The primary market witnessed a busy start as three mainboard IPOs opened for subscription on July 23. The simultaneous launch of Extranet Technologies, Indo-MIM, and Lohia Corp has generated strong interest among retail and institutional investors looking for fresh investment opportunities.
With companies from different sectors entering the market at the same time, investors have multiple options to diversify their portfolios. Among the three public issues, Indo-MIM is currently attracting the highest attention in the grey market with a Grey Market Premium (GMP) of ₹185.
1. Extranet Technologies IPO
The Extranet Technologies IPO opened for subscription on July 23 and will close on July 27.
Key Details
Price Band: ₹120–₹127 per share
Lot Size: 110 shares
IPO Closing Date: July 27
Current GMP: ₹18
Investors must apply for a minimum of 110 shares, with additional applications accepted in multiples of the lot size.
Although the grey market premium is currently modest, market sentiment may change before the listing date.
2. Indo-MIM IPO
The Indo-MIM IPO has also opened today and will remain available for subscription until July 27.
Key Details
Price Band: ₹461–₹485 per share
Lot Size: 30 shares
IPO Closing Date: July 27
Current GMP: ₹185
Among the three IPOs, Indo-MIM is trading at the highest grey market premium, indicating strong investor interest ahead of listing.
3. Lohia Corp IPO
The Lohia Corp IPO is open for bidding from July 23 to July 27.
Key Details
Price Band: ₹404–₹425 per share
Lot Size: 35 shares
IPO Closing Date: July 27
Current GMP: ₹56
The company has also attracted healthy interest in the grey market, though its premium remains below Indo-MIM.
IPO GMP Comparison
Company Price Band Lot Size Current GMP*
Extranet Technologies ₹120–₹127 110 Shares ₹18
Indo-MIM ₹461–₹485 30 Shares ₹185
Lohia Corp ₹404–₹425 35 Shares ₹56
*Grey Market Premium (GMP) is unofficial and may change before listing.
What Is Grey Market Premium (GMP)?
Grey Market Premium (GMP) is the premium at which IPO shares trade in the unofficial market before their stock exchange listing.
A higher GMP generally reflects stronger investor sentiment and expectations of a positive listing. However, GMP is not an official indicator and should not be the sole basis for an investment decision.
Key Highlights
Three mainboard IPOs opened for subscription on July 23.
Extranet Technologies, Indo-MIM and Lohia Corp will close on July 27.
Indo-MIM currently has the highest GMP at ₹185.
Lohia Corp is trading at a GMP of ₹56.
Extranet Technologies has a GMP of ₹18.
Investors should evaluate company fundamentals, financials and valuations in addition to GMP before applying.
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