IPO GMPs are in focus as three Indian companies Rentomojo, LCC Projects and Karamtara Engineering prepare to open their public issues for subscription on September 9. Collectively, the three IPOs aim to raise more than 7,500 crore.
Overview
IPO GMPs and the upcoming schedule
The combined fundraising target for the three offers exceeds 7,500 crore, with investors able to subscribe from September 9. Allotment for the issues is expected on September 15, and the companies have indicated plans to list on the National Stock Exchange and the BSE on September 17.
Rentomojo, LCC Projects and Karamtara Engineering will each follow the standard public offering timetable with subscription, allotment and listing dates aligned in mid-September. The simultaneous calendar positions and the collective size of the raises mean market participants will watch allotment and listing activity closely on the dates announced.
Key dates and figures
- Subscription opens: September 9
- Allotment expected: September 15
- Listing on NSE and BSE: September 17
- Combined fundraising target: over 7,500 crore
All three issues will be listed on both major exchanges, ensuring trading access for a broad segment of Indian investors. The synchronized timetable compresses primary market activity into a short window in mid-September, concentrating focus on allotments and initial listings.
Investors tracking these public offers should note the subscription start, allotment and listing dates as the primary milestones for application and post-allotment activity. The schedule published by the companies sets clear timelines for when shares will move from subscription to secondary market trading on the exchanges.
ReturnsToday will continue to report on allotment outcomes and listing developments for Rentomojo, LCC Projects and Karamtara Engineering as those events occur on the dates specified by the companies.
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Disclaimer: The information provided in this article is for educational purposes only and should not be considered as financial advice. Please consult a financial advisor before making any investment decisions.
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