Lohia Corp IPO: Machinery Manufacturer’s Public Issue Opens On July 23 - Should You Apply

Lohia Corp has announced the price band for its public issue. The company filed its Red Herring Prospectus (RHP) on July 17. Notably, the public issue will be conducted as a 100 per cent book-built offer consisting entirely of an offer for sale. The public issue is set to open for subscription on July 23.

Ahead of the opening of the bidding window, here is a detailed look at the key aspects of the public issue and the company's business that investors should know before they consider applying for the public issue.

Lohia Corp IPO: Offer Size and Selling Shareholders

Lohia Corp IPO comprises an offer for sale of up to 25.93 million equity shares of face value of Re 1 each aggregating up to Rs 1,101.28 crore. Investors in the company are set to pare their stake in the public issue. The selling shareholders include Raj Kumar Lohia, Amit Kumar Lohia, Gaurav Lohia, Ritu Lohia, Alok Kumar Lohia, Anurag Lohia, and Anuja Lohia. Before the issue, the promoters and promoter group held a 95.61 per cent stake in the company.

Lohia Corp IPO: Price Band and Lot Size

Lohia Corp has set the price band for its public issue at Rs 404 to Rs 425 per share. Retail investors can apply for the issue by placing bids for a minimum of 35 shares, which amounts to a minimum investment of Rs 14,875. The small non-institutional investor category can bid for
the issue by applying for a minimum of 14 lots aggregating to Rs 2,08,250, and for the big non-institutional investor, the minimum amount will be 68 lots or Rs 10,11,500.

Lohia Corp IPO: GMP

Lohia Corp shares are quoting a grey market premium of Rs 35 per share above the upper end of the price band, according to websites which track the demand for shares of unlisted companies. The stock is likely to debut at Rs 460 apiece with a premium of 8.24 per cent.

Lohia Corp IPO: Key Financials

Lohia Corp's total income grew by 25 per cent to Rs 1,737.87 crore in the fiscal year ended March 31, 2026, compared to Rs 1,386.47 crore in the preceding fiscal. The consolidated profit after tax of the company for the same period stood at Rs 193.45 crore, increasing by over 64 per cent compared to Rs 117.84 crore in the preceding fiscal.

Lohia Corp: Business Model

Lohia Corp is a global manufacturer of machinery and equipment for technical textiles for producing polypropylene and high-density polyethylene woven fabric and sacks. The company has an installed capacity to produce 240 tape extrusion lines, 13,800 circular looms, and 1,08,000 winders annually.

Lohia Corp operates as a business-to-business (B2B) manufacturer; the company’s revenue is driven by capital equipment sales, supported by aftermarket services and replacement parts. Notably, machinery and equipment sales made up around 88.16 per cent of the company’s revenue in FY26. The company also generates recurring revenue through the sale of proprietary spare parts required to maintain and operate its machinery, and additional revenue is secured by offering ongoing maintenance services and customised turnkey engineering solutions for its clients.

Lohia Corp: Competitors

Lohia Corp is a market leader in the domestic woven Raffia fibre machines market. Within India, the company holds a 40.7 per cent share of the domestic woven Raffia machinery market in FY25. Globally, it captures a 15.4 per cent market share. Key players in the global market include Starlinger & Co. GmbH, Yongming Machinery, Hengli Machinery, Tianfeng Plastic Machinery, Polystar, and JP Extrusiontech.

Lohia Corp IPO: Should You Apply?

Investors interested in the upcoming public issue should assess risks and strengths related to the company's business before applying:

Lohia Corp IPO: Key Risks

• The company is dependent on the performance of the woven raffia machines market, which accounts for a major portion of its revenue from operations.

• Significant increases or fluctuations in prices of, or shortages of, or delay or disruption in supply of primary raw materials could affect its estimated costs.

• The company sources a major portion of its raw materials, parts and components from overseas suppliers, exposing it to import restrictions or changes in tariffs.

Lohia Corp IPO: Key Strengths

• The company is a market leader in India and among the leading manufacturers globally of woven raffia machinery.

• It claims it has a diverse product portfolio offering end-to-end solutions for the woven fabric ecosystem.

• It maintains strong relationships with a diverse global customer base.

Lohia Corp IPO: Objective

The company will not receive any proceeds from the offer-for-sale. However, the company plans to achieve the benefits of listing its equity shares on the NSE and BSE.