Priced above the peers the company named

How often was an IPO priced at a P/E above the peers its own offer document named?

15 of 31 (48%)

Of 31 studied IPOs with a price band, 15 (48%) were priced at a P/E above the median of the listed peers the company itself named.

Mainboard: 9 of 13 (69%); SME: 6 of 18 (33%)

How this is counted

The P/E at the upper end of the band (market capitalisation after the issue over the latest year's profit), against the median P/E of the peers in the offer document's basis-for-price section, as printed there. Arithmetic on the document's own figures, not a view on the price; peers chosen by the company may not run the same business.

The sample is every IPO newboard has studied whose study states the figures this needs: 31 of the 313 studied so far. Each figure is from that issue's own offer document, with its page in the study. Counted on 4 Oct 2026; the count moves as studies are added. It describes these issues and says nothing about any other.

Every issue in the count

IssueBoardStageP/E against the peer medianCounted
Sai Urja Indo Ventures SMESMEClosed81%yes
ArMee InfotechMainboardListed79%yes
Adroit Industries (India)MainboardListed77%yes
Shah Investor's HomeMainboardClosed64%yes
Vishal NirmitiMainboardLive62%yes
Liqvd Digital India SMESMEClosed53%yes
Pooja Logistics SMESMEClosed41%yes
Himalayan Solar SMESMEClosed32%yes
Varmora GranitoMainboardListed23%yes
Swastika InfraMainboardListed23%yes
Orient Cables (India)MainboardClosed21%yes
Eventions SMESMELive11%yes
Nityas Gems and JewelleryMainboardLive4%yes
Srit IndiaMainboardClosed4%yes
Shree TNB Polymers SMESMELive1%yes
Coreintegra Consulting Services SMESMEClosed-4%no
MoneyviewMainboardListed-27%no
Runwal EnterprisesMainboardClosed-28%no
Green Asia Impex SMESMEClosed-29%no
Shivchem Agro SMESMEClosed-33%no
Dudani Retail SMESMEClosed-33%no
German Green Steel and PowerMainboardClosed-42%no
Bench Mark Infotech Services SMESMEDRHP filed-42%no
Acme Universal Safezone 9 SMESMEClosed-43%no
A-One Steels IndiaMainboardListed-46%no
Axiom Gas Engineering SMESMEClosed-49%no
R.K. Fashion Accessories SMESMEUpcoming-54%no
Peshwa Wheat SMESMEClosed-55%no
TNA Solutions SMESMELive-62%no
Unitec Fibres SMESMEClosed-69%no
Roopa Screen SMESMEClosed-78%no

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