The Indian primary market sees four public issues opening next week, including the Cube Highways Trust InvIT and IPOs from Indo MIM, Lohia Corp, and Xtranet Technologies. These offerings total over ₹6,000 crore, providing investors with new opportunities across infrastructure, precision engineering, machinery, and IT services.
The Indian stock market is preparing for a period of high activity as four distinct public issues are scheduled to open for subscription starting July 22, 2026. This lineup includes one Infrastructure Investment Trust (InvIT) and three Initial Public Offerings (IPOs), representing a diverse mix of sectors ranging from road assets to precision manufacturing and technology services.
Cube Highways Trust InvIT Details
Cube Highways Trust will lead the action with its InvIT public issue opening on July 22, with a closing date of July 24. The trust has set a price band of ₹151 to ₹152 per unit to raise ₹2,500 crore. An InvIT acts like a mutual fund for infrastructure, allowing investors to earn returns primarily from the toll collections of road assets owned by the trust. The company has already completed a strategic round raising ₹1,250 crore ahead of this public launch, which signals the transition from private ownership to a public listing.
Indo MIM, Lohia Corp, and Xtranet IPOs
Following the InvIT launch, three mainboard IPOs—Indo MIM, Lohia Corp, and Xtranet Technologies—are slated to open on July 23 and will remain open until July 27.
Indo MIM is the largest of this group, planning to raise ₹3,500 crore. The structure includes a fresh issue of ₹500 crore, which the company intends to use primarily for debt repayment and general corporate expenses. The remaining portion is an Offer for Sale (OFS), where existing shareholders will sell up to 6.82 crore shares. As a precision engineering firm with a global presence across India, the US, the UK, and Mexico, Indo MIM caters to high-growth sectors like automotive and defense.
Lohia Corp is launching an entirely OFS-based issue of up to 2.59 crore shares. Investors should note that since this is a pure OFS, the company itself will not receive any proceeds from the sale; the money will go directly to the selling shareholders.
Finally, Xtranet Technologies is seeking to raise ₹170 crore through a fresh issue of shares. The company plans to utilize these funds to repay debt, upgrade its IT systems, and support working capital requirements. Unlike the Lohia Corp offering, the entire amount raised by Xtranet will go toward strengthening its own balance sheet.
Investor Monitorables
With 32 companies having already debuted on the Indian stock exchanges in 2026, the primary market remains active. Investors looking at these issues may want to focus on a few key areas before participating. For the Cube Highways InvIT, the primary focus should be on the underlying road assets and the stability of toll collections. For Indo MIM and Xtranet Technologies, the ability to successfully reduce debt through the fresh issue proceeds will be a crucial factor to track. Meanwhile, for Lohia Corp, investors may want to examine the reasons behind the major shareholders' decision to sell their stakes through the OFS.