The primary market anticipates a busy period with 12 mainboard and SME IPOs worth ₹29,500 crore scheduled to open for subscription during September 14-23. According to reports from ETMarkets, this period marks the highest IPO value since October 2025, when issues worth around ₹29,000 crore hit the market during the week of October 6-10. The truncated trading week ahead will see markets remain shut on Monday, September 14, for Ganesh Chaturthi. NSE's ₹22,561.5-crore IPO will dominate the week's primary market activity, accounting for more than 90% of the value of issues opening for subscription. The issue opens on September 17 and closes on September 21. Additionally, two mainboard IPOs - Veegaland Developers and Manika Plastech - that opened last week will close during this week, along with six SME IPOs that opened last week.
Six mainboard IPOs are set to list today, September 17, with varying levels of investor demand. LCC Projects leads the pack with the highest GMP at ₹46, followed by Karamtara Engineering at ₹40. Meanwhile, Manipal Payment & Identity Solutions shows the lowest GMP, indicating a ₹10 discount to its issue price. The subscription data reveals strong investor interest, with Karamtara Engineering receiving bids for 159.17 crore shares against 54.43 lakh shares on offer, achieving 62.63 times subscription. LCC Projects saw bids for 101.52 crore shares against 54.43 lakh shares on offer, while Rentomojo received bids for 158.68 crore shares against 2.17 lakh shares on offer. Steamhouse India and Asset Reconstruction Company (India) are also showing positive GMPs.
LCC Projects IPO GMP today stands at ₹46, indicating strong investor confidence ahead of listing. With an upper price band of ₹146, the estimated listing price for LCC Projects IPO is ₹192, representing an expected percentage gain of 31.51%. The IPO's price band is fixed between ₹139 and ₹146 per share, with a minimum bid requirement of 102 equity shares and multiples thereof. The strong GMP performance reflects positive market sentiment toward the issue, with the premium showing consistent upward momentum in grey market trading.
Karamtara Engineering IPO GMP stands at ₹40 as of 02:17 PM, with an estimated listing price of ₹294 against the upper price band of ₹254. The expected percentage gain of 15.75% suggests positive market sentiment. The IPO's price band is fixed between ₹241 and ₹254 per share, with a minimum bid requirement of 59 equity shares and multiples thereof. The strong subscription of 62.63 times indicates robust investor interest in the engineering sector issue.
Manipal Payment & Identity Solutions IPO shows a discounted listing outlook with GMP indicating a ₹10 discount to its issue price. With an upper price band of ₹339, the estimated listing price at current market trends is ₹329. The IPO's price band was fixed between ₹322 and ₹339 per share, with a minimum bid requirement of 44 equity shares and multiples thereof. The subscription data shows 39.87 lakh shares bid against 54.43 lakh shares on offer, indicating moderate investor interest in the payment solutions sector.
Rentomojo IPO GMP stands at ₹104, indicating strong investor interest ahead of listing. With an upper price band of ₹404, the estimated listing price for Rentomojo IPO is ₹508, representing an expected percentage gain of 25.74%. The IPO's price band is fixed between ₹384 and ₹404 per share, with a minimum bid requirement of 37 equity shares and multiples thereof. The strong GMP performance reflects positive market sentiment toward the rental services sector issue, with the premium showing consistent upward momentum in grey market trading.
