Upcoming IPOs This Week: Cube Highways Trust, Xtranet Tech, Indo-MIM, Lohia Corp Among New Issues To Open

The week follows robust investor interest in the IPO market, driven by the blockbuster public issue of SBI Funds Management. The ₹9,813 crore IPO of India's largest mutual fund house was subscribed more than 40 times, attracting bids worth nearly ₹2.98 lakh crore.

Apart from new IPOs, the market will also witness five new companies make their stock market debut in the coming week.

Here's a list of IPOs opening for subscription next week -

Cube Highways Trust IPO

Cube Highways Trust will launch its InvIT public issue on July 22 and end on July 24. The price band has been set at ₹151-₹152 per unit.

The ₹5,000-crore issue is a 100% book-built offer for sale (OFS) by existing unitholders as the trust transitions from a privately listed InvIT to a publicly listed platform. Kotak Mahindra Capital Co. Ltd. is acting as the book-running lead manager, while KFin Technologies Ltd. has been appointed as the registrar to the issue.

Prior to the public issue, Cube Highways Trust raised ₹1,250 crore from strategic investors via unit subscription agreements.

Indo-MIM IPO

The Indo-MIM IPO will open for subscription on July 23 and conclude on July 27, 2026. It is a book-built issue comprising a fresh issue worth ₹499.10 crore along with an offer for sale (OFS) of 6.82 crore equity shares worth ₹3,311.21 crore by existing shareholders.

The company will use fresh issue proceeds totalling ₹400 crore to repay borrowings, while the remaining funds will be utilised for corporate general purposes.

The price band has been fixed at ₹461 to ₹485 per share, and a lot consists of 30 shares. HDFC Bank is acting as the book-running lead manager for the issue, while MUFG Intime India has been appointed as the registrar.

Indo-MIM Ltd, founded in 1996, operates 15 manufacturing units across India, the United States, the United Kingdom and Mexico, serving the automotive, medical, defence, consumer and aerospace sectors.

Lohia Corp IPO

The Lohia Corp IPO will open for public subscription on July 23 and conclude on July 27. It is a book-built issue comprising 2.59 crore shares, with the entire offering being an offer for sale (OFS). The company will not receive any proceeds from the issue.

The price band is yet to be announced by the company. The lot size for an application is 35 equity shares. Equirus Capital has been appointed as the book-running lead manager for the issue, while MUFG Intime India is serving as the registrar.

Lohia Corp manufactures machinery and equipment utilised to produce technical textiles, particularly high-density polyethylene (HDPE) and polypropylene (PP) woven fabrics and sacks.

Xtranet Technologies IPO

Xtranet Technologies IPO will open for subscription on July 23 and conclude on July 27. The ₹166.80-crore book-built issue comprises entirely a fresh issue of 1.31 crore equity shares, with no OFS component.

The company has fixed the IPO price band at ₹120-127 per share, and a lot consists of 110 shares. Share India Capital Services is the book-running lead manager for the issue, while KFin Technologies has been appointed as the registrar.

Net proceeds from the issue will be utilised for debt repayment, working capital requirements, purchase of systems and hardware, and general corporate purposes. Founded in 2002, the company is an integrated information technology solutions provider, offering end-to-end services like enterprise applications, digital transformation, managed services, strategic technology partnerships and proprietary platforms.

Gulf Lloyds (India) IPO

Gulf Lloyds IPO will open for subscription on July 20, and close on July 22. The IPO is a fixed-price issue worth ₹18.19 crore and comprises entirely a fresh issue of 18.19 lakh shares.

The company has fixed the issue price at ₹100 per share. Interactive Financial Services is the book-running lead manager for the issue, while KFin Technologies has been appointed as the registrar.

Metalic Technoforge IPO

Metalic Technoforge IPO will open for public subscription on July 21 and close on July 23. The IPO is a book-built issue worth ₹49.96 crore, comprising entirely a fresh issue of 0.65 crore equity shares.

The company has fixed the IPO price band at ₹72-77 per share. Smart Horizon Capital Advisors is the book-running lead manager for the issue, while Bigshare Services has been appointed as the registrar.

Shree Balaji (Mala) Textiles IPO

Shree Balaji Mala's IPO will open for public subscription on July 22 and close on July 24. The ₹18.90 crore IPO is a book-built issue, comprising entirely a fresh issue of 0.27 crore equity shares.

The company has fixed the price band at ₹66-70 per share. GYR Capital Advisors is serving as the book-running lead manager for the issue, while KFin Technologies has been appointed as the registrar.

Silverstorm Parks & Resorts IPO

Silverstorm Parks & Resorts is also among the SME issues opening for subscription next week, rounding out the eight new offers hitting the primary market.

New Listings

SBI Funds Management IPO: The mainboard IPO will list on NSE and BSE with a tentative listing date fixed as July 21.

Alpine Texworld IPO: The mainboard IPO will list on NSE and BSE with a tentative listing date fixed as July 21.

Caliber Mining & Logistics IPO: The mainboard IPO will list on NSE and BSE with a tentative listing date fixed as July 24.

Millworks Technologies IPO: The SME IPO will list on the BSE SME with a tentative listing date fixed as July 21.

Sotefin Bharat IPO: The SME IPO will list on the BSE SME with a tentative listing date fixed as July 23.

Also Read - Xtranet Technologies IPO Opens 23 July At ₹120-₹127; Fresh Issue Of ₹166.8 Crore With No OFS