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The Economic Times
The Economic Times
Kumar Gaurav

UNCOVERED: Ipo flood breaks 30 year record as 6 issues hit stock market on same day | History Defined

IPO Karamtara Engineering Rentomojo LCC Projects Steamhouse India Manipal Payment Identity Solutions

The IPO rush on D-Street is reaching a rare scale on Wednesday, September 9, with six mainboard issues opening for subscription on the same day, the first time in 30 years that exactly six IPOs have opened together. The last such instance was on October 14, 1996.

The six issues, Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering, are collectively seeking to raise ₹4,509.68 crore.

Rentomojo has the largest issue at ₹1,255.57 crore, followed by Karamtara Engineering at ₹875 crore and Manipal Payment & Identity Solutions at ₹805 crore.

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