Despite facing pressure from geopolitical tensions, elevated crude oil prices, and persistent foreign investor selling, the Indian stock market witnessed robust IPO activity during the week. According to reports from LiveMint, 19 companies across mainboard and SME segments made their stock-market debut, collectively raising around ₹7,550 crore. The mainboard segment dominated fundraising with 11 companies raising ₹7,053 crore, while the SME segment contributed ₹496 crore from eight companies.
Rentomojo emerged as the largest mainboard listing, raising ₹1,255.57 crore and achieving a 19.4% listing premium at ₹482.40, significantly higher than its issue price of ₹404 per share. As reported by LiveMint, Kanohar Electricals secured ₹1,055.74 crore with a 90.6% subscription and debuted at a 26% premium. Manipal Payment & Identity Solutions raised ₹805 crore with strong investor interest. Other mainboard companies included Asset Reconstruction Company (India), Karamtara Engineering, LCC Projects, Steamhouse India, Glass Wall Systems (India), Prasol Chemicals, and Veegaland Developers.
While subscription numbers remained strong, listing performance varied significantly across mainboard issues. According to LiveMint reports, Rentomojo was subscribed 72.9 times and Glass Wall Systems received 81.7 times subscription. However, Prasol Chemicals, which raised ₹500 crore, debuted at around 10% discount at ₹610 per share. On the positive side, LCC Projects made a strong entry with 29.4% premium at ₹189 per share, while Karamtara Engineering debuted at 26% premium. Veegaland Developers, which raised ₹210 crore, made its debut on Friday, September 18, at 10% premium.
The SME segment remained active with eight companies raising ₹496 crore across various sectors. As reported by LiveMint, Raksan Transformers raised ₹150.50 crore, Om Galaxy raised ₹105 crore, and Maharaja & Speedex India raised ₹80.13 crore. The remaining five issues were smaller, ranging from ₹17.9 crore to ₹42.8 crore. Only Maharaja & Speedex India and Amtech Esters secured double-digit listing premiums at 34.4% and 33.3% respectively. The Nifty 50 ended the week down 0.22%, marking its sixth consecutive weekly decline.
The continued IPO activity in 2026 reflects strong primary market demand despite secondary market weakness. According to LiveMint data, 220 companies across mainboard and SME segments have successfully listed so far in 2026, adding to the size of the Indian stock market. This follows a record 376 listings in 2025. Of all 2026 IPOs, 136 stocks are trading in profit while 84 are in the red, reflecting an overall average gain of 27.71%.
