IPO rush picks up: 11 Cos set to raise ₹7,055 cr next week
The IPOs are scheduled to hit the market between September 7 and September 15.
The Indian primary market is set for an active IPO week, with 11 companies, including Rentomojo, Karamtara Engineering and Kanohar Electricals, planning to raise ₹7,055 crore through initial public offerings (IPOs). These companies, all with markets caps below $1 billion, are scheduled to launch their IPOs between September 7 and September 15, with most opening for subscription on Tuesday and Wednesday.
Rajkumar Rathi, Chief Investment Officer at YES Securities, noted that the surge in IPOs reflects investors' interest in early-stage growth equities. Out of the ₹7,055 crore, ₹2,722 crore is expected to be raised through primary capital issuance, while ₹4,333 crore will come from secondary sales by existing shareholders. This capital mobilization underscores robust corporate confidence and liquidity within the Indian primary market.
The funds raised will primarily be used for business expansion, capital expenditure, debt repayment, working capital requirements, and other general corporate purposes. Following a busy start to September, with Rays of Belief and Deepa Jewellers launching their IPOs on September 1, the upcoming IPO rush is expected to further increase the total number of companies launching IPOs in 2026 to 75, with 23 issues already launched in August.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
