Grey market premiums for three prominent Indian initial public offerings have solidified, with Indo-MIM leading the pack at a premium of ₹180 per share.
This valuation implies a potential listing gain of approximately 37%, signaling sustained investor confidence in the country’s primary market despite broader global volatility.
The strong demand for Indo-MIM is mirrored by positive sentiment for Xtranet Technologies and Lohia Corp, both of which closed their subscription windows earlier this week to healthy response across retail and institutional categories.
While the premiums for these two issuers are lower than Indo-MIM’s, they still indicate meaningful upside potential at listing, suggesting that the current IPO wave is not isolated to a single sector or company.
This cluster of strong grey market signals reinforces the narrative of renewed vigor in India’s equity markets.
The consistent demand across diverse sectors—from manufacturing to technology—highlights a broad-based appetite for new listings.