If you invest in the stock market or are looking for opportunities to earn through IPOs, today—July 23—is a significant day for you. IPOs from three different companies are opening for investment simultaneously today. Such occasions—where multiple companies from diverse sectors launch their public issues on the same day—are relatively rare in the market.
Before investing in these IPOs, it is crucial to understand key aspects such as the company’s business operations, financial health, issue size, price band, and Grey Market Premium (GMP). However, note that the GMP is merely a market estimate and offers no guarantee regarding listing performance or profits. The three IPOs opening today belong to different industries and have distinct investment structures; therefore, ensure you gather all necessary information before applying.
Indo-MIM (Indo MIM IPO)
Established in 1996, Indo-MIM manufactures high-precision engineering parts using Metal Injection Molding (MIM) technology. The company produces components for various sectors, including automotive, defense, medical, consumer goods, and aerospace. Additionally, it provides comprehensive manufacturing services such as mold design, tooling, finishing, and assembly.
The Indo-MIM IPO will now involve the issuance of new shares worth ₹500 crore, while promoters and existing investors will sell 23.07 lakh shares. The company had previously reduced the size of its IPO; the fresh issue component was cut from ₹1,000 crore to ₹500 crore, and the Offer for Sale (OFS) was also reduced from the initially proposed 12.96 crore shares. At the upper end of the price band, the company’s market valuation will stand at approximately ₹23,981.4 crore.
The company intends to use ₹400 crore of the proceeds from the IPO to repay debt, while the remaining funds will be utilized for general corporate purposes. As of May 2026, the company had a total debt of ₹1,212.3 crore, and reducing this debt will remain its primary focus.
Indo-MIM IPO Grey Market Premium
The Indo-MIM IPO is receiving a strong response in the grey market. As of the morning of July 23, its grey market premium (GMP) stood at ₹185. Based on the upper price band of ₹485, the shares could potentially list at around ₹670, implying a potential gain of approximately 38.14% for investors on the listing day.
Lohia Corp (Lohia Corp IPO)
The ₹1,102 crore IPO of Lohia Corp, an industrial machinery manufacturer, has opened for subscription today (July 23) and will remain open until July 27. The company has fixed the price band at ₹404–₹425 per share. Retail investors can apply for a minimum of 35 shares. The IPO reserves 75% of the shares for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.
This IPO is entirely an Offer for Sale (OFS), wherein existing promoters and other shareholders are selling 2.59 crore shares. Consequently, the proceeds from the issue will not go to the company but to the selling shareholders. Prior to the IPO opening, the company raised ₹492 crore from anchor investors, including major mutual funds, insurance companies, and foreign investors. In the 2025-26 financial year, the company’s operational revenue rose to ₹1,717 crore, up from ₹1,376.87 crore the previous year. Meanwhile, its net profit also increased from ₹117.84 crore to ₹193.45 crore.
Extranet Technologies IPO
Extranet Technologies’ IPO, valued at ₹166.80 crore, has opened for subscription today and will remain open until July 27. It is entirely a fresh issue, under which the company will issue 1.31 crore new shares. The price band for the shares has been fixed at ₹120 to ₹127 per share.
A minimum lot size of 110 shares has been set for retail investors. Based on the upper price band, an investment of at least ₹13,970 will be required. Share allotment is expected to take place on July 28, while the company’s shares could be listed on the NSE and BSE on July 30. Share India Capital Services Private Limited is the book-running lead manager for the IPO, and KFin Technologies is the registrar.