IPO GMPs: Lohia Corp IPO vs Indo-MIM IPO vs Xtranet Technologies IPO — what grey market signals about upcoming IPOs

Three IPOs — Lohia Corp (around ₹1,102 crore), Indo-MIM (around ₹3,812 crore), and Xtranet Technologies (around ₹170 crore) — are set to open for public subscription on 23 July, signalling a revival in primary market activity amid global uncertainty. Grey market premiums are trending upward for all three issues, with Indo-MIM commanding a premium of around ₹195 (estimated 40.21% listing gain at the upper band), Xtranet Technologies around ₹26 (20.47%), and Lohia Corp around ₹56 (13.18%). While Lohia Corp and Indo-MIM have offer-for-sale components alongside fresh issues, Xtranet Technologies is entirely a fresh issue aimed at debt repayment and working capital needs.