Lohia Corp IPO GMP Slides As Issue Opens For Subscription, Check Price Band And Other Details

The initial public offering (IPO) of Lohia Corp opened for subscription on July 23, seeking to raise Rs 1,101.28 crore through a book-built issue. The IPO is entirely an offer for sale (OFS) of 25.93 million equity shares. Investors can bid for the issue until July 27.

The basis of allotment is expected to be finalised on July 28, while refunds are scheduled to be initiated on July 29. Successful applicants are likely to receive shares in their demat accounts on the same day. The company is scheduled to make its stock market debut on BSE and NSE on July 30.

Equirus Capital and Motilal Oswal Investment Advisors are the book-running lead managers to the issue, while MUFG Intime India is the registrar.

Lohia Corp is a global manufacturer of machinery used in technical textiles, particularly polypropylene (PP) and high-density polyethene (HDPE) woven fabric and sacks.

Lohia Corp IPO: Price Band, Lot Size

Lohia Corp IPO has been priced in the range of Rs 404-425 per share, with a face value of Re 1 each. Since the issue is entirely an OFS, the company will not receive any proceeds from the public issue. Instead, the funds will go to the existing shareholders selling their stakes.

The IPO has reserved 75 per cent of the net offer for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors (NIIs) and 10 per cent for retail investors. The issue also reserves up to 2,00,000 shares for eligible employees, who will receive a discount of Rs 40 per share, equivalent to about 9.41 per cent of the upper end of the price band.

Retail investors can bid for a minimum of one lot comprising 35 shares, requiring an investment of Rs 14,875 at the upper price band. The minimum investment for small NIIs is 14 lots or 490 shares, amounting to Rs 2,08,250, while big NIIs need to apply for at least 68 lots or 2,380 shares worth Rs 10,11,500.

Lohia Corp IPO Selling Shareholders

Promoter Raj Kumar Lohia is the largest selling shareholder, offering up to 1,67,28,500 shares. Other selling shareholders include promoter Amit Kumar Lohia, promoter Gaurav Lohia, promoter group member Ritu Lohia, and shareholders Alok Kumar Lohia, Anurag Lohia and Anuja Lohia.

Lohia Corp IPO Subscription Status

As of 5:04 pm on the opening day of bidding, Lohia Corp's IPO was subscribed 0.39 times. The retail investors' continued to see the highest demand, with 0.67 times subscription, followed by the qualified institutional buyers (QIB) category, excluding anchor investors, at 0.43 times. The non-institutional investor (NII) segment was subscribed 0.15 times.

Within the NII segment, the small NII portion was subscribed 0.24 times, while the big NII category was booked 0.11 times. The employee quota was subscribed 0.26 times. Overall, the IPO received bids for 56,54,915 shares against the 1,43,52,274 shares available for subscription, with 39,194 applications submitted.

Lohia Corp IPO GMP Today

The latest grey market premium (GMP) for Lohia Corp IPO stood at Rs 33 on July 23, according to websites that track such trades. Based on the upper end of the price band at Rs 425, the GMP indicates an estimated listing price of around Rs 458 per share, implying a premium of about 7.76 per cent.

The premium has weakened from Rs 56 on July 20 to Rs 40 on July 21, Rs 36 on July 22 and Rs 33 on the opening day of the issue.

GMPs reflect the price at which IPO shares trade unofficially before listing. It is an informal indicator of investor sentiment and should not be treated as a reliable predictor of listing performance.

Lohia Corp IPO Anchor Investors

Ahead of the IPO opening, Lohia Corp raised Rs 492.11 crore from anchor investors by allocating 1,15,79,133 equity shares at Rs 425 per share.

Domestic mutual funds accounted for 63.20 per cent of the anchor allocation through 13 schemes across seven fund houses. Major participants included ICICI Prudential Smallcap Fund, Nippon India Small Cap Fund, Kotak Manufacture in India Fund, Kotak Multicap Fund, Motilal Oswal Small Cap Fund and Canara Robeco Small Cap Fund. Life insurance companies received 14.64 per cent of the anchor allocation, with SBI Life Insurance, Tata AIA Life Insurance, Kotak Mahindra Life Insurance and Edelweiss Life Insurance among the investors.

Lohia Corp Financial Performance

Lohia Corp’s total income increased to Rs 1,737.87 crore in FY26 from Rs 1,386.47 crore in FY25. Profit after tax rose to Rs 193.45 crore from Rs 117.84 crore, while Ebitda grew to Rs 339.45 crore from Rs 228.60 crore during the same period.

Its Ebitda margin improved to 19.53 per cent from 16.49 per cent a year earlier, while the PAT margin expanded to 11.13 per cent from 8.50 per cent. Return on equity stood at 36.80 per cent in FY26, and the debt-to-equity ratio improved to 0.23 from 0.47.

At the upper end of the price band, the IPO is valued at a price-to-earnings multiple of 23.21 times based on FY26 earnings. The company's post-issue market capitalisation is estimated at Rs 4,490.13 crore.

About Lohia Corp

Incorporated in 2023, Lohia Corp manufactures machinery and equipment used in the production of technical textiles, with a focus on PP and HDPE woven fabrics and sacks.

As of March 31, 2026, the company had an annual installed capacity of 240 tape extrusion lines, 13,800 circular looms and 1,08,000 winders. Its product portfolio includes tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, monofilament extrusion lines, recycling machines and spare parts.

Its equipment is used across packaging and non-packaging applications, including cement and fertiliser bags, food grain sacks, shopping bags, flexible intermediate bulk containers (FIBCs), container liners, tarpaulins, geotextiles, carpet backing, ropes and twines.

By March 31, 2026, the company had sold more than 2,447 tape extrusion lines, 5,02,940 winders and 1,01,452 circular weaving looms. It also owns 54 trademarks, 71 patents in India, 56 overseas patents and eight design registrations, while several trademark and patent applications remain pending.

Lohia Corp has international offices in Brazil, Russia, Thailand, the UAE and the US. It also operates warehouses in India, the UAE and the US, with stockists across eight countries. The company employed 2,010 permanent employees as of March 31, 2026.

The company's promoters are Raj Kumar Lohia, Gaurav Lohia and Amit Kumar Lohia. Before the IPO, the promoter shareholding stood at 95.61 per cent and is expected to decline to 75.24 per cent after the offer due to the OFS.