India's primary market is set for another busy week, with IPOs worth more than Rs 7,280 crore scheduled to open for subscription. As many as 16 public issues are lined up next week across mainboard and SME segments, led by Rentomojo, Kanohar Electricals, Karamtara Engineering and others. The week will also see eight listings, keeping investor focus firmly on the IPO market.
The rush comes after a sharp revival in the primary market in July and August, when several issues saw strong subscription and listing gains. Investor appetite has improved after a slow first half of 2026, helped by better debuts, stronger domestic liquidity and renewed interest in mid-sized IPOs.
Pranav Constructions will open its Rs 351 croreIPO on September 7 and close it on September 9. The company has fixed the price band at Rs 118-124 per share. The issue includes fresh capital of Rs 315.6 crore and an offer for sale of Rs 35.43 crore.
Glass Wall Systems, Prasol Chemicals and Kanohar Electricals will open their IPOs on September 8 and close them on September 10. Glass Wall Systems plans to raise Rs 427.89 crore at a price band of Rs 172-182, while Prasol Chemicals’ Rs 500 croreissuehas a price band of Rs 643-676. Kanohar Electricals’ Rs 1,055.74 croreIPO is priced at Rs 601-632 per share.
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The largest issue of the week is Rentomojo, which will open on September 9 and close on September 11. The company plans to raise Rs 1,255.57 crore at a price band of Rs 384-404. The issue includes a fresh issue of Rs 150 croreand an offer for sale of Rs 1,105.57 crore.
Karamtara Engineering will also open on September 9. The Rs 875 croreIPO has a price band of Rs 241-254 and includes a fresh issue of Rs 675 croreand an OFS of Rs 200 crore. Manipal Payment & Identity Solutions will raise Rs 805 crore at a price band of Rs 322-339, while Asset Reconstruction Company (India) will launch a Rs 732.97 croreIPO at Rs132-139 per share.
Other mainboard issues include LCC Projects, Steamhouse India, Veegaland Developers and Manika Plastech. LCC Projects will raise Rs 427.14 crore, Steamhouse India Rs 414 crore, and Veegaland Developers Rs 210 crore. Manika Plastech’s fresh capital component is Rs 92.5 crore, though its final issue size details are yet to be fully reflected in the IPO tracker.
Grey market premiums are also indicating investor interest in select issues, though GMP remains an unofficial indicator and can change quickly before listing. Among the upcoming issues, Rentomojo is commanding the strongest GMP at 38%, followed by Kanohar Electricals at 32% and Glass Wall Systems at 27%. Karamtara Engineering is trading at a 22% grey market premium, while Veegaland Developers and Manipal Payment & Identity Solutions are quoting at premiums of 16% and 9%, respectively.
The premiums suggest that investors are expecting listing gains in several of the larger issues. However, subscription demand, market conditions and final allotment trends will decide whether these expectations hold closer to listing.
SME IPOs add to the rush
The SME segment will also remain active. Apana Logistics will open its Rs 34.14 crore fixed-price issue on September 7. Amtech Esters, Vinod Texworld and Infrax Renewable will open their issues on September 9.
Amtech Esters plans to raise Rs 17.88 crore, Vinod Texworld Rs 42.83 crore and Infrax Renewable Rs 40.88 crore.
The spread of issues across real estate, engineering, chemicals, renewable energy, payments, asset reconstruction, logistics and manufacturing shows that the IPO pipeline is no longer concentrated in one sector.
The next week will test whether the recent IPO revival has enough depth to absorb a large number of issues at the same time. In the last two months, the market has seen strong demand for newlistings, with many August IPOs listing in the green and several continuing to trade above their issue prices.
