Summary:
India’s IPO market is set for a busy week, with 11 upcoming IPOs scheduled between September 7 and September 10 to raise ₹7,055 crore. Six IPOs are set to open on September 9, making it the busiest day of the week.
India’s primary market is set for a busy week, with 11 mainboard companies planning to raise a combined ₹7,055 crore through initial public offerings between September 7 and September 10. The issues will remain open across different dates, with six IPOs scheduled to open on September 9 alone.
The fundraising comes amid strong activity in the IPO market. With the latest issues, the number of companies launching IPOs in 2026 is expected to reach 75, including 23 issues that came to the market in August.
List of Upcoming IPOs this week (Sep 07 to Sep 10)
| IPO | Open Date | Close Date | Issue Size | Price Band | Fresh Issue | OFS |
|---|---|---|---|---|---|---|
| Pranav Constructions | Sep 7, 2026 | Sep 9, 2026 | ₹351.03 Cr | ₹118–124 | ₹315.60 Cr | ₹35.43 Cr |
| Kanohar Electricals | Sep 8, 2026 | Sep 10, 2026 | ₹1,055.74 Cr | ₹601–632 | ₹300 Cr | ₹755.74 Cr |
| Prasol Chemicals | Sep 8, 2026 | Sep 10, 2026 | ₹500 Cr | ₹643–676 | ₹80 Cr | ₹420 Cr |
| Glass Wall Systems (India) | Sep 8, 2026 | Sep 10, 2026 | ₹427.89 Cr | ₹172–182 | ₹60 Cr | ₹367.89 Cr |
| Rentomojo | Sep 9, 2026 | Sep 11, 2026 | ₹1,255.57 Cr | ₹384–404 | ₹150 Cr | ₹1,105.57 Cr |
| Manipal Payment & Identity Solutions | Sep 9, 2026 | Sep 11, 2026 | ₹805 Cr | ₹322–339 | ₹320 Cr | ₹485 Cr |
| Arcil | Sep 9, 2026 | Sep 11, 2026 | ₹732.97 Cr | ₹132–139 | — | ₹732.97 Cr |
| LCC Projects | Sep 9, 2026 | Sep 11, 2026 | ₹427.14 Cr | ₹139–146 | ₹258 Cr | ₹169.14 Cr |
| Karamtara Engineering | Sep 9, 2026 | Sep 11, 2026 | ₹875 Cr | ₹241–254 | ₹675 Cr | ₹200 Cr |
| Steamhouse India | Sep 9, 2026 | Sep 11, 2026 | ₹414 Cr | ₹77–81 | ₹353 Cr | ₹61 Cr |
| Veegaland Developers | Sep 10, 2026 | Sep 15, 2026 | ₹210 Cr | ₹130–140 | ₹210 Cr | — |
₹7,055 Crore Fundraising: Fresh Issues vs OFS
Of the total ₹7,055 crore being raised, ₹2,722 crore, or 39%, will come through fresh issues. The remaining ₹4,333 crore, or 61%, will be raised through offers for sale by existing shareholders. Therefore, a larger portion of the money raised will go to selling shareholders rather than directly to the companies.
For companies raising fresh capital, the proceeds are expected to be used for business expansion, capital expenditure, debt repayment, working capital requirements and general corporate purposes.
11 IPOs Lined Up This Week
The IPO rush begins with Pranav Constructions, which opens on September 7 and closes on September 9. The issue size is ₹351 crore, with a price band of ₹118 to ₹124 per share. The issue includes a fresh issue of ₹315.6 crore and an offer for sale of 28.57 lakh shares worth ₹35.43 crore.
On September 8, three companies will open their IPOs. Kanohar Electricals is looking to raise ₹1,056 crore at a price band of ₹601 to ₹632 per share. Prasol Chemicals has an issue size of ₹500 crore, with a price band of ₹643 to ₹676. Glass Wall Systems (India) will raise ₹428 crore, with its price band set at ₹172 to ₹182.
September 9 will be the busiest day, with six IPOs opening simultaneously. Rentomojo leads the group with an issue size of ₹1,256 crore and a price band of ₹384 to ₹404 per share. Manipal Payment and Identity Solutions plans to raise ₹805 crore, while Arcil has an issue size of ₹733 crore. LCC Projects will raise ₹427 crore, Karamtara Engineering ₹875 crore and Steamhouse India ₹414 crore.
Veegaland Developers will open its ₹210 crore IPO on September 10 and remain open until September 15. The entire issue comprises a fresh issue.
