SME IPOs with no offer for sale

Which IPOs raise money only for the company, with no shareholder selling?

18 SME IPOs newboard has studied give this figure in their offer documents. The median fresh issue is ₹33.2 cr, and the middle half run from ₹21.9 cr to ₹37.5 cr. Peshwa Wheat is first, at ₹53.5 cr (promoter holding after the issue 52.4%).

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

#IssueStageFresh issuePromoter holding after the issue
1Peshwa Wheat SMEClosed₹53.5 cr52.4%
2Axiom Gas Engineering SMEClosed₹50.7 cr72.1%
3Pooja Logistics SMEClosed₹44.2 cr64.1%
4Eventions SMELive₹38.1 cr73%
5TNA Solutions SMELive₹37.9 cr50.4%
6Panchratan Steels SMEDRHP filed₹36.1 cr63.6%
7Acme Universal Safezone 9 SMEClosed₹35.9 cr69.6%
8R.K. Fashion Accessories SMEUpcoming₹35 cr72.2%
9Unitec Fibres SMEClosed₹34.5 cr67.1%
10Shree TNB Polymers SMELive₹31.8 cr22.3%
11S. K. Offset SMEClosed₹29.1 cr65.9%
12SJP Ultrasonics SMELive₹23.5 cr58%
13Coreintegra Consulting Services SMEClosed₹22 cr47.2%
14Sollfege Smart Electronics SMELive₹21.8 cr60.3%
15Roopa Screen SMEClosed₹19.2 cr62.1%
16Shivchem Agro SMEClosed₹14 cr63.1%
17Carnet Books SMEDRHP filed₹13.3 cr52.5%
18Dudani Retail SMEClosed₹10.5 cr65%

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

Every IPO list

The day's IPOs each morning, and allotment the minute it is out, on Telegram

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.

Free, no account, leave in one tap.

The week ahead, every Sunday, by email

Every IPO opening in the coming week, with what its offer document says. One email a week; leave in one click.

Your address is used for these emails only. See the privacy notice.