Market Bizzz

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%.

Banks showed little interest in the Reserve Bank of India’s 30-day reverse repo operation. This occurred even as banking system liquidity reached a near five-year high. Treasury heads avoided locking funds at the current interest rate. Many expected a future rate hike, seeking better returns. The Reserve Bank will conduct an overnight auction to manage liquidity.

Investor interest is particularly strong in the two NSE SME issues, with Ashutosh Fibre and Shanti Inorganics commanding healthy grey market premiums (GMPs) ahead of their listings.

The Rs 680-crore IPO, which opened for subscription on August 31 and closed on September 2, was subscribed 1.29 times overall. Retail investors led the demand, with their portion subscribed 1.57 times, followed by qualified institutional buyers (QIBs), whose quota was subscribed 1.44 times. The non-institutional investor (NII) category was subscribed 84%.

The latest escalation came on Saturday when U.S. forces struck three Iranian oil tankers, according to U.S. Central Command. One of the vessels was hit off the coast of Kharg Island, near Iran’s key oil export hub.

Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest shareholder Exor, the deal targets full acquisition and delisting, amid strong Tata Motors commercial vehicle sales.

Foreign investors returned strongly to Indian equities, with August FPI inflows exceeding $3.2 billion. Consumer Services, Financials and Healthcare led buying. HSBC estimates up to $25 billion could enter India if global funds restore neutral allocations, while strong GDP growth, earnings and rupee stability support the outlook.