Archive · 23 Jul 2026
Upcoming IPOs: Lohia Corp, Indo-MIM, Xtranet Technologies
Three companies, Lohia Corp, Indo-MIM, and Xtranet Technologies, are launching their IPOs on 23 July 2024.
Lohia Corp is a manufacturing company with a price band of ₹404-425 per share, aiming to raise ₹1,102 crore.
Indo-MIM, a precision engineering company, has a price band of ₹461-485 per share and aims to raise ₹3,812 crore.
Xtranet Technologies, an IT solutions provider, is raising ₹170 crore with no offer for sale component.
The grey market premiums for these IPOs are +36 for Lohia Corp, +192 for Indo-MIM, and +20 for Xtranet Technologies, indicating varying levels of investor interest.
While some investors are optimistic, others remain cautious, noting that the market is selective and not euphoric.
Lohia Corp IPO opens on 23 July with a price band of ₹404-425 per share.
Indo-MIM IPO, one of the largest this week, has a price band of ₹461-485 per share.
Xtranet Technologies IPO is a ₹170 crore fresh issue with no OFS component.
Grey market premiums indicate positive sentiment for Indo-MIM and Lohia Corp, while Xtranet Technologies shows negative sentiment.
Investors are selective, favoring well-priced, quality businesses with credible earnings visibility.
- Who
- Lohia Corp, Indo-MIM, Xtranet Technologies
- What
- Upcoming IPOs in the manufacturing, engineering, and technology sectors
- When
- Opening on 23 July 2024
- Where
- India
- Why
- To raise capital for business expansion and debt repayment
Optimistic Investors
Cautious Investors
Market Sentiment
Optimistic Investors
Investors are optimistic about the upcoming IPOs, especially Indo-MIM and Lohia Corp, as indicated by positive grey market premiums.
Cautious Investors
Cautious investors note that the market is selective and not euphoric, with only well-priced, quality businesses attracting significant interest.
- Lohia Corp IPO Price Band
- ₹404-425 per share
- Lohia Corp IPO Size
- ₹1,102 crore
- Indo-MIM IPO Price Band
- ₹461-485 per share
- Indo-MIM IPO Size
- ₹3,812 crore
- Xtranet Technologies IPO Size
- ₹170 crore
- Indo-MIM GMP
- +192
- Xtranet Technologies GMP
- +20
- Lohia Corp GMP
- +36
