Archive · 14 Sep 2026
Rentomojo, LCC Projects, Karamtara IPOs Show Strong Demand
Three companies opened their IPOs for investors from September 9 to September 11.
An IPO is when a company offers shares to the public for the first time.
Rentomojo offered shares worth ₹1,255.57 crore.
LCC Projects offered shares worth ₹427.14 crore.
Karamtara Engineering offered shares worth ₹875 crore.
All three IPOs received many more bids than the number of shares available.
Their grey-market premiums suggest that their shares could list above their IPO prices.
These estimates are not guaranteed listing prices.
Rentomojo’s ₹1,255.57 crore IPO was subscribed 72.89 times overall, led by QIB demand of 177.29 times.
LCC Projects’ ₹427.14 crore issue received 49.57 times subscription, with QIBs subscribing 78.73 times.
Karamtara Engineering’s ₹875 crore IPO was subscribed 66.01 times by the end of Day 3.
Grey-market premiums stood at ₹160 for Rentomojo, ₹64 for LCC Projects and ₹71 for Karamtara Engineering.
GMP-based listing estimates are ₹564 for Rentomojo, ₹210 for LCC Projects and ₹325 for Karamtara Engineering.
- Who
- Rentomojo, LCC Projects and Karamtara Engineering, along with investors in their IPOs.
- What
- The three companies’ IPO subscription levels, grey-market premiums and estimated listing prices were compared.
- When
- All three IPOs opened on September 9 and were scheduled to close on September 11; Karamtara’s Day 3 data is dated September 11, 2026.
- Where
- The IPOs were offered in the Indian primary market, while GMP figures came from grey-market trading.
- Why
- The comparison was presented to assess investor demand and potential listing performance for the three IPOs.
- Rentomojo issue size
- ₹1,255.57 crore, including a ₹150 crore fresh issue and a ₹1,105.57 crore offer for sale.
- LCC Projects issue size
- ₹427.14 crore, including a ₹258 crore fresh issue and a ₹169.14 crore offer for sale.
- Karamtara Engineering issue size
- ₹875 crore, including a ₹675 crore fresh issue and a ₹200 crore offer for sale.
- Overall subscription
- Rentomojo: 72.89 times; LCC Projects: 49.57 times; Karamtara Engineering: 66.01 times.
- Grey-market premiums
- Rentomojo: ₹160; LCC Projects: ₹64; Karamtara Engineering: ₹71.
- Estimated listing prices
- Rentomojo: ₹564; LCC Projects: ₹210; Karamtara Engineering: ₹325.