IPO rush continues: 16 companies to raise over Rs 7,190 crore this week
India's primary market is gearing up for an exciting week, with 16 companies ready to launch their IPOs. Aiming to gather over 7,000 crore rupees, this includes 12 mainboard and 4 SME offerings. Following a strong August performance, confidence remains high within the IPO sector, with businesses eager to harness the prevailing positive momentum.
India's primary market is set for a busy IPO week, with 11 companies planning to raise Rs 7,055 crore from investors between September 7 and September 15. The offerings span various sectors, including real estate, engineering, manufacturing, specialty chemicals, payments, and online rentals. Prominent names in the lineup include Rentomojo, Karamtara Engineering, and Kanohar Electricals.
Most of the IPOs are expected to open on Tuesday and Wednesday, starting with Pranav Constructions on September 7. The multi-issue rush reflects investors' eagerness to invest in young companies with market caps below USD 1 billion, as per Rajkumar Rathi, Chief Investment Officer at YES Securities. The Rs 7,055 crore raised will primarily consist of stake sales by existing shareholders, with fresh issues accounting for Rs 2,722 crore or 39% of the total. The remaining Rs 4,333 crore, or 61%, will come through offers for sale.
The IPO rush follows the launches of Rays of Belief and Deepa Jewellers on September 1, bringing the total IPOs in 2026 to an estimated 75, including 23 in August. Pranav Constructions will open its IPO on September 7, priced at over Rs 351 crore. The company has set the price band at Rs 118-124 per share and will raise Rs 315.6 crore through a fresh issue and 28.57 lakh shares worth Rs 35.43 crore via an OFS.
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- IPO rush ahead: 11 companies line up to raise Rs 7,055 crore from investors timesofindia.indiatimes.com
