Mainboard IPOs with the fastest revenue growth
Which IPOs grew revenue fastest in the years before the issue, as their offer documents report it?
221 mainboard IPOs newboard has studied give this figure in their offer documents. The median revenue growth a year is 24.9%, and the middle half run from 12.2% to 46.2%. 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 221 are shown. The list moves as studies are added.
| # | Issue | Stage | Revenue growth a year | Revenue, first year | Revenue, latest year |
|---|---|---|---|---|---|
| 1 | Polite Powertech | DRHP filed | 531.4% | ₹24.6 cr | ₹156 cr |
| 2 | Appl Containers | DRHP filed | 290.4% | ₹4.5 cr | ₹69 cr |
| 3 | M. K. Sons Fine Jewels | DRHP filed | 275.5% | ₹24.9 cr | ₹351 cr |
| 4 | Jagatjit Agri Engineering | DRHP filed | 191.1% | ₹48.9 cr | ₹414 cr |
| 5 | Tanvi Exports India | DRHP filed | 188% | ₹138 cr | ₹1,140 cr |
| 6 | Deon Energy | DRHP filed | 167.3% | ₹41.8 cr | ₹299 cr |
| 7 | Shivganga Drillers | DRHP filed | 143% | ₹60 cr | ₹354 cr |
| 8 | Pragyawan Technologies | DRHP filed | 131.1% | ₹67.3 cr | ₹359 cr |
| 9 | Bonbloc Technologies | DRHP filed | 128.4% | ₹19.8 cr | ₹103 cr |
| 10 | Cosmic Pv Power | DRHP filed | 125.8% | ₹48.1 cr | ₹245 cr |
| 11 | Zepto | UDRHP filed | 125.4% | - | - |
| 12 | Rayzon Solar | Lapsed | 120.6% | ₹262 cr | ₹1,273 cr |
| 13 | Arete 22 | DRHP filed | 118.7% | ₹113 cr | ₹538 cr |
| 14 | Punjab Carbonic | DRHP filed | 110.3% | ₹110 cr | ₹488 cr |
| 15 | Allied Engineering Works | DRHP filed | 109.8% | ₹163 cr | ₹717 cr |
| 16 | Sadbhav Futuretech | DRHP filed | 103.4% | ₹73 cr | ₹302 cr |
| 17 | Jsw One Platforms | DRHP filed | 102.7% | ₹1,398 cr | ₹5,743 cr |
| 18 | Learnfluence Education | DRHP filed | 98.6% | ₹32.7 cr | ₹129 cr |
| 19 | Runwal Developers | DRHP filed | 96.3% | ₹302 cr | ₹1,163 cr |
| 20 | Silver Consumer Electricals | DRHP filed | 95.2% | ₹417 cr | ₹1,586 cr |
| 21 | Gaurik Fashions | DRHP filed | 95% | ₹58 cr | ₹220 cr |
| 22 | Pioneer Fil-Med | DRHP filed | 94.7% | ₹86.1 cr | ₹326 cr |
| 23 | Nityas Gems and Jewellery | Live | 94.5% | ₹53.7 cr | ₹203 cr |
| 24 | Credila Financial Services | Lapsed | 86.8% | ₹1,352 cr | ₹4,720 cr |
| 25 | Transline Technologies | DRHP filed | 80.4% | ₹114 cr | ₹371 cr |
| 26 | Kataria Dhulchand Pannalal Jewellers | DRHP filed | 76.8% | ₹153 cr | ₹478 cr |
| 27 | Pentacle Consultants (I) | DRHP filed | 74% | ₹30.3 cr | ₹91.7 cr |
| 28 | Soleos Energy | DRHP filed | 73% | ₹93.9 cr | ₹281 cr |
| 29 | Integrum Energy Infrastructure | DRHP filed | 72.5% | ₹233 cr | ₹694 cr |
| 30 | Associated Power Structures | DRHP filed | 70.9% | ₹417 cr | ₹1,217 cr |
| 31 | Ekkaa Electronics (India) | DRHP filed | 70.7% | ₹0.1 cr | ₹1,222 cr |
| 32 | Foodlink F&B Holdings (India) | Lapsed | 70.2% | ₹130 cr | ₹377 cr |
| 33 | Baanganga Gold & Diamond (I) | DRHP filed | 64% | ₹1,349 cr | ₹3,626 cr |
| 34 | Wog Technologies | DRHP filed | 63.7% | - | - |
| 35 | Grace Renewable Energy | DRHP filed | 62.5% | ₹77.9 cr | ₹206 cr |
| 36 | Vishvaraj Environment | DRHP filed | 62% | - | - |
| 37 | Technopaints And Chemicals | DRHP filed | 60.6% | ₹136 cr | ₹351 cr |
| 38 | Oswal Energies | DRHP filed | 60.2% | ₹160 cr | ₹411 cr |
| 39 | Shreejikrupa Project | DRHP filed | 59.8% | ₹543 cr | ₹1,386 cr |
| 40 | AITMC Ventures | UDRHP filed | 59.7% | ₹41.9 cr | ₹107 cr |
| 41 | Moneyview | Listed | 58% | ₹1,342 cr | ₹3,351 cr |
| 42 | Tablespace Technologies | DRHP filed | 58% | ₹906 cr | ₹2,262 cr |
| 43 | Expression 360 Services India | DRHP filed | 55.8% | ₹116 cr | ₹280 cr |
| 44 | Eldeco Infrastructure And Properties | DRHP filed | 55.4% | ₹288 cr | ₹695 cr |
| 45 | Swastika Infra | Listed | 55% | ₹210 cr | ₹504 cr |
| 46 | Shreni Shares | DRHP filed | 54.5% | ₹12 cr | ₹28.5 cr |
| 47 | Cotec Healthcare | DRHP filed | 52.7% | ₹82.4 cr | ₹192 cr |
| 48 | Tenty | DRHP filed | 50.7% | ₹362 cr | ₹822 cr |
| 49 | Renfra Energy India | DRHP filed | 50.6% | ₹447 cr | ₹1,014 cr |
| 50 | Functional & Innovative Foods | DRHP filed | 50.2% | ₹115 cr | ₹260 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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