Six Mainboard IPOs Launch Today: Explore Karamtara Engineering, Steamhouse India, LCC Projects, and More—Get the Latest GMP and Key Details!

The Indian primary market is gearing up for a notable session on September 9, 2026, with six mainboard IPOs launching simultaneously. Among these, Rentomojo stands out as the largest, seeking to raise approximately Rs 1,255.57 crore. Other significant offerings include Karamtara Engineering with an issue size of Rs 875 crore and Manipal Payment & Identity Solutions aiming for Rs 805 crore. Each IPO will open for subscription from September 9 to 11, with listings anticipated on the NSE and BSE on September 17.

The grey market sentiment surrounding these IPOs is promising, indicating strong investor interest. Rentomojo’s IPO is currently trading at a grey market premium (GMP) of Rs 130, suggesting a robust demand with a potential listing price of around Rs 534. Similarly, Karamtara Engineering is seeing a GMP of Rs 68, translating to an approximate 27% premium over its upper price band of Rs 254. Other offerings like Steamhouse India and Asset Reconstruction are also attracting attention, with premiums around 22% respectively. This enthusiasm could signal a bullish sentiment amongst investors in the IPO space.

For retail investors, the upcoming IPOs present a variety of investment opportunities. The minimum investment for participating in these offerings will range from approximately Rs 14,892 to Rs 14,988, depending on the IPO. The positive grey market indicators might lead many investors to opt for these issues, viewing them as potential short-term gains. However, caution is advised as market conditions can fluctuate leading up to the listing dates, and reliance solely on GMP should be approached with due diligence.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)