SME IPOs with the fastest profit growth
Which IPOs grew profit after tax fastest in the years before the issue?
83 SME IPOs newboard has studied give this figure in their offer documents. The median profit growth a year is 68.2%, and the middle half run from 31.8% to 124.4%. Jaytee Alloys & Components 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 83 are shown. The list moves as studies are added.
| # | Issue | Stage | Profit growth a year | Profit, first year | Profit, latest year |
|---|---|---|---|---|---|
| 1 | Jaytee Alloys & Components SME | DRHP filed | 1,479.9% | ₹0 cr | ₹7 cr |
| 2 | Marco Secure Solutions SME | DRHP filed | 471.2% | ₹0.3 cr | ₹8.3 cr |
| 3 | Omara Ventures India SME | Live | 448.7% | ₹0.3 cr | ₹9.4 cr |
| 4 | Anil Fashions SME | DRHP filed | 424.6% | ₹0.4 cr | ₹11.4 cr |
| 5 | Solitario Lab Grown SME | DRHP filed | 363.2% | ₹0.5 cr | ₹11.1 cr |
| 6 | Himalaya Nutravedics India SME | Closed | 316.5% | ₹0.4 cr | ₹7.4 cr |
| 7 | Tgtmc Supply Chain SME | DRHP filed | 273.1% | ₹0.4 cr | ₹5.8 cr |
| 8 | Maharaja Polyfab SME | DRHP filed | 260.5% | ₹0.8 cr | ₹10.7 cr |
| 9 | Olpad Aqua SME | DRHP filed | 243.3% | ₹0.7 cr | ₹8.4 cr |
| 10 | Itwings Infosystem SME | DRHP filed | 238.4% | ₹1.7 cr | ₹19.6 cr |
| 11 | S. K. Offset SME | Closed | 222.2% | ₹0.7 cr | ₹7.5 cr |
| 12 | Paramount Syntex SME | Live | 220.8% | ₹1.3 cr | ₹13.9 cr |
| 13 | Rysa Infratech SME | DRHP filed | 202.5% | ₹0.9 cr | ₹8.3 cr |
| 14 | Raj Polypack SME | DRHP filed | 164% | ₹0.8 cr | ₹5.7 cr |
| 15 | Bench Mark Infotech Services SME | DRHP filed | 162.7% | ₹1.5 cr | ₹10.2 cr |
| 16 | Steelbuild Infra Projects SME | DRHP filed | 158.1% | ₹2.3 cr | ₹15.2 cr |
| 17 | R.K. Fashion Accessories SME | Upcoming | 157.5% | ₹0.9 cr | ₹6.3 cr |
| 18 | Nexa Defence (I) SME | DRHP filed | 155.6% | ₹0.8 cr | ₹5 cr |
| 19 | Technomed Devices India SME | DRHP filed | 145% | ₹0.5 cr | ₹2.9 cr |
| 20 | Lalsai Global SME | DRHP filed | 139.9% | ₹1 cr | ₹5.8 cr |
| 21 | Sabari Construction Technologies SME | DRHP filed | 124.9% | ₹11.2 cr | ₹56.6 cr |
| 22 | Aditya Creative Ornaments SME | DRHP filed | 123.9% | ₹2.5 cr | ₹12.7 cr |
| 23 | R.D.Engineers (India) SME | DRHP filed | 116.8% | ₹1.6 cr | ₹7.7 cr |
| 24 | Carnet Books SME | DRHP filed | 110.3% | ₹0.4 cr | ₹1.8 cr |
| 25 | Kasliwal Projects SME | DRHP filed | 107.6% | ₹4.2 cr | ₹18 cr |
| 26 | Roopa Screen SME | Closed | 107.6% | ₹1.5 cr | ₹6.5 cr |
| 27 | Madhavaa Crafts SME | DRHP filed | 106.8% | ₹0.5 cr | ₹2.1 cr |
| 28 | Himalayan Solar SME | Closed | 104.4% | ₹4.9 cr | ₹20.7 cr |
| 29 | Robokidz Eduventures SME | DRHP filed | 103.7% | ₹2.4 cr | ₹10.1 cr |
| 30 | Kritilabs Technologies SME | DRHP filed | 98.3% | ₹3.5 cr | ₹13.8 cr |
| 31 | S.R.G. Narrow Fab SME | DRHP filed | 91.6% | ₹1.9 cr | ₹7.1 cr |
| 32 | Liqvd Digital India SME | Closed | 88.9% | ₹1.9 cr | ₹6.8 cr |
| 33 | TNA Solutions SME | Live | 88.8% | ₹2.7 cr | ₹9.6 cr |
| 34 | Shree Balajee Tapes And Packaging SME | DRHP filed | 88.5% | ₹0.8 cr | ₹2.8 cr |
| 35 | Panchratan Steels SME | DRHP filed | 84.4% | ₹2.4 cr | ₹8.1 cr |
| 36 | Laser Technologies SME | DRHP filed | 82.7% | ₹3.8 cr | ₹12.6 cr |
| 37 | Sssmehta Industries SME | DRHP filed | 77% | ₹2.2 cr | ₹6.9 cr |
| 38 | Sai Urja Indo Ventures SME | Closed | 75.7% | ₹1.4 cr | ₹4.2 cr |
| 39 | Access Computech SME | DRHP filed | 70.9% | ₹4 cr | ₹11.7 cr |
| 40 | Suntek Axpress India SME | DRHP filed | 69.2% | ₹3 cr | ₹8.5 cr |
| 41 | K.K. Emulsions SME | DRHP filed | 68.5% | ₹1.6 cr | ₹4.5 cr |
| 42 | ACE Furnaces SME | DRHP filed | 68.2% | ₹3 cr | ₹8.6 cr |
| 43 | Black Opal Consultants SME | Closed | 68.1% | ₹4.3 cr | ₹12.2 cr |
| 44 | FX Multitech SME | Closed | 68.1% | ₹4.2 cr | ₹11.8 cr |
| 45 | Mundada Polychem SME | DRHP filed | 67.6% | ₹1.5 cr | ₹4.1 cr |
| 46 | Peshwa Wheat SME | Closed | 65.9% | ₹5.7 cr | ₹15.8 cr |
| 47 | Skinnovation SME | DRHP filed | 60.6% | ₹6.4 cr | ₹16.6 cr |
| 48 | Ue Press Tools SME | DRHP filed | 60.1% | ₹4.4 cr | ₹11.2 cr |
| 49 | Shivchem Agro SME | Closed | 58.5% | ₹1.3 cr | ₹3.2 cr |
| 50 | Alps Digital Devices SME | DRHP filed | 58.3% | ₹6.6 cr | ₹16.5 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
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