IPO News: 16 IPOs to Open Next Week, ₹7,280 Crore Fundraising on Investors’ Radar
Indian IPO market is heading into another action-packed week, with as many as 16 IPOs scheduled across the Mainboard and SME segments. The upcoming issues are expected to raise more than ₹7,280 crore, while eight companies are also set to make their stock-market debut.
The heavy IPO calendar comes just days after a strong revival in India's primary market. July and August saw significant Mainboard IPO activity, and September is now shaping up to be one of the busiest months of 2026.
For IPO investors, the coming week will be particularly important as several large Mainboard issues will open alongside SME offerings.
16 IPOs Coming Next Week
The IPO activity begins on September 7, 2026, and continues through the week.
Among the major Mainboard IPOs scheduled to open are:
| IPO | Segment | Open Date | Close Date | Issue Size |
|---|---|---|---|---|
| Pranav Constructions | Mainboard | Sep 7 | Sep 9 | ₹351.03 Cr |
| Prasol Chemicals | Mainboard | Sep 8 | Sep 10 | ₹500 Cr |
| Glass Wall Systems | Mainboard | Sep 8 | Sep 10 | ₹423 Cr |
| Kanohar Electricals | Mainboard | Sep 8 | Sep 10 | ₹1,055.74 Cr |
| Rentomojo | Mainboard | Sep 9 | Sep 11 | — |
| ARCIL | Mainboard | Sep 9 | Sep 11 | ₹732.97 Cr |
| Manipal Payment & Identity Solutions | Mainboard | Sep 9 | Sep 11 | — |
| Karamtara Engineering | Mainboard | Sep 9 | Sep 11 | ₹875 Cr |
The week will also feature several SME IPOs, giving investors opportunities across both market segments. Current IPO calendars list multiple SME offerings opening during the same period.
Pranav Constructions IPO Opens September 7
Pranav Constructions will be among the first Mainboard IPOs to open next week.
The issue is scheduled to open on September 7 and close on September 9, 2026, with an issue size of approximately ₹351 crore.
Investors will be watching the IPO's subscription numbers and GMP trend closely as the issue progresses.
Prasol Chemicals IPO
Prasol Chemicals IPO is scheduled to open on September 8.
The IPO has an issue size of approximately ₹500 crore, with the current reported price band at ₹643–₹676 per share.
The IPO is expected to remain on investors' radar because of its Mainboard status and the strong activity surrounding September's primary-market issues.
Kanohar Electricals IPO: ₹1,055.74 Crore Issue
One of the largest issues scheduled for the week is Kanohar Electricals.
The IPO is scheduled to open on September 8 and close on September 10 and has an issue size of approximately ₹1,055.74 crore.
The IPO is particularly important because it is among the largest Mainboard offerings in the upcoming weekly calendar.
Glass Wall Systems IPO
Glass Wall Systems India IPO is also scheduled to open on September 8.
The issue is expected to remain open until September 10, with an issue size of approximately ₹423 crore.
Investors should monitor the IPO's price band, subscription figures and GMP movement as the issue approaches its opening.
Rentomojo IPO Opens September 9
Rentomojo IPO is another major issue investors will be watching.
The IPO is scheduled for September 9–11, 2026, with a reported price band of ₹384–₹404 per share. Current market reports are also tracking a positive grey-market premium for the issue.
Because GMP can change quickly, investors should check the latest GMP before making an application decision.
ARCIL IPO
Asset Reconstruction Company (India) Limited (ARCIL) is scheduled to open its IPO on September 9.
The reported price band is ₹132–₹139 per share, while the issue size is approximately ₹732.97 crore.
The IPO will be another significant Mainboard issue competing for investor capital during an already crowded week.
Karamtara Engineering IPO
Karamtara Engineering has fixed its IPO price band at ₹241–₹254 per share.
The IPO is scheduled to open on September 9 and close on September 11, with an issue size of approximately ₹875 crore.
The company operates in the renewable-energy supply chain, making the issue one of the notable industrial and clean-energy-related IPOs in the upcoming calendar.
Manipal Payment & Identity Solutions IPO
Another Mainboard IPO scheduled for September 9 is Manipal Payment & Identity Solutions.
The current IPO calendar indicates an issue price band of approximately ₹322–₹339 per share, with subscription scheduled for September 9–11.
Investors should watch the company's valuation, financial performance and subscription response before taking an investment decision.
IPO GMP: What Investors Should Watch
With so many IPOs opening simultaneously, Grey Market Premium (GMP) is expected to remain one of the most searched IPO indicators.
However, investors should remember that GMP is an unofficial market indicator.
A simple example:
IPO Price: ₹400
GMP: ₹80
Indicative price based on GMP:
₹400 + ₹80 = ₹480
Indicative premium:
20%
But this does not mean the stock will definitely list at ₹480.
GMP can change before listing, and actual listing performance depends on market conditions, demand, valuation and broader investor sentiment.
8 IPO Listings Also Expected
The coming week will not only be about new IPO subscriptions.
Reports indicate that eight companies are scheduled to list, adding another layer of activity to the primary market.
Investors should therefore monitor:
- IPO allotment status
- Listing price
- Listing gains or losses
- GMP versus actual listing price
- Post-listing trading volume
- Institutional participation
The performance of recent IPO listings could also influence sentiment toward the new issues opening during the week.
NSE IPO Adds More Excitement
The busy IPO calendar comes at the same time as India's biggest potential IPO story of the year.
The National Stock Exchange (NSE) has received SEBI approval for its long-awaited IPO. Reports indicate that the issue could be valued at around ₹30,000 crore, potentially making it India's largest IPO.
NSE is reportedly targeting the week beginning September 21 for its IPO, although investors should wait for the official announcement for the final dates. The price is expected to be around ₹1,800 per share based on current reports, while the final price band is yet to be announced.
The NSE IPO could become the biggest headline of India's September IPO season.
September 2026 IPO Market Gets Bigger
The current IPO rush is part of a broader recovery in India's primary market.
Market reports estimate that Indian companies could raise approximately ₹20,000–₹25,000 crore during September 2026, making the month particularly important for IPO investors.
The combination of:
- Large Mainboard IPOs
- SME IPOs
- NSE IPO
- Strong retail participation
- Active GMP market
- Multiple upcoming listings
has made September one of the most closely watched IPO months of the year.
What Should Investors Check Before Applying?
With several IPOs competing for investor money at the same time, investors should avoid applying solely because an IPO has a high GMP.
Before applying, check:
1. Valuation
Compare the IPO valuation with listed competitors.
2. Financial Performance
Look at revenue, profit, margins and cash flow.
3. IPO Objective
Understand whether the issue is a fresh issue or an Offer for Sale.
4. Debt
Check the company's debt levels and interest obligations.
5. GMP Trend
Look at the direction of GMP rather than a single day's premium.
6. Subscription
Monitor QIB, NII and retail subscription separately.
7. Market Conditions
A weak broader market can affect even a fundamentally strong IPO.
IPO Calendar for the Week: Quick Look
September 7
- Pranav Constructions IPO
September 8
- Prasol Chemicals IPO
- Glass Wall Systems IPO
- Kanohar Electricals IPO
September 9
- Rentomojo IPO
- ARCIL IPO
- Manipal Payment & Identity Solutions IPO
- Karamtara Engineering IPO
- Multiple SME IPOs
The exact subscription schedule for each issue should be checked against the latest official IPO documents before applying. Current market calendars show the above issues as part of the September 7–11 IPO rush.
Final Takeaway
The September 7–11 IPO week is shaping up to be one of the busiest periods of India's 2026 primary market.
With 16 IPOs across Mainboard and SME segments, more than ₹7,280 crore in expected fundraising, and eight listings scheduled, investors will have plenty of opportunities to track.
At the same time, the upcoming NSE IPO could bring an unprecedented level of attention to India's primary market later this month.
For investors, the key is to compare fundamentals, valuation, subscription demand and GMP rather than chasing the highest grey-market premium.
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Disclaimer: IPO GMP is an unofficial market indicator and does not guarantee the actual listing price or future performance of any stock. IPO dates, price bands, GMP figures and issue details may change. Investors should read the official offer documents and consult a SEBI-registered investment advisor before making investment decisions.
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