Neutral impactIPO
Rentomojo vs Asset Reconstruction vs Manipal Payment IPO Day 3: GMP, Subscription Status, Expected Listing Gain
NDTV Profit 1 hr ago·11 Sept 2026, 3:57 am
IPO NDTV Profit
The IPO market is witnessing a mixed bag of performance this week, with three distinct stories capturing investor attention. Rentomojo, a rental platform, is seeing strong demand on its third day, while Asset Reconstruction Company and Manipal Payment Bank are facing tepid responses. The current Grey Market Premium (GMP) suggests a potential listing gain for Rentomojo, whereas the other two are trading at a discount, indicating investor caution.
This divergence highlights the varying risk appetites in the market. Retail investors are showing a clear preference for established business models like Rentomojo, while newer or smaller entities are struggling to attract funds. The subscription status for these issues will be crucial in determining their listing prices. Investors should monitor the final subscription numbers closely to gauge the market's sentiment towards these specific sectors.
Key takeaways
- Category: IPO.
Why it matters
A routine update. Use the price and stock snapshot to gauge how the market is responding.
