Upcoming IPO Surge: 11 Companies Set to Raise Rs 7,055 Crore from Investors
India’s primary market is set for a bustling week, with 11 main-board IPOs aiming to raise a total of Rs 7,055 crore from September 7 to September 15. The upcoming offerings span various sectors, including real estate, engineering, manufacturing, specialty chemicals, payments, identity solutions, and online rentals. Notable participants include Rentomojo, Karamtara Engineering, and Kanohar Electricals. Most IPOs are scheduled to open on Tuesday and Wednesday, starting with Pranav Constructions on September 7.
The Rs 7,055 crore fundraising will primarily consist of stake sales by existing shareholders, with fresh capital accounting for Rs 2,722 crore, or 39% of the total. Rajkumar Rathi, Chief Investment Officer at YES Securities, noted that this trend reflects a strong desire to secure early-stage growth equity in companies with market caps below USD 1 billion at listing. He added that the mobilization indicates robust corporate confidence and liquidity in the Indian primary market.
For companies raising fresh capital, the funds will be directed towards business expansion, capital expenditure, debt repayment, working capital needs, and other corporate purposes. This wave of IPOs follows the recent launches of Rays of Belief and Deepa Jewellers on September 1, bringing the total number of IPOs in 2026 to an anticipated 75, including 23 from August.
Week begins with Pranav Constructions
Pranav Constructions will kick off its IPO on September 7, with the subscription window closing on September 9. The issue is valued at over Rs 351 crore, featuring a price band of Rs 118-124 per share. This IPO includes a fresh issue of Rs 315.6 crore and an offer for sale (OFS) of 28.57 lakh shares worth Rs 35.43 crore. Three additional companies are set to enter the market on September 8.
Kanohar Electricals aims to raise Rs 1,056 crore with a price band of Rs 601-632 per share. Prasol Chemicals has set its price band at Rs 643-676 per share for its Rs 500-crore issue, which includes a fresh issue of Rs 80 crore and an OFS of up to Rs 420 crore. Glass Wall Systems (India) will offer shares at Rs 172-182 apiece in an IPO valued at Rs 428 crore.
Seven IPOs lined up on September 9
September 9 will be the busiest day of the week, with seven companies launching their IPOs. Rentomojo’s IPO will be priced between Rs 384-404 per share, aiming to raise Rs 1,256 crore. This includes a fresh issue worth up to Rs 150 crore and an OFS of 2.73 crore shares valued at Rs 1,106 crore at the upper end of the price band.
Karamtara Engineering seeks Rs 875 crore with an IPO priced at Rs 241-254 per share, comprising a fresh issue of Rs 675 crore and an OFS of shares worth up to Rs 200 crore. Manipal Payment and Identity Solutions has set its price band at Rs 322-339 per share for its Rs 805-crore IPO, which includes a fresh issue of Rs 320 crore and an OFS of up to 1.43 crore shares worth Rs 485 crore.
Arcil’s Rs 733-crore IPO consists entirely of an OFS, with a price band of Rs 132-139 per share. LCC Projects will raise Rs 427 crore through an IPO priced at Rs 139-146 per share. Steamhouse India plans to raise Rs 414 crore, featuring a fresh issue of Rs 353 crore and an OFS of Rs 61 crore. Veegaland Developers will conclude the week’s IPO activity with its issue opening on September 10 and remaining open until September 15, raising Rs 210 crore entirely through a fresh issue of shares.
Observer Voice is the one stop site for National, International news, Sports, Editor’s Choice, Art/culture contents, Quotes and much more. We also cover historical contents. Historical contents includes World History, Indian History, and what happened today. The website also covers Entertainment across the India and World.
