Indo-MIM Soars on BSE Debut; Xtranet Dips

Three companies saw mixed fortunes on their BSE debuts, with Indo-MIM achieving a 44.95% premium over its issue price. This contrasted with Xtranet Technologies, which dropped below its initial offering.

Indo-MIM Key Figures

• Listing Price: Rs 703.00
• Current Trading Price: Rs 709.70 (up 46.33%)
• Issue Subscription: 72.37 times
• Shares Traded: 74.32 lakh

Xtranet Technologies, however, saw its stock dip after an initial premium. It opened at Rs 130.10, a 2.44% premium, but later traded below its issue price.

Xtranet Technologies Key Figures

• Listing Price: Rs 130.10 (initial 2.44% premium)
• Current Trading Price: Rs 123.60 (down 2.68% from issue price)
• Issue Subscription: 12.24 times
• Shares Traded: 5.75 lakh

Lohia Corp also debuted with a premium, listing at Rs 460.00, an 8.24% increase from its issue price. The stock continued to climb in early trading.

Lohia Corp Key Figures

• Listing Price: Rs 460.00 (initial 8.24% premium)
• Current Trading Price: Rs 487.20 (up 14.64%)
• Issue Subscription: 7.26 times
• Shares Traded: 6.82 lakh

These varied domestic performances coincided with broader declines across Asian markets during early Thursday trading. Investor sentiment was dampened by several global and economic factors.

Factors Impacting Asia

• Rising Middle East tensions
• Climbing oil rates
• Hawkish Federal Reserve (Fed) stance
• Sharp rise in longer-dated Treasury yields
• Renewed concerns over AI-related spending

Major indices across the region registered drops, reflecting investor risk aversion.

Key Asian Index Movements

• KOSPI: Plunged 78.47 points (1.39%) to 5,584.77, due to SK Hynix earnings and Chinese competition.
• Hang Seng: Down 18.92 points (0.07%) to 25,789.00.
• Straits Times: Dipped 44.05 points (0.77%).

The mixed performance of new listings on the BSE, alongside a broader retreat in Asian equities, highlights a complex market environment influenced by both domestic and international pressures.