IPO Subscriptions LIVE Updates: Rentomojo, ARCIL among 10 companies vying for investor interest

IPO Subscriptions LIVE Updates: Not one, not two, but as many as 10 mainboard IPOs will be open for subscription at the same time on Wednesday, September 9. From Rentomojo to Asset Reconstruction Company, LCC Projects, Pranav Constructions among others will be vying for investor attention at the same time. Watch this space for all the LIVE subscription updates, management commentary and whether or not any issue should be subscribed to.

IPO Subscriptions LIVE Updates: Today is the day when 10 mainboard IPOs will be open for subscription simultaneously and vie for investor attention. While today is the last day for the Pranav Constructions IPO, which was fully subscribed within the first hour of bidding, it will be the second day for Kanohar Electricals, Prasol Chemicals, and Glass Wall Systems (India), whose issues opened for subscription on Monday. A total of six IPOs, Karamtara Engineering, LCC Projects, Rentomojo, Asset Reconstruction Company, Manipal Payment, and Steamhouse India are opening for subscription today. Together, these six IPOs are seeking to raise ₹4,510 crore, with Rentomojo being the biggest one among them with a size of ₹1,260 crore. Barring ARCIL, the other issues are a combination of a fresh issue of equity and an offer for sale, with majority intent of using the fresh equity proceeds being to repay existing debt. Watch this space for all the LIVE IPO Subscription updates, brokerage analysis, management commentary and more.