Lohia Corp IPO

The Lohia Corp mainboard IPO opens for subscription on 23 Jul 2026 and closes on 27 Jul 2026, offered at a price band of ₹404–425 per share, and is set to list on NSE and BSE. In total, the issue aims to mobilise ₹1,101.28 crore. Retail investors bid in lots of 35 shares, a minimum application of ₹14,875.

Issue structure

The IPO is structured entirely as an offer for sale of ₹1,101.28 crore. The company receives no fresh capital — the proceeds go to the selling shareholders who are paring their stake.

Financials

In FY2026, Lohia Corp reported revenue of ₹1,737.87 crore and a net profit of ₹193.45 crore. Revenue grew from ₹1,386.47 crore in FY2025 to ₹1,737.87 crore in FY2026 (+25.0%). At the upper band, that puts the issue at roughly 23.2× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 23.21× post-issue earnings and 8.61× book value, against a return on net worth of 72.95% and a debt-to-equity ratio of 0.23. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Jyoti CNC Automation and LMW, with a median peer P/E of about 58.3×. The issue's own post-issue P/E works out to 23.21×.

Promoters

The promoters of the company are <p>Raj Kumar Lohia, Gaurav Lohia, Amit Kumar Lohia</p>. Promoter holding stands at 89.04% before the issue and comes down to 68.66% after listing.

Grey market premium (GMP)

In the unofficial grey market, Lohia Corp shares are quoted at a premium of ₹16.5 implying an expected listing around ₹441.5, about +3.9% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Lohia Corp IPO was subscribed 7.26 times overall. The strongest demand came from qualified institutional buyers (QIB) at 9.11 times, with non-institutional investors (NII) at 6.82× and retail investors at 2.78×.

Listing performance

Lohia Corp listed on 30 Jul 2026 at ₹460, a premium of +8.2% over the issue price of ₹425.

What to weigh

When evaluating the Lohia Corp IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Lohia Corp

Lohia Corp is leading global manufacturer of machinery and equipment for technical textiles, especially for producing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks (Raffia). As of March 31, 2025, it has an installed capacity of 240 tapelines, 13,800 circular looms, and 108,000 tape winders annually. The company offers a wide range of machines, including tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines, and related spare parts. Our products serve both packaging and non-packaging industries. They are used in making cement, fertilizer, chemical, polymer, food grain and mineral bags, shopping bags, FIBC, and container liners, as well as in applications like tarpaulins, geotextiles, ground covers, carpet backing, ropes, and twines. Key Numbers (As of March 31, 2025): Sold over 2,300 tape extrusion lines, over 468,000 winders and 96,000 circular weaving looms. As of DRHP date, it owns 53 trademarks, 60 patents in India, 56 patents outside India and eight design registrations and 22 trademarks and 28 patent registration are pending. Four sales offices in India and one corporate offices with 5 international offices in Brazil, Russia, Thailand, UAE and USA. Sales agent in 17 countries across regions such as Latin America, Africa, East Asia and the Middle East. 1736 permanent employees as of May 31, 2025. Competitive Strengths Market leader in India and among the leading manufacturers globally of woven raffia machinery Diverse product portfolio, offering end-to-end solutions for the woven fabric ecosystem Strong relationships with a diverse, global customer base Advanced manufacturing infrastructure with comprehensive backward integration Technology-driven operations with a strong focus on innovation-led research and development