Indo-MIM IPO vs Xtranet Technologies IPO vs Lohia Corp IPO: Which GMP Signals Better Listing Gains?

IPO Listing in Focus

Three recently concluded mainboard IPOs—Indo-MIM, Xtranet Technologies, and Lohia Corp—are scheduled to make their stock market debut on July 30, 2026.

With subscriptions now complete, investor attention has shifted to the Grey Market Premium (GMP), which offers an unofficial indication of expected listing performance.

Latest GMP Comparison

Among the three IPOs, Indo-MIM is commanding the strongest grey market premium.

• Indo-MIM IPO GMP: ₹180
• Expected Listing Premium: Around 37%
• Xtranet Technologies IPO GMP: ₹13.5
• Expected Listing Premium: Around 10.6%
• Lohia Corp IPO GMP: ₹19
• Expected Listing Premium: Around 4.5%

Although GMP provides an indication of market sentiment, it does not guarantee the actual listing price.

IPO Subscription Comparison

Indo-MIM IPO

Indo-MIM received the strongest investor response among the three IPOs.

• Overall Subscription: 72.37x
• QIB: 204.47x
• NII: 50.65x
• Retail: 6.69x

The strong subscription across investor categories has supported the highest grey market premium.

Xtranet Technologies IPO

Xtranet Technologies also witnessed healthy demand during the bidding process.

• Overall Subscription: 12.24x
• QIB: 7.13x
• NII: 26.65x
• Retail: 8.98x

The IPO continues to trade at a moderate premium in the grey market.

Lohia Corp IPO

Lohia Corp received a decent response from investors.

• Overall Subscription: 7.26x
• QIB: 9.11x
• NII: 6.82x
• Retail: 2.78x

Despite healthy subscriptions, the GMP indicates relatively modest listing expectations.

IPO Snapshot

Indo-MIM

• Latest GMP: ₹180
• Estimated Premium: 37%
• Overall Subscription: 72.37x

Xtranet Technologies

• Latest GMP: ₹13.5
• Estimated Premium: 10.6%
• Overall Subscription: 12.24x

Lohia Corp

• Latest GMP: ₹19
• Estimated Premium: 4.5%
• Overall Subscription: 7.26x

What Investors Should Know

Grey Market Premium reflects unofficial market sentiment and changes frequently before listing. Actual listing prices depend on overall market conditions, investor demand on listing day, and broader market sentiment.

Among the three IPOs, Indo-MIM currently shows the strongest grey market momentum, while Xtranet Technologies indicates moderate listing expectations. Lohia Corp is trading at a comparatively lower premium, suggesting relatively modest listing gains based on current GMP trends.

All three IPOs are scheduled to list on the BSE and NSE on July 30, 2026.

Disclaimer

This article is published solely for educational and informational purposes and should not be considered financial, investment, legal, or tax advice. The information presented is based on publicly available sources and is believed to be accurate at the time of publication; however, TrendRipperX does not guarantee its completeness or accuracy.

TrendRipperX is not registered with the Securities and Exchange Board of India (SEBI) as an Investment Adviser or Research Analyst. Any views expressed are for informational purposes only and do not constitute a recommendation to buy, sell, or hold any security.

Investments in financial markets are subject to market risks. Readers should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.