Archive · 4 Sep 2026
Four Indian Firms Target ₹3,362 Crore Through IPOs Next Week
Four companies in India are planning to sell shares to the public next week.
Together, they hope to raise ₹3,362 crore.
Rentomojo rents furniture and appliances and wants to raise ₹1,255 crore.
Manipal Payment and Identity Solutions works on payment, identification and smart technology solutions.
Karamtara Engineering makes products for renewable energy and transmission lines.
LCC Projects works on irrigation and water-supply construction projects.
Each company has announced a price range for its shares.
Some of the money will be used for debt repayment, new equipment, business expansion and general company needs.
Four companies will launch initial public offerings on September 9, collectively seeking ₹3,362 crore.
Rentomojo has set a ₹384–404 price band for its ₹1,255-crore IPO.
Manipal Payment and Identity Solutions will offer shares at ₹322–339 in an ₹805-crore issue.
Karamtara Engineering's ₹875-crore IPO has a ₹241–254 price band and includes expansion plans.
LCC Projects will raise ₹427 crore at ₹139–146 per share and has a ₹7,953-crore order book.
- Who
- Rentomojo, Manipal Payment and Identity Solutions, Karamtara Engineering and LCC Projects.
- What
- The four companies will launch IPOs collectively worth ₹3,362 crore.
- When
- The offerings are scheduled to open on September 9, 2026; the report was published September 4, 2026.
- Where
- The companies are based or operate in India.
- Why
- They are raising funds for purposes including debt repayment, equipment purchases, business expansion and general corporate needs.
- Combined fundraising
- ₹3,362 crore across four IPOs
- Opening date
- September 9, 2026
- Rentomojo
- ₹1,255 crore; price band ₹384–404 per share
- Manipal Payment and Identity Solutions
- ₹805 crore; price band ₹322–339 per share
- Karamtara Engineering
- ₹875 crore; price band ₹241–254 per share
- LCC Projects
- ₹427 crore; price band ₹139–146 per share
- Regulatory clearance
- SEBI cleared four IPOs, including those of NSE, RKB Global, Monomark Engineering (India) and Cosmic PV Power.