IPO GMPs: Lohia Corp, Indo-MIM, Xtranet Technologies

Three companies, Lohia Corp, Indo-MIM, and Xtranet Technologies, are launching their IPOs in India.

Lohia Corp is an industrial machinery manufacturer with a price band of ₹404-425 per share.

Indo-MIM, a precision engineering components manufacturer, has a price band of ₹461-485 per share.

Xtranet Technologies, an IT services provider, is offering a ₹170 crore IPO.

The grey market premiums (GMPs) for these IPOs are +56 for Lohia Corp, +195 for Indo-MIM, and +26 for Xtranet Technologies.

These GMPs suggest varying levels of investor interest and potential listing prices.

However, GMPs can be volatile and may not always reflect the actual listing price.

The IPOs are set to open for subscription on 23 July, with Lohia Corp's IPO being an offer for sale (OFS) and Xtranet Technologies' IPO being a fresh issue.

Indo-MIM's IPO includes both a fresh issue and an OFS.

Investors are advised to consider both the positive market sentiment indicated by high GMPs and the risks associated with market volatility and potential overvaluation.