Indo-MIM and Lohia Corp IPOs draw strong demand and modest grey‑market premiums

Indo-MIM Limited’s initial public offering, opened on July 23 2026, closed on July 27 with an overall subscription of 7.47 times. The final grey‑market premium (GMP) was ₹196 per share, implying a potential listing gain of about 40.4 % when trading begins. The company aims to raise ₹3,811.21 crore, with roughly ₹400 crore earmarked for debt repayment to improve financial stability.

Lohia Corp’s three‑day IPO, also running from July 23‑27 2026, was subscribed 0.65 times overall, with retail investors covering the allocation 1.24 times. The issue size was Rs 1,102.08 crore and was entirely an offer‑for‑sale, meaning proceeds go to existing shareholders. The GMP stood at Rs 7, suggesting an expected listing appreciation of about 1.65 %. The company manufactures industrial machinery and exports to around 100 countries.