Archive · 30 Jul 2026
Indo-MIM, Xtranet, Lohia Corp IPOs: Listing Gains and Premiums
Three companies—Indo-MIM, Xtranet Technologies, and Lohia Corp—went public in India.
They sold shares to investors and then started trading on the stock exchanges.
Indo-MIM’s shares jumped about 45% on the first day, Xtranet’s rose a little over 7%, and Lohia’s went up about 8%.
Investors who bought shares before the listing could make money right away.
The companies raised a lot of money: Indo-MIM raised ₹3,811 crore, Xtranet ₹167 crore, and Lohia ₹1,101 crore.
Indo-MIM IPO raised ₹3,811 crore, subscribed 72.34×, listing price ₹703 on BSE (44.95% premium) and ₹700 on NSE (44.33% premium).
Xtranet Technologies IPO raised ₹167 crore, subscribed 12.24×, listing price ₹136 on NSE (7.09% premium) and ₹130.10 on BSE (2.44% premium).
Lohia Corp IPO raised ₹1,101 crore, subscribed 7.25×, listing price ₹461 on NSE (8.47% premium) and ₹460 on BSE (8.24% premium).
Pre‑listing grey market premiums were ₹175–180 for Indo-MIM (≈37% pop), ₹14–15 for Xtranet (≈10–11% pop), and ₹15 for Lohia (≈3–4% pop).
Qualified institutional buyers were the biggest demand driver for Indo-MIM (204×) and Xtranet (7.13×), while retail investors were most active in Xtranet (9×) and Lohia (2.78×).
- Who
- Indo-MIM, Xtranet Technologies, and Lohia Corp investors and market participants
- What
- Initial public offerings and subsequent listings on BSE and NSE
- When
- Listing day: 30 July 2024
- Where
- Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), India
- Why
- To raise capital and provide investment opportunities for shareholders
- Indo-MIM Issue Size
- ₹3,811 crore
- Xtranet Technologies Issue Size
- ₹167 crore
- Lohia Corp Issue Size
- ₹1,101 crore
- Indo-MIM Subscription Multiple
- 72.34×
- Xtranet Technologies Subscription Multiple
- 12.24×
- Lohia Corp Subscription Multiple
- 7.25×
- Indo-MIM Listing Premium
- 44.95% (BSE) / 44.33% (NSE)
