Mainboard IPOs with the highest P/E at the price band

Which IPOs came at the highest price against their latest year's profit?

14 mainboard IPOs newboard has studied give this figure in their offer documents. The median P/E at the upper band is 24.4×, and the middle half run from 20.3× to 26.7×. Orient Cables (India) is first, at 57.8× (peer median P/E 47.8×; profit growth a year 15.6%).

Ranked on 4 Oct 2026. The list moves as studies are added.

#	Issue	Stage	P/E at the upper band	Peer median P/E	Profit growth a year
1	Orient Cables (India)	Closed	57.8×	47.8×	15.6%
2	Varmora Granito	Listed	53.9×	44×	10.7%
3	Elevate Campuses	Listed	35.1×	-	17%
4	Shah Investor's Home	Closed	26.8×	16.3×	-14.2%
5	ArMee Infotech	Listed	26.2×	14.6×	-4.8%
6	A-One Steels India	Listed	24.7×	45.8×	80.9%
7	Moneyview	Listed	24.7×	33.7×	19.1%
8	Runwal Enterprises	Closed	24.1×	33.4×	40.8%
9	Vishal Nirmiti	Live	23.2×	14.3×	169.2%
10	Adroit Industries (India)	Listed	23×	13×	34.2%
11	Nityas Gems and Jewellery	Live	19.4×	18.6×	135.5%
12	Srit India	Closed	19.3×	18.6×	22%
13	Swastika Infra	Listed	15.2×	12.4×	72.1%
14	German Green Steel and Power	Closed	13.1×	22.5×	38.5%

How this list is ranked

P/E at the upper end of the price band: market capitalisation after the issue over the latest full year's profit after tax, from each offer document. A high P/E can reflect a small latest-year profit as much as a high price; profit growth is 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.

Every issue, with other conditions added, in the screener

More lists: the price

Every IPO list

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.

Get IPO alerts on Telegramt.me/newboardin