6 IPOs Opening Tomorrow: ₹4,500 Crore IPO Rush on September 9, 2026

6 IPOs Opening Tomorrow: ₹4,500 Crore IPO Rush on September 9, Check GMP, Price & Dates

September 8, 2026 — IPO News: The Indian primary market is heading into another massive IPO day as six Mainboard IPOs are scheduled to open for subscription on Wednesday, September 9, 2026.

Together, these six IPOs are looking to raise more than ₹4,500 crore, making September 9 one of the busiest single days for IPO openings in recent years. The lineup includes Rentomojo, ARCIL, Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering.

Investors will be watching the latest IPO GMP, subscription demand and valuations closely as multiple issues compete for investor capital.

6 IPOs Opening on September 9

The six issues together represent approximately ₹4,510 crore of fundraising.

1. Rentomojo IPO

The Rentomojo IPO is the largest issue opening on September 9, with a total issue size of approximately ₹1,255.57 crore.

The price band has been fixed at ₹384 to ₹404 per share, while the minimum lot size is 37 shares.

At the upper price band, retail investors will need approximately ₹14,948 for one lot.

Rentomojo IPO Details

• IPO Dates: September 9–11, 2026
• Price Band: ₹384–₹404
• Lot Size: 37 shares
• Issue Size: ₹1,255.57 crore
• Minimum Investment: ₹14,948
• Listing: September 17, 2026
• Exchanges: NSE & BSE

Rentomojo operates a rental platform offering furniture, appliances and other products to consumers. The IPO will be closely watched because of the company's consumer-tech and rental business model.

The latest grey-market indications remain positive, although GMP figures have been volatile and vary between market trackers.

2. Karamtara Engineering IPO

Karamtara Engineering will also open its IPO on September 9.

The company has fixed the price band at ₹241–₹254 per share, with a lot size of 59 shares.

The total issue size is approximately ₹875 crore.

Karamtara Engineering IPO Details

• IPO Dates: September 9–11, 2026
• Price Band: ₹241–₹254
• Lot Size: 59 shares
• Issue Size: ₹875 crore
• Minimum Investment: Approximately ₹14,986
• Listing: September 17, 2026

Karamtara Engineering operates in the engineering and manufacturing space and is expected to attract investors looking for exposure to India's infrastructure and industrial growth.

3. Manipal Payment & Identity Solutions IPO

The Manipal Payment & Identity Solutions IPO is targeting approximately ₹805 crore through its public issue.

The IPO price band is ₹322–₹339 per share, while the minimum lot size is 49 shares.

Key Details

• IPO Dates: September 9–11
• Price Band: ₹322–₹339
• Lot Size: 49 shares
• Issue Size: ₹805 crore
• Minimum Investment: ₹16,611 at the upper band
• Expected Listing: September 17

The company operates in the payments and identity solutions ecosystem, giving investors exposure to India's rapidly expanding digital payments and identification infrastructure.

4. ARCIL IPO

Asset Reconstruction Company (India) Ltd., commonly known as ARCIL, is another major IPO opening on September 9.

The issue size is approximately ₹732.97 crore and the price band has been fixed at ₹132–₹139 per share.

The lot size is 107 shares, requiring approximately ₹14,873 at the upper price band.

ARCIL IPO Details

• IPO Dates: September 9–11, 2026
• Price Band: ₹132–₹139
• Lot Size: 107 shares
• Issue Size: ₹732.97 crore
• Minimum Investment: ₹14,873
• Expected Listing: September 17

ARCIL operates in the asset reconstruction space, an important segment of India's financial ecosystem focused on stressed and distressed assets.

5. LCC Projects IPO

The LCC Projects IPO will also open on September 9.

The company has set the price band at ₹139–₹146 per share and the lot size at 102 shares.

The total issue size is approximately ₹427.14 crore.

LCC Projects IPO Details

• IPO Dates: September 9–11
• Price Band: ₹139–₹146
• Lot Size: 102 shares
• Issue Size: ₹427.14 crore
• Minimum Investment: ₹14,892
• Expected Listing: September 17

6. Steamhouse India IPO

The sixth IPO opening on September 9 is Steamhouse India.

The company is looking to raise approximately ₹414 crore through the issue.

The price band is ₹77–₹81 per share, with a lot size of 185 shares.

Steamhouse India IPO Details

• IPO Dates: September 9–11
• Price Band: ₹77–₹81
• Lot Size: 185 shares
• Issue Size: ₹414 crore
• Minimum Investment: ₹14,985
• Expected Listing: September 17

₹4,500 Crore IPO Rush Tomorrow

The six IPOs together are expected to raise around ₹4,510 crore.

This comes immediately after three Mainboard IPOs — Kanohar Electricals, Prasol Chemicals and Glass Wall Systems — opened on September 8, highlighting the exceptional pace of India's primary market this week.

Which IPO Has the Highest GMP?

Among the September 9 IPOs, Rentomojo is currently attracting significant grey-market attention, with several market trackers showing a premium.

However, GMP figures are changing rapidly as subscription opens and investor sentiment develops. For example, different trackers are currently reporting substantially different GMP values for Rentomojo and other issues.

Investors should therefore check the latest GMP immediately before applying rather than relying on an older figure.

GMP Watch

GMP = Grey Market Premium

GMP represents the unofficial premium at which IPO shares may trade in the grey market before their official listing. It is not an official exchange price and is not guaranteed to translate into listing gains.

IPO Market Gets Even Busier

The September IPO rush is not stopping with these six issues.

Reports indicate that 16 IPOs and eight listings are scheduled across the broader week, making this one of the busiest stretches for India's primary market in 2026.

At the same time, investors are keeping a close eye on the upcoming NSE IPO after SEBI approval.

The NSE IPO's grey-market premium has already shown significant volatility, falling from around ₹285 to approximately ₹223 on September 8 according to recent market reports.

What Investors Should Check Before Applying

With several IPOs opening simultaneously, investors should avoid making decisions based only on GMP.

Before applying, investors should consider:

• IPO valuation
• Revenue and profit growth
• Debt levels
• Promoter shareholding
• Fresh issue versus OFS
• Use of IPO proceeds
• Industry growth prospects
• Subscription numbers
• QIB participation
• Latest GMP trend
• Post-listing valuation

A strong GMP can indicate positive grey-market sentiment, but it does not guarantee a positive listing or long-term returns.

September 9 IPOs: Final Verdict

September 9, 2026 could become one of the biggest IPO opening days of the year, with six Mainboard companies collectively targeting more than ₹4,500 crore.

Rentomojo is the largest issue by size, while Karamtara Engineering, Manipal Payment & Identity Solutions and ARCIL are also sizeable offerings. LCC Projects and Steamhouse India complete the six-IPO lineup.

With multiple IPOs competing for investor money at the same time, subscription trends and valuations will be particularly important.

Investors should compare all six issues carefully instead of subscribing solely because of a high GMP.

GMP Disclaimer

Grey Market Premium (GMP) is an unofficial market indicator and is not regulated by SEBI or stock exchanges. GMP can change frequently based on market demand and sentiment and does not guarantee listing gains. Investors should conduct their own research and consult a qualified financial adviser before making investment decisions. GMP IPO Watch does not guarantee any investment return.