Market Bizzz

Today, September 11, 2026, marks the opening of Manika Plastech’s Rs 125.50 crore IPO, which is generating excitement with a 30% premium in the grey market. Investors have until September 16, 2026, to subscribe. The funds raised will focus on capital expansion and debt reduction. Anticipated trading on BSE and NSE is scheduled for September 21, 2026.

Gold remains the traditional hedge against inflation and uncertainty, but the opportunity set is becoming much broader. Copper, for instance, is gaining structural relevance as demand from electric vehicles, construction, AI and data centres collides with limited investment in new mines and declining ore quality. Energy markets, meanwhile, remain critical for India, where higher crude prices can quickly feed into import costs, inflation and the balance of payments.

The six IPOs currently open for subscription include Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction.

Rentomojo is currently in the second day of its initial public offering, displaying an impressive grey market premium of thirty-five percent. Retail investors have eagerly subscribed, exceeding their quota by one point fifty-four times. The company plans to allocate the IPO funds towards debt repayment and essential operational costs. Analysts recommend subscription due to Rentomojo’s strong market position and promising growth potential.

Under Sebi’s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Accordingly, today is the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (September 11), making them eligible for the dividend.

Under PVR Inox’s buyback offer, eligible shareholders in the reserved category for small shareholders are entitled to tender 9 equity shares for every 157 equity shares held as on the record date (September 4). For shareholders falling under the general category, the buyback entitlement has been fixed at 21 equity shares for every 1,108 equity shares held on the record date.

The six issues opening on Wednesday are Rentomojo, Asset Reconstruction Co. (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering. Together, they are looking to raise Rs 4,509.68 crore.

On September 9, 2026, investors will see six mainboard IPOs available for subscription. Rentomojo stands out, presenting a robust Rs 1,255.57 crore offering, garnished with noticeable grey market buzz. Meanwhile, Karamtara Engineering and Manipal Payment & Identity Solutions are also set to make significant impacts in fundraising. Rounding out the primary market excitement are Asset Reconstruction, LCC Projects, and Steamhouse India, serving a buffet of investment choices.

Anticipation builds as Rentomojo prepares to launch its public offering on September ninth, aiming to secure over Rs 1,200 crore. The funds raised will primarily support debt repayments and various corporate requirements. With anchor investors already on board with substantial commitments, the rental service, which specializes in providing furniture and appliances via subscription, is set for an exciting market entry.

Shiprocket reported a narrower consolidated net loss of Rs 13.7 crore in Q1FY27, compared with Rs 18 crore a year earlier, while revenue from operations rose 33.8% year-on-year to Rs 592.1 crore. Adjusted EBITDA turned positive at Rs 8.9 crore, supported by strong growth in the emerging business, while core business revenue grew 22%.