The primary market is set for a busy week, with 11 IPOs scheduled to open for subscription from September 7 onwards. The list includes companies from sectors such as real estate, electrical equipment, speciality chemicals, infrastructure, payments and consumer rentals.
Among the larger issues are Rentomojo, Kanohar Electricals and Manipal Payment & Identity Solutions. Investors will also have Pranav Constructions, Prasol Chemicals, Glass Wall Systems, Karamtara Engineering, LCC Projects, Steamhouse India, Asset Reconstruction Company (India) and Veegaland Developers to consider.
Here is a look at the upcoming IPOs.
1. Pranav Constructions IPO
The Pranav Constructions IPO will remain open from September 7 to September 9. The company is involved in real estate development and redevelopment projects in the Mumbai region.
The issue size is ₹351.03 crore, including a fresh issue of 2.55 crore shares worth ₹315.60 crore and an offer for sale (OFS) of 28.57 lakh shares worth ₹35.43 crore.
- Price band: ₹118–₹124
- Lot size: 120 shares
- Listing: BSE and NSE
- Registrar: KFin Technologies
- Listing date: September 15
2. Kanohar Electricals IPO
Kanohar Electricals will open its IPO from September 8 to September 10. The company manufactures power transformers and other electrical equipment used in the power sector.
The issue is worth ₹1,055.74 crore. It includes a fresh issue of ₹300 crore and an OFS of ₹755.74 crore.
- Price band: ₹601–₹632
- Lot size: 23 shares
- Listing: BSE and NSE
- Registrar: MUFG Intime India
- Listing date: September 16
3. Glass Wall Systems (India) IPO
The Glass Wall Systems IPO will be open from September 8 to September 10. The company manufactures architectural glass and facade-related products.
The company plans to raise ₹427.89 crore through a combination of a fresh issue and OFS.
- Price band: ₹172–₹182
- Lot size: 82 shares
- Listing: NSE and BSE
- Registrar: MUFG Intime India
- Listing date: September 16
4. Prasol Chemicals IPO
Prasol Chemicals will open its IPO from September 8 to September 10. The company manufactures speciality chemicals, including phosphorus and acrylic acid derivatives.
The issue size is ₹500 crore, comprising a fresh issue of ₹80 crore and an OFS of ₹420 crore.
- Price band: ₹643–₹676
- Lot size: 22 shares
- Listing: NSE and BSE
- Registrar: KFin Technologies
- Listing date: September 16
5. Karamtara Engineering IPO
The Karamtara Engineering IPO will be open from September 9 to September 11. The company operates in power transmission and distribution infrastructure and manufactures products such as structural steel and fasteners.
The issue is worth ₹875 crore, including a fresh issue of ₹675 crore and an OFS of ₹200 crore.
- Price band: ₹241–₹254
- Lot size: 59 shares
- Listing: NSE and BSE
- Registrar: MUFG Intime India
- Listing date: September 17
6. LCC Projects IPO
LCC Projects will accept bids from September 9 to September 11. The company works on engineering, procurement, and construction projects, mainly in water supply, irrigation, and infrastructure.
The IPO size is ₹427.14 crore, with a fresh issue of ₹258 crore and an OFS of ₹169.14 crore.
- Price band: ₹139–₹146
- Lot size: 102 shares
- Listing: NSE and BSE
- Registrar: KFin Technologies
- Listing date: September 17
7. Steamhouse India IPO
Steamhouse India will open its IPO between September 9 and September 11. The company provides steam generation and distribution solutions for industrial customers.
The total issue size is ₹414 crore, consisting of a fresh issue of ₹353 crore and an OFS of ₹61 crore.
- Issue size: ₹414 crore
- Listing: NSE and BSE
- Registrar: KFin Technologies
- Listing date: September 17
8. Asset Reconstruction Company (India) IPO
The Asset Reconstruction Company (India) IPO will open from September 9 to September 11. The company is involved in the resolution of non-performing assets.
The entire ₹732.97 crore issue is an OFS of 5.27 crore shares.
- Price band: ₹132–₹139
- Lot size: 107 shares
- Listing: NSE and BSE
- Registrar: MUFG Intime India
- Listing date: September 16
9. Manipal Payment & Identity Solutions IPO
The Manipal Payment & Identity Solutions IPO will be open from September 9 to September 11. The company provides payment solutions, smart card manufacturing and identity-related technology services.
The company aims to raise ₹805 crore, comprising a fresh issue of ₹320 crore and an OFS of ₹485 crore.
- Price band: ₹322–₹339
- Lot size: 44 shares
- Listing: BSE and NSE
- Registrar: MUFG Intime India
- Listing date: September 17
10. Rentomojo IPO
Rentomojo will open its IPO from September 9 to September 11. The company operates a rental platform through which customers can rent furniture, appliances and electronics.
The issue size is ₹1,255.57 crore, making it one of the larger IPOs in this group. It includes a fresh issue of ₹150 crore and an OFS of ₹1,105.57 crore.
- Price band: ₹384–₹404
- Lot size: 37 shares
- Listing: BSE and NSE
- Registrar: KFin Technologies
- Listing date: September 17
11. Veegaland Developers IPO
Veegaland Developers will open its IPO from September 10 to September 15. The Kerala-based company is engaged in residential and commercial real estate development.
The IPO consists entirely of a fresh issue of 1.50 crore shares worth ₹210 crore.
- Price band: ₹130–₹140
- Lot size: 107 shares
- Listing: NSE and BSE
- Registrar: MUFG Intime India
- Listing date: September 18
What investors should know
The upcoming IPO calendar gives investors several options across different sectors. Rentomojo, Kanohar Electricals and Manipal Payment & Identity Solutions are among the bigger issues. At the same time, companies such as Prasol Chemicals, Karamtara Engineering and LCC Projects offer exposure to manufacturing and infrastructure businesses.
However, investors should not make an IPO decision based only on grey market premium (GMP). GMP is unofficial and can change before listing.
Disclaimer: Before applying, investors should check the company’s financial performance, valuation, business model, risks and details in the red herring prospectus. The final investment decision should be based on these factors rather than short-term market expectations.
