21 Upcoming IPOs This Week: Full IPO Calendar, Price Bands and What to Watch

Key Highlights This Week

1. 21 new IPOs are scheduled to open between 7 and 11 September, according to updated calendars, compared with the 16 issues widely reported over the weekend.
2. Around ₹7,693 crore is represented by these 21 issues, with mainboard IPOs accounting for the bulk of the amount.
3. Six mainboard IPOs opening on 9 September alone are looking to raise about ₹4,511 crore, making Wednesday the centre of this week’s primary-market activity. Reuters reported that this six-IPO cluster would mark a record line-up for a single day in the current rush.
4. Dividend calendars contain several high-rupee payouts, including Force Motors at ₹50 per share, TVS Srichakra at ₹37.80, GNFC at ₹21 and NSDL at ₹4, but the rupee amount alone says little about dividend yield.
5. Recent listings have delivered sharply different outcomes. ESDS Software listed 76.46% above its issue price, while Purple Style Labs debuted nearly 7% below its IPO price. Subscription numbers and grey market premiums are therefore useful indicators, not guarantees.

India’s primary market has entered one of its busiest stretches of 2026.

At first glance, the story appears simple. Several IPOs are opening, more companies are preparing to list and over a hundred stocks are going through dividend-related corporate actions.

Look closer and the week becomes more interesting.

Weekend market reports widely spoke about 16 IPOs opening during the week. The calendar changed as fresh offer documents and schedules were updated. Based on the latest available calendars on 7 September, 21 new IPOs are now scheduled to open between 7 and 11 September, comprising 12 mainboard issues and nine SME issues.

Together, these offerings represent roughly ₹7,693 crore of proposed fundraising or share sales, based on currently disclosed issue sizes. A further SME issue, Qualiance International, opened on 4 September and remains available for bidding until 8 September. That means investors may encounter 22 active IPO bidding windows at some point during this market week.

The dividend calendar needs just as much care. Current market reports place the number of dividend-related actions this week anywhere from about 122 to more than 150, depending on whether the list counts ex-dividend dates, record dates, weekend record dates and other corporate-action conventions.

For investors, therefore, this is not simply a week to ask, “Which IPO has the highest GMP?” or “Which company is paying the biggest dividend?”

The better questions are: What is the company raising money for? Is the IPO fresh capital or an exit for existing shareholders? What valuation is being asked? Is subscription demand coming from institutions or only one investor segment? And for dividends, what is the actual record date, what is the yield relative to the share price, and is the payment sustainable?

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IPOs This Week: Updated Calendar

Here is the latest IPO calendar for issues scheduled to open during the week.

The schedule reflects updated live IPO calendars and filings available on 7 September. Manika Plastech is one example of why a live calendar matters. Its Red Herring Prospectus was filed with SEBI on 7 September, after earlier reports had not yet carried a final price band.

What Deserves Attention Beyond IPO GMP?

1. Rentomojo: the valuation question

Rentomojo is one of the biggest IPOs of the week at roughly ₹1,256 crore.

Its price band has been fixed at ₹384 to ₹404 per share. At the upper end, reports place the company’s valuation at about ₹4,246 crore. That number deserves attention because Rentomojo’s previous private-market valuation was reported at roughly ₹850 crore to ₹900 crore in 2024.

In simple terms, the public issue is asking the market to assess the business at close to five times that earlier private valuation.

That does not automatically make the IPO expensive or unattractive. Businesses can improve sharply between funding rounds. But investors should examine what changed in revenue, profitability, customer economics and cash generation to justify the valuation reset.

That is a more useful exercise than treating the latest Rentomojo IPO GMP as a substitute for valuation work.

2. ARCIL: a large IPO where the company receives no fresh money

Asset Reconstruction Company India, or ARCIL, is planning an IPO of about ₹733 crore.

The important part is the structure. The issue is an offer for sale, meaning existing shareholders are selling shares. The money raised from the IPO does not flow into ARCIL as fresh growth capital.

Sellers include shareholders such as State Bank of India, Federal Bank and other institutional investors.

This distinction matters in every IPO.

A fresh issue can fund factories, debt repayment, technology, expansion or working capital. An OFS primarily provides liquidity to existing owners. Neither structure is automatically good or bad, but investors should know which one they are paying for.

ARCIL also enters the market at a time when India’s stressed-asset ecosystem could change under the expected-credit-loss framework. Management has said changes in credit recognition could broaden opportunities for the asset-reconstruction industry.

3. Prasol Chemicals: concentration matters

Prasol Chemicals plans to raise ₹500 crore, including roughly ₹80 crore in fresh capital and about ₹420 crore through an OFS.

The company sells more than 150 specialty-chemical products and exports to dozens of countries. Yet some operating numbers deserve more attention than the headline growth narrative.

More than 40% of revenue comes from one product category, while the top 10 suppliers account for around 69% of raw-material costs. The top 10 customers contribute about 23.7% of revenue. Its Mahad facility’s utilisation increased from 12.7% in FY24 to 44.1% in FY26.

Those figures give investors a practical checklist: supplier dependence, product dependence and whether utilisation gains can continue without hurting margins.

4. Manipal Payment and Identity Solutions: where fresh capital goes

Manipal Payment and Identity Solutions is seeking about ₹805 crore through a mix of fresh shares and an OFS.

Of the fresh capital, around ₹238 crore is earmarked for equipment. The company has a significant role in payment-card issuance, with reported shares of 36.4% in credit-card issuance and 30.9% in debit-card issuance in its relevant market.

The issue should therefore be read as both a payments-sector play and a capital-expenditure story.

Investors need to ask whether the new equipment can translate into higher volumes and returns rather than simply increasing the asset base.

5. Pranav Constructions: demand arrived quickly

Pranav Constructions opened for bidding on Monday.

By around the end of Day 1, the issue had received bids for roughly 5.69 times the shares on offer, according to a market update. The company is raising around ₹351 crore through a combination of fresh shares and an OFS. FY26 consolidated net profit was reported at ₹71.32 crore on sales of about ₹761.6 crore.

Strong first-day demand is worth noting. It is not an investment thesis by itself.

The key question remains whether the company’s redevelopment-led construction model can produce repeatable cash flows through market cycles.

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Three Recent IPOs, Three Different Lessons

This week’s applicants do not need to look far for evidence that IPO outcomes can vary widely.

ESDS Software listed on 4 September at ₹757 on the NSE against an issue price of ₹429, a gain of about 76.46%. Its IPO had received demand of roughly 136 times the shares offered.

Then came Purple Style Labs. It listed on 7 September at ₹535 on the NSE against an IPO price of ₹575, a discount of about 6.96%.

A few days earlier, Symbiotec Pharmalab had listed almost flat on the NSE and at a small discount on the BSE despite strong demand during its IPO.

The lesson is straightforward.

High subscription can help an IPO. Strong GMP can indicate market expectations. Neither creates a contractual listing gain.

Investors buying only because an issue is “oversubscribed” are looking at demand without looking at the price being paid for the underlying business.

Dividends This Week: More Than 100 Stocks Enter the Calendar

The dividend side of the market is even more crowded.

Current published counts differ. Financial Express identified about 122 companies turning ex-dividend during the week, while another market calendar counted more than 150 dividend-related actions. The gap largely reflects different treatment of ex-dates, record dates and weekend dates.

Rather than focusing on the total, investors should verify each company separately.

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Why a ₹50 Dividend Is Not Necessarily Better Than a ₹5 Dividend

Dividend headlines often rank companies by the absolute payout.

That can be misleading.

Suppose Company A pays ₹50 per share while its stock trades at ₹20,000. The indicated dividend yield on that payment is only 0.25%.

Company B may pay ₹5 while its share trades at ₹200. That is 2.5%.

The smaller rupee dividend produces ten times the yield.

This is why the dividend per share must always be compared with the market price. Investors should also check whether the payout is recurring, whether it includes a special dividend, and whether free cash flow can support it.

A one-time special dividend should not automatically be treated as the company’s new normal payout.

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Five Checks Before Buying a Stock Only for Its Dividend

1. First, check the company-announced record date, not just a third-party calendar.
   
2. Second, calculate the dividend yield using the current share price.
   
3. Third, examine the payout history. A business that paid a high dividend once may not repeat it.
   
4. Fourth, look at cash generation. A dividend funded comfortably by operating cash flow is different from a payout made while leverage is increasing.
   
5. Fifth, remember that the share price normally adjusts for the dividend around the ex-dividend date. Dividend capture is therefore not free money. Dividend income is also taxable in the hands of shareholders under applicable tax rules.
   

What Investors Should Watch From 8 to 11 September

For IPO investors, the most useful live numbers will be QIB subscription, NII subscription, retail demand, anchor participation, final-day subscription, issue valuation and the proportion of fresh issue versus OFS.

GMP can be monitored, but it should remain a sentiment indicator because the grey market is unofficial and unregulated.

For dividend investors, the priority should be record date confirmation, ex-dividend date, payout amount, dividend yield, payout history and shareholder-approval status.

And for both groups, market liquidity matters this week.

A calendar containing 21 new IPO openings plus more than 100 dividend events can generate plenty of headlines. It does not create 100-plus investment opportunities.