Lohia Corp IPO: Slow Start, Retail Leads Subscription

Lohia Corp, a key player in manufacturing machinery for the technical textiles industry, commenced its Rs 1,101.28 crore initial public offering (IPO) on July 23, 2026. By 11:00 am, the issue had garnered just over 5 percent subscription. The subscription activity was notably led by retail individual investors (RIIs), who showed strong interest by bidding for 20 percent of their allocated quota.

The IPO is structured as a complete offer for sale (OFS) of 2.59 crore equity shares, with no new capital being issued. The company has established a price band ranging from Rs 405 to Rs 425 per share. Market observers noted a grey market premium (GMP) of Rs 36, suggesting a potential listing gain of approximately 8.47 percent.

Lohia Corp demonstrated significant financial performance in the fiscal year ending March 2026. Total income saw a substantial year-on-year increase of 25.3 percent, reaching Rs 1,737.87 crore. Profit after tax (PAT) experienced a remarkable jump of 64.2 percent, while EBITDA grew by 48.5 percent.

The basis of allotment is anticipated on July 28, 2026, with the shares expected to list on the BSE and NSE on July 30, 2026. Lohia Corp specializes in equipment for producing polypropylene and high-density polyethylene woven fabrics and sacks, serving various packaging and industrial applications.