LIVE BLOG09 Sep 2026 | 03:10:17 PM ISTRentomojo IPO GMP Today Live UpdatesSynopsisRentomojo IPO GMP Live: The IPO has opened for subscription on September 9, giving investors a three-day window to place their bids. The issue is a combination of a fresh issue and an offer for sale (OFS). Manipal Payment & Identity Solutions IPO is a book-built issue of Rs 805 crore, making it the third-largest IPO among the six issues opening on September 9.The primary market is set for a busy session, with as many as six mainboard IPOs opening for subscription today. Investors will have multiple options to choose from as Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction hit the market simultaneously. Among the six offerings, Rentomojo IPO is the largest, aiming to raise Rs 1,255.57 crore. Karamtara Engineering IPO follows with an issue size of Rs 875 crore, while Manipal Payment & Identity Solutions IPO is looking to raise around Rs 805 crore. Asset Reconstruction IPO will raise Rs 732.97 crore, while LCC Projects and Steamhouse India are targeting Rs 427.14 crore and Rs 414 crore, respectively. Show more Show less1 New UpdateRentomojo IPO GMP Live Updates: Rentomojo IPO fully subscribed on Day 1; NII portion subscribed nearly 1.5xTotal: 1.01 timesQualified Institutional Buyers(QIBs)​: 0.41 timesNon Institutional Investors​: 1.48 timesRetail Individual Investors(RIIs)​: 1.16 timesPrasol Chemicals IPO GMP Live Updates: Should You Subscribe?According to an Anand Rathi research report, Prasol Chemicals is seeking a valuation of around 48 times its FY26 earnings, implying a post-issue market capitalisation of approximately Rs 40,008 million. This indicates that the IPO is fully priced at the current valuation.The company’s operations are dependent on its manufacturing facilities, and any unplanned shutdowns could disrupt production and impact overall business operations. However, its strong product portfolio, focus on R&D-led innovation and diversified global customer base provide a solid foundation for long-term growth in the specialty chemicals sector.Taking these factors into consideration, Anand Rathi has assigned a “Subscribe for Long Term” rating to the IPO.Prasol Chemicals IPO GMP Live Updates: About CompanyPrasol Chemicals Ltd., incorporated in 1992, is a specialty chemicals manufacturer with a portfolio of more than 150 products, spanning acetone-based, phosphorous-based and other specialty chemicals. The company serves a diverse range of industries, including performance chemicals, paints and inks, construction and adhesives, pharmaceuticals, agrochemicals, and home and personal care.Prasol Chemicals IPO GMP Live Updates: Financial PerformancePrasol Chemicals Ltd. reported a 22% year-on-year increase in total income, rising from Rs 1,015.54 crore in FY25 to Rs 1,237.85 crore in FY26. Profit after tax (PAT) surged 91% to Rs 83.12 crore in FY26, compared with Rs 43.57 crore in the previous fiscal, reflecting a significant improvement in profitability.Prasol Chemicals IPO GMP Live Updates: Objects of the IssueThe company plans to use the IPO proceeds primarily to repay or prepay certain borrowings, either fully or partially, amounting to approximately Rs 60 crore. Any surplus funds will be deployed towards general corporate purposes. The total issue proceeds are estimated at Rs 60 crore.Karamtara Engineering IPO GMP Live Updates: FinancialsKaramtara Engineering IPO GMP Live Updates: Registrar to the OfferMUFG Intime India Private Limited is the Registrar to the OfferKaramtara Engineering IPO GMP Live Updates: Issue DetailsKaramtara Engineering IPO GMP Live Updates: Share Holding Pattern %Karamtara Engineering IPO GMP Live Updates: Book Running Lead ManagersJM Financial LimitedICICI Securities LimitedIIFL Capital Services LimitedRentomojo IPO GMP Live Updates: Should You Subscribe to the Rentomojo IPO?SBI Securities has assigned a “Subscribe” rating to the Rentomojo IPO, citing the company’s market leadership, robust growth, improving profitability and favourable long-term industry prospects.The brokerage said Rentomojo is India’s largest organised furniture and appliance rental platform, supported by a recurring subscription-led business model and an expanding subscriber base. Its integrated operations spanning procurement, refurbishment, logistics and asset redeployment further enable the company to optimise the utilisation of its rental assets.Rentomojo IPO GMP Live Updates: About RentomojoRentomojo is an India-based direct-to-consumer (D2C) rental and subscription platform that provides customers with flexible access to furniture and appliances without the need for upfront ownership costs.The company manages the entire asset lifecycle, covering procurement, refurbishment, servicing, reverse logistics and redeployment. This integrated approach is aimed at improving asset utilisation while enhancing capital efficiency.Rentomojo IPO GMP Live Updates: Issue ObjectivesThe proceeds from the Rentomojo IPO will be utilised for multiple corporate purposes. A portion of the funds will be used to repay or prepay, either fully or partially, certain outstanding borrowings, including the accrued interest on these loans. The company also plans to allocate part of the proceeds towards lease rentals and licence fees for its warehouses and experience stores. The remaining funds will be used for general corporate purposes.Rentomojo IPO GMP Live Updates: Anchor investorsRentomojo has raised Rs 376 crore from anchor investors ahead of its initial public offering. The company allotted 93 lakh shares to 41 anchor investors at Rs 404 per share. The anchor allocation price comprises a face value of Rs 1 per share and a share premium of Rs 403.Rentomojo IPO GMP Live Updates: Subscription StatusSubscription StatusTotal: 0.26 timesRetail Individual Investors (RIIs): 0.35 timesNon-Institutional Investors (NIIS): ​0.38 timesEmployee Reserved: 0.37 timesQualified Institutional Buyers (QIBs): 0 timesIPO GMP Today Live Updates: Infrax Renewable IPO: No GMP, flat listing indicatedInfrax Renewable IPO, which aims to raise Rs 40.88 crore, unlike Vinod Texworld and Amtech Esters, the issue is currently trading without any grey market premium (GMP).A zero GMP suggests that the shares could potentially list close to the issue price. However, GMP is an unofficial indicator and may fluctuate ahead of the listing.IPO GMP Today Live Updates: Amtech Esters IPO: 9% premium in grey marketAmtech Esters IPO is also witnessing positive sentiment in the grey market. The IPO is currently commanding a GMP of around Rs 7 per share, translating into a premium of nearly 9% over the upper price band of Rs 75. If the current GMP sustains, the estimated listing price could be around Rs 82 per share.The Rs 17.88-crore book-built issue is entirely a fresh issue of 23.84 lakh shares. The price band has been set at Rs 71 to Rs 75 per share.IPO GMP Today Live Updates: Vinod Texworld IPO: 16% GMP puts it in the spotlightVinod Texworld IPO has emerged as a grey-market favourite. Priced at Rs 94 per share, the issue is currently commanding a grey market premium (GMP) of around Rs 15, indicating a premium of nearly 16% over the issue price. At the prevailing GMP, the estimated listing price stands at approximately Rs 109 per share.Prasol Chemicals IPO Day 2: GMP, subscription status. Should you subscribe?The Prasol Chemicals IPO has entered its second day of bidding, with investors able to subscribe to the issue until September 10. While the public offering has attracted some investor interest, its grey market premium (GMP) remains subdued. The IPO is currently trading at a modest 4% premium in the grey market, indicating limited potential for listing gains if the current trend persists.Pranav Constructions IPO Day 3: GMP at 35%, subscription reaches 18.21x — Should you subscribe?The Pranav Constructions IPO enters its third and final day of bidding on September 9, with investor interest remaining strong. The issue continues to trade at a premium in the grey market, with the grey market premium (GMP) rising to 35% from 34% earlier.The increase in GMP signals positive investor sentiment and raises expectations of a potentially strong listing for the company’s shares.IPO GMP Today Live Updates: Rentomojo, Karamtara Engineering, 4 other mainboard IPOs open for bidding. Check GMP & other key detailsThe primary market is set for a busy session on September 9, with six mainboard IPOs opening for subscription. Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction have launched their public issues, offering investors multiple opportunities to participate in the IPO market.IPO GMP Today Live Updates: Asset Reconstruction IPO opens todayAsset Reconstruction’s IPO is a ₹732.97 crore book-built issue and is entirely an offer for sale (OFS). The offering comprises 5.27 crore shares worth ₹732.97 crore, with no fresh issue component.The IPO will open for subscription on September 9, 2026, and close on September 11. The share allotment is expected to be finalised on September 15, with the shares scheduled to list on the NSE and BSE on September 17.The price band has been fixed at ₹132-₹139 per share, with a lot size of 107 shares. At the upper end of the price band, retail investors will need to invest a minimum of ₹14,873.IPO GMP Today Live Updates: Manipal Payment & Identity Solutions IPO opens todayManipal Payment & Identity Solutions’ IPO is a ₹805 crore book-built issue, making it the third-largest among the six IPOs opening on September 9.The offering comprises a fresh issue of 94.40 lakh shares aggregating to ₹320 crore and an offer for sale (OFS) of 1.43 crore shares worth ₹485 crore.IPO GMP Today Live Updates: Steamhouse India IPO opens todaySteamhouse India’s IPO is a ₹414 crore book-built issue comprising a fresh issue of 4.36 crore shares worth ₹353 crore and an offer for sale (OFS) of 75.31 lakh shares aggregating to ₹61 crore.The IPO will open for subscription on September 9, 2026, and close on September 11. The share allotment is expected to be finalised on September 15, with the shares likely to be listed on the NSE and BSE on September 17.IPO GMP Today Live Updates: LCC Projects IPO opens todayLCC Projects’ IPO is a book-built issue worth ₹427.14 crore. The offering comprises a fresh issue of 1.77 crore shares aggregating to ₹258 crore and an offer for sale (OFS) of 1.16 crore shares worth ₹169.14 crore.The IPO will open for subscription on September 9, 2026, and close on September 11. The share allotment is expected to be finalised on September 15, while the shares are proposed to be listed on the NSE and BSE on September 17.IPO GMP Today Live Updates: Karamtara Engineering IPO opens todayKaramtara Engineering’s IPO is a book-built issue worth ₹875 crore. The offering includes a fresh issue of 2.66 crore shares aggregating to ₹675 crore and an offer for sale (OFS) of 78.74 lakh shares worth ₹200 crore.The IPO will open for subscription on September 9, 2026, and close on September 11. The share allotment is expected to be finalised on September 15, with the company’s shares scheduled to list on the NSE and BSE on September 17.IPO GMP Today Live Updates: Rentomojo IPO GMP todayThe Rentomojo IPO GMP (Grey Market Premium) currently stands at 33%, or Rs 134 per share, over the upper end of the IPO price band of Rs 404. Based on the latest GMP, the estimated listing price of Rentomojo shares is around Rs 538, indicating a potential listing gain of approximately 32% over the upper issue price.IPO GMP Today Live Updates: Should you subscribe to the Rentomojo IPO?SBI Securities has given the Rentomojo IPO a “Subscribe” rating, citing the company’s market leadership, strong growth, improving profitability and favourable long-term industry outlook. At the upper price band of Rs 404 per share, Rentomojo is valued at a post-issue P/E of 39.4x based on FY26 earnings. Despite the relatively high valuation, SBI Securities believes the company’s market leadership, robust growth trajectory, improving profitability and favourable industry opportunity justify the premium.IPO GMP Today Live Updates: About RentomojoRentomojo is an India-based D2C rental and subscription platform offering flexible access to furniture and appliances without upfront ownership costs. The company manages the end-to-end asset lifecycle, including procurement, refurbishment, servicing, reverse logistics and redeployment, helping improve asset utilisation and capital efficiency.IPO GMP Today Live Updates: Rentomojo raised Rs 376 crore from anchor investors ahead of IPORentomojo has raised Rs 376 crore from anchor investors ahead of its initial public offering. The company allotted 93 lakh shares to 41 anchor investors at Rs 404 per share. The anchor allocation price includes a face value of Rs 1 per share and a share premium of Rs 403 per share. The anchor book saw participation from several large domestic and global investors, including Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, BlackRock Global Funds - India Fund, ICICI Prudential Quality Fund, HDFC Mutual Fund, Mirae Asset Great Consumer Fund, Motilal Oswal Large Cap Fund and HDFC Standard Life Insurance Company.IPO GMP Today Live Updates: Rentomojo IPO key datesThe IPO will open for subscription on September 9 and close on September 11, 2026. The allotment is expected to be finalised on September 15, while the shares are tentatively scheduled to list on NSE and BSE on September 17.