SME IPOs where promoters keep the most after the issue

In which IPOs do the promoters hold the largest share of the company after the issue?

83 SME IPOs newboard has studied give this figure in their offer documents. The median promoter holding after the issue is 65.7%, and the middle half run from 59.5% to 70.6%. Swid Renewables is first, at 100%.

Ranked on 4 Oct 2026; the first 50 of 83 are shown. The list moves as studies are added.

#IssueStagePromoter holding after the issueOffer for sale, share of the issue
1Swid Renewables SMEDRHP filed100%-
2Harekrishna Rubber Industries SMEDRHP filed76.6%-
3Maharaja Polyfab SMEDRHP filed76.6%-
4Kasliwal Projects SMEDRHP filed73.6%-
5Steelbuild Infra Projects SMEDRHP filed73.6%-
6Ue Press Tools SMEDRHP filed73.6%-
7ACE Furnaces SMEDRHP filed73.3%-
8Skinnovation SMEDRHP filed73.3%-
9Suntek Axpress India SMEDRHP filed73.3%-
10Bench Mark Infotech Services SMEDRHP filed73%11.8%
11Eventions SMELive73%0%
12Vivekanand Cotspin SMEClosed73%-
13Alps Digital Devices SMEDRHP filed72.8%-
14K.K. Emulsions SMEDRHP filed72.5%-
15Vetrivel Explosives SMEDRHP filed72.4%-
16Access Computech SMEDRHP filed72.3%-
17Shree Balajee Tapes And Packaging SMEDRHP filed72.3%-
18Abacus Lifestyle Brands SMEDRHP filed72.2%-
19R.K. Fashion Accessories SMEUpcoming72.2%0%
20Axiom Gas Engineering SMEClosed72.1%0%
21Ideas Electricals & Engineers SMEDRHP filed71%-
22ISSPL SMEDRHP filed70.2%-
23Himalayan Solar SMEClosed70.1%10.9%
24Watrana Rentals SMEDRHP filed70%-
25Black Opal Consultants SMEClosed69.8%-
26Jaytee Alloys & Components SMEDRHP filed69.7%-
27Acme Universal Safezone 9 SMEClosed69.6%0%
28Itwings Infosystem SMEDRHP filed69.2%-
29Sbipl Projects SMEDRHP filed69.1%-
30Omara Ventures India SMELive68.4%-
31Aditya Creative Ornaments SMEDRHP filed68.1%-
32Best Engineering Aids & Consultancies SMEDRHP filed68%-
33Marco Secure Solutions SMEDRHP filed67.9%-
34Brooks Restaurant and Banquets SMEDRHP filed67.4%-
35Madhavaa Crafts SMEDRHP filed67.1%-
36Unitec Fibres SMEClosed67.1%0%
37Laser Technologies SMEDRHP filed66.6%-
38Oremet Alloys And Castings SMEDRHP filed66.6%-
39FX Multitech SMEClosed66.5%-
40Geeta Glasses (India) SMEDRHP filed66.5%-
41S. K. Offset SMEClosed65.9%0%
42Sai Urja Indo Ventures SMEClosed65.7%17.2%
43Dudani Retail SMEClosed65%0%
44Tgtmc Supply Chain SMEDRHP filed65%-
45Green Asia Impex SMEClosed64.9%11.6%
46Acme India Industries SMELive64.5%-
47Pooja Logistics SMEClosed64.1%0%
48Nexa Defence (I) SMEDRHP filed63.9%-
49LGC Engineering SMEDRHP filed63.8%-
50Natraj Energy SMEDRHP filed63.6%-

How this list is ranked

The promoters' (and, where the study states it so, the promoter group's) share of the company after the issue, from the shareholding the offer document gives before and after. 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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