IPOs where a few customers bring most of the revenue

The largest customer is 25% or more of revenue, or the top ten are 75% or more. Where a few customers bring most of the revenue, the loss or renegotiation of one of them moves the whole business.

Issues meeting it: 95
Issues with the figures: 218

Issue	Board	Stage	Date	The figures
LGC Engineering SME	SME	DRHP filed	1 Oct	The largest customer is 48.5% of revenue; the top ten are 87.4%.
Rysa Infratech SME	SME	DRHP filed	1 Oct	The largest customer is 34.9% of revenue; the top ten are 79.6%.
Kritilabs Technologies SME	SME	DRHP filed	30 Sept	The largest customer is 63.5% of revenue; the top ten are 98.3%.
Shakti Infra Projects SME	SME	DRHP filed	30 Sept	The largest customer is 40.6% of revenue.
Raj Polypack SME	SME	DRHP filed	30 Sept	The top ten are 81.1%.
Jaytee Alloys & Components SME	SME	DRHP filed	30 Sept	The largest customer is 31.5% of revenue.
AITMC Ventures	Mainboard	UDRHP filed	30 Sept	The top ten are 83.6%.
ArMee Infotech	Mainboard	Listed	30 Sept	The largest customer is 29.7% of revenue.
Kasliwal Projects SME	SME	DRHP filed	30 Sept	The top ten are 83.7%.
Itwings Infosystem SME	SME	DRHP filed	30 Sept	The largest customer is 27.1% of revenue; the top ten are 99.5%.
Dove Soft SME	SME	Live	30 Sept	The largest customer is 37.6% of revenue; the top ten are 79.9%.
Pes Installations	Mainboard	DRHP filed	30 Sept	The largest customer is 42.3% of revenue; the top ten are 78.3%.
Rudra Green Ship Recycling	Mainboard	DRHP filed	30 Sept	The largest customer is 52.5% of revenue.
Vishal Nirmiti	Mainboard	Live	30 Sept	The largest customer is 40.6% of revenue; the top ten are 92.9%.
Sarva Foam Industries	Mainboard	DRHP filed	30 Sept	The top ten are 81.0%.
Rathod Jewellery Manufacturing	Mainboard	DRHP filed	30 Sept	The largest customer is 40.4% of revenue; the top ten are 98.1%.
Madhavaa Crafts SME	SME	DRHP filed	30 Sept	The largest customer is 35.8% of revenue; the top ten are 97.3%.
Nnt Developers	Mainboard	DRHP filed	30 Sept	The top ten are 85.6%.
Soleos Energy	Mainboard	DRHP filed	30 Sept	The top ten are 75.1%.
Oremet Alloys And Castings SME	SME	DRHP filed	30 Sept	The top ten are 75.5%.
Sabari Construction Technologies SME	SME	DRHP filed	30 Sept	The largest customer is 44.3% of revenue; the top ten are 92.6%.
Eventions SME	SME	Live	30 Sept	The largest customer is 42.7% of revenue; the top ten are 84.6%.
TNA Solutions SME	SME	Live	30 Sept	The top ten are 83.8%.
Vardhman Appliances	Mainboard	DRHP filed	30 Sept	The largest customer is 28.4% of revenue.
Everestims Technologies SME	SME	Live	29 Sept	The largest customer is 29.6% of revenue; the top ten are 88.8%.
Vans Electroengineerings SME	SME	Closed	29 Sept	The largest customer is 42.7% of revenue; the top ten are 80.8%.
Black Opal Consultants SME	SME	Closed	29 Sept	The top ten are 87.6%.
Pentacle Consultants (I)	Mainboard	DRHP filed	29 Sept	The top ten are 96.3%.
Pci Infraprojects	Mainboard	DRHP filed	29 Sept	The largest customer is 29.2% of revenue; the top ten are 81.8%.
Pioneer Fabricators	Mainboard	DRHP filed	29 Sept	The top ten are 82.7%.
Technopaints And Chemicals	Mainboard	DRHP filed	28 Sept	The largest customer is 29.1% of revenue; the top ten are 81.9%.
Srit India	Mainboard	Closed	28 Sept	The top ten are 89.4%.
S. G. Encon	Mainboard	DRHP filed	26 Sept	The largest customer is 90.4% of revenue; the top ten are 99.6%.
Dudani Retail SME	SME	Closed	25 Sept	The largest customer is 37.4% of revenue.
Orient Cables (India)	Mainboard	Closed	25 Sept	The largest customer is 25.8% of revenue; the top ten are 76.5%.
Arete 22	Mainboard	DRHP filed	25 Sept	The largest customer is 49.1% of revenue.
Jagatjit Agri Engineering	Mainboard	DRHP filed	25 Sept	The largest customer is 25.2% of revenue.
Himalayan Solar SME	SME	Closed	25 Sept	The largest customer is 50.0% of revenue; the top ten are 100%.
Clastek Engineering SME	SME	DRHP filed	25 Sept	The top ten are 98.5%.
J Infratech	Mainboard	DRHP filed	25 Sept	The largest customer is 50.5% of revenue.
Sai Urja Indo Ventures SME	SME	Closed	25 Sept	The largest customer is 74.8% of revenue.
Green Asia Impex SME	SME	Closed	24 Sept	The top ten are 77.9%.
Integrum Energy Infrastructure	Mainboard	DRHP filed	24 Sept	The largest customer is 49.5% of revenue; the top ten are 95.9%.
Hero Motors	Mainboard	Listed	23 Sept	The largest customer is 38.0% of revenue.
Pooja Logistics SME	SME	Closed	23 Sept	The largest customer is 27.7% of revenue.
Coreintegra Consulting Services SME	SME	Closed	23 Sept	The largest customer is 53.0% of revenue.
S. K. Offset SME	SME	Closed	23 Sept	The largest customer is 30.4% of revenue; the top ten are 86.1%.
Electromech Infraprojects	Mainboard	DRHP filed	23 Sept	The largest customer is 31.5% of revenue.
Himalaya Nutravedics India SME	SME	Closed	22 Sept	The largest customer is 36.0% of revenue; the top ten are 81.2%.
Jai Parvati Forge	Mainboard	DRHP filed	21 Sept	The top ten are 79.2%.
Rudra Cottex	Mainboard	DRHP filed	17 Sept	The largest customer is 42.3% of revenue; the top ten are 96.2%.
Anchor Offshore Services	Mainboard	DRHP filed	15 Sept	The largest customer is 75.6% of revenue; the top ten are 97.4%.
R.D.Engineers (India) SME	SME	DRHP filed	13 Sept	The largest customer is 32.3% of revenue; the top ten are 98.1%.
Marco Secure Solutions SME	SME	DRHP filed	11 Sept	The top ten are 76.1%.
Olpad Aqua SME	SME	DRHP filed	11 Sept	The largest customer is 29.3% of revenue; the top ten are 88.4%.
Ideas Electricals & Engineers SME	SME	DRHP filed	2 Sept	The top ten are 89.7%.
Avaada Electro	Mainboard	UDRHP filed	25 Aug	The largest customer is 89.3% of revenue.
Aditya Creative Ornaments SME	SME	DRHP filed	25 Aug	The largest customer is 25.2% of revenue; the top ten are 75.6%.
Encube Ethicals	Mainboard	DRHP filed	1 Aug	The top ten are 78.2%.
Bench Mark Infotech Services SME	SME	DRHP filed	31 Jul	The largest customer is 25.2% of revenue; the top ten are 94.2%.
Beauty Garage	Mainboard	DRHP filed	28 Jul	The top ten are 78.3%.
Robokidz Eduventures SME	SME	DRHP filed	24 Jul	The top ten are 78.0%.
Yogiji Digi	Mainboard	DRHP filed	20 Jul	The top ten are 82.1%.
Gni Infrastructure	Mainboard	DRHP filed	30 Jun	The top ten are 96.1%.
Pragyawan Technologies	Mainboard	DRHP filed	30 Jun	The top ten are 99.4%.
Playsimple Games	Mainboard	DRHP filed	23 Apr	The largest customer is 37.8% of revenue; the top ten are 82.5%.
Sadbhav Futuretech	Mainboard	DRHP filed	31 Mar	The largest customer is 86.5% of revenue.
Punjab Carbonic	Mainboard	DRHP filed	31 Mar	The largest customer is 31.5% of revenue.
Bvishal Oil And Energy	Mainboard	DRHP filed	31 Mar	The largest customer is 60.3% of revenue.
T.C. Terrytex	Mainboard	DRHP filed	30 Mar	The largest customer is 25.6% of revenue.
Monomark Engineering (India)	Mainboard	DRHP filed	30 Mar	The largest customer is 35.7% of revenue; the top ten are 87.7%.
Kay Jay Forgings	Mainboard	DRHP filed	30 Mar	The top ten are 90.0%.
Cosmic Pv Power	Mainboard	DRHP filed	30 Mar	The largest customer is 30.4% of revenue; the top ten are 80.1%.
Pioneer Fil-Med	Mainboard	DRHP filed	29 Mar	The top ten are 99.3%.
Laxyo	Mainboard	DRHP filed	23 Mar	The largest customer is 58.1% of revenue.
Rkb Global	Mainboard	DRHP filed	20 Mar	The largest customer is 35.0% of revenue.
Trenzet Infra	Mainboard	DRHP filed	20 Mar	The largest customer is 26.8% of revenue; the top ten are 99.2%.
Polite Powertech	Mainboard	DRHP filed	18 Mar	The largest customer is 36.2% of revenue; the top ten are 93.1%.
Sunil Gold India	Mainboard	DRHP filed	7 Mar	The largest customer is 25.1% of revenue; the top ten are 93.3%.
Krishna Buildspace	Mainboard	DRHP filed	30 Dec	The top ten are 92.9%.
Wog Technologies	Mainboard	DRHP filed	28 Dec	The top ten are 97.5%.
Shivganga Drillers	Mainboard	DRHP filed	12 Dec	The largest customer is 66.0% of revenue.
Milestone Gears	Mainboard	DRHP filed	18 Nov	The top ten are 93.0%.
Sify Infinit Spaces	Mainboard	DRHP filed	16 Oct	The top ten are 82.4%.
Vishvaraj Environment	Mainboard	DRHP filed	29 Sept	The top ten are 87.7%.
Bonbloc Technologies	Mainboard	DRHP filed	28 Sept	The largest customer is 75.4% of revenue.
Associated Power Structures	Mainboard	DRHP filed	27 Sept	The largest customer is 34.0% of revenue; the top ten are 96.0%.
Dhariwal Buildtech	Mainboard	DRHP filed	27 Sept	The largest customer is 58.0% of revenue.
Appl Containers	Mainboard	DRHP filed	25 Sept	The largest customer is 88.2% of revenue.
Rkcpl	Mainboard	DRHP filed	24 Sept	The largest customer is 60.1% of revenue.
Medicap Healthcare	Mainboard	DRHP filed	22 Sept	The top ten are 77.1%.
Chartered Speed	Mainboard	DRHP filed	4 Sept	The largest customer is 61.7% of revenue.
Transline Technologies	Mainboard	DRHP filed	7 Aug	The largest customer is 25.5% of revenue; the top ten are 81.0%.
Oswal Energies	Mainboard	DRHP filed	19 Jul	The largest customer is 47.4% of revenue; the top ten are 99.5%.
Swara Baby Products	Mainboard	DRHP filed	2 Jul	The top ten are 80.3%.

Newest first; the order is by date and nothing else. Each issue's study sets out the figures in full with their sources. All 13 checks