New Delhi, July 29 -- The three mainboard IPOs-Xtranet Technologies, Indo-MIM, and Lohia Corp-closed for subscription earlier this week after receiving a healthy response across investor categories.

With the subscription process now complete, investors have shifted their focus to the stocks' potential listing gains, which are often gauged through the grey market premium (GMP).

Although the GMP provides an indication of the likely listing price, it does not reflect the actual listing price, as it fluctuates daily based on market sentiment. Moreover, the grey market is an unofficial market, and the GMP should be viewed only as an early indicator rather than the sole basis for investment decisions.

Among the three IPOs, precision engineer...