Mainboard IPOs where sellers take the largest share
In which IPOs does the largest share of the money raised go to shareholders selling, not to the company?
51 mainboard IPOs newboard has studied give this figure in their offer documents. The median offer for sale, share of the issue is 35%, and the middle half run from 20% to 50%. Eaaa India Alternatives is first, at 100% (offer for sale ₹1,500 cr; fresh issue ₹0 cr).
Ranked on 4 Oct 2026; the first 50 of 51 are shown. The list moves as studies are added.
| # | Issue | Stage | Offer for sale, share of the issue | Offer for sale | Fresh issue |
|---|---|---|---|---|---|
| 1 | Eaaa India Alternatives | DRHP filed | 100% | ₹1,500 cr | ₹0 cr |
| 2 | Encube Ethicals | DRHP filed | 100% | ₹3,000 cr | ₹0 cr |
| 3 | Playsimple Games | DRHP filed | 100% | ₹3,150 cr | ₹0 cr |
| 4 | Commtel Networks | DRHP filed | 83.3% | ₹750 cr | ₹150 cr |
| 5 | Avaada Electro | UDRHP filed | 78.9% | ₹6,000 cr | ₹1,600 cr |
| 6 | Paras Healthcare | DRHP filed | 72.2% | ₹1,300 cr | ₹500 cr |
| 7 | Imagine Marketing | UDRHP filed | 66.7% | ₹1,000 cr | ₹500 cr |
| 8 | Eldorado Agritech | DRHP filed | 66% | ₹660 cr | ₹340 cr |
| 9 | AGS Health | UDRHP filed | 62.5% | ₹3,000 cr | ₹1,800 cr |
| 10 | Jsw One Platforms | DRHP filed | 57.4% | ₹1,754 cr | ₹1,300 cr |
| 11 | Varmora Granito | Listed | 54.8% | ₹388 cr | ₹320 cr |
| 12 | G. Surgiwear | DRHP filed | 50% | ₹370 cr | ₹370 cr |
| 13 | Pioneer Fil-Med | DRHP filed | 50% | ₹250 cr | ₹250 cr |
| 14 | Sathya Agencies | DRHP filed | 50% | ₹300 cr | ₹300 cr |
| 15 | Svatantra Microfin | DRHP filed | 50% | ₹1,500 cr | ₹1,500 cr |
| 16 | Swara Baby Products | DRHP filed | 50% | ₹500 cr | ₹500 cr |
| 17 | Truhome Finance | DRHP filed | 50% | ₹1,500 cr | ₹1,500 cr |
| 18 | Ukb Electronics | DRHP filed | 50% | ₹400 cr | ₹400 cr |
| 19 | Anarock Property Consultants | DRHP filed | 45% | ₹450 cr | ₹550 cr |
| 20 | Vishvaraj Environment | DRHP filed | 44.4% | ₹1,000 cr | ₹1,250 cr |
| 21 | Rkcpl | DRHP filed | 44% | ₹550 cr | ₹700 cr |
| 22 | Orient Cables (India) | Closed | 42% | ₹232 cr | ₹320 cr |
| 23 | Credila Financial Services | Lapsed | 40% | ₹2,000 cr | ₹3,000 cr |
| 24 | SS Retail | Listed | 40% | ₹200 cr | ₹300 cr |
| 25 | Lalbaba Engineering | DRHP filed | 37% | ₹370 cr | ₹630 cr |
| 26 | Technopaints And Chemicals | DRHP filed | 35% | ₹175 cr | ₹325 cr |
| 27 | Hero Motors | Listed | 33.3% | ₹400 cr | ₹800 cr |
| 28 | Neolite Zkw Lightings | DRHP filed | 33.3% | ₹200 cr | ₹400 cr |
| 29 | Sify Infinit Spaces | DRHP filed | 32.4% | ₹1,200 cr | ₹2,500 cr |
| 30 | AceVector | Closed | 31.7% | ₹133 cr | ₹287 cr |
| 31 | Moneyview | Listed | 31.3% | ₹342 cr | ₹750 cr |
| 32 | Silver Consumer Electricals | DRHP filed | 28.6% | ₹400 cr | ₹1,000 cr |
| 33 | Ekkaa Electronics (India) | DRHP filed | 27.6% | ₹200 cr | ₹525 cr |
| 34 | Milestone Gears | DRHP filed | 27.3% | ₹300 cr | ₹800 cr |
| 35 | Baanganga Gold & Diamond (I) | DRHP filed | 25% | ₹180 cr | ₹540 cr |
| 36 | Hi Tech Flow Solutions | DRHP filed | 25% | ₹100 cr | ₹300 cr |
| 37 | Chartered Speed | DRHP filed | 23.4% | ₹200 cr | ₹655 cr |
| 38 | Swastika Infra | Listed | 20.1% | ₹32.4 cr | ₹129 cr |
| 39 | Bssponge | DRHP filed | 20% | ₹200 cr | ₹800 cr |
| 40 | Eldeco Infrastructure And Properties | DRHP filed | 20% | ₹200 cr | ₹800 cr |
| 41 | Vishal Nirmiti | Live | 18.5% | ₹33 cr | ₹145 cr |
| 42 | Sael Industries | DRHP filed | 18% | ₹825 cr | ₹3,750 cr |
| 43 | Shreejikrupa Project | DRHP filed | 18% | ₹90 cr | ₹410 cr |
| 44 | Kay Jay Forgings | DRHP filed | 16.7% | ₹60 cr | ₹300 cr |
| 45 | Cosmic Pv Power | DRHP filed | 15.6% | ₹100 cr | ₹540 cr |
| 46 | Royal Chain | DRHP filed | 15% | ₹150 cr | ₹850 cr |
| 47 | Runwal Developers | DRHP filed | 15% | ₹300 cr | ₹1,700 cr |
| 48 | A-One Steels India | Listed | 12.3% | ₹50 cr | ₹355 cr |
| 49 | Adroit Industries (India) | Listed | 12% | ₹18.1 cr | ₹133 cr |
| 50 | German Green Steel and Power | Closed | 4.6% | ₹13.9 cr | ₹290 cr |
How this list is ranked
The offer for sale (money to the shareholders selling) as a share of the offer for sale and the fresh issue (money to the company) together, in rupees at the upper band, as each study states them. Who is selling, and how many shares, is in each issue's study. 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: the issue
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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.
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