16 IPOs on investors' radar next week. GMPs signal up to 38% returns
India's IPO market is set for another crowded week, with 16 issues opening for subscription across the mainboard and SME segments. The lineup is led by Rentomojo, Kanohar Electricals, Karamtara Engineering, Manipal Payment and Identity Solutions among others. GMP trends suggest selective but healthy appetite.
Next week's Indian IPO market will see 16 new issues, offering investors a diverse range of opportunities. Among these, Rentomojo, Kanohar Electricals, and Karamtara Engineering are some of the key players leading the pack. The GMP trends indicate a selective yet healthy appetite for these listings, with some companies receiving strong early interest signals.
Pranav Constructions, a real estate company focused on Mumbai redevelopment, opens its IPO on 7th September with a Rs 351 crore issue. The company's impressive GMP of 35% suggests that there's strong early interest in this niche sector. Apana Logistics, another new entrant, lists an SME issue of Rs 34 crore on the same day, with a relatively modest GMP of 5%, signaling cautious optimism about its listing prospects.
Glass Wall Systems, a facade and fenestration solutions provider, goes public on 8th September with a substantial Rs 428 crore issue. Its GMP of 23% indicates healthy demand for the company, reflecting investor confidence in the facade and fenestration market. Prasol Chemicals, a chemical manufacturing firm, opens its Rs 500 crore issue on the same day, commanding a GMP of about 18%, indicating moderate grey market interest.
Kanohar Electricals continues to dominate the headlines, opening its Rs 1,056 crore issue on 8th September, which carries a strong GMP of 32%. This makes it one of the more attractive options on the upcoming IPO radar. Karamtara Engineering, a renewable energy and transmission products maker, lists its Rs 875 crore issue on 9th September, with a GMP of around 22%, showcasing its strong standing in the market.
Rentomojo continues to lead the pack with a Rs 1,256 crore issue on 9th September, boasting the highest GMP of 38% among the week's IPOs, indicating strong listing expectations. Manipal Payment, a payments solutions provider, lists its Rs 805 crore issue on the same day, with a modest GMP of about 7%, suggesting modest listing expectations.
The Asset Reconstruction Company, which holds a large portfolio of distressed assets, lists on 9th September with an issue size of Rs 733 crore. The IPO currently has no meaningful GMP, keeping investors focused on subscription demand. LCC Projects, a real estate developer, opens its Rs 427 crore issue on 9th September, with a GMP of 17%, reflecting decent early demand.
Steamhouse India, another real estate player, lists its Rs 414 crore issue on the same day, with no active GMP yet, making the subscription numbers crucial for investor appetite. Amtech Esters, a SME-focused company, issues Rs 18 crore on 9th September, with a nearly 7% GMP, indicating limited but positive interest.
Vinod Texworld, a textile manufacturer, goes public on 9th September with a Rs 43 crore SME issue, having a relatively low GMP of about 4%, suggesting a softer listing signal. Infrax Renewable, a renewable energy company, lists its Rs 41 crore SME issue on the same day, with no visible GMP yet, despite renewable energy being a hot market theme.
Veegaland Developers, a real estate company, lists its Rs 210 crore issue on 10th September, with a GMP of 21%, indicating good demand for the real estate IPO. Lastly, Manika Plastech lists its IPO on 11th September, with the GMP currently unavailable, leaving investors to watch the price band, issue size, and early bidding trends closely.
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