Indo-MIM is expected to deliver the strongest listing gains among Thursday's IPO debutants, with the latest grey market premium (GMP) indicating a potential 35% premium. Meanwhile, Lohia Corp's GMP has surged to a new high, while Xtranet Technologies continues to indicate a healthy single-digit listing gain.
Latest IPO GMP & Expected Listing Price
| IPO | Price Band | GMP | Expected Listing Price | Premium |
| Indo-MIM | Rs 461-485 | Rs 170 | Rs 655 | 35.05% |
| Lohia Corp | Rs 404-425 | Rs 21.5 | Rs 446.5 | 5.06% |
| Xtranet Technologies | Rs 120-127 | Rs 11.5 | Rs 138.5 | 9.06% |
Among Thursday's three IPO listings, Indo-MIM continues to command the highest grey market premium at Rs 170, followed by Lohia Corp at Rs 21.5 and Xtranet Technologies at Rs 11.5.
GMP Latest Trends
- Indo-MIM GMP: ↓10%
- Lohia GMP: ↑74%
- Xtranet GMP: ↑53%
*The numbers will be updated at regular intervals
Thursday's listings come after healthy investor demand across all three IPOs, with Indo-MIM emerging as the clear favourite among institutional investors.
Grey market premiums are unofficial indicators of demand before listing and should not be treated as guaranteed listing prices. The share allotment status for the three IPOs was finalised on July 28.
Here's a look at what the latest grey market premium (GMP) indicates for the expected listing price for these IPOs.
Indo-MIM IPO GMP Today
The latest GMP for the Indo-MIM IPO stood at Rs 170 per share on July 29. It signals a listing price of Rs 655 apiece at a premium of 35.05% over the upper limit of the IPO price band.
The highest GMP recorded for Indo-MIM IPO was Rs 190, when the issue closed for subscription. There has been a 10% decline in grey market premium.
IPO Details:
- Issue Size: Book-built issue of Rs 3,811.21 crore.
- Price Band: Rs 461 and Rs 485 per share.
- Subscription Status: 72.34 times
- Business: Indo-MIM is a specialist in manufacturing precision engineering components via metal injection moulding (MIM) technology.
ALSO READ: How To Check Indo-MIM IPO Allotment Status
Lohia Corp IPO GMP Today
The GMP for the Lohia Corp IPO stood at Rs 21.5 per share on July 29. The latest GMP suggests a listing price of Rs 446.5 apiece, at a premium of 5.06% compared to the upper limit of the issue price.
This is the highest GMP recorded for Lohia Corp IPO. The grey market premium has gained by 74% since the issue closed for subscription.
IPO Details:
- Issue Size: Book-built issue of Rs 1,101.28 crore.
- Price Band: Rs 404 and Rs 425 per share
- Subscription Status: 7.25 times
- Business: Global supplier of machinery for the technical textiles industry
ALSO READ: How To Check Lohia Corp IPO Allotment Status
Xtranet Technologies IPO GMP Today
The latest GMP for the Xtranet Technologies IPO stood at Rs 11.5 on July 29. It indicates a listing price of Rs 138.5 apiece at a premium of 9.06% over the upper limit of the price band.
The grey market premium has gained by 53% since the issue closed for subscription.
IPO Details:
- Issue Size: Book-built issue of Rs 166.80 crore.
- Price Band: Rs 120 and Rs 127 per share.
- Subscription Status: 12.24 times
- Business: IT services and solutions provider offering enterprise resource planning (ERP), system integration, and BPO services
ALSO READ: How To Check Xtranet Technologies IPO Allotment Status
Despite recent changes in GMP, Indo-MIM remains the clear frontrunner for listing gains. Lohia Corp has seen the biggest improvement in grey market sentiment since subscription closed, while Xtranet Technologies continues to indicate a modest premium ahead of Thursday's debut.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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