Three prominent Indian companies, Indo-MIM, Lohia Corp, and Xtranet Technologies, are set to list on the stock exchanges today, Thursday, July 30, 2026. These initial public offerings (IPOs) collectively raised Rs 5,080 crore during their subscription periods from July 23-27. Market signals suggest a mixed performance on their debut, with some issues hinting at positive listings despite recent corrections in their Grey Market Premiums (GMP).
Indo-MIM: Strong Demand for Precision Engineering Leader
Indo-MIM, incorporated in 1996, is a global leader in manufacturing precision engineering components using metal injection molding (MIM) technology. Its IPO saw robust demand, being oversubscribed an impressive 72.34 times, attracting nearly 50.79 lakh applications and bids worth Rs 1.98 lakh crore. The company issued shares at Rs 485 apiece, with a lot size of 30 shares, raising Rs 3,811 crore.
Ahead of its listing, Indo-MIM's shares commanded a Grey Market Premium (GMP) of Rs 175-180, indicating an expected listing gain of 36-37 percent for investors. HDFC Bank, ICICI Securities, Axis Bank, Kotak Mahindra Company, and SBI Capital Markets served as the book-running lead managers, while MUFG Intime India was the registrar for the issue.
Xtranet Technologies: IT Solutions Provider Lists
Bhopal-based Xtranet Technologies, an integrated IT solutions provider founded in 2002, also makes its market debut today. Its IPO was subscribed 12.24 times, garnering over 3.30 lakh applications and bids totaling Rs 1,430 crore. The company sold its shares for Rs 127 apiece, with a lot size of 110 shares, successfully raising Rs 167 crore.
The Grey Market Premium for Xtranet Technologies stood at Rs 14-15 before listing, suggesting a more modest listing pop of 10-11 percent. Share India Capital Services acted as the sole book-running lead manager, with Kfin Technologies as the registrar.
Lohia Corp: Technical Textiles Manufacturer Enters Market
Lohia Corp, a Kanpur-based global manufacturer of machinery and equipment for technical textiles, incorporated in 2023, is the third company to list. Its maiden stake sale raised Rs 1,101 crore, with shares priced at Rs 425 apiece and a lot size of 35 equity shares. The IPO was subscribed 7.25 times, receiving approximately 1.91 lakh applications and bids amounting to Rs 4,500 crore.
Lohia Corp's GMP was Rs 15 ahead of its listing, projecting a listing gain of 3-4 percent. Equirus Capital and Motilal Oswal Financial Services were the book-running lead managers, and MUFG Intime India served as the registrar.
Expert Perspectives on Listing Strategy
Market experts offer varied advice for investors in these newly listed entities:
- Mahesh M Ojha, VP of Research at Kantilal Chagganlal Securities, suggests that Indo-MIM allottees might consider holding the stock for the long term, capitalizing on its scalable growth opportunities. He also recommends a medium-to-long-term hold for investors in Lohia Corp and Xtranet Technologies.
- Shivani Nyati, Head of Wealth at Swastika Investmart, advises Indo-MIM allottees to book partial profits given a strong listing. For Xtranet Tech, she suggests exiting the counter on a modest listing pop. However, Nyati recommends holding Lohia Corp for 2-3 years, viewing it as an attractive export-led, high-ROE compounding story rather than a quick flip.