Neutral impactIPO
IPO GMPs: Rentomojo, LCC Projects to Karamtara Engineering — what grey market signals about upcoming IPOs
Mint 1 hr ago·8 Sept 2026, 7:31 am
The grey market, which tracks unofficial trading of IPO shares before listing, is showing strong interest for three upcoming issues. Rentomojo, LCC Projects, and Karamtara Engineering are all set to open for subscription on September 9, aiming to raise over ₹4,500 crore in total. The high demand in this unofficial market suggests investors are optimistic about the pricing and future performance of these stocks once they list on the NSE and BSE on September 17.
For retail investors, these signals provide a preliminary view of market sentiment. A robust grey market premium indicates that investors believe the issue price is undervalued. However, this is not a guarantee of listing gains. The actual listing price will depend on market conditions and the final subscription numbers. Investors should use this data for research but base their investment decisions on their own risk appetite and financial goals.
Excerpt from Mint
The IPOs of Rentomojo, LCC Projects, and Karamtara Engineering will open for subscription on September 9, aiming to raise over ₹ 4,500 crore. The allotment is expected on September 15, with shares listed on NSE and BSE on September 17. Three Initial Public Offerings (IPOs)—Rentomojo, LCC Projects and Karamtara…Read the original at Mint
Key takeaways
- Category: IPO.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
