1 hr ago
Indian IPOs raise ₹7,550 crore despite volatile markets this week
This week, 19 companies started trading their shares on Indian stock exchanges.
Together, they collected about ₹7,550 crore from investors.
Eleven larger companies raised most of the money, while eight smaller SME companies raised the rest.
Some new stocks started trading above their IPO prices.
Others, such as Prasol Chemicals, started below their IPO prices.
This means strong investor demand did not guarantee a higher first-day price.
The broader Nifty 50 market index fell for the sixth week in a row.
Even so, many companies continued to use IPOs to raise money in 2026.
Nineteen companies—11 mainboard and eight SME firms—debuted during the week, collectively raising about ₹7,550 crore.
Mainboard companies raised approximately ₹7,053 crore, led by Rentomojo, Kanohar Electricals and Manipal Payment & Identity Solutions.
SME companies raised a combined ₹496 crore, with Raksan Transformers, Om Galaxy and Maharaja & Speedex India among the largest issues.
Listing performance was mixed: LCC Projects and Karamtara Engineering posted strong premiums, while Prasol Chemicals debuted at about a 10% discount.
The Nifty 50 fell 0.22% for its sixth straight weekly decline, even as 220 companies had listed in 2026 and listed stocks averaged a 27.71% gain.
- Who
- Nineteen companies, including 11 mainboard firms and eight SME firms, listed their shares.
- What
- The companies raised about ₹7,550 crore through IPOs and began trading on stock exchanges.
- Where
- Indian stock exchanges, including the NSE.
- When
- During the reported week; Veegaland Developers debuted on Friday, September 18. The articles also report 2026 year-to-date data.
- Why
- Companies continued raising money through the primary market despite geopolitical tensions, high crude oil prices, foreign investor selling and weakness in the secondary market.
Primary-market resilience
Broader-market caution
IPO activity versus market weakness
Primary-market resilience
The primary market remained active, with 19 companies raising about ₹7,550 crore despite pressure in the secondary market.
Broader-market caution
The Nifty 50 fell 0.22% for a sixth consecutive week amid geopolitical tensions, elevated crude oil prices and continued foreign investor selling.
Subscription and listing outcomes
Primary-market resilience
Several IPOs attracted strong demand, including Kanohar Electricals at 90.6 times subscription, Glass Wall Systems at 81.7 times and Rentomojo at 72.9 times.
Broader-market caution
High subscription did not always lead to gains at listing: Prasol Chemicals debuted at about a 10% discount, while several SME issues did not achieve double-digit premiums.
Key facts
- Total listings
- 19 companies
- Total funds raised
- Approximately ₹7,550 crore
- Mainboard fundraising
- About ₹7,053 crore from 11 companies
- SME fundraising
- ₹496 crore from eight companies
- Largest mainboard issue
- Rentomojo raised ₹1,255.57 crore
- Nifty 50 performance
- Down 0.22%, its sixth consecutive weekly decline
- 2026 listing performance
- 220 companies listed; 136 were trading in profit and 84 in the red, with an average gain of 27.71%
Sources
Related news
India’s IPO Rush Intensifies With 11 Issues Next Week
Tempsens Sets 2026 Record as IPO Boom Peaks in August
Rentomojo, Karamtara IPOs Draw Strong Investor Demand
Six IPOs Make Varied Debuts, Led by LCC Projects
New IPO Listings Capture NSE Turnover as Rentomojo Leads Trading
India's IPO Market Rebounds as Mainboard Issues Surge After Slowdown
Supreme Court Approves NSE-SEBI Co-Location Settlement
NSE IPO Fully Subscribed As Institutional Demand Surges
Power Grid Approves ₹5,000 Crore Bond Fundraising Plan
Bharat Forge Sets Rs 1,947.70 Floor Price for QIP
