IPO Update: Millworks Technologies Sees 90% Gain, Six IPOs Open Today | 23 Jul 2026, 10:00 AM IST
By ThePip Desk
Six IPOs are currently open for subscription on NSE and BSE, with windows closing between July 23-27. Millworks Technologies recorded a strong 90.00% listing gain.
The Indian primary market continues its bustling activity this Thursday, July 23, 2026, presenting a range of opportunities for retail and institutional investors alike. Today is a pivotal day, marking the commencement of subscription for three new issues, the conclusion of one, and the recent listing of several companies on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). This update provides a comprehensive overview of the current IPO landscape, highlighting key dates, prices, and recent market performances to help investors navigate their decisions.
Open for Subscription
As of today, six initial public offerings are actively seeking subscriptions, offering a diverse array of investment opportunities across different sectors. Investors keen on participating in the primary market should note the varying subscription windows and minimum investment requirements for each issue. Three new IPOs — Xtranet Technologies Ltd., Lohia Corp Ltd., and INDO-MIM Ltd. — open their subscription windows today, adding fresh choices to the market. Meanwhile, Metalic Technoforge Ltd. concludes its subscription period at the end of today’s trading hours.
| Company | Issue Price | Price | Subscription Window |
|---|---|---|---|
| Xtranet Technologies Ltd. | ₹127 | ₹127 | 2026-07-23 → 2026-07-27 |
| Lohia Corp Ltd. | ₹425 | ₹425 | 2026-07-23 → 2026-07-27 |
| INDO-MIM Ltd. | ₹485 | ₹485 | 2026-07-23 → 2026-07-27 |
| Cube Highways Trust – (CUBEINVIT) | ₹152 | ₹152 | 2026-07-22 → 2026-07-24 |
| Shree Balaji (Mala) Textiles Ltd. | ₹70 | ₹70 | 2026-07-22 → 2026-07-24 |
| Metalic Technoforge Ltd. | ₹77 | ₹77 | 2026-07-21 → 2026-07-23 |
Understanding the issue price and minimum investment, calculated as the lot size multiplied by the issue price, is crucial for potential investors to assess their capital commitment. The subscription window indicates the period during which applications can be submitted.
Recent Listings
The past seven days have witnessed a dynamic period for newly listed companies, with several making their debut on the stock exchanges. The performance of these recent listings offers valuable insights into current market sentiment and the appetite for new public issues. Notably, Millworks Technologies Ltd. delivered an impressive listing gain, capturing significant investor attention. Other issues also demonstrated varying degrees of market acceptance, reflecting the diverse nature of India’s primary market.
| Company | Issue Price | Listing Price | Gain/Loss % | Per-Lot Gain/Loss |
|---|---|---|---|---|
| Sotefin Bharat Ltd. | ₹187 | N/A | N/A | N/A |
| Alpine Texworld Ltd. | ₹105 | ₹105 | +0.00% | ₹0 |
| SBI Funds Management Ltd. | ₹574 | ₹610 | +6.27% | ₹36 |
| Millworks Technologies Ltd. | ₹331 | ₹628.9 | +90.00% | ₹297.9 |
| Happy Steels Ltd. | ₹66 | N/A | N/A | N/A |
| Devson Catalyst Ltd. | ₹118 | ₹196.15 | +66.23% | ₹78.15 |
| Laser Power & Infra Ltd. | ₹214 | ₹269 | +25.70% | ₹55 |
| Kusumgar Ltd. | ₹419 | ₹574 | +36.99% | ₹155 |
| IC Electricals Company Ltd. | ₹99 | N/A | N/A | N/A |
| Knack Packaging Ltd. | ₹170 | ₹186 | +9.41% | ₹16 |
The listing price compared to the issue price, and the resulting percentage gain or loss, along with the per-lot gain, are key metrics for investors to evaluate the immediate performance of an IPO. Millworks Technologies Ltd.’s substantial gain illustrates strong post-listing demand.
Upcoming IPOs
Beyond the currently active issues, the pipeline for initial public offerings remains robust, with several companies poised to enter the market in the near future. These upcoming issues represent future opportunities for investors looking to diversify their portfolios or participate in new growth stories. Keeping track of expected dates and issue prices is essential for planning future investment strategies.
| Company | Issue Price | Min. Investment | Expected Dates |
|---|---|---|---|
| Advance Technoforge Ltd. | ₹95 | ₹95 | 2026-07-27 → 2026-07-29 |
| Propshop Events And Exhibitions Ltd. | ₹69 | ₹69 | 2026-07-27 → 2026-07-29 |
| Silverstorm Parks And Resorts Ltd. | ₹133 | ₹133 | 2026-07-24 → 2026-07-28 |
The expected dates provide a preliminary timeline for when these issues are likely to open for subscription, allowing investors to prepare their capital and research these companies in advance. The minimum investment for these upcoming IPOs is also calculated based on their respective lot sizes and issue prices.
The Indian primary market continues to be a vibrant space, characterized by a continuous stream of new listings and fresh opportunities. Investors are encouraged to conduct thorough due diligence and consider all relevant factors before making any investment decisions in this dynamic market environment.