SME IPOs by revenue: the largest companies
Which companies coming to the market had the largest revenue in their latest full year?
88 SME IPOs newboard has studied give this figure in their offer documents. The median revenue, latest year is ₹100 cr, and the middle half run from ₹55.8 cr to ₹180 cr. Alps Digital Devices is first, at ₹1,159 cr (revenue growth a year 40.5%).
Ranked on 4 Oct 2026; the first 50 of 88 are shown. The list moves as studies are added.
| # | Issue | Stage | Revenue, latest year | Revenue growth a year |
|---|---|---|---|---|
| 1 | Alps Digital Devices SME | DRHP filed | ₹1,159 cr | 40.5% |
| 2 | Coreintegra Consulting Services SME | Closed | ₹515 cr | 18.6% |
| 3 | Sabari Construction Technologies SME | DRHP filed | ₹471 cr | 61% |
| 4 | Vivekanand Cotspin SME | Closed | ₹408 cr | 6.8% |
| 5 | Green Asia Impex SME | Closed | ₹384 cr | 10% |
| 6 | Steelbuild Infra Projects SME | DRHP filed | ₹340 cr | 46.8% |
| 7 | Dove Soft SME | Live | ₹274 cr | 51.3% |
| 8 | Acme India Industries SME | Live | ₹264 cr | 11.2% |
| 9 | Ideas Electricals & Engineers SME | DRHP filed | ₹258 cr | 23.1% |
| 10 | ISSPL SME | DRHP filed | ₹255 cr | 23.3% |
| 11 | Abacus Lifestyle Brands SME | DRHP filed | ₹252 cr | 13.6% |
| 12 | Vetrivel Explosives SME | DRHP filed | ₹232 cr | -3.8% |
| 13 | Oremet Alloys And Castings SME | DRHP filed | ₹231 cr | -3.6% |
| 14 | Unitec Fibres SME | Closed | ₹224 cr | 4.8% |
| 15 | Peshwa Wheat SME | Closed | ₹216 cr | 56.5% |
| 16 | Watrana Rentals SME | DRHP filed | ₹211 cr | 27.5% |
| 17 | Acme Universal Safezone 9 SME | Closed | ₹206 cr | 7.3% |
| 18 | Shree TNB Polymers SME | Live | ₹198 cr | -2.4% |
| 19 | Suntek Axpress India SME | DRHP filed | ₹182 cr | 7.8% |
| 20 | Skinnovation SME | DRHP filed | ₹182 cr | 23.7% |
| 21 | Kasliwal Projects SME | DRHP filed | ₹181 cr | 31.1% |
| 22 | Laser Technologies SME | DRHP filed | ₹181 cr | 1.7% |
| 23 | Panchratan Steels SME | DRHP filed | ₹180 cr | 10.1% |
| 24 | Itwings Infosystem SME | DRHP filed | ₹180 cr | 106.5% |
| 25 | Himalayan Solar SME | Closed | ₹170 cr | 11% |
| 26 | Pooja Logistics SME | Closed | ₹166 cr | 15.7% |
| 27 | Ue Press Tools SME | DRHP filed | ₹165 cr | 18% |
| 28 | Sbipl Projects SME | DRHP filed | ₹163 cr | -3.3% |
| 29 | Best Engineering Aids & Consultancies SME | DRHP filed | ₹160 cr | 14.1% |
| 30 | Olpad Aqua SME | DRHP filed | ₹158 cr | 52.6% |
| 31 | Aditya Creative Ornaments SME | DRHP filed | ₹157 cr | 64.3% |
| 32 | Anil Fashions SME | DRHP filed | ₹131 cr | 84.9% |
| 33 | FX Multitech SME | Closed | ₹126 cr | 35.7% |
| 34 | Paramount Syntex SME | Live | ₹122 cr | 14.7% |
| 35 | Natraj Energy SME | DRHP filed | ₹120 cr | 7.8% |
| 36 | Rysa Infratech SME | DRHP filed | ₹115 cr | 147.1% |
| 37 | Solitario Lab Grown SME | DRHP filed | ₹112 cr | 322.9% |
| 38 | Access Computech SME | DRHP filed | ₹108 cr | 15.7% |
| 39 | Lalsai Global SME | DRHP filed | ₹108 cr | 27.5% |
| 40 | Alde Medi Impex SME | DRHP filed | ₹105 cr | 33.9% |
| 41 | TNA Solutions SME | Live | ₹105 cr | 70.8% |
| 42 | ACE Furnaces SME | DRHP filed | ₹101 cr | 11.4% |
| 43 | Axiom Gas Engineering SME | Closed | ₹101 cr | 16.3% |
| 44 | Gallant Sports & Infra SME | DRHP filed | ₹100 cr | 28.9% |
| 45 | Eventions SME | Live | ₹99.7 cr | 7.3% |
| 46 | Robokidz Eduventures SME | DRHP filed | ₹93.2 cr | 56.3% |
| 47 | Sai Urja Indo Ventures SME | Closed | ₹85.1 cr | 36.6% |
| 48 | Raj Polypack SME | DRHP filed | ₹82.2 cr | 135.3% |
| 49 | Swid Renewables SME | DRHP filed | ₹79.9 cr | 31.1% |
| 50 | K.K. Emulsions SME | DRHP filed | ₹72.9 cr | 20.2% |
How this list is ranked
Restated revenue from operations for the latest full financial year in each offer document, in ₹ crore. 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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