Indo-MIM vs Xtranet Technologies: Which IPO would be better to invest in for ₹15,000? Know the latest GMP, Subscription, Listing Gain, Price Band, Lot Size, Risk & Reward.
Indo-MIM vs Xtranet Technologies IPO Review: Currently, two IPOs are attracting the attention of investors in the stock market. On one hand there is Indo-MIM IPO, which is well discussed in the gray market. On the other hand, Xtranet Technologies IPO also seems to be the choice of investors. If you have a budget of around Rs 15,000 and you are not able to understand which of the two IPOs to invest in, then it would not be right to decide just by looking at the GMP. Let us know in which IPO you can get good profits…
Indo-MIM IPO vs Xtranet Technologies IPO: Basic Details
| Information | Indo-MIM IPO | Xtranet Technologies IPO |
|---|---|---|
| issue size | ₹3,811.21 crore | ₹167 crore |
| IPO opened | 23 July | 23 July |
| IPO closed | 27th July | 27th July |
| price band | ₹461-₹485 | ₹120-₹127 |
| minimum investment | ₹14,550 | ₹13,970 |
| listing potential | 30th July | 30th July |
Why only Rs 15,000 is needed?
The investment amount in both IPOs is around Rs 15,000. One lot of Indo-MIM IPO is priced at Rs 14,550, while one lot of Xtranet Technologies IPO is priced at Rs 13,970. Therefore, these are being compared the most among small investors.
Who is ahead in GMP?
Indo-MIM IPO is looking stronger in the gray market. According to market signals, its potential listing premium is believed to be around 34%. At the same time, the GMP of Xtranet Technologies IPO is currently around 6%. The special thing is that a few days ago its GMP had reached about 20%, but later a decline was seen in it. Keep in mind that GMP is an unofficial symbol. It does not guarantee returns on listing.
Who is getting more support in subscription?
Indo-MIM IPO
- By the morning of the second day the total subscription would be around 1.40 times.
- NII category around 3.85 times
- Retail share around 1.04 times
- Employees also fully subscribed
Xtranet Technologies IPO
- By the morning of the second day the total subscription would be around 1.40 times.
- Retail category around 1.76 times
- NII around 1.22 times
- QIB share is also showing good participation
What does Indo-MIM do?
Indo-MIM is among the largest MIM (Metal Injection Molding) companies in the world. The company manufactures high-precision engineering parts for automobile, defense, medical, aerospace and consumer products. It has a total of 15 manufacturing units in India, USA, UK and Mexico. The company works with more than 1000 global customers and has a strong hold in MIM technology.
What does Xtranet Technologies do?
Xtranet Technologies is an IT solutions company. It provides services like digital transformation, cloud service, cyber security, ERP, data center, network management and IT infrastructure to companies. The company’s business is related to the rapidly growing tech sector.
Strong points of Indo-MIM
- Included in the world’s biggest MIM companies
- business in many countries
- Presence in sectors like auto, defense and medical
- Good growth in last two years
- Strong growth in earnings and profits
- debt reduction plan
Strengths of Xtranet Technologies
- The entire amount will go towards the expansion of the company
- Work in digital and cloud service sector
- You can benefit from the increasing demand for IT services
- The company will get capital directly due to fresh issue.
Where is the risk?
Indo-MIM
- The valuation is relatively high.
- Weak global demand may have an impact.
- Challenges in the manufacturing sector may persist.
Xtranet Technologies
- GMP is weaker than before.
- The company is much smaller in size than Indo-MIM.
- There is more competition in the IT sector.
Which IPO is expected to earn more at ₹15,000?
If we consider only GMP as the basis, then currently Indo-MIM IPO appears ahead. At the same time, the GMP of Xtranet Technologies has become weaker than before. But investment decision should not be taken just by looking at GMP. The company’s business, financial performance, valuation and future prospects are equally important.
Disclaimer: This article has been written for general information purposes only. Do not consider this as investment advice. Investing in the stock market and IPOs is subject to risks. Before making any investment, definitely consult your financial advisor.