India’s IPO market is set for a very busy day on September 9, 2026. Six mainboard IPOs will open for public subscription on the same day. The companies are Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering. Together, these six issues aim to raise about ₹4,386 crore from investors.
The event stands out because it is the first time in about 30 years that six mainboard IPOs are set to open on one day. Data from Prime Database shows that the last such occasion was October 14, 1996. At that time, six offers opened on the same day. The current rush shows how active India’s primary market has become in 2026.
All six IPOs will remain open from September 9 to September 11. The shares are expected to list on both the BSE and NSE. The large number of issues gives investors several choices, but it also means that investors may need to be more selective before they put money into any one offer.
Rentomojo IPO
Rentomojo has the largest issue among the six IPOs. The company plans to raise ₹1,255.57 crore through its public offer. Its price band has been set at ₹384 to ₹404 per share. The IPO will open on September 9 and close on September 11.
Rentomojo is known for its rental business, where customers can access furniture and other products without the need to buy them outright. The IPO has attracted attention because of its size and the growth potential of the rental market.
The issue includes both fresh shares and an offer for sale. The fresh part will bring new funds into the company, while the offer for sale will allow existing shareholders to sell part of their holdings.
For investors, the key point is that the company comes to the market at a time when investors have several other IPO choices. This could make the response to the issue an important sign of market demand.
Asset Reconstruction Company IPO
Asset Reconstruction Company (India), also known as ARCIL, plans to raise ₹732.97 crore. Its price band is ₹132 to ₹139 per share. The IPO will open on September 9 and close on September 11. The company is expected to list on September 17.
ARCIL is an asset reconstruction company. Its business involves the purchase and management of stressed assets from banks and other financial institutions. It works across corporate, small business and retail loan segments.
Unlike several other offers in this group, the ARCIL IPO is a complete offer for sale. This means the company itself will not receive the IPO money from the sale of these shares. Existing shareholders will sell their holdings through the offer.
The IPO has a price band of ₹132 to ₹139. Retail investors can bid for a minimum of 107 shares, which at the upper price comes to ₹14,873.
Manipal Payment & Identity Solutions IPO
Manipal Payment & Identity Solutions has set its IPO size at ₹805 crore. The price band is ₹322 to ₹339 per share. The public offer will open on September 9 and close on September 11.
The IPO includes a fresh issue of ₹320 crore and an offer for sale of ₹485 crore. The company has reduced the size from its earlier plan, which included a ₹400 crore fresh issue and a larger offer for sale.
The company works in payment card issuance and related identity solutions. It serves banks, fintech firms, non-banking financial companies and government clients. According to the available IPO details, it has a major share in India’s credit and debit card issuance market.
At the upper end of the price band, the company will have a valuation of about ₹7,858 crore. A large part of the fresh issue proceeds will go toward the purchase and installation of new and used equipment.
Steamhouse India IPO
Steamhouse India plans to raise ₹414 crore through its IPO. Its price band is ₹77 to ₹81 per share. The issue will open on September 9 and close on September 11.
The IPO includes a fresh issue of ₹353 crore and an offer for sale of ₹61 crore. One notable development came before the public issue opened. Steamhouse India raised ₹124.2 crore from anchor investors. The shares were allotted at ₹81 each, which is the upper end of the price band.
The anchor investment is notable because these investors often include large institutions and funds. Their participation can provide an early indication of institutional interest in an IPO, although it does not guarantee strong performance after listing.
LCC Projects IPO
LCC Projects is also part of the six-company IPO rush. The company plans to raise ₹427.14 crore. Its price band has been fixed at ₹139 to ₹146 per share. The issue will remain open from September 9 to September 11.
The IPO includes a fresh issue of ₹258 crore and an offer for sale of ₹169.14 crore. The company is set to list on both the NSE and BSE.
LCC Projects enters the market at a time when investors have many choices. Its performance during the three-day subscription period will therefore be watched closely. The response could also show whether investors are ready to spread their money across several new issues at the same time.
Karamtara Engineering IPO
Karamtara Engineering plans to raise ₹875 crore through its IPO. Its price band is ₹241 to ₹254 per share. The issue will open on September 9 and close on September 11. The shares are expected to list on September 17.
The IPO includes a fresh issue of ₹675 crore and an offer for sale of ₹200 crore. The company is therefore set to receive a major part of the money raised through the issue.
Karamtara Engineering is another large offer in this group, after Rentomojo. Its ₹875 crore size means it will compete directly for investor money with four other mainboard IPOs that open on the same day.
Why Six IPOs Are Coming Together
The sudden rush is not simply a coincidence. The IPO market works in cycles, and companies often try to enter the market when investor demand is strong. Current market conditions have given companies a chance to raise money from public investors.
Experts have also pointed out that many existing shareholders are using the current market window to sell part of their holdings. ARCIL’s entire ₹732.97 crore issue is an offer for sale, while Manipal Payment & Identity Solutions has ₹485 crore of its ₹805 crore issue in the offer-for-sale portion.
The current pipeline also has other large IPOs. The National Stock Exchange, for example, is expected to come to the market later in September. This could keep investor attention on IPOs for several more weeks.
What This Means for Investors
The six IPOs create both opportunity and a challenge. Investors now have more choices, but they also need to decide how to divide their available capital.
The combined size of the six mainboard issues is about ₹4,386 crore, according to Prime Database data cited by Business Standard. This is far larger than the amount raised by the six issues that opened together in 1996. The current figure shows how much the Indian IPO market has expanded over the past three decades.
Investors should not choose an IPO only because it is popular or because there is strong market talk around it. The business model, financial performance, valuation, use of IPO proceeds and risks deserve close attention.
A Record IPO Day
September 9 could become an important date for India’s primary market. Six mainboard IPOs will open together for the first time in roughly three decades, with a combined fund-raising target of ₹4,386 crore.
Rentomojo leads the group by issue size, followed by Karamtara Engineering, Manipal Payment & Identity Solutions, ARCIL, LCC Projects and Steamhouse India. Each company comes from a different business area, which gives investors a wide range of choices.
The response to these six issues will provide a useful picture of investor confidence in India’s IPO market. A strong response across several offers could show that demand remains healthy. At the same time, weak demand for some issues could show that investors have become more careful about valuations.
With all six IPOs open from September 9 to September 11, the next few days will be closely watched. The final subscription numbers, allotment details and listing performance will ultimately show which companies managed to win investor confidence.
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