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Sun, 06 Sept 2026
09:47:51 am
Sun, 06 Sept 2026
09:47:51 am
Synopsis
Upcoming IPOs are set to keep India's primary market busy, with Rentomojo, Karamtara Engineering, Kanohar Electricals and other new issues attracting investor attention.
India's primary market is set for a busy week, with 11 mainboard IPOs scheduled to open between September 7 and September 15, 2026. The companies are looking to raise a combined ₹7,055 crore, with Rentomojo, Karamtara Engineering and Kanohar Electricals among the larger issues.
Of the total amount, around ₹2,722 crore will come through fresh shares, while about ₹4,333 crore will be raised through offers for sale by existing shareholders. The IPOs cover sectors including construction, electrical equipment, chemicals, payments, online rentals and real estate.
Pranav Constructions will be the first issue to open on September 7. Its IPO will remain open until September 9.
Kanohar Electricals, Prasol Chemicals and Glass Wall Systems will open on September 8, while Rentomojo, Manipal Payment and Identity Solutions, Arcil, LCC Projects, Karamtara Engineering and Steamhouse India will open on September 9. Veegaland Developers will open its IPO on September 10.
| Company | IPO size | Price band | Opening date |
|---|---|---|---|
| Pranav Constructions | ₹351 crore | ₹118 to ₹124 | Sep 7 |
| Kanohar Electricals | ₹1,056 crore | ₹601 to ₹632 | Sep 8 |
| Prasol Chemicals | ₹500 crore | ₹643 to ₹676 | Sep 8 |
| Glass Wall Systems | ₹428 crore | ₹172 to ₹182 | Sep 8 |
| Rentomojo | ₹1,256 crore | ₹384 to ₹404 | Sep 9 |
| Manipal Payment and Identity Solutions | ₹805 crore | ₹322 to ₹339 | Sep 9 |
| Arcil | ₹733 crore | ₹132 to ₹139 | Sep 9 |
| LCC Projects | ₹427 crore | ₹139 to ₹146 | Sep 9 |
| Karamtara Engineering | ₹875 crore | ₹241 to ₹254 | Sep 9 |
| Steamhouse India | ₹414 crore | Not specified | Sep 9 |
| Veegaland Developers | ₹210 crore | Not specified | Sep 10 |
Rentomojo is looking to raise around ₹1,256 crore through its IPO. The price band is ₹384 to ₹404 per share, with the issue scheduled from September 9 to September 11.
The issue includes a fresh share sale of ₹150 crore and an offer for sale worth around ₹1,106 crore. Rentomojo operates an online rental and subscription platform for furniture and appliances.
Karamtara Engineering will raise ₹875 crore through its IPO, including a fresh issue of ₹675 crore and an offer for sale of up to ₹200 crore.
The price band has been fixed at ₹241 to ₹254 per share. The company is among the larger manufacturing focused issues in the upcoming IPO calendar.
Kanohar Electricals will launch its ₹1,056 crore IPO on September 8. The price band is ₹601 to ₹632 per share.
The issue includes a ₹300 crore fresh share sale and an offer for sale of about ₹756 crore. The company manufactures transformers used across power transmission, railways, renewable energy and power distribution.
Prasol Chemicals will raise ₹500 crore through its IPO at a price band of ₹643 to ₹676 per share. The issue includes ₹80 crore of fresh shares and an offer for sale of up to ₹420 crore.
Glass Wall Systems India has fixed a price band of ₹172 to ₹182 per share for its ₹428 crore IPO. Both issues will open on September 8.
Manipal Payment and Identity Solutions will raise ₹805 crore, while Arcil plans to raise ₹733 crore through an entirely offer for sale issue. This means Arcil will not receive funds from the IPO itself.
LCC Projects is looking to raise ₹427 crore, while Steamhouse India plans to raise ₹414 crore through a combination of fresh shares and an offer for sale.
Veegaland Developers will raise ₹210 crore entirely through a fresh issue. Its IPO will open on September 10 and close on September 15.
The large number of issues will give investors several new companies to evaluate at the same time. Attention will remain on subscription demand, valuations, the portion of fresh capital going into businesses and the use of IPO proceeds as the September IPO rush continues.
There is no single best IPO for every investor. Rentomojo, Karamtara Engineering and Kanohar Electricals are among the larger issues and should be assessed on valuation, business growth and financial performance.
Rentomojo has attracted attention because of its large issue size and established furniture and appliance rental business. Investors should compare its valuation with its growth and profitability before applying.
The Rentomojo IPO could interest investors looking for exposure to India's rental and subscription market. Its valuation, financial performance and large OFS component are important factors to check.
The Rentomojo IPO price band is ₹384 to ₹404 per share. The issue is scheduled to open on September 9, 2026.
The Rentomojo IPO opens for subscription on September 9, 2026 and is scheduled to close on September 11.
The Rentomojo IPO has a total issue size of around ₹1,255.57 crore, including a fresh issue and an offer for sale.
Rentomojo's long term prospects will depend on rental demand, customer growth, profitability and its ability to scale the business efficiently after listing.
Karamtara Engineering operates in products linked to renewable energy and power transmission. Its IPO could attract investors interested in these sectors, but valuation and financial performance remain important.
The Karamtara Engineering IPO may interest investors looking for exposure to solar mounting structures and transmission products. Investors should assess the company's valuation and financials before applying.
The Karamtara Engineering IPO price band is ₹241 to ₹254 per share.
The Karamtara Engineering IPO opens on September 9, 2026 and closes on September 11.
The Karamtara Engineering IPO is worth around ₹875 crore, comprising a ₹675 crore fresh issue and a ₹200 crore offer for sale.
Karamtara Engineering could benefit from demand linked to renewable energy and power transmission, but long term returns will depend on earnings growth, margins and valuation.
Kanohar Electricals could interest investors because of its transformer manufacturing business and exposure to power transmission and distribution. Valuation and financial performance should be checked before applying.
The Kanohar Electricals IPO may appeal to investors looking for exposure to India's power equipment sector. The company's growth prospects and IPO valuation remain important considerations.
The Kanohar Electricals IPO price band is ₹601 to ₹632 per share.
The Kanohar Electricals IPO opens on September 8, 2026 and closes on September 10.
The Kanohar Electricals IPO is worth around ₹1,056 crore, including a ₹300 crore fresh issue and an offer for sale of about ₹756 crore.
Kanohar Electricals could benefit from demand for transformers and power infrastructure, but long term performance will depend on order growth, margins, execution and valuation.
Rentomojo gives investors exposure to the rental and subscription business, while Karamtara Engineering is focused on renewable energy and power transmission products. The better IPO depends on valuation and investor preference.
Karamtara Engineering has exposure to renewable energy and transmission products, while Kanohar Electricals operates in electrical equipment and transformers. Investors should compare valuations, growth and financial performance.
Rentomojo is a consumer rental platform, while Kanohar Electricals operates in power equipment. They have very different business models, so valuation and risk should be compared rather than looking only at issue size.
Kanohar Electricals, Rentomojo and Karamtara Engineering are among the largest IPOs in the upcoming September 2026 IPO calendar. Their issue sizes are around ₹1,056 crore, ₹1,256 crore and ₹875 crore respectively.
The upcoming week has 11 mainboard IPOs scheduled across several sectors, making it one of the busiest IPO periods of September 2026.
Pranav Constructions is scheduled to be the first among this group to open, with its IPO beginning on September 7, 2026.
Kanohar Electricals, Prasol Chemicals and Glass Wall Systems are scheduled to open their IPOs on September 8, 2026.
Rentomojo, Karamtara Engineering, Manipal Payment and Identity Solutions, Arcil, LCC Projects and Steamhouse India are scheduled to open on September 9, 2026.
The large number of new issues gives investors more choices, but it also means valuations and company fundamentals need to be compared carefully across the IPOs.
Rentomojo has the largest issue size among the highlighted IPOs at around ₹1,255.57 crore, followed by Kanohar Electricals at around ₹1,056 crore.
Karamtara Engineering has a fresh issue of around ₹675 crore, making it one of the largest fresh capital raises in this IPO group.
A large IPO size does not automatically make an IPO good. Investors should check how much money goes to the company, how much is an OFS and how the funds will be used.
OFS means offer for sale, where existing shareholders sell their shares to public investors. The money from an OFS generally goes to the selling shareholders rather than the company.
Yes. Most of the Rentomojo IPO consists of an offer for sale, while the fresh issue is around ₹150 crore.
Yes. Karamtara Engineering's IPO includes a ₹675 crore fresh issue and a ₹200 crore offer for sale.
Yes. Kanohar Electricals has a ₹300 crore fresh issue and an OFS component of around ₹756 crore, meaning most of the issue is an offer for sale.
Listing gains cannot be guaranteed. Investors often track subscription demand, valuation and grey market premium, but these indicators can change quickly and do not guarantee the listing price.
Rentomojo's grey market premium has been reported in current market coverage, but GMP changes frequently and should not be treated as a guaranteed listing gain.
Karamtara Engineering's GMP has been reported by market tracking platforms, but grey market prices are unofficial and can change before listing.
Kanohar Electricals' GMP is being tracked by IPO market platforms, but investors should remember that GMP is unofficial and does not guarantee listing performance.
GMP can indicate unofficial market sentiment, but it should not be the only factor used to assess an IPO. Financial performance, valuation and business prospects are more important for a long term decision.
Rentomojo, Karamtara Engineering and Kanohar Electricals are among the main IPOs to watch because of their issue sizes and investor interest during the September primary market rush.
Pranav Constructions is among the first IPOs opening in the September rush. Investors should examine its construction business, financial performance and valuation before deciding whether the IPO is suitable.
Prasol Chemicals could attract investors interested in specialty chemicals, but its valuation, financial results and use of IPO proceeds should be reviewed before applying.
Glass Wall Systems is among the IPOs opening during the September primary market rush. Investors should compare its valuation and financial performance with other companies in the building products sector.
Manipal Payment and Identity Solutions could interest investors looking for exposure to payment and identity solutions. The IPO should be assessed on valuation, financial performance and growth prospects.
Arcil's IPO is entirely an offer for sale, so the company itself will not receive the IPO proceeds. Investors should consider this structure along with the company's valuation and financial performance.
LCC Projects is among the mainboard IPOs opening in September 2026. Investors should assess its business growth, profitability, valuation and IPO structure before applying.
Steamhouse India is raising capital through a combination of fresh shares and an offer for sale. Investors should examine its financial performance and planned use of fresh capital before applying.
Veegaland Developers is raising the IPO proceeds entirely through a fresh issue. Investors should assess its real estate development business, financial performance and valuation before applying.
No. A high GMP does not guarantee listing gains or long term returns. Investors should also consider valuation, financial results, business risks and the IPO structure.
Some IPOs can become strong long term investments, but the outcome depends on the individual company's business, valuation, earnings growth and execution. There is no guarantee that a new listing will outperform
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