- By Aditya Pratap Singh
- Wed, 09 Sep 2026 12:15 PM (IST)
- Source:JND
Initial Public Offerings (IPOs) of six mainboard companies opened for public subscription on Wednesday, aiming to raise a collective amount of Rs 4,509.68 crore from the market. These companies include Rentomojo, Karamtara Engineering, and Manipal Payments, among others.
Meanwhile, the domestic equity market continued its losing momentum for the third day this week. Last seen, the BSE Sensex traded at 74,977.84, down 0.79 per cent or 599.73 points, while the Nifty50 was quoted at 23,482.15, down 152.95 points or 0.65 per cent.
6 IPOs Opened On September 9: Price Band, Day 1 Subscription Status And GMP
1. Rentomojo
The company aims to raise Rs 1,255.57 crore. The IPO comprises a fresh issue of Rs 150 crore and an Offer For Sale (OFS) of Rs 1,105.57 crore. The price band has been fixed at Rs 384 to Rs 404 per share.
Feature | Details |
|---|---|
Issue Size | Rs 1,255.57 crore (Fresh: Rs 150 crore, OFS: Rs 1,105.57 crore) |
Bidding Dates | Not Provided |
Price Band | Rs 384 to Rs 404 per share |
Subscription Status | 0.46 times till 11:33 (as per NSE) |
GMP | Rs 135, up 33.42 per cent (as per Investorgain) |
2. Karamtara Engineering
The issue size is Rs 875 crore. This includes a fresh issue of Rs 675 crore and an OFS of Rs 200 crore. The price band is set at Rs 241 to Rs 254 per share.
Feature | Details |
|---|---|
Issue Size | Rs 875 crore (Fresh: Rs 675 crore, OFS: Rs 200 crore) |
Bidding Dates | Not Provided |
Price Band | Rs 241 to Rs 254 per share |
Subscription Status | 0.22 times till 11:27 AM (as per NSE) |
GMP | Rs 65, up 25.59 per cent against IPO price (according to Investorgain) |
3. Manipal Payment & Identity Solutions
The total size of this IPO is Rs 805 crore (a fresh issue of Rs 320 crore and an OFS of Rs 485 crore). The price band for the shares is fixed at Rs 322 to Rs 339.
Feature | Details |
|---|---|
Issue Size | Rs 805 crore (Fresh: Rs 320 crore, OFS: Rs 485 crore) |
Bidding Dates | Not Provided |
Price Band | Rs 322 to Rs 339 |
Subscription Status | 0.07 times till 11:33 (as per NSE) |
GMP | Rs 37, up 10.91 per cent from IPO price (as per Investorgain) |
4. Asset Reconstruction Company India Limited (ARCIL)
This Rs 732.97 crore issue is entirely an Offer For Sale (OFS). The price band for this has been kept at Rs 132 to Rs 139 per share.
Feature | Details |
|---|---|
Issue Size | Rs 732.97 crore (Entirely OFS) |
Bidding Dates | Not Provided |
Price Band | Rs 132 to Rs 139 per share |
Subscription Status | 0.11 per cent till 11:36 AM (on NSE) |
GMP | Rs 30, up 21.5 per cent against IPO price (as per Investorgain) |
5. LCC Projects
The total issue size is Rs 427.14 crore, which includes a fresh issue of Rs 258 crore and an OFS of ₹169.14 crore. The price band is Rs 139 to Rs 146 per share.
Feature | Details |
|---|---|
Issue Size | Rs 427.14 crore (Fresh: Rs 258 crore, OFS: Rs 169.14 crore) |
Bidding Dates | Not Provided |
Price Band | Rs 139 to Rs 146 per share |
Subscription Status | 0.35 times till 11:21 PM (NSE Data) |
GMP | Rs 40, up 27 per cent from IPO price (according to Investorgain) |
6. Steamhouse India
The total issue size for the IPO is Rs 414 crore, including a fresh issue of Rs 353 crore and an OFS of Rs 61 crore, while the price band has been fixed at Rs 77 to Rs 81 per share.
Feature | Details |
|---|---|
Issue Size | Rs 414 crore (Fresh: Rs 353 crore, OFS: Rs 61 crore) |
Bidding Dates | Not Provided |
Price Band | Rs 77 to Rs 81 per share |
Subscription Status | 0.12 times till 11:39 AM (as per NSE) |
GMP | Rs 18, up 22 per cent from IPO price (as per Investorgain) |
Who Wins the GMP and Subscription Race So Far?
Among the six IPOs, Rentomojo currently leads the pack with the highest demand, boasting a subscription rate of 0.46x and a grey market premium (GMP) of 33.42%. LCC Projects follows closely in interest with a 0.35x subscription rate and 27% GMP, while Karamtara Engineering shows strong sentiment at 0.22x subscription and a 25.59% GMP.
Disclaimer: This story is for informational purposes only. The GMP data are taken from Investorgain.com, a grey market tracker. GMP is not an official number, and it does not guarantee gains on listing day. GMP shows the speculative potential based on bids for shares in unofficial markets.