Four Public Issues Set To Open Next Week

The primary market is expected to remain active next week, with four public issues set to open for subscription. These include the Cube Highways Trust InvIT and the initial public offerings (IPOs) of Indo MIM, Lohia Corp, and Xtranet Technologies.

The Cube Highways Trust InvIT will launch its ₹5,000-crore public issue on July 22, with the subscription closing on July 24. The price band has been fixed at ₹151-152 per unit. This issue is entirely a book-built offer for sale by existing unitholders, as the trust transitions from a privately listed InvIT to a publicly listed platform.

Ahead of the public issue, Cube Highways Trust raised ₹1,250 crore from strategic investors through unit subscription agreements. The trust's decision to go public is expected to provide investors with a unique opportunity to invest in the infrastructure sector.

In addition to the Cube Highways Trust InvIT, three IPOs are set to open for subscription on July 23 and close on July 27. These include the IPOs of Indo MIM, Lohia Corp, and Xtranet Technologies. Anchor investor bidding for all three issues is scheduled for July 22.

Indo MIM's IPO comprises a ₹500-crore fresh issue, along with an offer for sale of up to 6.82 crore shares by existing shareholders. The company plans to use ₹400 crore from the fresh issue to repay debt, while the remaining amount will be used for general corporate purposes.

Lohia Corp's IPO, on the other hand, is entirely an offer for sale of up to 2.59 crore equity shares. This means that the company will not receive any funds from the issue. Lohia Corp manufactures machinery used in producing polypropylene and high-density polyethylene woven fabrics and sacks.

Xtranet Technologies is launching a ₹170-crore fresh issue, without any offer for sale component. The company plans to use the proceeds for debt repayment, purchasing systems and hardware, meeting working capital needs, and other corporate purposes.

The primary market has remained busy throughout 2026, with 32 companies launching their IPOs so far. The sustained fundraising activity in the capital markets is a positive sign for the Indian economy.

The total issue size of the four public issues opening next week is expected to be around ₹10,100 crore. This includes the ₹5,000-crore Cube Highways Trust InvIT and the IPOs of Indo MIM, Lohia Corp, and Xtranet Technologies.

The strong IPO activity is expected to continue in the coming weeks, with several companies lined up to launch their public issues. This is a positive sign for investors, who will have multiple options to choose from.

In conclusion, the primary market is expected to remain active next week, with four public issues set to open for subscription. These issues offer investors a diverse range of options, across sectors such as infrastructure, engineering, technical textiles, and information technology.

The significance of these public issues cannot be overstated, as they provide companies with the necessary funds to grow and expand their operations. This, in turn, is expected to have a positive impact on the Indian economy, as it will lead to job creation and increased economic activity.

Overall, the upcoming public issues are a positive sign for the Indian capital markets, and investors are expected to respond positively to these opportunities.