Upcoming IPOs This Week: Rentomojo, Kanohar Electricals Among 11 Mainboard Issues To Open

The coming week, starting September 7, is set to be one of the busiest periods for India's primary market this year, with 11 mainboard IPOs scheduled to open for subscription. Four small and medium enterprise (SME) issues will also hit the market, while three mainboard companies and six SME firms are set to make their stock market debuts.

Why The Rush

Indian markets started the year on a weak note as geopolitical tensions hurt investor sentiment and led several companies to delay their initial public offer (IPO) plans. To give issuers more time, market regulator Securities and Exchange Board of India (Sebi) allowed IPO approvals set to expire between April 1 and September 30, 2026, to remain valid until September 30. This meant companies could launch their IPOs without seeking fresh regulatory approval. With the deadline now approaching, issuers and investment bankers are rushing to launch their public issues, leading to an unusually crowded IPO calendar this week.

Upcoming IPOs: Mainboard Issues To Open This Week

Here are the mainboard IPOs that will be opening this week.

Pranav Constructions

Pranav Constructions' Rs 351.03 crore IPO opens September 7 and closes September 9. The issue comprises a Rs 315.60 crore fresh issue and Rs 35.43 crore offer for sale. The price band is Rs 118-124, with a 120-share lot size. Minimum investment at the upper band is Rs 14,880. Listing is scheduled for September 15.

Glass Wall Systems

Glass Wall Systems' Rs 427.89 crore IPO opens September 8 and closes September 10. It includes a Rs 60 crore fresh issue and Rs 367.89 crore offer for sale. The price band is Rs 172-182, with a lot size of 82 shares. Minimum investment is Rs 14,924. Listing is scheduled for September 16.

Prasol Chemicals

Prasol Chemicals will launch its Rs 500 crore IPO on September 8. The issue closes September 10 and comprises a Rs 80 crore fresh issue and Rs 420 crore offer for sale. The price band is Rs 643-676, with a 22-share lot. Minimum investment is Rs 14,872. Listing is scheduled for September 16.

Kanohar Electricals

Kanohar Electricals' Rs 1,055.74 crore IPO opens September 8 and closes September 10. It comprises a Rs 300 crore fresh issue and Rs 755.74 crore offer for sale. The price band is Rs 601-632, with a lot size of 23 shares. Minimum investment is Rs 14,536. Listing is scheduled for September 16.

Karamtara Engineering

Karamtara Engineering's Rs 875 crore IPO opens September 9 and closes September 11. The issue consists of a Rs 675 crore fresh issue and Rs 200 crore offer for sale. The price band is Rs 241-254, with a 59-share lot. Minimum investment is Rs 14,986. Listing is scheduled for September 17.

LCC Projects

LCC Projects will open its Rs 427.14 crore IPO on September 9. The issue closes September 11 and comprises a Rs 258 crore fresh issue and Rs 169.14 crore offer for sale. The price band is Rs 139-146, with a 102-share lot. Minimum investment is Rs 14,892. Listing is scheduled for September 17.

Steamhouse

Steamhouse's Rs 414 crore IPO opens September 9 and closes September 11. The issue includes a Rs 353 crore fresh issue and Rs 61 crore offer for sale. The price band is yet to be announced. Listing is scheduled for September 17.

Manipal Payment & Identity Solutions

Manipal Payment & Identity Solutions will launch its Rs 805 crore IPO on September 9. The issue closes September 11 and comprises a Rs 320 crore fresh issue and Rs 485 crore offer for sale. The price band is Rs 322-339, with a 44-share lot. Minimum investment is Rs 14,916. Listing is scheduled for September 17.

Asset Reconstruction

Asset Reconstruction's Rs 732.97 crore IPO opens September 9 and closes September 11. The issue is entirely an offer for sale of 5.27 crore shares. The price band is Rs 132-139, with a 107-share lot. Minimum investment is Rs 14,873. Listing is scheduled for September 17.

Rentomojo

Rentomojo's Rs 1,255.57 crore IPO opens September 9 and closes September 11. The issue comprises a Rs 150 crore fresh issue and Rs 1,105.57 crore offer for sale. The price band is Rs 384-404, with a 37-share lot. Minimum investment is Rs 14,948. Listing is scheduled for September 17.

Veegaland Developers

Veegaland Developers will open its Rs 210 crore IPO on September 10 and close it on September 15. The issue is entirely a fresh issue of 1.50 crore shares. The price band is Rs 130-140, with a 107-share lot. Minimum investment is Rs 14,980. Listing is scheduled for September 18.

Manika Plastech

Manika Plastech's IPO opens September 11 and closes September 16. It comprises a Rs 92.50 crore fresh issue and an offer for sale of 76.74 lakh shares. The issue size and price band are yet to be announced. Listing is scheduled for September 21.

Mainboard Listings To Watch

Three mainboard IPOs that opened last week will list on the bourses this week.

Purple Style Labs

Purple Style Labs will list on September 7 after its Rs 680 crore IPO was subscribed 1.36 times. The latest grey market premium indicates a listing price of around Rs 565 against the Rs 575 upper issue price, indicating a discounted listing.

Rays of Belief

Rays of Belief will list on September 8 after its Rs 125 crore IPO was subscribed 107.71 times. Its latest GMP of Rs 11 indicates an estimated listing price of Rs 250 against the Rs 239 upper issue price, implying a gain of around 4.6 per cent.

Deepa Jewellers

Deepa Jewellers will list on September 8 after its Rs 459.72 crore IPO was subscribed 43.40 times. Its latest GMP of Rs 19 suggests an estimated listing price of Rs 196 against the Rs 177 upper issue price, implying a gain of around 10.73 per cent.

SME IPOs To Open

Four SME IPOs will open this week. Apna Logistics will open on September 7, followed by Amtech Esters, Vinod Texworld and Infrax Renewable on September 9. Qualiance International's SME IPO, which opened on September 4, will remain open until September 8.

SME IPOs To List

Seven SME companies are set to list this week, including Phychem Technologies, Shanti Inorganics, Ashutosh Fibre, Farm Peace, Fly-Hi Maritime Travel and Qualiance International.