IPOs with the fastest revenue growth
Which IPOs grew revenue fastest in the years before the issue, as their offer documents report it?
308 IPOs newboard has studied give this figure in their offer documents. The median revenue growth a year is 25.3%, and the middle half run from 12.4% to 50.3%. Polite Powertech is first, at 531.4% (revenue, first year ₹24.6 cr; revenue, latest year ₹156 cr).
Ranked on 4 Oct 2026; the first 50 of 308 are shown. The list moves as studies are added.
| # | Issue | Board | Stage | Revenue growth a year | Revenue, first year | Revenue, latest year |
|---|---|---|---|---|---|---|
| 1 | Polite Powertech | Mainboard | DRHP filed | 531.4% | ₹24.6 cr | ₹156 cr |
| 2 | Harekrishna Rubber Industries SME | SME | DRHP filed | 353.8% | ₹2.7 cr | ₹56.1 cr |
| 3 | Solitario Lab Grown SME | SME | DRHP filed | 322.9% | ₹6.3 cr | ₹112 cr |
| 4 | Appl Containers | Mainboard | DRHP filed | 290.4% | ₹4.5 cr | ₹69 cr |
| 5 | M. K. Sons Fine Jewels | Mainboard | DRHP filed | 275.5% | ₹24.9 cr | ₹351 cr |
| 6 | Vans Electroengineerings SME | SME | Closed | 196.7% | ₹2.6 cr | ₹22.8 cr |
| 7 | Jagatjit Agri Engineering | Mainboard | DRHP filed | 191.1% | ₹48.9 cr | ₹414 cr |
| 8 | Tanvi Exports India | Mainboard | DRHP filed | 188% | ₹138 cr | ₹1,140 cr |
| 9 | Tgtmc Supply Chain SME | SME | DRHP filed | 181.4% | ₹8.8 cr | ₹69.8 cr |
| 10 | Deon Energy | Mainboard | DRHP filed | 167.3% | ₹41.8 cr | ₹299 cr |
| 11 | Rysa Infratech SME | SME | DRHP filed | 147.1% | ₹18.9 cr | ₹115 cr |
| 12 | Shivganga Drillers | Mainboard | DRHP filed | 143% | ₹60 cr | ₹354 cr |
| 13 | Raj Polypack SME | SME | DRHP filed | 135.3% | ₹14.8 cr | ₹82.2 cr |
| 14 | Marco Secure Solutions SME | SME | DRHP filed | 133.8% | ₹6.1 cr | ₹33.2 cr |
| 15 | Pragyawan Technologies | Mainboard | DRHP filed | 131.1% | ₹67.3 cr | ₹359 cr |
| 16 | Bonbloc Technologies | Mainboard | DRHP filed | 128.4% | ₹19.8 cr | ₹103 cr |
| 17 | Cosmic Pv Power | Mainboard | DRHP filed | 125.8% | ₹48.1 cr | ₹245 cr |
| 18 | Zepto | Mainboard | UDRHP filed | 125.4% | - | - |
| 19 | Rayzon Solar | Mainboard | Lapsed | 120.6% | ₹262 cr | ₹1,273 cr |
| 20 | Arete 22 | Mainboard | DRHP filed | 118.7% | ₹113 cr | ₹538 cr |
| 21 | Shakti Infra Projects SME | SME | DRHP filed | 114.2% | ₹11.9 cr | ₹54.8 cr |
| 22 | Punjab Carbonic | Mainboard | DRHP filed | 110.3% | ₹110 cr | ₹488 cr |
| 23 | Allied Engineering Works | Mainboard | DRHP filed | 109.8% | ₹163 cr | ₹717 cr |
| 24 | Itwings Infosystem SME | SME | DRHP filed | 106.5% | ₹42.1 cr | ₹180 cr |
| 25 | Jaytee Alloys & Components SME | SME | DRHP filed | 104.4% | ₹15.9 cr | ₹66.6 cr |
| 26 | Sadbhav Futuretech | Mainboard | DRHP filed | 103.4% | ₹73 cr | ₹302 cr |
| 27 | R.D.Engineers (India) SME | SME | DRHP filed | 102.9% | ₹15.1 cr | ₹62 cr |
| 28 | Jsw One Platforms | Mainboard | DRHP filed | 102.7% | ₹1,398 cr | ₹5,743 cr |
| 29 | Learnfluence Education | Mainboard | DRHP filed | 98.6% | ₹32.7 cr | ₹129 cr |
| 30 | Runwal Developers | Mainboard | DRHP filed | 96.3% | ₹302 cr | ₹1,163 cr |
| 31 | Silver Consumer Electricals | Mainboard | DRHP filed | 95.2% | ₹417 cr | ₹1,586 cr |
| 32 | Gaurik Fashions | Mainboard | DRHP filed | 95% | ₹58 cr | ₹220 cr |
| 33 | Pioneer Fil-Med | Mainboard | DRHP filed | 94.7% | ₹86.1 cr | ₹326 cr |
| 34 | Nityas Gems and Jewellery | Mainboard | Live | 94.5% | ₹53.7 cr | ₹203 cr |
| 35 | Credila Financial Services | Mainboard | Lapsed | 86.8% | ₹1,352 cr | ₹4,720 cr |
| 36 | Anil Fashions SME | SME | DRHP filed | 84.9% | ₹38.3 cr | ₹131 cr |
| 37 | Liqvd Digital India SME | SME | Closed | 82.7% | ₹18.1 cr | ₹60.2 cr |
| 38 | Transline Technologies | Mainboard | DRHP filed | 80.4% | ₹114 cr | ₹371 cr |
| 39 | Kataria Dhulchand Pannalal Jewellers | Mainboard | DRHP filed | 76.8% | ₹153 cr | ₹478 cr |
| 40 | S. K. Offset SME | SME | Closed | 76% | ₹21.5 cr | ₹66.7 cr |
| 41 | Shivchem Agro SME | SME | Closed | 75.8% | ₹10.9 cr | ₹33.8 cr |
| 42 | Maharaja Polyfab SME | SME | DRHP filed | 74.2% | ₹18.5 cr | ₹56.2 cr |
| 43 | Pentacle Consultants (I) | Mainboard | DRHP filed | 74% | ₹30.3 cr | ₹91.7 cr |
| 44 | Soleos Energy | Mainboard | DRHP filed | 73% | ₹93.9 cr | ₹281 cr |
| 45 | Himalaya Nutravedics India SME | SME | Closed | 72.8% | ₹14.4 cr | ₹43.1 cr |
| 46 | Integrum Energy Infrastructure | Mainboard | DRHP filed | 72.5% | ₹233 cr | ₹694 cr |
| 47 | Associated Power Structures | Mainboard | DRHP filed | 70.9% | ₹417 cr | ₹1,217 cr |
| 48 | TNA Solutions SME | SME | Live | 70.8% | ₹35.9 cr | ₹105 cr |
| 49 | Ekkaa Electronics (India) | Mainboard | DRHP filed | 70.7% | ₹0.1 cr | ₹1,222 cr |
| 50 | Foodlink F&B Holdings (India) | Mainboard | Lapsed | 70.2% | ₹130 cr | ₹377 cr |
How this list is ranked
Revenue growth a year over the record each offer document gives (usually three years), worked out from the restated revenue it prints. A fast rate from a small first year says more about that year than about the business, so the first and latest revenue 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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