Cube Highways Trust InvIT and Indo MIM Lead Four Exciting Public Issues Launching This Week!
The upcoming week is poised to be significant for the primary market, featuring four noteworthy public offerings. Among these, the InvIT from Cube Highways Trust is set to capture investor attention, offering a Rs 5,000-crore public issue from July 22 to July 24, with a price band established at Rs 151-152 per unit. Notably, this transition from a privately listed InvIT to a public platform involves a 100 percent book-built offer for sale by its existing unitholders. The trust has already raised Rs 1,250 crore from strategic investors ahead of this issue, reflecting strong institutional interest and laying a solid foundation for its forthcoming public offering.
In addition to Cube Highways Trust, the IPOs of Indo MIM, Lohia Corp, and Xtranet Technologies will commence subscription on July 23 and conclude on July 27, with anchor investor bidding taking place on July 22. The IPO of Indo MIM, a prominent player in precision engineering, involves a fresh issue of shares valued at Rs 500 crore alongside an offer for sale of 6.82 crore shares by existing stakeholders. The company projects a total issue size exceeding Rs 3,500 crore, with proceeds earmarked primarily for debt repayment and general corporate purposes, potentially enhancing its financial stability and growth prospects.
Lohia Corp, specializing in the manufacturing of machinery for technical textiles, is pursuing an entirely offer-for-sale strategy with its IPO, consisting of up to 2.59 crore equity shares without generating any proceeds for the company itself. This could indicate a strategy aimed at providing liquidity for existing shareholders rather than funding new projects. Meanwhile, Xtranet Technologies is set to launch a Rs 170-crore fresh issue without any OFS component, directing its proceeds toward debt repayment, system acquisitions, and working capital, which could signify a commitment to strengthening operational efficiency in a competitive IT environment.
As of 2026, 32 companies have executed their maiden public offerings, indicating robust market activity despite broader economic conditions. The current series of IPOs and public offerings serve as a barometer of investor confidence and market appetite, particularly as firms leverage the equity markets for growth capital in various sectors, including infrastructure, manufacturing, and technology solutions. With a diverse offering pool and strategic placements, investors should remain vigilant in monitoring these developments to assess their potential impact on market dynamics.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)