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Share Market Upcoming IPO: Investors be prepared as IPOs are going to rain in the stock market in the coming days. During this period, as many as 6 IPOs will be launched in 1 day and as many as 11 IPOs will be launched in the entire week. So next week is going to be a blast. “text-align: justify;”> Success Story : When to sell scrap; Owner of 43000 crores today! Women – 75% of wealth to be donated for the welfare of children

Between September 7 and September 15, a total of 11 companies are launching IPOs. This will raise approximately Rs 7,055 crore. Most of these issues will be open for subscription on Tuesday and Wednesday. Rentomojo, an online furniture and equipment rental platform, has the biggest IPO yet. Rentomojo's issue size is Rs 1,256 crore. The IPO price has been fixed at Rs 384 to Rs 404 per share. The issue includes a fresh issue of Rs 150 crore and an 'offer for sale' of approximately Rs 1,106 crore.

So many IPOs in the market at once

Rajkumar Rathi, Chief Investment Officer, Yes Securities, said that with so many IPOs entering the market at once, investors are eager to acquire stakes in early-stage growth companies. All these companies will have a market capitalization of a little less than US$1 billion at the time of listing. The upcoming IPOs include companies in real estate, engineering and manufacturing, payment and identity solutions, specialty chemicals and online rental businesses.

Which IPOs will open when?

September 7: Pranav Constructions' ₹351 crore IPO opens, with a price band of ₹118 to ₹124. It will close on September 9.
September 8: Kanohar Electricals' ₹1,056 crore IPO opens. Its price band is ₹601-632. The ₹500 crore issue of Prasol Chemicals will open on the same day. Glass Wall Systems India's ₹428 crore issue will also open on the same day. Its price band is ₹172-182.

It will open on September 9

Six IPOs will hit the market simultaneously on September 9. This week's biggest IPO, Rentomojo, will launch on September 9. Karmtara Engineering, Manipal Payment and Identity Solutions, Rcil, LCC Projects and Steamhouse India will also launch IPOs. Vigeland Developers' Rs 210 crore IPO will hit the market on September 10. This all-new issue closes on September 15.

Mathematics for funds

Of the total ₹7,055 crore, ₹2,722 crore (about 39%) will be raised through new issues. The funds will be disbursed directly to the companies and used for debt repayment, capital expenditure, working capital and business expansion. ₹4,333 crore (about 61%) will be raised through an 'Offer for Sale' (OFS), in which existing promoters and investors will sell their stake and earn a profit.

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