IPO Live Updates 2026: Rentomojo, Karmatara Fulli and LCC Projects
India’s primary market is witnessing strong activity this week, with several companies opening their initial public offerings (IPOs). The latest IPO Live Updates 2026 shows that Rentomojo, Karamtara Engineering, and LCC Projects saw strong investor interest on the first day of bidding on September 9th. All three IPOs reached full subscription before the close of the first day, reflecting the growing demand for new-age businesses, engineering companies, and infrastructure-related opportunities in the Indian market.
India’s IPO market is entering a particularly busy phase. Six mainboard IPOs opened for subscription on September 9th, expected to raise a total of over ₹4,500 crore. This lineup includes Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment and Identity Solutions, and Asset Reconstruction Company (India).
Among these offerings, Rentomojo has emerged as one of the most-watched IPOs. The Bengaluru-based company operates a rental and subscription platform for furniture, appliances, and other home products. Its ₹1,255.57 crore IPO includes a fresh issue of ₹150 crore and an offer for sale of approximately ₹1,105.57 crore. The price band has been fixed at ₹384 to ₹404 per share. IPO Live Updates 2026
Key Highlights
- Rentomojo, Karamtara Engineering and LCC Projects were fully subscribed on Day 1 of bidding.
- Rentomojo is raising around ₹1,256 crore, with a price band of ₹384–₹404 per share.
- Karamtara Engineering’s IPO is worth ₹875 crore, with a price band of ₹241–₹254 per share.
- LCC Projects is looking to raise around ₹427 crore, with a price band of ₹139–₹146 per share.
Rentomojo IPO Receives Strong Investor Response
The Rentomojo IPO received a particularly strong response from investors on its first day. According to Reuters, the issue received bids for 22.07 million shares compared to the 21.77 million shares requested, resulting in total subscriptions exceeding the number of shares offered. Retail investors subscribed 1.16 times their reserved portion, while non-institutional investors subscribed 1.48 times. IPO Live Updates 2026
This performance is significant because Rentomojo is entering the public market with a business model that differs from traditional manufacturing or financial-services companies typically seen in the IPO market. The company has built its business around rental and subscription services, allowing customers to access furniture and appliances without having to purchase them directly. IPO Live Updates 2026
The company has also shown strong financial growth recently. Its revenue grew 45.5% to ₹387 crore in the financial year ended March 31, while profit reportedly increased 142% to ₹104 crore. IPO proceeds include debt repayment, as well as funding for lease and licensing obligations.
However, investors should not consider strong subscription numbers as a guarantee of listing gains. The long-term performance of an IPO depends on business growth, profitability, competition, valuation, and broader market conditions. IPO Live Updates 2026
Karmatara Engineering and LCC projects also saw strong demand
Karmtara Engineering’s IPO was another major investor attraction on the first day. The company is looking to raise ₹875 crore through its public issue. The IPO consists of a fresh issue of ₹675 crore and an offer for sale of up to ₹200 crore. Its price band has been fixed at ₹241–₹254 per share. IPO Live Updates 2026
Karmtara Engineering manufactures engineering steel products and has exposure to sectors such as renewable energy and power transmission. The company’s business positioning makes this IPO particularly interesting for investors tracking India’s infrastructure and clean-energy expansion. IPO Live Updates 2026
Even before the public issue opened, Karmatara Engineering had attracted institutional attention. The company raised ₹262.50 crore from anchor investors by allocating shares to 15 investors at ₹254 per share, the upper end of its price band. HDFC Mutual Fund was one of the investors participating in the anchor allocation. IPO Live Updates 2026
LCC Projects’ IPO was also fully subscribed on the first day. LCC Projects aims to raise approximately ₹427.14 crore from its IPO, which includes a fresh issue of ₹258 crore and an offer for sale of approximately ₹169.14 crore. The price band has been fixed at ₹139–₹146 per share. IPO Live Updates 2026
Investors are showing interest in different business models rather than focusing on a single sector. Rentomojo represents the consumer rental and subscription space, Karmatara Engineering focuses on engineering and infrastructure, while LCC Projects adds another infrastructure-oriented opportunity to the primary market. IPO Live Updates 2026
IPO activity also shows that investors are becoming selective, but are willing to participate when they see a good combination of business prospects, valuations, and market opportunity. Although the Indian IPO market experienced a slowdown in early 2026, India remains the world’s busiest IPO market by number of offerings, with 165 IPOs raising $8.61 billion by the end of August. IPO Live Updates 2026
Subscription data varies during the bidding period. An IPO being fully subscribed on its first day does not necessarily mean equal demand for every investor category. Subscription patterns from qualified institutional buyers, non-institutional investors, and retail investors can vary significantly. IPO Live Updates 2026
IPO Live Updates 2026 shows that Rentomojo, Karmatara Engineering, and LCC Projects have had strong debuts. Their first-day performance indicates continued investor interest in India’s primary market, but investors should avoid making decisions based solely on subscription numbers or gray-market trends. IPO Live Updates 2026
Before applying for any IPO, investors should carefully read the company’s red herring prospectus to understand its financial performance, debt levels, valuation, use of IPO proceeds, competitive position, and potential risks. A highly subscribed IPO may perform differently even after listing, depending on market conditions and the company’s future performance.
Conclusion
IPO Live Updates 2026 show that Rentomojo, Karmatara Engineering, and LCC Projects began their public-market journeys with strong demand on Day 1. Their fully subscribed issues demonstrate continued interest in India’s IPO market. IPO Live Updates 2026
Q1. What happened in the IPO market on September 9, 2026?
Several mainboard IPOs opened for subscription, with Rentomojo, Karmatara Engineering, and LCC Projects attracting strong demand and being fully subscribed on the first day.
Q2. What is the size of the Rentomojo IPO?
The Rentomojo IPO is priced at approximately ₹1,255.57 crore. This includes a fresh issue of ₹150 crore and an offer for sale of approximately ₹1,105.57 crore.
Q3. What is the price band for the Rentomojo IPO?
The price band is fixed at ₹384 to ₹404 per equity share.
Q4. What is the size of the Karmatara Engineering IPO?
Karmatara Engineering is raising ₹875 crore from its IPO, consisting of ₹675 crore from a fresh issue and up to ₹200 crore from an offer for sale.
Q5. What is the price band for the LCC Projects IPO?
The price band for the LCC Projects IPO is ₹139 to ₹146 per share. The company is looking to raise approximately ₹427.14 crore.
Disclaimer
This article is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any security. IPO subscription figures, gray-market premiums, market prices, and other details may change during the issue period. Investors should verify the latest information from official exchange filings and the IPO prospectus and consult a SEBI-registered investment advisor or qualified financial professional before making any investment decision. Past or expected performance does not guarantee future returns. IPO Live Updates 2026
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Sudhanshu is the author of XYZ News Live and has over 2 years of experience in digital content writing. His focus is on presenting news and important information in a simple, clear, and accessible language for readers.