Seven mainboard IPOs open between September 22 and September 24, 2026, and together they aim to raise about ₹4,916 Cr. The biggest is Elevate Campuses at ₹2,100 Cr, followed by Moneyview at ₹1,091.68 Cr and Varmora Granito at ₹708.02 Cr. Here are the dates, price bands, lot sizes and current grey market premium for each, so you can plan which issues to look at and how much cash to keep ready.
IPO Calendar: Sept 22 to Sept 24, 2026
- September 22: Varmora Granito opens (closes Sept 24)
- September 23: Adroit Industries, Swastika Infra, ArMee Infotech and Elevate Campuses open (all close Sept 25)
- September 24: Moneyview and A-One Steels India open (both close Sept 28)
- Listings: Varmora Granito on Sept 29, the four September 23 issues on Sept 30, Moneyview and A-One Steels on Oct 1
Key Numbers at a Glance
Each issue has a minimum application of about ₹15,000 at the upper price band. Applying for one lot in all seven would need about ₹1,04,628, our own sum of the seven minimum amounts below.
Varmora Granito: ₹140 to ₹148, ₹708.02 Cr
- Opens Sept 22, closes Sept 24, allotment Sept 25, listing Sept 29
- Lot size 101 shares, minimum investment ₹14,948
- Issue: ₹320 Cr fresh issue plus ₹388.02 Cr offer for sale
- Business: manufactures and distributes ceramic and vitrified tiles
- GMP: +₹10, about 6.8% of the upper band
Live premium, subscription and dates for this issue are on our Varmora Granito IPO page.
Adroit Industries: ₹126 to ₹134, ₹150.71 Cr
- Opens Sept 23, closes Sept 25, allotment Sept 28, listing Sept 30
- Lot size 111 shares, minimum investment ₹14,874
- Issue: ₹132.62 Cr fresh issue plus ₹18.09 Cr offer for sale
- Business: manufactures propeller shafts and torque transmission systems
- GMP: +₹32, about 23.9% of the upper band
Live premium, subscription and dates for this issue are on our Adroit Industries IPO page.
Swastika Infra: ₹175 to ₹185, ₹160.88 Cr
- Opens Sept 23, closes Sept 25, allotment Sept 28, listing Sept 30
- Lot size 81 shares, minimum investment ₹14,985
- Issue: ₹128.5 Cr fresh issue plus ₹32.38 Cr offer for sale
- Business: engineering, procurement and construction (EPC) for power projects
- GMP: +₹3, about 1.6% of the upper band
Live premium, subscription and dates for this issue are on our Swastika Infra IPO page.
ArMee Infotech: ₹350 to ₹375, ₹300 Cr
- Opens Sept 23, closes Sept 25, allotment Sept 28, listing Sept 30
- Lot size 40 shares, minimum investment ₹15,000
- Issue: entirely a fresh issue
- Business: IT infrastructure solutions and managed services
- GMP: +₹7, about 1.9% of the upper band
Live premium, subscription and dates for this issue are on our ArMee Infotech IPO page.
Elevate Campuses: ₹343 to ₹362, ₹2,100 Cr
- Opens Sept 23, closes Sept 25, allotment Sept 28, listing Sept 30
- Lot size 41 shares, minimum investment ₹14,842
- Issue: entirely a fresh issue
- Business: owns and operates student accommodation and K-12 school campuses
- GMP: +₹16, about 4.4% of the upper band
Live premium, subscription and dates for this issue are on our Elevate Campuses IPO page.
Moneyview: ₹32 to ₹34, ₹1,091.68 Cr
- Opens Sept 24, closes Sept 28, allotment Sept 29, listing Oct 1
- Lot size 441 shares, minimum investment ₹14,994
- Issue: ₹750 Cr fresh issue plus ₹341.68 Cr offer for sale
- Business: fintech platform for personal loans, credit tracking and financial management
- GMP: ₹0, so the grey market is not pricing any listing gain right now
Live premium, subscription and dates for this issue are on our Moneyview IPO page.
A-One Steels India: ₹385 to ₹405, ₹405 Cr
- Opens Sept 24, closes Sept 28, allotment Sept 29, listing Oct 1
- Lot size 37 shares, minimum investment ₹14,985
- Issue: ₹355 Cr fresh issue plus ₹50 Cr offer for sale
- Business: backward-integrated steel producer making TMT bars and related products
- GMP: +₹60, about 14.8% of the upper band
Live premium, subscription and dates for this issue are on our A-One Steels IPO page.
What Stands Out in the Grey Market
Grey market premium, or GMP, is an unofficial price for the shares before they list. It moves daily and can be wrong. As of September 21, the spread is wide. Adroit Industries shows the highest premium at about 23.9% of its upper band, followed by A-One Steels at about 14.8% and Varmora Granito at about 6.8%. Elevate Campuses, the largest issue, sits at about 4.4%. ArMee Infotech and Swastika Infra are under 2%, and Moneyview is flat at ₹0.
The two biggest issues by size, Elevate Campuses and Moneyview, are not the ones with the strongest grey market interest. GMP reflects what grey market traders are willing to pay, not the quality of a business, so it is one input among many.
Fresh Issue vs Offer for Sale
- Entirely fresh issue: ArMee Infotech and Elevate Campuses. All the money goes to the company.
- Fresh issue plus offer for sale: Varmora Granito, Adroit Industries, Swastika Infra, Moneyview and A-One Steels. The offer for sale part goes to selling shareholders, not the company. Varmora Granito has the largest such part at ₹388.02 Cr, more than its fresh issue.
The offer for sale share is worth checking in each offer document, because it shows how much of the raise leaves the company.
How to Plan Your Funds
- Applications block money until allotment. The closing dates run from Sept 24 to Sept 28, so funds for the later issues stay blocked into the following week.
- Varmora Granito closes first, on Sept 24, with allotment on Sept 25. The four September 23 issues close on Sept 25 with allotment on Sept 28.
- Lot sizes differ a lot. Moneyview needs 441 shares at ₹34, while A-One Steels needs 37 shares at ₹405, but both come to about ₹15,000.
Many of these issues are racing the September 30 approval window. We explained why in why 25+ IPOs are racing to list before September 30. You can track every open issue on our IPO GMP tracker.
Dates, price bands, lot sizes and issue sizes were checked against Ipoji's mainboard IPO roundup, and dates and bands against HDFC Sky's weekly IPO list. GMP figures come from IPOLyst's tracker, updated September 21, 2026.
Frequently Asked Questions
Which mainboard IPOs open this week, September 22 to 24, 2026?
Varmora Granito opens on September 22. Adroit Industries, Swastika Infra, ArMee Infotech and Elevate Campuses open on September 23. Moneyview and A-One Steels India open on September 24.
Which IPO this week has the highest GMP?
As of September 21, 2026, Adroit Industries has the highest grey market premium at +₹32, about 23.9% of its ₹134 upper band. A-One Steels follows at +₹60, about 14.8% of its ₹405 upper band. GMP is unofficial and can change before or after the issue opens.
What is the biggest IPO opening this week?
Elevate Campuses, a ₹2,100 Cr fresh issue with a price band of ₹343 to ₹362. It owns and operates student accommodation and K-12 school campuses. The lot size is 41 shares, so the minimum investment is ₹14,842 at the upper band.
How much money do I need to apply for all seven IPOs?
One lot in each at the upper price band adds up to about ₹1,04,628, by our sum of the seven minimum amounts. Each issue needs roughly ₹15,000 for one lot, and the money stays blocked until allotment.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial or investment advice. IPOLyst is not a SEBI-registered investment advisor. Grey market premium is unofficial and can be inaccurate. Dates, price bands and issue details may change, so please read each offer document and consult a registered advisor before investing.