Indo-MIM IPO: Strong 38.56% Grey Market Premium on Listing Day
By IPO Desk
Indo-MIM leads today’s IPO listings with a significant 38.56% grey market premium (GMP), indicating strong investor interest. Lohia Corp and Xtranet Technologies also debut.
Three Indian Initial Public Offerings (IPOs) — Indo-MIM, Lohia Corp, and Xtranet Technologies — are scheduled to list today. **Indo-MIM** leads the unofficial market, signalling an expected 38.56% premium.
Key Listing Indicators
- Indo-MIM Grey Market Premium (GMP): **Rs 187** per share
- Indo-MIM expected listing premium: **38.56%**
- Lohia Corp GMP: **Rs 17** per share
- Xtranet Technologies GMP: **Rs 14.5** per share
Indo-MIM Commands Strong Premium
Indo-MIM’s IPO shows the highest grey market premium among today’s listings, currently at Rs 187 per share. This suggests an expected listing price of Rs 672, a 38.56% premium over its upper price band. Its GMP saw a minor 2% dip from its peak of Rs 190 but remains the strongest performer.
- Issue size: **Rs 3,811.21 crore**
- Subscription status: **72.34 times**
- Business: Manufacturing precision engineering components using metal injection moulding (MIM).
Lohia Corp’s Improved Investor Sentiment
Lohia Corp’s IPO has a GMP of Rs 17 per share, indicating an expected listing price of Rs 442, a 4% premium. This marks its highest GMP recorded, reflecting a significant 48% increase since the issue closed. Investor sentiment has improved for the technical textiles machinery supplier.
- Issue size: **Rs 1,101.28 crore**
- Subscription status: **7.25 times**
- Business: Global supplier of machinery for the technical textiles industry.
Xtranet Technologies Shows Double-Digit Upside
Xtranet Technologies’ IPO holds an unofficial market premium of Rs 14.5, suggesting an expected listing price of Rs 141.5. This translates to an 11.42% premium over its upper price band. The GMP for Xtranet Technologies gained 88% since its IPO closed.
- Issue size: **Rs 166.80 crore**
- Subscription status: **12.24 times**
- Business: Provides IT services including ERP, system integration, and BPO.
All three IPOs experienced healthy investor demand, with institutional investors particularly favoring Indo-MIM. Grey market premiums serve as unofficial indicators and do not guarantee actual listing prices, but share allotment was finalized on July 28.