Watrana Rentals IPO 2026 has announced its price band of ₹232 to ₹245 per share, with the public issue scheduled to open for subscription on November 19.
The Delhi-based material handling equipment rental company aims to raise approximately ₹120 crore through its maiden public offering.
The IPO will remain open until November 23, giving investors five days, including the opening and closing dates, to submit their applications. Anchor investors will have an opportunity to participate in the issue on November 18.
The company is launching the IPO entirely through a fresh issue of 49.02 lakh equity shares.
This means the money raised through the offering will go directly to the company rather than existing shareholders selling their stakes.
Watrana Rentals IPO 2026: Important Details
The company has fixed the price band at ₹232 to ₹245 per share. At the upper end of the price band, Watrana Rentals expects to raise around ₹120 crore.
The public issue will open on November 19 and close on November 23.
The allotment is expected to be finalised by November 25, while the company’s shares are likely to be listed on November 27 on the NSE Emerge platform.
Oneview Corporate Advisors has been appointed as the merchant banker responsible for managing the IPO.
Here are the important dates for investors:
Anchor investor bidding: November 18, 2026
IPO opening date: November 19, 2026
IPO closing date: November 23, 2026
Expected allotment date: November 25, 2026
Expected listing date: November 27, 2026
What Does Watrana Rentals Do?
Watrana Rentals is a Delhi-based company that specialises in providing material handling equipment on a rental basis.
Its business includes equipment such as forklifts, reach trucks and powered pallet trucks, which are commonly used for moving and handling goods in industrial and commercial facilities.
Apart from rentals, the company also sells new and used material handling equipment. It is involved in the battery business, supplying batteries used in material handling equipment.
The company’s services cater to several industries, including automobiles, tyres, beverages, glass, paper, logistics and warehousing.
Sanjeev Kumar Watrana and Rajeev Kumar Watrana are the promoters of the company.
How Will the Company Use IPO Money?
A major portion of the money raised through the IPO will be used to expand the company’s equipment rental business.
Watrana Rentals plans to spend approximately ₹98.12 crore on purchasing new material handling equipment, aerial work platforms and batteries.
These purchases are expected to support the company’s business requirements and equipment availability.
The remaining proceeds will be allocated towards general corporate purposes and expenses related to the IPO.
Since the entire offering is a fresh issue, the funds raised will be available to the company for these planned business activities.
Watrana Rentals Financial Performance
The company’s financial performance has shown growth in both revenue and profit.
For the financial year ended March 2026, Watrana Rentals reported a net profit of ₹29.2 crore, representing an increase of 19.3% compared with the previous financial year.
Its revenue from operations also increased by 17.8% to ₹211.4 crore during FY2025-26. This indicates growth in the company’s business during the reported financial period.
The company also reported encouraging results for the June 2026 quarter. Its revenue from operations stood at ₹53.5 crore, while its profit was ₹7.68 crore.
These financial figures provide investors with an overview of the company’s recent business performance as it prepares to enter the public market.
The upcoming IPO will give investors an opportunity to participate in a company operating in the material handling equipment rental and trading sector.
However, investors should examine the company’s financial statements, business risks, valuation and IPO documents before making an investment decision.
