.13
Expansion and modernization of existing capacities and facilities8.8414.78
Acquisitions and investments711.71
Set up a joint venture with Tigieffe SRL, Italy6.611.04
Additional working-capital requirements13.7723.03
Brand-building exercise2.54.18
Set up a corporate office and research and development centre13.6722.86

Strengths & Risks

Strengths

  • Established Indian construction-equipment brand with operations dating back to 1995.
  • Strong position in the domestic pick-and-carry mobile-crane market.
  • Diversified product portfolio spanning cranes, construction equipment, material handling and agricultural equipment.
  • Integrated manufacturing facilities and in-house research and development capabilities.
  • Countrywide sales, service, spare-parts and dealer network.
  • Low financial leverage and established credit profile.
  • Experienced promoter-led management team with extensive industry knowledge.
  • Available industrial land and manufacturing infrastructure provide scope for capacity expansion.

Risks & Concerns

  • Demand is linked to infrastructure, construction, real-estate, industrial-capex and agricultural cycles.
  • Changes or delays in government infrastructure expenditure can affect equipment demand.
  • Volatility in steel, engines, hydraulics and other input costs can pressure margins.
  • The business faces competition from Indian manufacturers and multinational construction-equipment companies.
  • Working-capital requirements and dealer or customer receivables can affect cash flows.
  • Product defects, warranty claims or equipment-related accidents could damage the brand and result in liabilities.
  • Exports and overseas operations expose the company to foreign-exchange, geopolitical and regulatory risks.
  • Dependence on suppliers for certain engines, components and specialized technology may disrupt production.
  • Expansion into defence and new equipment categories involves execution, qualification and order-conversion risks.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Listing Performance

Issue Price
₹130
Listing Price
₹180
Listing Gain
+38.5%

Post-Listing Returns

Current Price
₹1,012
1 Month
+0.0%
1 Year
+0.0%
Since IPO
+0.0%

Corporate Actions

Dividends

AnnouncedTypePer Share (₹)%
20 May 2026Final2100
26 May 2025Final2100
21 May 2024Final2100
30 May 2023Final150
23 May 2022Final0.630
28 May 2021Final0.525
11 Mar 2020Interim0.525
16 May 2019Final0.525
21 May 2018Final0.525
23 May 2017Final0.315

Acquisitions

DateCompanyStakeValue (₹ Cr)
01 Jan 2007Forma S.A., Romania89.5%0

Name Changes

EffectiveOld NameNew Name
04 Oct 2005Action Construction Equipments Private LimitedAction Construction Equipments Limited
23 Mar 2006Action Construction Equipments LimitedAction Construction Equipment Limited

Shareholding Pattern

QuarterPromotersFIIDIIPublic
2026-06-3065.427.822.5924.17
2026-03-3165.429.581.8423.15
2025-12-3165.4210.41.7622.41
2025-09-3065.4210.361.8322.39

Peer Comparison

CompanyMkt Cap (₹ Cr)P/ERoEEPS
BEML Limited15,298.52103.72021.53
Action Construction Equipment Limited12,266.7629.3809.15
Ajax Engineering Limited6,201.9927.2408.3
TIL Limited1,429.5500-1.47
Indo Farm Equipment Limited699.128.7101.71

Company Information

Action Construction Equipment Limited is an Indian construction and material-handling equipment manufacturer. Its portfolio includes mobile and tower cranes, pick-and-carry cranes, forklifts, backhoe loaders, compactors, motor graders, tractors, harvesters and other agricultural and construction equipment.

ISININE731H01025
CINL74899HR1995PLC053860
Incorporated13 Jan 1995
IndustryConstruction Equipment
HeadquartersPalwal, Haryana
Websitehttps://www.ace-cranes.com

Company Timeline

Latest
28 Sep 2021
QIP shares listed
QIP equity shares were admitted to dealings on NSE.
24 Sep 2021
QIP allotment
Allotted 5.6 million shares at INR 242 per share, raising INR 135.52 crore.
16 May 2019
Buyback approved
Board approved an open-market buyback with a maximum size of INR 34.25 crore.
13 Mar 2008
Stock split
Equity shares began trading ex-split following a face-value split from INR 10 to INR 2.
26 Sep 2006
Listing
Equity shares listed on NSE and BSE.
12 Sep 2006
Prospectus
Final prospectus dated September 12, 2006.
07 Sep 2006
IPO closed
Initial public offering closed after receiving substantial oversubscription.
01 Sep 2006
IPO opened
Initial public offering opened for subscription.
28 Mar 2006
Draft offer document filed
Draft IPO offer document was received by SEBI.
23 Mar 2006
Name change
Company name changed to Action Construction Equipment Limited.
04 Oct 2005
Conversion to public company
Name changed to Action Construction Equipments Limited.
13 Jan 1995
Incorporation
Incorporated as Action Construction Equipments Private Limited.

Board of Directors

NameDesignationIndependent
Vijay AgarwalChairman and Managing DirectorNo
Mona AgarwalWhole-Time DirectorNo
Sorab AgarwalWhole-Time DirectorNo
Surbhi GargWhole-Time DirectorNo
Avinash Parkash GandhiIndependent DirectorYes
Shriniwas VashishtIndependent DirectorYes
Divya SinghalIndependent DirectorYes
Jagan Nath ChamberIndependent DirectorYes

Resources & Documents

Draft Red Herring Prospectus (DRHP) Prospectus Annual Report Annual Report Investor Presentation

Latest News

Last verified: 27 Jul 2026. Figures are indicative and may change; verify with official exchange filings before investing.