SME IPOs with the highest EBITDA margins

Which companies coming to the market kept the most of each rupee of revenue as operating profit?

88 SME IPOs newboard has studied give this figure in their offer documents. The median EBITDA margin, latest year is 15.7%, and the middle half run from 11.5% to 21.6%. Brooks Restaurant and Banquets is first, at 49.5% (revenue, latest year ₹19 cr).

Ranked on 4 Oct 2026; the first 50 of 88 are shown. The list moves as studies are added.

#IssueStageEBITDA margin, latest yearRevenue, latest year
1Brooks Restaurant and Banquets SMEDRHP filed49.5%₹19 cr
2Black Opal Consultants SMEClosed40.6%₹42 cr
3Maharaja Polyfab SMEDRHP filed35.8%₹56.2 cr
4Everestims Technologies SMELive35.4%₹65.1 cr
5Kritilabs Technologies SMEDRHP filed35.3%₹67.1 cr
6Marco Secure Solutions SMEDRHP filed33.5%₹33.2 cr
7Vans Electroengineerings SMEClosed31.6%₹22.8 cr
8Omara Ventures India SMELive31.4%₹45.9 cr
9SJP Ultrasonics SMELive31%₹26.6 cr
10Watrana Rentals SMEDRHP filed30.8%₹211 cr
11Madhavaa Crafts SMEDRHP filed30.3%₹13.6 cr
12Shree Balajee Tapes And Packaging SMEDRHP filed28%₹14 cr
13Geeta Glasses (India) SMEDRHP filed26.4%₹40.1 cr
14Papadmalji Agro Foods SMEClosed25.2%₹33.5 cr
15Sbipl Projects SMEDRHP filed24.9%₹163 cr
16S.R.G. Narrow Fab SMEDRHP filed24.8%₹60 cr
17Swid Renewables SMEDRHP filed24.4%₹79.9 cr
18Clastek Engineering SMEDRHP filed24.3%₹69.1 cr
19R.K. Fashion Accessories SMEUpcoming24.2%₹30.4 cr
20Carnet Books SMEDRHP filed23.6%₹14.8 cr
21R.D.Engineers (India) SMEDRHP filed22.5%₹62 cr
22Shakti Infra Projects SMEDRHP filed22.5%₹54.8 cr
23S. K. Offset SMEClosed21.3%₹66.7 cr
24Sabari Construction Technologies SMEDRHP filed20.6%₹471 cr
25Itwings Infosystem SMEDRHP filed20%₹180 cr
26Roopa Screen SMEClosed19.7%₹50.7 cr
27Paramount Syntex SMELive19.3%₹122 cr
28Access Computech SMEDRHP filed19%₹108 cr
29Himalaya Nutravedics India SMEClosed18.8%₹43.1 cr
30Liqvd Digital India SMEClosed18.7%₹60.2 cr
31Alde Medi Impex SMEDRHP filed18.2%₹105 cr
32Sollfege Smart Electronics SMELive18%₹22.2 cr
33Robokidz Eduventures SMEDRHP filed17.8%₹93.2 cr
34Shivchem Agro SMEClosed17.7%₹33.8 cr
35Harekrishna Rubber Industries SMEDRHP filed17.6%₹56.1 cr
36Bench Mark Infotech Services SMEDRHP filed17.5%₹60.5 cr
37Sssmehta Industries SMEDRHP filed17.4%₹58.8 cr
38Jaytee Alloys & Components SMEDRHP filed17.3%₹66.6 cr
39Himalayan Solar SMEClosed17.1%₹170 cr
40Ue Press Tools SMEDRHP filed16.6%₹165 cr
41Pooja Logistics SMEClosed16.5%₹166 cr
42Vetrivel Explosives SMEDRHP filed16.4%₹232 cr
43Pind Hospitality SMEClosed16.1%₹24.5 cr
44Nexa Defence (I) SMEDRHP filed15.9%₹53.2 cr
45Axiom Gas Engineering SMEClosed15.4%₹101 cr
46FX Multitech SMEClosed15.4%₹126 cr
47Acme India Industries SMELive15.1%₹264 cr
48Solitario Lab Grown SMEDRHP filed15.1%₹112 cr
49Best Engineering Aids & Consultancies SMEDRHP filed14.7%₹160 cr
50Kasliwal Projects SMEDRHP filed14.7%₹181 cr

How this list is ranked

EBITDA (profit before interest, tax, depreciation and amortisation) as a share of revenue from operations for the latest full year, as each offer document states it in its key performance indicators. Margins differ by industry, so a list mixes very different businesses. 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.

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