IPOs with net debt of more than three times EBITDA
Net debt / EBITDA is 3× or more before the issue. Net debt against a year's EBITDA shows how many years of operating profit the debt represents; objects of the issue sometimes include repaying it.
- Issues meeting it
- 27
- Issues with the figures
- 163
| Issue | Board | Stage | Date | The figures |
|---|---|---|---|---|
| LGC Engineering SME | SME | DRHP filed | 1 Oct | Net debt is 3.0× EBITDA. |
| A-One Steels India | Mainboard | Listed | 1 Oct | Net debt is 3.2× EBITDA. |
| Vishakha Renewables | Mainboard | DRHP filed | 30 Sept | Net debt is 5.6× EBITDA. |
| Elevate Campuses | Mainboard | Listed | 30 Sept | Net debt is 6.2× EBITDA. |
| Abacus Lifestyle Brands SME | SME | DRHP filed | 30 Sept | Net debt is 3.1× EBITDA. |
| TNA Solutions SME | SME | Live | 30 Sept | Net debt is 3.6× EBITDA. |
| Tenty | Mainboard | DRHP filed | 29 Sept | Net debt is 3.1× EBITDA. |
| Sanghvi Housing And Infrastructure | Mainboard | DRHP filed | 29 Sept | Net debt is 3.0× EBITDA. |
| J B Ecotex | Mainboard | DRHP filed | 28 Sept | Net debt is 3.4× EBITDA. |
| Pind Hospitality SME | SME | Closed | 28 Sept | Net debt is 3.2× EBITDA. |
| Acme Universal Safezone 9 SME | SME | Closed | 28 Sept | Net debt is 3.6× EBITDA. |
| Runwal Enterprises | Mainboard | Closed | 25 Sept | Net debt is 7.9× EBITDA. |
| Green Asia Impex SME | SME | Closed | 24 Sept | Net debt is 3.9× EBITDA. |
| Unitec Fibres SME | SME | Closed | 23 Sept | Net debt is 4.7× EBITDA. |
| Vivekanand Cotspin SME | SME | Closed | 21 Sept | Net debt is 3.0× EBITDA. |
| Sembcorp Green Infra | Mainboard | DRHP filed | 26 Aug | Net debt is 5.5× EBITDA. |
| Eswari Global Metal Industries | Mainboard | DRHP filed | 28 Jun | Net debt is 12.9× EBITDA. |
| Ujin Pharma | Mainboard | DRHP filed | 22 Jun | Net debt is 3.4× EBITDA. |
| Casagrand Premier Builder | Mainboard | DRHP filed | 24 Dec | Net debt is 4.5× EBITDA. |
| Crystal Crop Protection | Mainboard | DRHP filed | 17 Dec | Net debt is 3.3× EBITDA. |
| Sael Industries | Mainboard | DRHP filed | 3 Nov | Net debt is 50.1× EBITDA. |
| Sify Infinit Spaces | Mainboard | DRHP filed | 16 Oct | Net debt is 3.7× EBITDA. |
| Integris Medtech | Mainboard | DRHP filed | 9 Oct | Net debt is 3.1× EBITDA. |
| Eldeco Infrastructure And Properties | Mainboard | DRHP filed | 30 Sept | Net debt is 15.1× EBITDA. |
| Cj Darcl Logistics | Mainboard | DRHP filed | 30 Sept | Net debt is 3.0× EBITDA. |
| Runwal Developers | Mainboard | DRHP filed | 30 Sept | Net debt is 6.8× EBITDA. |
| Shivalaya Construction | Mainboard | DRHP filed | 6 Sept | Net debt is 3.1× EBITDA. |
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