Indo-MIM and Lohia Corp IPOs Open as Market Watches

The initial public offering of precision components maker Indo-MIM Ltd saw a strong start on July 23, 2026, achieving 1.41 times subscription by the end of Day 1. Demand was particularly robust in the non-institutional investor category, which was booked 3.04 times. Conversely, Lohia Corp experienced a more modest reception on its debut day, managing only 0.40 times subscription for its Offer for Sale issue.

Caliber Mining & Logistics is scheduled to debut on the bourses on July 24, 2026, following a massive 154.66 times oversubscription. Grey market premiums (GMP) for Caliber remain positive, signaling a potential listing gain of approximately 18% over the IPO price of ₹424. The strong demand for Caliber reflects sustained institutional appetite for infrastructure-related logistics firms in the current market environment.

The current IPO calendar highlights a divergence in investor interest between specialized precision manufacturing and standard industrial offerings. Investors continue to use GMP indicators as a proxy for listing-day performance while navigating varying subscription levels across the current batch of new public listings. These offerings form a significant component of the mid-market capital raising cycle for the current fiscal quarter.