Lohia Corp IPO Sees Modest Demand On Second Day of Bidding - Check GMP, Price Band And Lot Size

The subscription window of Lohia Corp's initial public offering (IPO) is set to close on July 27. After witnessing modest demand on the first day of bidding, the Lohia Corp IPO has been subscribed 46 per cent so far on its second day.

The grey market premium (GMP) for the machinery manufacturer's shares hints at a positive debut for the stock. Here is a look at some of the key details related to Lohia Corp's public issue:

Lohia Corp IPO GMP

The grey market premium for Lohia Corp's shares hovered around Rs 11 per share on the second day of bidding, according to websites which track the demand for shares of unlisted companies. Lohia Corp shares are expected to make a positive debut with estimated gains of around 2.59 per cent, potentially listing at Rs 436 per share.

Lohia Corp IPO Subscription

On the second day of subscription, the Lohia Corp IPO was booked 46 per cent across investor categories as they placed bids for 6.59 million shares compared to the 14.35 million shares set aside for the category. Employees of the company booked their quota of 38 per cent as they bid for 76,335 shares compared to the 2,00,000 shares reserved for them.

Retail investors subscribed to their quota 93 per cent as they applied for 2.40 million shares compared to 2.57 million shares set aside for them. Non-institutional investors booked their quota of 21 per cent as they applied for 8,26,875 shares compared to 3.85 million shares reserved for the category. Qualified institutional buyers (QIBs) booked their quota 43 per cent as they bid for 3.29 million shares compared to the 7.71 million shares set aside for the category.

Lohia Corp IPO Issue Size

Lohia Corp seeks to raise Rs 1,101.28 crore from its public issue. The company's issue comprises an offer for sale (OFS) of 25.9 million shares by existing promoters and shareholders, with no fresh issue component.

Lohia Corp IPO Price Band

Lohia Corp's IPO price band was set between Rs 404 and Rs 425 per share. The minimum lot size for retail individual investors was set at 35 shares, which amounts to an investment of Rs 14,875.

Lohia Corp IPO: Subscription Dates and Listing Date

The Lohia Corp IPO subscription window opened on July 23 and will close on July 27. The basis of allotment for the IPO will be announced on July 28. Lohia Corp will issue refunds for unsuccessful applicants on July 29, and shares will be credited to demat accounts on the same day. The company's shares are scheduled to list on the bourses on July 30.

Lohia Corp: Financials

Lohia Corp posted a total income of Rs 1,737.87 crore for the financial year ended March 31, 2026, an increase of 25 per cent compared to Rs 1,386.47 crore in the preceding fiscal. The company’s profit after tax (PAT) rose by 64 per cent to Rs 193.45 crore in the fiscal year ended March 31, 2026, compared to Rs 117.84 crore in the preceding fiscal.

Lohia Corp IPO: Registrar

The registrar for the Lohia Corp IPO is MUFG Intime India, and the book-running lead managers for the issue include Equirus Capital and Motilal Oswal Investment Advisors.

Lohia Corp: Promoters

The promoters of the company include Raj Kumar Lohia, Gaurav Lohia, and Amit Kumar Lohia. The promoters of the company held a 95.61 per cent stake in the company pre-issue; their collective shareholding will reduce to 75.24 per cent post the issue.

About Lohia Corp

Incorporated in 2023, Lohia Corp is a global manufacturer of machinery and equipment for technical textiles, especially for producing polypropylene (PP) and high-density polyethene (HDPE) woven fabric and sacks (raffia). The company provides manufacturing solutions for technical textile producers across the globe.