Upcoming IPO activity in the Indian primary market will see seven companies launch public issues between July 20 and July 23. The lineup includes three SME IPOs and four mainboard issues. Based on the current Grey Market Premium (GMP), Indo-MIM has the highest premium among the upcoming offerings, while the other IPOs are also attracting investor attention.
Investors can compare the opening and closing dates, price bands, lot sizes, and Grey Market Premium (GMP) of each issue before deciding their investment strategy.
The seven companies scheduled to launch IPOs next week are Gulf Lloyds (India), Metallic Technoforge, Cube Highways Trust, Shree Balaji (Mala) Textiles, Extranet Technologies, Indo-MIM, and Lohia Corp. Of these, three are SME IPOs and four are mainboard issues. Indo-MIM has drawn the most attention as its Grey Market Premium (GMP) has reached approximately ₹166.
Gulf Lloyds (India) will open its IPO on July 20, with the issue closing on July 22. The company has fixed the issue price at ₹100 per share. The lot size is 1,200 shares. As it is an SME issue, retail investors are required to apply for a minimum of two lots. Its current GMP is reported at around ₹15.
Metallic Technoforge will open its IPO on July 21 and close on July 23. The company has fixed a price band of ₹72–77 per share, with a lot size of 1,600 shares. Its current GMP is reported at zero.
Cube Highways Trust and Shree Balaji (Mala) Textiles will open their IPOs on July 22. Cube Highways Trust has set a price band of ₹151–152 per unit, with a lot size of 95 units. Shree Balaji (Mala) Textiles has fixed a price band of ₹65–70 per share and a lot size of 2,000 shares. Its current GMP is reported at around ₹10.
Extranet Technologies, Indo-MIM, and Lohia Corp will open their IPOs on July 23, with subscriptions closing on July 27. Extranet Technologies has fixed a price band of ₹120–127 per share and a lot size of 110 shares. Its current GMP is reported at around ₹25.
Indo-MIM currently has the highest Grey Market Premium among the upcoming IPOs. According to available grey market indications, its GMP has reached approximately ₹166. However, the company has not yet officially announced its price band or lot size.
Lohia Corp has also not announced the pricing details of its IPO, while its current GMP is reported at zero.
Grey Market Premium reflects only the prevailing market sentiment and does not guarantee the listing performance of an IPO. GMP may change significantly before listing. Investors should evaluate a company's financial position, business model, valuation, and associated risks rather than relying solely on GMP. Reading the official prospectus and related documents before investing is advisable.
