The primary market will remain busy for the next few days as three mainboard initial public offerings (IPOs)--Indo-MIM Limited, Lohia Corp Limited, Xtranet Technologies Limited-- opened for public subscription on Thursday. These IPOs, spanning various sectors, may attract interest from both retail and institutional investors, offering an opportunity to diversify their portfolios.
On the opening day, the INDO-MIM IPO GMP soared high, while the grey market premium of Xtranet and Lohia Corp were showing a subdued potential for gain on the listing date.
Indo-MIM IPO GMP and Subscription
Indo-MIM's IPO opened for subscription today, and the share sale will close on July 27. Earlier, the price band for the IPO was fixed at Rs 461-485 per share, while the lot size was fixed at 30 shares.
GMP: According to InvestorGain, the GMP of Indo-MIM Ltd is Rs 198, up 40 per cent from the upper limit of the IPO's price band.
Subscription Status: Till 1:38 PM, the IPO was subscribed 0.65 times of 65 per cent.
Extranet Technologies
The Extranet Technologies IPO will open on July 27. Earlier, the price band was announced at Rs 120-Rs 127. At the same time, the lot size of the IPO is 110 shares.
GMP: According to InvestorGain, the GMP of Extranet Technologies is Rs 10, showing a gain of 7.8 per cent against the IPO price band.
Subscription Status: According to NSE data, the IPO was subscribed 0.59 or 59 times till 1:54 PM.
Lohia Corp
Lohia Corp's IPO will open for subscription today and will close on July 27th. The price band for the IPO was fixed at Rs 404-425, while the lot size is 35 shares.
GMP: According to InvestorGain, the GMP of Lohia Corp is Rs 33-- in the afternoon.
Subscription Status: Till 2:00 PM, the IPO was subscribed 0.18 times of 18 per cent.