Six mainboard IPOs enter Day 2 bidding including Rentomojo's Rs 1,255.57 crore raise
Six public issues are open for subscription until September 11, with investor interest particularly strong in three offerings that achieved full subscription on the first day.
Six mainboard IPOs entered their second day of bidding today, providing investors three days remaining to submit offers before September 11. The offering list includes Rentomojo, Karamtara Engineering, LCC Projects, Steamhouse India, Manipal Payment & Identity Solutions, and Asset Reconstruction. Rentomojo leads with the largest issue size at Rs 1,255.57 crore, followed by Karamtara Engineering at Rs 875 crore and Manipal Payment & Identity Solutions at approximately Rs 805 crore. The other three issues seek Rs 732.97 crore, Rs 427.14 crore, and Rs 414 crore respectively. Three issues saw full subscription on Day 1: Rentomojo, Karamtara Engineering, and LCC Projects. Investors are currently tracking grey market premiums (GMP), subscription numbers, and category-wise demand as they participate in the subscription period.
