Indo MIM, Lohia Corp, Xtranet IPOs: GMP and Listing Expectations

The IPOs of Indo MIM, Lohia Corp, and Xtranet Technologies have generated significant interest in the market, with grey market premiums indicating positive sentiment among investors. The GMP for Indo MIM is currently at INR 150, while Lohia Corp and Xtranet Technologies are trading at a premium of INR 100 and INR 50, respectively. These figures suggest a strong debut for these companies on the stock exchanges.

Indo MIM, a leading player in the metal injection molding industry, has priced its IPO in the range of INR 1,200 to INR 1,250 per share. The company aims to raise INR 1,500 crore through this public offering. Lohia Corp, known for its machinery manufacturing, has set its price band at INR 500 to INR 550, targeting a total raise of INR 800 crore. Meanwhile, Xtranet Technologies, an IT services provider, has priced its shares between INR 100 and INR 110, with an aim to garner INR 300 crore.

Market analysts are optimistic about the listing performance of these IPOs, citing strong fundamentals and growth prospects. The overall market sentiment has been buoyant, with investors showing a robust appetite for new listings, particularly in sectors like technology and manufacturing.

The listing of these IPOs comes at a time when the Indian stock market is witnessing a surge in activity, driven by both domestic and international investors. The successful listing of these companies could further bolster market confidence and attract more companies to go public in the coming months.