IPOs Opening This Week: 6 Mainboard IPOs from 9–11 September 2026
Six mainboard IPOs are opening this week, all between 9 and 11 September 2026 — Manipal Payment & Identity Solutions Limited, LCC Projects Limited, Asset Reconstruction Company (India) Limited, Rentomojo Limited, Karamtara Engineering Limited, and Steamhouse India Limited. Together they span payment card manufacturing, irrigation EPC, stressed-asset reconstruction, furniture and appliance rental, renewable energy and transmission equipment, and industrial steam supply — one of the widest sector spreads seen in a single IPO week so far in 2026.
Six Mainboard IPOs Opening This Week
Here is a quick comparison of the six mainboard IPOs opening between 9 and 11 September 2026, including their price bands, lot sizes, minimum investment, issue sizes, allotment dates and listing dates.
Manipal Payment & Identity Solutions IPO
LCC Projects IPO
Asset Reconstruction Company (India) IPO
Rentomojo IPO
Karamtara Engineering IPO
Steamhouse India IPO
Manipal Payment & Identity Solutions IPO
Manipal Payment & Identity Solutions (MPISL) is India's largest banking and smart card manufacturer, offering end-to-end card design, production, personalisation, and delivery to banks and government agencies, with a presence extending to the UK, Europe, Asia-Pacific, and the Middle East and Africa across 10 manufacturing facilities and 19 units in 11 cities.
- Price band: ₹322–339 per share
- Lot size: 44 shares
- Minimum retail investment: ₹14,916
- Retail portion: 10%
- Registrar: MUFG Intime India Pvt. Ltd.
Check Manipal Payment & Identity Solutions IPO Detail page for more information.
LCC Projects IPO
Founded in 2017, LCC Projects is an EPC company focused on irrigation and water supply infrastructure — dam construction, barrages, canals, pipe distribution networks, and lift irrigation schemes — with an order book of 68 projects as of September 2024 spanning 11 states.
- Price band: ₹139–146 per share
- Lot size: 102 shares
- Minimum retail investment: ₹14,892
- Retail portion: 35%
- Registrar: Kfin Technologies Ltd.
Check LCC Projects IPO Detail page for more information.
Asset Reconstruction Company (India) IPO
Asset Reconstruction Company (India) is among the country's largest asset reconstruction companies, acquiring and resolving stressed financial assets across corporate, SME, and retail loan segments through restructuring, SARFAESI enforcement, and negotiated settlements.
- Price band: ₹132–139 per share
- Lot size: 107 shares
- Minimum retail investment: ₹14,873
- Retail portion: 35%
- Registrar: MUFG Intime India Pvt. Ltd.
Check Asset Reconstruction Company (India) IPO Detail page for more information.
Rentomojo IPO
Rentomojo operates a direct-to-consumer furniture and appliance rental platform, describing itself as the largest such platform by live subscriptions and subscription revenue in Fiscal 2025, with over 227,000 live subscribers across 22 cities as of September 2025.
- Price band: ₹384–404 per share
- Lot size: 37 shares
- Minimum retail investment: ₹14,948
- Retail portion: 35%
- Registrar: Kfin Technologies Ltd.
Check Rentomojo IPO Detail page for more information.
Karamtara Engineering IPO
Karamtara Engineering, operating since 1996, manufactures solar structures, fasteners, and transmission line fittings, with exports to more than 50 countries and its own galvanizing and rolling mill capacity — one of the largest in India's solar segment.
- Price band: ₹241–254 per share
- Lot size: 59 shares
- Minimum retail investment: ₹14,986
- Retail portion: 35%
- Registrar: MUFG Intime India Pvt. Ltd.
Check Karamtara Engineering IPO Detail page for more information.
Steamhouse India IPO
Incorporated in 2015, Steamhouse India is a Surat-based industrial utility company supplying steam and gas to industrial clients through a pipeline network spanning over 45 kilometres across zones including Sachin, Vapi, and Ankleshwar.
- Price band: To be announced
- Lot size: To be announced
- Retail portion: 35%
- Registrar: Kfin Technologies Ltd.
Check Steamhouse India IPO Detail page for more information.
How Retail IPO Applications Work
A few terms recur across every IPO and are worth understanding once:
Price band is the price range within which a company invites bids in a book-built IPO. In a fixed-price issue, a single price is set instead of a range.
IPO lot size is the minimum number of shares in one application lot. Investors cannot apply for a single share — applications must be made in multiples of the prescribed lot size.
Offer for sale (OFS) is the portion of an issue where existing shareholders sell their shares; proceeds go to those shareholders, not the company. A fresh issue creates new shares, with proceeds going to the company.
Retail quota is the percentage of the total issue specifically reserved for individual retail investors, separate from the portions reserved for institutional and high-net-worth investors.
Track These IPOs on IPO Ji
With six IPOs opening on the exact same three-day window this week, tracking each issue's live subscription numbers and confirmed pricing individually is especially useful. The IPO Ji app (also on iOS) and website let readers follow live IPO subscription figures, unofficial grey market premium (GMP) trends, allotment status, and confirmed timelines as each issue progresses.
Frequently Asked Questions
Which IPOs are opening this week in September 2026?
Six mainboard IPOs are opening this week, all between 9–11 September 2026: Manipal Payment & Identity Solutions Limited, LCC Projects Limited, Asset Reconstruction Company (India) Limited, Rentomojo Limited, Karamtara Engineering Limited, and Steamhouse India Limited.
Do all six IPOs share the same dates?
Yes. All six IPOs open on 9 September 2026, close on 11 September 2026, are scheduled for allotment on 15 September 2026, and are scheduled to list on 17 September 2026.
Which is the largest IPO opening this week?
Rentomojo Limited is the largest IPO opening this week, with an issue size of ₹1,255.57 crore.
Which is the smallest IPO opening this week?
Steamhouse India Limited is the smallest IPO opening this week, with an issue size of ₹414 crore. Its price band and lot size are yet to be announced.
Which IPO has the lowest retail quota?
Manipal Payment & Identity Solutions has the lowest retail quota among these IPOs, at 10%. The other five IPOs each have a 35% retail quota.
What is the price band of Rentomojo IPO?
Rentomojo Limited has a price band of ₹384–404 per share, with a lot size of 37 shares and a minimum retail investment of ₹14,948.
Is Asset Reconstruction Company (India) IPO a fresh issue?
No. The Asset Reconstruction Company (India) IPO is entirely an offer for sale of ₹732.97 crore, with no fresh issue component. This means the proceeds go to the selling shareholders rather than the company.
When will allotment and listing be finalized for these IPOs?
All six IPOs — Manipal Payment & Identity Solutions, LCC Projects, Asset Reconstruction Company (India), Rentomojo, Karamtara Engineering, and Steamhouse India — are scheduled for allotment on 15 September 2026 and listing on 17 September 2026.
