Archive · 8 Sep 2026
Rentomojo Leads Grey Market Signals Ahead of September IPOs
Three companies are opening share sales called IPOs on 9 September.
The companies are Rentomojo, Karamtara Engineering and LCC Projects.
Before shares officially list, investors watch a grey market premium, or GMP.
The GMP shows what some investors may be willing to pay before listing.
Rentomojo currently has the highest GMP among the three companies.
Its GMP suggests a possible listing gain of about 31.44 percent.
Karamtara Engineering and LCC Projects show lower possible gains of 23.62 percent and 20.55 percent.
However, GMP is only an indication and does not guarantee how the shares will perform after listing.
Rentomojo, Karamtara Engineering and LCC Projects will open their IPOs on 9 September.
Rentomojo has the highest grey market premium at ₹127, implying a potential 31.44% listing gain.
Karamtara Engineering’s GMP is ₹60, indicating a potential 23.62% gain over its upper issue price.
LCC Projects has a ₹30 GMP, suggesting a potential 20.55% listing gain.
All three IPOs are expected to complete allotment on 15 September and list on NSE and BSE on 17 September.
- Who
- Rentomojo, Karamtara Engineering and LCC Projects, along with investors participating in their IPOs.
- What
- The three companies are opening IPOs, with grey market premiums indicating different potential listing gains.
- When
- Subscription begins Tuesday, 9 September; allotment is expected on 15 September and listing on 17 September.
- Where
- The shares are expected to list on the NSE and BSE.
- Why
- Investors are comparing grey market premiums to assess market expectations ahead of the official listings.
- Rentomojo GMP
- ₹127; implied listing price of ₹531 and potential gain of 31.44% at the upper price band.
- Karamtara Engineering GMP
- ₹60; implied listing price of ₹314 and potential gain of 23.62% at the upper price band.
- LCC Projects GMP
- ₹30; implied listing price of ₹176 and potential gain of 20.55% at the upper price band.
- Rentomojo issue size
- ₹1,255.57 crore, with a price band of ₹384 to ₹404 per share.
- Karamtara Engineering issue size
- ₹875 crore, with a price band of ₹241 to ₹254 per share.
- LCC Projects issue size
- ₹427.14 crore, with a price band of ₹139 to ₹146 per share.
- Expected listing date
- 17 September on both the NSE and BSE, according to the tentative schedules.