IPOs with no offer for sale
Which IPOs raise money only for the company, with no shareholder selling?
42 IPOs newboard has studied give this figure in their offer documents. The median fresh issue is ₹150 cr, and the middle half run from ₹35.2 cr to ₹500 cr. Oravel Stays is first, at ₹6,650 cr.
Ranked on 4 Oct 2026. The list moves as studies are added.
| # | Issue | Board | Stage | Fresh issue | Promoter holding after the issue |
|---|---|---|---|---|---|
| 1 | Oravel Stays | Mainboard | UDRHP filed | ₹6,650 cr | - |
| 2 | Sembcorp Green Infra | Mainboard | DRHP filed | ₹3,750 cr | - |
| 3 | Muthoot Fincorp | Mainboard | DRHP filed | ₹3,000 cr | - |
| 4 | Executive Centre India | Mainboard | DRHP filed | ₹2,600 cr | - |
| 5 | Elevate Campuses | Mainboard | Listed | ₹2,100 cr | 65.6% |
| 6 | Rayzon Solar | Mainboard | Lapsed | ₹1,500 cr | - |
| 7 | Dhariwal Buildtech | Mainboard | DRHP filed | ₹950 cr | - |
| 8 | Virupaksha Organics | Mainboard | DRHP filed | ₹740 cr | 49.6% |
| 9 | Everbrands India | Mainboard | DRHP filed | ₹600 cr | - |
| 10 | Tmc Transformers India | Mainboard | DRHP filed | ₹550 cr | 84.1% |
| 11 | Runwal Enterprises | Mainboard | Closed | ₹500 cr | 84.5% |
| 12 | Supreet Chemicals | Mainboard | DRHP filed | ₹499 cr | 75.6% |
| 13 | Arete 22 | Mainboard | DRHP filed | ₹440 cr | - |
| 14 | Shivganga Drillers | Mainboard | DRHP filed | ₹400 cr | - |
| 15 | ArMee Infotech | Mainboard | Listed | ₹300 cr | - |
| 16 | Medicap Healthcare | Mainboard | DRHP filed | ₹240 cr | - |
| 17 | Srit India | Mainboard | Closed | ₹218 cr | 62.6% |
| 18 | Arjun Jewellers | Mainboard | DRHP filed | ₹200 cr | - |
| 19 | Bombay Coated And Special Steels | Mainboard | DRHP filed | ₹191 cr | - |
| 20 | Pioneer Fabricators | Mainboard | DRHP filed | ₹190 cr | - |
| 21 | Deon Energy | Mainboard | DRHP filed | ₹150 cr | - |
| 22 | Laxyo | Mainboard | DRHP filed | ₹150 cr | - |
| 23 | Nityas Gems and Jewellery | Mainboard | Live | ₹108 cr | 43.5% |
| 24 | Shah Investor's Home | Mainboard | Closed | ₹90.2 cr | 45.4% |
| 25 | Peshwa Wheat SME | SME | Closed | ₹53.5 cr | 52.4% |
| 26 | Axiom Gas Engineering SME | SME | Closed | ₹50.7 cr | 72.1% |
| 27 | Pooja Logistics SME | SME | Closed | ₹44.2 cr | 64.1% |
| 28 | Eventions SME | SME | Live | ₹38.1 cr | 73% |
| 29 | TNA Solutions SME | SME | Live | ₹37.9 cr | 50.4% |
| 30 | Panchratan Steels SME | SME | DRHP filed | ₹36.1 cr | 63.6% |
| 31 | Acme Universal Safezone 9 SME | SME | Closed | ₹35.9 cr | 69.6% |
| 32 | R.K. Fashion Accessories SME | SME | Upcoming | ₹35 cr | 72.2% |
| 33 | Unitec Fibres SME | SME | Closed | ₹34.5 cr | 67.1% |
| 34 | Shree TNB Polymers SME | SME | Live | ₹31.8 cr | 22.3% |
| 35 | S. K. Offset SME | SME | Closed | ₹29.1 cr | 65.9% |
| 36 | SJP Ultrasonics SME | SME | Live | ₹23.5 cr | 58% |
| 37 | Coreintegra Consulting Services SME | SME | Closed | ₹22 cr | 47.2% |
| 38 | Sollfege Smart Electronics SME | SME | Live | ₹21.8 cr | 60.3% |
| 39 | Roopa Screen SME | SME | Closed | ₹19.2 cr | 62.1% |
| 40 | Shivchem Agro SME | SME | Closed | ₹14 cr | 63.1% |
| 41 | Carnet Books SME | SME | DRHP filed | ₹13.3 cr | 52.5% |
| 42 | Dudani Retail SME | SME | Closed | ₹10.5 cr | 65% |
How this list is ranked
Issues whose offer document has no offer for sale: every rupee raised is a fresh issue of shares, paid to the company for the objects it states. Ranked by the size of the fresh issue at the upper band. 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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