11 IPOs to open for subscription next week: Rentomojo, Manipal Payment among key upcoming issues

Rentomojo, Pranav Constructions, Veegaland Developers, Manipal Payment & Identity Solutions are among 11 mainboard IPOs to open for subscription next week to raise ₹7,055 crore from retail and institutional investors.

After record IPO flow in August, primary market action will continue in September as well with 11 mainboard IPOs and several SME IPOs to open for subscription. As many as six mainboard and 2 SME IPOs will open on a single day, i.e. September 9, 2026.

Many of these upcoming IPOs are from diverse sectors like specialty chemicals, real estate, industrial gases, fintech, online rental, electrical infrastructure and others.

• Rentomojo leads the upcoming IPO pack with an issue size of around ₹1,256 crore, making it the largest issue among the 11 companies. Kanohar Electricals follows at around ₹1,056 crore, while Karamtara Engineering is the third-largest at ₹875 crore.

• The IPO calendar is particularly crowded in the middle of the week as 9 out of the 11 IPOs will open on 8 and 9th September, 2026.

• Manufacturing and industrial businesses dominate the IPO pipeline. Kanohar Electricals, Prasol Chemicals, Karamtara Engineering, Glass Wall Systems and LCC Projects are linked to areas such as electrical equipment, chemicals, engineering, building solutions and infrastructure.

• Upcoming IPOs pipeline is not just concentrated in traditional manufacturing business but also includes new-age business like fintech/payment infrastructure (Manipal Payments), financial services (Asset Reconstruction Company), online rental services (Rentomojo).