Grey market premiums for three Indian initial public offerings set to open on July 23 are indicating strong anticipated listing gains, signaling renewed vigor in the primary market.
Lohia Corp, Indo-MIM, and Xtranet Technologies are all showing positive grey market trends, suggesting that investors are willing to pay a premium over the issue price for these new listings.
The positive sentiment comes despite persistent global uncertainty and heightened geopolitical tensions, which have previously weighed on market sentiment.
The grey market activity suggests that domestic investor appetite remains resilient, with participants betting on immediate listing gains for these companies.
Xtranet Technologies, an IT solutions and services provider, plans to raise ₹167 crore through its IPO by issuing 1.31 crore equity shares.
The company has set a price band for its shares, and the positive grey market premium indicates that investors expect the stock to trade above this range upon listing.