Archive · 17 Sep 2026
Six IPOs Make Varied Debuts, Led by LCC Projects
Six companies put their shares on stock exchanges on Thursday, 17 September.
Investors could buy shares in these companies through IPOs before trading began.
LCC Projects had the biggest opening gain, rising more than 29% on the NSE.
Karamtara Engineering, Rentomojo and Steamhouse India also started above their IPO prices.
Arcil began at exactly the same price at which its shares were sold.
Manipal Payment & Identity Solutions started slightly below its IPO price.
The IPOs received different levels of investor demand before listing.
Rentomojo was subscribed the most, while Manipal Payment was subscribed only 1.42 times.
LCC Projects opened up 29.45% on the NSE and 31.44% on the BSE, the strongest debut among the six IPOs.
Karamtara Engineering, Rentomojo and Steamhouse India also opened above their issue prices.
Asset Reconstruction Company (India), or Arcil, debuted flat at ₹139 on both exchanges.
Manipal Payment & Identity Solutions opened below its issue price, falling 2.65% on the NSE and 2.06% on the BSE.
Subscription levels ranged from 1.42 times for Manipal Payment to 72.88 times for Rentomojo.
- Who
- Rentomojo Ltd, LCC Projects, Steamhouse India Ltd, Karamtara Engineering, Asset Reconstruction Company (India) Ltd, and Manipal Payment & Identity Solutions.
- What
- Six IPOs debuted on the NSE and BSE with four opening at premiums, one flat, and one lower.
- When
- Thursday, 17 September.
- Where
- The National Stock Exchange and the Bombay Stock Exchange.
- Number of IPO listings
- Six
- Best opening performance
- LCC Projects: 29.45% above the issue price on the NSE and 31.44% on the BSE
- Largest subscription
- Rentomojo: 72.88 times
- Flat debut
- Asset Reconstruction Company (India): ₹139 on both the NSE and BSE
- Weakest opening performance
- Manipal Payment & Identity Solutions: 2.65% below the issue price on the NSE
- Rentomojo issue price
- ₹404 per share
- Combined issue sizes reported
- The six IPOs ranged from ₹414 crore for Steamhouse India to ₹875 crore for Karamtara Engineering