IPOs with the lowest P/E at the price band

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

36 IPOs newboard has studied give this figure in their offer documents. The median P/E at the upper band is 18.4×, and the middle half run from 14.8× to 23.4×. Roopa Screen (SME) is first, at 10.9× (peer median P/E 50.5×; market cap ₹70.8 cr).

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

#	Issue	Board	Stage	P/E at the upper band	Peer median P/E	Market cap
1	Roopa Screen SME	SME	Closed	10.9×	50.5×	₹70.8 cr
2	Himalayan Solar SME	SME	Closed	11×	8.3×	₹228 cr
3	Peshwa Wheat SME	SME	Closed	12.2×	27×	₹192 cr
4	Green Asia Impex SME	SME	Closed	12.3×	17.2×	₹192 cr
5	S. K. Offset SME	SME	Closed	12.9×	-	₹96.8 cr
6	Papadmalji Agro Foods SME	SME	Closed	13×	-	₹67.6 cr
7	German Green Steel and Power	Mainboard	Closed	13.1×	22.5×	₹1,047 cr
8	Pooja Logistics SME	SME	Closed	13.3×	9.4×	₹164 cr
9	Shivchem Agro SME	SME	Closed	14.4×	21.5×	₹46.7 cr
10	TNA Solutions SME	SME	Live	14.9×	39.6×	₹143 cr
11	Swastika Infra	Mainboard	Listed	15.2×	12.4×	₹632 cr
12	Bench Mark Infotech Services SME	SME	DRHP filed	15.4×	26.6×	₹157 cr
13	Dudani Retail SME	SME	Closed	15.8×	23.7×	₹30.1 cr
14	Shree TNB Polymers SME	SME	Live	15.9×	15.7×	₹113 cr
15	SJP Ultrasonics SME	SME	Live	16.5×	-	₹86.7 cr
16	Unitec Fibres SME	SME	Closed	16.7×	54.1×	₹127 cr
17	Liqvd Digital India SME	SME	Closed	17.7×	11.6×	₹120 cr
18	Coreintegra Consulting Services SME	SME	Closed	18.1×	18.9×	₹81.8 cr
19	Eventions SME	SME	Live	18.6×	16.7×	₹144 cr
20	Srit India	Mainboard	Closed	19.3×	18.6×	₹836 cr
21	Nityas Gems and Jewellery	Mainboard	Live	19.4×	18.6×	₹432 cr
22	Axiom Gas Engineering SME	SME	Closed	20.2×	39.8×	₹191 cr
23	R.K. Fashion Accessories SME	SME	Upcoming	20.2×	44.3×	₹127 cr
24	Sai Urja Indo Ventures SME	SME	Closed	20.4×	11.3×	₹86.3 cr
25	Adroit Industries (India)	Mainboard	Listed	23×	13×	₹600 cr
26	Acme Universal Safezone 9 SME	SME	Closed	23.1×	40.8×	₹136 cr
27	Vishal Nirmiti	Mainboard	Live	23.2×	14.3×	₹581 cr
28	Runwal Enterprises	Mainboard	Closed	24.1×	33.4×	₹4,468 cr
29	A-One Steels India	Mainboard	Listed	24.7×	45.8×	₹3,128 cr
30	Moneyview	Mainboard	Listed	24.7×	33.7×	₹5,985 cr
31	Sollfege Smart Electronics SME	SME	Live	25.1×	-	₹55 cr
32	ArMee Infotech	Mainboard	Listed	26.2×	14.6×	₹1,190 cr
33	Shah Investor's Home	Mainboard	Closed	26.8×	16.3×	₹353 cr
34	Elevate Campuses	Mainboard	Listed	35.1×	-	₹6,101 cr
35	Varmora Granito	Mainboard	Listed	53.9×	44×	₹3,345 cr
36	Orient Cables (India)	Mainboard	Closed	57.8×	47.8×	₹3,095 cr

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. Loss-making issues have no P/E and are left out. A low P/E is arithmetic, not a finding about the price: the latest year's profit may be unusually high, and peers may not run the same business. 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

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