Upcoming IPOs in September 2026: Check Out These IPOs Opening This September

The Indian primary market is expected to be quite busy in September 2026, with a total of 16 Mainboard IPOs planned for the period of September 7 to September 21. Apart from these, the NSE IPO is expected to remain open till September 21. These include firms in real estate, chemicals, engineering, finance, payments, infrastructure, and consumer businesses.

This Upcoming IPO List 2026 focuses on IPOs with subscription dates already announced through their latest RHPs and company disclosures. Investors should check the latest official offer documents before applying.
The companies and securities named in this article are mentioned only to explain market developments and are not a recommendation to buy, sell, hold or apply for them. They are quoted as examples and not as a recommendation.

Pranav Constructions is a real estate company based in Mumbai that specializes in the redevelopment of cooperative housing societies. It has a fresh issue worth ₹315.60 crore and an OFS worth ₹35.43 crore. Pranav Constructions intends to spend the fresh issue on redevelopment costs, debt obligations, future projects, and other corporate purposes.

Key factors: Exposure to Mumbai's redevelopment opportunity is a major positive, while project approvals, execution delays, funding requirements and real-estate cycles remain key risks.

Glass Wall Systems (India) provides façade and fenestration solutions for residential and commercial projects. It has operations serving both Indian and international markets.

The issue consists of a ₹60 crore fresh issue and ₹367.89 crore OFS. Fresh proceeds are intended partly toward a glass-processing facility, supporting backward integration.

Key factors: Construction and real-estate demand can support growth, while raw-material costs, project execution and the large OFS component are important risks.

Prasol Chemicals manufactures specialty chemicals used across industries such as pharmaceuticals, paints and coatings, agrochemicals and performance chemicals.

The IPO comprises a ₹80 crore fresh issue and ₹420 crore OFS.

Key factors: Its exposure to specialty chemicals and multiple industrial end markets provides growth opportunities. Raw-material price volatility, environmental regulations and cyclical industrial demand remain key risks.

Kanohar Electricals manufactures transformers and operates in the EPC segment, serving areas including power transmission, renewable energy and railways.

Its ₹1,055.74 crore IPO includes a ₹300 crore fresh issue and ₹755.74 crore OFS. The fresh capital is intended for capacity expansion, backward integration, debt-related requirements and other corporate purposes.

Key factors: India's power-infrastructure and renewable-energy investment cycle could benefit the business. Customer concentration, raw-material prices, execution and the substantial OFS are key considerations.

LCC Projects is an EPC company focused on irrigation and water infrastructure, including dams, canals, lift-irrigation projects and water-distribution systems.

The IPO comprises a ₹258 crore fresh issue and ₹169.14 crore OFS.

Key factors: Government spending on water and irrigation infrastructure can support its order pipeline. However, dependence on government contracts, working-capital requirements and project delays remain risks.

Manipal Payment & Identity Solutions provides payment cards, identity products, secure solutions and related technology products to banks, fintech companies, NBFCs and government customers.

The company is raising ₹805 crore, comprising ₹320 crore through a fresh issue and ₹485 crore through an OFS. The latest issue size was reduced from the earlier proposed structure.

Key factors: Growing digital-payment and identity-security requirements support its market opportunity. Customer concentration, technology changes and dependence on institutional clients are key risks.

Rentomojo operates a rental and subscription platform for furniture, appliances and other household products. Its ₹1,255.57 crore IPO is the largest among the 16 issues opening this September.

The issue consists of only ₹150 crore of fresh capital and ₹1,105.57 crore of OFS.

Key factors: India's growing rental and subscription economy offers an opportunity, but competition, logistics, product depreciation, customer acquisition costs and the high OFS component need consideration.

Steamhouse India operates in industrial utility infrastructure, supplying steam and related utilities to industrial customers.

The proposed size of the offering of Steamhouse India is ₹414 crore, with roughly ₹353 crore as fresh issue and ₹61 crore as OFS. The latest RHP clearly states the issue size and date for subscription from September 9 to 11, but price band, lot size, and minimum investment have not been announced yet.

Key factors: Recurring industrial demand and its specialised utility model are positives, while customer concentration, energy costs and infrastructure execution are risks.

Karamtara Engineering manufactures solar mounting structures, tracker components and transmission-line products. It is also expanding into areas including wind-energy products and battery energy-storage systems.

The ₹875 crore issue consists of ₹675 crore fresh issue and ₹200 crore OFS. The IPO is scheduled to open from September 9 to September 11 at a price band of ₹241–254.

Key factors: Renewable-energy and transmission infrastructure spending can drive demand. Capital requirements, debt, execution and expansion into newer product categories are important risks.

Asset Reconstruction Company (India), or ARCIL, is an asset reconstruction company focused on acquiring and resolving stressed assets.

Its ₹732.97 crore IPO is entirely an OFS, meaning ARCIL itself will not receive fresh proceeds from the issue. The IPO is scheduled for September 9–11 at ₹132–139 per share.

Key factors: Its established position in India's stressed-asset market is a potential advantage, while recovery uncertainty, regulatory changes and asset valuations remain key considerations.

Veegaland Developers is a Kerala-based residential real estate developer operating under the Veegaland Homes brand.

Its ₹210 crore IPO is entirely a fresh issue, with no OFS component. The IPO is scheduled to open on September 10 and close on September 15 at a price band of ₹130–140.

Key factors: Residential demand in Kerala provides an opportunity, while regional concentration, approvals, project execution and real-estate cycles are key risks.

Hero Motors is a Noida-based automotive technology company that designs, develops and manufactures engineered powertrain solutions for automotive OEMs, with global clients including BMW and Ducati. It has a fresh issue worth ₹600 crore and an OFS worth ₹400 crore. Hero Motors intends to use the fresh issue proceeds for debt repayment, equipment for capacity expansion, and general corporate purposes including potential acquisitions.

Key factors: A diversified OEM client base spanning the US, Europe and ASEAN is a major positive, while dependence on a concentrated set of large auto OEM customers, capex execution and cyclical component demand remain key risks.

Jindal Supreme (India) is a Hisar-based steel products manufacturer supplying MS black pipes, galvanised pipes, metal beam crash barriers and GI tubular poles for infrastructure, construction and agriculture. It has a fresh issue worth ₹100 crore and an OFS worth ₹25 crore by promoter entity VVJ Enterprise. Jindal Supreme intends to use the fresh issue mainly to repay outstanding borrowings, with the balance for general corporate purposes.

Key factors: Exposure to India's infrastructure and rural power build-out is a major positive, while a recent decline in FY26 profit, steel-price volatility and sector competition remain key risks.

SS Retail is a Kolhapur-based multi-brand mobile phone and electronics retailer operating under the SS Mobile, Mobile Exchange Wala and The Mobile Space brands, with over 500 stores across five states in western India. It has a fresh issue worth ₹360.75 crore and an OFS worth ₹140 crore. SS Retail intends to use the fresh issue mainly for incremental working capital and new store fit-outs.

Key factors: A large, fast-growing regional store network is a major positive, while a thin profit margin, rising working-capital needs and competitive discounting in mobile retail remain key risks.

National Stock Exchange of India (NSE) operates the country's largest stock exchange platform for equities, derivatives, and other securities. NSE issue is entirely an offer for sale of close to ₹22,561.60 crore by existing shareholders, including State Bank of India, with no fresh issue component. Since it is a pure OFS, NSE itself will not receive any proceeds from the offering.

Key factors: NSE's dominant market position and steady exchange-fee revenues are a major positive, while regulatory oversight of exchange economics, competition from other trading venues, and the fact that all proceeds go to selling shareholders rather than the company remain key factors to weigh.

Sonaselection India is a Bhilwara-based integrated fabric manufacturer and processor producing cotton, cotton-lycra and blended fabrics for the fashion and apparel industry. It has a fresh issue worth ₹141.57 crore and no OFS component. Sonaselection India intends to use the proceeds mainly for debt repayment and machinery purchases at its existing facility.

Key factors: An integrated manufacturing model with no promoter selling in the issue is a major positive, while high financial leverage, a short operating history since 2022, and exposure to cotton and energy costs remain key risks.

Investors should review the latest RHP, price-band announcement and exchange filings before applying, as issue details can change until the final offer documents are available.

With 16 IPOs opening around the same time, investors have options across multiple sectors. However, the issue structure, valuation, business quality, use of proceeds and company-specific risks should be assessed rather than focusing only on the IPO size or market buzz.
Nothing in this article is investment advice or a recommendation to apply to any IPO. Please take your own decision based on the offer document.

Ans. Eleven Mainboard IPOs are scheduled to open during September: Pranav Constructions, Glass Wall Systems, Prasol Chemicals, Kanohar Electricals, LCC Projects, Manipal Payment & Identity Solutions, Rentomojo, Steamhouse India, Karamtara Engineering, Asset Reconstruction Company (India), Veegaland Developers. Hero Motors, Jindal Supreme, SS Retail, NSE, and Sonaselection India.

Ans. No. Steamhouse India's RHP confirms its ₹414 crore issue and September 9–11 subscription period, but its price band, lot size and minimum investment were still to be announced as of September 5, 2026.

Ans. The subscription dates for these 16 issues are based on their latest RHPs and company announcements and are therefore confirmed. Investors should still check the latest official offer documents and exchange disclosures before applying.

Ans. NSE has the largest OFS component among these 16 issues, with approximately ₹22561.57 crore being offered through an offer for sale.

Ans. NSE, with an issue size of approximately ₹22561.57 crore, is the largest among the 16 Mainboard IPOs opening this September.