Among the three mainboard public issues opening on July 23, 2026, Indo-MIM leads the grey market with a commanding Grey Market Premium (GMP) of ₹205, signaling potential listing gains of 42.27% over its upper price band of ₹485 per share. In comparison, Lohia Corp and Xtranet Technologies trail with expected listing gains of 20.71% and 19.69%, respectively, reflecting broad enthusiasm in the primary market ahead of their launch.Grey Market Comparison at a GlanceAll three public issues are scheduled to open for subscription from July 23 to July 27, 2026, with share allotments expected on July 28 and market debuts on July 30.CompanyIssue SizePrice BandCurrent GMPEst. Listing PriceExpected Listing GainIndo-MIM₹3,811.21 Cr₹461 – ₹485₹205₹690+42.27%Lohia Corp₹1,101.28 Cr₹404 – ₹425₹88₹513+20.71%Xtranet Technologies₹166.80 Cr₹120 – ₹127₹25₹152+19.69%Detailed Breakdown of Upcoming IPOs1. Indo-MIM Limited (Grey Market Leader)Market Capitalization: ~₹23,981 crore at the upper price band.Business Profile: World’s largest manufacturer of precision engineering components utilizing Metal Injection Molding (MIM) technology, holding a 6.8% global market share across aerospace, defense, and automotive sectors.Financial Highlights: Operational revenue rose 26% year-on-year to ₹4,193 crore in FY26, while Net Profit (PAT) expanded 26% to ₹533.5 crore.Issue Structure: Fresh issue of ₹500 crore combined with an Offer for Sale (OFS) of ₹3,311.21 crore.2. Lohia Corp LimitedCore Business: Global leader in specialized machinery and turnkey solutions for technical textiles and woven polypropylene/HDPE plastic bags.Financial Highlights: Demonstrated high operational efficiency in FY26 with revenues reaching ₹1,738 crore and Net Profit growing 64% to ₹193.45 crore (RoE of 36.8%).Issue Structure: Pure Offer for Sale (OFS) of 2.59 crore shares valued at ₹1,101.28 crore.3. Xtranet Technologies LimitedCore Business: Integrated IT solutions provider delivering enterprise applications, managed cloud services, and digital transformation systems for government and private enterprise clients.Financial Highlights: FY26 revenue surged 32% to ₹366.01 crore, while Profit After Tax (PAT) grew 35% to ₹40.73 crore.Issue Structure: 100% fresh issue of 1.31 crore equity shares raising ₹166.80 crore.Market Note: Grey Market Premiums (GMP) serve as an unofficial, unregulated benchmark of market sentiment and can fluctuate rapidly prior to listing dates based on broader market volatility and institutional bidding trends.Also Read :- Millworks Technologies IPO Listing: SME Stock Hits Upper Circuit After 90% Premium Debut
