IPO STREET: RENTOMOJO, ARCIL, MANIPAL PAYMENTS & KARAMTARA — DECODED BY MONEYCONTROL RESEARCH

Core Development: IPO STREET: RENTOMOJO, ARCIL, MANIPAL PAYMENTS & KARAMTARA — DECODED BY MONEYCONTROL RESEARCH

Market & Financial Impact: India's IPO market is witnessing intense action, with 81 companies having already raised over Rs 83,000 crore by going public so far this year, a number set to grow further with NSE set to launch its much-awaited public issue next week. The week of September 7 to 11 saw frenzied primary market activity, with as many as 12 IPOs launched over the past five days, four of which are still open for subscription. On today's IPO Street, we take stock of these four companies gearing up to begin their listed market journey. In focus is Rentomojo, a well-known furniture and appliance rental solutions company; ARCIL, or Asset Reconstruction Company of India Limited, a financial giant that looks to generate returns by turning around distressed and bad loan assets; Manipal Payments and Identity Solutions, a Manipal Group company that manufactures debit and credit cards, offers secure payment solutions, and also operates in the government ID ecosystem, producing documents like voter cards and driving licenses; and Karamtara Engineering, a niche engineering company manufacturing key products and components for the power transmission and renewable energy sectors. To make sense of these four new listings, Moneycontrol's research team joins the show to break down the issue details, business fundamentals, financials and valuation, and their view on each offering.

Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.