IPOs with the fastest profit growth
Which IPOs grew profit after tax fastest in the years before the issue?
273 IPOs newboard has studied give this figure in their offer documents. The median profit growth a year is 55.6%, and the middle half run from 24.5% to 106.3%. Jaytee Alloys & Components (SME) is first, at 1,479.9% (profit, first year ₹0 cr; profit, latest year ₹7 cr).
Ranked on 4 Oct 2026; the first 50 of 273 are shown. The list moves as studies are added.
| # | Issue | Board | Stage | Profit growth a year | Profit, first year | Profit, latest year |
|---|---|---|---|---|---|---|
| 1 | Jaytee Alloys & Components SME | SME | DRHP filed | 1,479.9% | ₹0 cr | ₹7 cr |
| 2 | Polite Powertech | Mainboard | DRHP filed | 1,446.9% | ₹0.8 cr | ₹13 cr |
| 3 | Allied Engineering Works | Mainboard | DRHP filed | 1,074.4% | ₹1 cr | ₹140 cr |
| 4 | Deon Energy | Mainboard | DRHP filed | 985.5% | ₹0.2 cr | ₹26.2 cr |
| 5 | Jindal Supreme (India) | Mainboard | Listed | 518.2% | ₹0.6 cr | ₹24.3 cr |
| 6 | Sadbhav Futuretech | Mainboard | DRHP filed | 502.7% | ₹0.8 cr | ₹30.8 cr |
| 7 | Gaurik Fashions | Mainboard | DRHP filed | 493.6% | ₹0.3 cr | ₹12.3 cr |
| 8 | Marco Secure Solutions SME | SME | DRHP filed | 471.2% | ₹0.3 cr | ₹8.3 cr |
| 9 | Omara Ventures India SME | SME | Live | 448.7% | ₹0.3 cr | ₹9.4 cr |
| 10 | Anil Fashions SME | SME | DRHP filed | 424.6% | ₹0.4 cr | ₹11.4 cr |
| 11 | Tanvi Exports India | Mainboard | DRHP filed | 404.4% | ₹2.6 cr | ₹65.8 cr |
| 12 | Playsimple Games | Mainboard | DRHP filed | 390.5% | ₹14.9 cr | ₹359 cr |
| 13 | Solitario Lab Grown SME | SME | DRHP filed | 363.2% | ₹0.5 cr | ₹11.1 cr |
| 14 | Kataria Dhulchand Pannalal Jewellers | Mainboard | DRHP filed | 334.7% | ₹2.4 cr | ₹44.6 cr |
| 15 | M. K. Sons Fine Jewels | Mainboard | DRHP filed | 316.8% | ₹1.3 cr | ₹23.3 cr |
| 16 | Himalaya Nutravedics India SME | SME | Closed | 316.5% | ₹0.4 cr | ₹7.4 cr |
| 17 | Shivganga Drillers | Mainboard | DRHP filed | 299% | ₹3.9 cr | ₹62.3 cr |
| 18 | Bonbloc Technologies | Mainboard | DRHP filed | 298.7% | ₹2.1 cr | ₹33.5 cr |
| 19 | Appl Containers | Mainboard | DRHP filed | 297% | ₹2.1 cr | ₹32.8 cr |
| 20 | Rayzon Solar | Mainboard | Lapsed | 294.7% | ₹3.9 cr | ₹60.9 cr |
| 21 | Arete 22 | Mainboard | DRHP filed | 292.5% | ₹2.9 cr | ₹45 cr |
| 22 | Tgtmc Supply Chain SME | SME | DRHP filed | 273.1% | ₹0.4 cr | ₹5.8 cr |
| 23 | Learnfluence Education | Mainboard | DRHP filed | 270.8% | ₹1.4 cr | ₹19.3 cr |
| 24 | Sai Infinium | Mainboard | DRHP filed | 266.3% | ₹6.1 cr | ₹82.4 cr |
| 25 | Cosmic Pv Power | Mainboard | DRHP filed | 264.9% | ₹1.8 cr | ₹24.4 cr |
| 26 | Maharaja Polyfab SME | SME | DRHP filed | 260.5% | ₹0.8 cr | ₹10.7 cr |
| 27 | Jagatjit Agri Engineering | Mainboard | DRHP filed | 254.2% | ₹2.5 cr | ₹31.4 cr |
| 28 | Oswal Energies | Mainboard | DRHP filed | 251% | ₹5.3 cr | ₹65.8 cr |
| 29 | Associated Power Structures | Mainboard | DRHP filed | 246.5% | ₹5.3 cr | ₹63.3 cr |
| 30 | Olpad Aqua SME | SME | DRHP filed | 243.3% | ₹0.7 cr | ₹8.4 cr |
| 31 | Itwings Infosystem SME | SME | DRHP filed | 238.4% | ₹1.7 cr | ₹19.6 cr |
| 32 | S. K. Offset SME | SME | Closed | 222.2% | ₹0.7 cr | ₹7.5 cr |
| 33 | Paramount Syntex SME | SME | Live | 220.8% | ₹1.3 cr | ₹13.9 cr |
| 34 | Pentacle Consultants (I) | Mainboard | DRHP filed | 215.9% | ₹2.9 cr | ₹28.9 cr |
| 35 | Rysa Infratech SME | SME | DRHP filed | 202.5% | ₹0.9 cr | ₹8.3 cr |
| 36 | Sunil Gold India | Mainboard | DRHP filed | 189.3% | ₹3.6 cr | ₹30.2 cr |
| 37 | Matangi Rubber | Mainboard | DRHP filed | 170.3% | ₹2.7 cr | ₹20 cr |
| 38 | Vishal Nirmiti | Mainboard | Live | 169.2% | ₹3.4 cr | ₹25 cr |
| 39 | Absolute Projects (India) | Mainboard | DRHP filed | 169.1% | ₹2.9 cr | ₹21 cr |
| 40 | Functional & Innovative Foods | Mainboard | DRHP filed | 168.4% | ₹3.2 cr | ₹23.2 cr |
| 41 | Raj Polypack SME | SME | DRHP filed | 164% | ₹0.8 cr | ₹5.7 cr |
| 42 | Bench Mark Infotech Services SME | SME | DRHP filed | 162.7% | ₹1.5 cr | ₹10.2 cr |
| 43 | Momai Art | Mainboard | DRHP filed | 158.7% | ₹5.8 cr | ₹39 cr |
| 44 | Steelbuild Infra Projects SME | SME | DRHP filed | 158.1% | ₹2.3 cr | ₹15.2 cr |
| 45 | R.K. Fashion Accessories SME | SME | Upcoming | 157.5% | ₹0.9 cr | ₹6.3 cr |
| 46 | Nexa Defence (I) SME | SME | DRHP filed | 155.6% | ₹0.8 cr | ₹5 cr |
| 47 | Tmc Transformers India | Mainboard | DRHP filed | 151.8% | ₹15.1 cr | ₹95.7 cr |
| 48 | Royal Chain | Mainboard | DRHP filed | 151.7% | ₹27.4 cr | ₹173 cr |
| 49 | Technomed Devices India SME | SME | DRHP filed | 145% | ₹0.5 cr | ₹2.9 cr |
| 50 | Lalsai Global SME | SME | DRHP filed | 139.9% | ₹1 cr | ₹5.8 cr |
How this list is ranked
Profit after tax growth a year over the record each offer document gives, from its restated statements. Issues with a loss in the first year are left out, since a growth rate from a loss has no meaning. A small first-year profit makes any later year look like fast growth; the first and latest profit are shown beside it. A list ranks the issues by one figure from each offer document. It places them; it says nothing about whether any of the shares is worth owning.
More lists: growth
The day's IPOs each morning, and allotment the minute it is out, on Telegram
One short post each morning: what opens, closes and lists today, and the new offer-document studies. The allotment status the moment it goes live. An IPO list on Saturdays and the week ahead on Sundays. Each one is a fact and a link, with the figures on the card.
Free, no account, leave in one tap.