Upcoming IPOs Next Week From September 7 To 11: Rentomojo, Pranav Constructions Among 11 Mainboard Issues

The primary market is set for another busy week, with 11 mainboard initial public offerings (IPOs) scheduled to open for subscription between September 7 and September 11. Together, the issues are looking to raise around ₹7,055 crore from investors.

The upcoming IPOs span sectors including real estate, chemicals, electrical equipment, engineering, financial services, fintech, infrastructure and online rentals. September 9 will be the busiest day, with six mainboard IPOs scheduled to open.

Upcoming IPOs Next Week: What We Know So Far

Here are the 11 mainboard IPOs opening for subscription during the week:

• Pranav Constructions IPO: September 7 to September 9 | Issue size: ₹351.03 crore

• Glass Wall Systems (India) IPO: September 8 to September 10 | Issue size: ₹427.89 crore

• Prasol Chemicals IPO: September 8 to September 10 | Issue size: ₹500 crore

• Kanohar Electricals IPO: September 8 to September 10 | Issue size: ₹1,055.74 crore

• Manipal Payment & Identity Solutions IPO: September 9 to September 11 | Issue size: ₹805 crore

• Asset Reconstruction Company (India) IPO: September 9 to September 11 | Issue size: ₹732.97 crore

• Rentomojo IPO: September 9 to September 11 | Issue size: ₹1,255.57 crore

• LCC Projects IPO: September 9 to September 11 | Issue size: ₹427.10 crore

• Karamtara Engineering IPO: September 9 to September 11 | Issue size: ₹875 crore

• Steamhouse India IPO: September 9 to September 11 | Issue size: ₹414 crore

• Veegaland Developers IPO: September 10 to September 15 | Issue size: ₹210 crore

The dates and issue sizes for the listed IPOs are based on the latest available IPO calendar and company filings.

Rentomojo IPO Is The Biggest Issue Next Week

Rentomojo will have the largest IPO among the 11 mainboard issues, with the company looking to raise around ₹1,255.57 crore.

The IPO will comprise a fresh issue of shares worth ₹150 crore and an offer for sale (OFS) of up to 2.73 crore shares worth around ₹1,105.5 crore. The price band has been fixed at ₹384 to ₹404 per share. The IPO will open on September 9 and close on September 11.

Kanohar Electricals is the second-largest issue in the week's line-up at around ₹1,055.74 crore, followed by Karamtara Engineering at ₹875 crore.

Manipal Payment & Identity Solutions and Asset Reconstruction Company are also looking to raise more than ₹700 crore each.

September 9 To See Six Mainboard IPOs Open

The IPO calendar gets particularly crowded on September 9, when six mainboard issues are scheduled to open.

These include Manipal Payment & Identity Solutions, Asset Reconstruction Company, Rentomojo, LCC Projects, Karamtara Engineering and Steamhouse India.

Most of these IPOs will remain open until September 11, giving investors three days to place their bids. Veegaland Developers will be the exception, with its issue scheduled to remain open until September 15.

Manufacturing And Industrial IPOs Dominate The Line-Up

A significant part of next week's IPO pipeline comes from manufacturing and industrial companies.

Kanohar Electricals, Prasol Chemicals, Karamtara Engineering, Glass Wall Systems and LCC Projects operate across areas such as electrical equipment, speciality chemicals, engineering, building solutions and infrastructure.

The mix gives investors exposure to several different parts of the industrial economy rather than a single sector.

Fintech, Real Estate And Online Rental IPOs Also In The Pipeline

The upcoming IPO list also includes companies operating in newer and consumer-facing segments.

Manipal Payment & Identity Solutions is part of the payments and identity solutions space, while Rentomojo operates an online platform for furniture and appliance rentals.

The real estate segment is represented by Pranav Constructions and Veegaland Developers.

Pranav Constructions will open its IPO on September 7, with a price band of ₹118 to ₹124 per share. Its issue size is around ₹351 crore.

Rentomojo IPO: Key Details

Rentomojo's ₹1,255.57-crore IPO will open on September 9. The price band has been fixed at ₹384-₹404 per share.

The company plans to use ₹70 crore from the fresh issue proceeds to repay certain debt, while another ₹42.5 crore will be used towards lease rentals or licence fees for warehouses and experience stores. The remaining funds will be used for general corporate purposes.

Rentomojo reported a profit of ₹104.2 crore in FY26, compared with ₹43.1 crore in the previous year. Revenue rose 45.5% to ₹387 crore during the year from ₹266 crore in FY25.

IPO Market Enters September After Strong August

The busy September calendar follows strong activity in the primary market during August.

As per the source data, 18 mainboard and 22 SME IPOs raised funds during August. Several recently listed companies, including Tempsens Instruments (India), Dhoot Transmission, Milky Mist Dairy Food, Technocraft Ventures and MV Electrosystems, delivered strong gains over their issue prices.

With 11 mainboard IPOs lined up for subscription next week, the primary market is set for another crowded period, with issues ranging from industrial and infrastructure companies to fintech, real estate and consumer businesses.

Also Read - NSE IPO May Get SEBI Approval Next Week, Price Band Expected On September 11: Report