3 IPOs open for subscription: Xtranet Technologies, Indo-MIM, Lohia Corp day 1 today - Check live status, GMP and more

IPO Subscription Day 1: The initial public offerings (IPOs) of Xtranet Technologies, Indo-MIM, and Lohia Corp opened for subscription today. Overall, the three issues have received a decent response from investors.

In terms of subscription, Xtranet Technologies has attracted the highest investor interest so far, followed by Indo-MIM and LXtranet Technologies IPO is a book-built issue worth Rs 166.80 crore, comprising entirelyohia Corp. Here's how the three IPOs have performed on Day 1:

Xtranet Technologies IPO is a book-built issue worth Rs 166.80 crore, comprising entirely a fresh issue of 1.31 crore shares.

On Day 1, the IPO was subscribed 0.44 times, receiving bids for 40,82,210 shares against the 91,93,800 shares on offer.

The subscription has been primarily driven by the Retail Individual Investors (RIIs) segment, followed by Non-Institutional Investors (NIIs). Here's the category-wise subscription:

Despite the moderate subscription, investor sentiment in the grey market remains positive. As of Day 1, the IPO's Grey Market Premium (GMP) stands at Rs 13, indicating an estimated listing premium of over 10 per cent.

At the current GMP, investors could earn an estimated profit of Rs 1,430 per lot of 110 shares.

Indo-MIM IPO is a book-built issue worth Rs 3,811.21 crore, comprising a fresh issue of 1.03 crore shares aggregating to Rs 499.10 crore and an offer for sale (OFS) of 6.83 crore shares worth Rs 3,311.21 crore.

Indo-MIM IPO Subscription Status

Mirroring the trend seen in Xtranet Technologies, Indo-MIM IPO was subscribed 0.40 times on Day 1. However, the subscription was largely driven by the Non-Institutional Investors (NIIs) segment, followed by the employee quota.

Here's the category-wise subscription:

According to websites tracking the unlisted market, Indo-MIM IPO is commanding a Grey Market Premium (GMP) of Rs 198. This indicates an expected listing premium of nearly 41 per cent over the issue price of Rs 485.

Based on the current GMP, the estimated profit works out to around Rs 5,940 per lot of 30 shares.

Lohia Corp IPO is a book-built issue worth Rs 1,101.28 crore. The issue comprises an offer for sale (OFS) of 2.59 crore shares.

Unlike the other two IPOs, investor interest in Lohia Corp has remained relatively subdued. As of 12:30 pm on Day 1, the issue had been subscribed only 0.10 times.

Retail Individual Investors (RIIs) accounted for the highest participation, followed by the employee segment and Non-Institutional Investors (NIIs). Here's the category-wise subscription:

Despite the muted subscription, the grey market indicates steady investor interest. The IPO's Grey Market Premium (GMP) currently stands at Rs 33, implying an expected listing premium of around 8 per cent.

At the prevailing GMP, the estimated profit works out to approximately Rs 1,155 per lot of 35 shares.

(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)