Lohia Corp Sets Price Band for ₹1,101 Crore IPO, Opening on July 23
Lohia Corp has established a price band for its upcoming initial public offering (IPO) ranging from Rs 404 to Rs 425 per share, targeting a total capital raise of Rs 1,101.28 crore through an entirely Offer for Sale (OFS) structure. The subscription period for retail investors commences on July 23, with anchor investor bidding scheduled for July 22 and concluding on July 27. This IPO primarily enables existing shareholders, including prominent promoters such as Raj Kumar Lohia and Gaurav Lohia, to liquidate their stakes without the company receiving any direct funding from the issuance.
The overall share allotment process is anticipated to conclude by July 28, followed by a market debut on both the NSE and BSE on July 30. With a minimum investment threshold for retail investors pegged at Rs 14,875 for one lot of 35 shares, this IPO presents an entry point to a company well-positioned in the global machinery manufacturing sector, particularly in the technical textiles segment. Lohia Corp’s robust product line, including tape extrusion lines and circular looms, caters to diverse industrial needs such as packaging and construction, signaling a broad addressable market.
From a financial perspective, Lohia Corp has demonstrated commendable growth, reporting a substantial 64% year-on-year increase in net profit to Rs 193 crore for FY26 and a revenue rise of 25% to Rs 1,717 crore. This impressive performance, relative to the prior fiscal year, underscores the company’s ability to capitalize on expanding market demand for its machinery amidst growing sectors such as cement, chemicals, and food production. Investors may find this financial trajectory compelling as it suggests operational efficiency and the potential for sustained profitability moving forward.
With an installed capacity that includes 240 tape extrusion lines and 13,800 circular looms, Lohia Corp is strategically positioned to leverage the escalating demand for polypropylene and high-density polyethylene products. The IPO offers investors an opportunity to engage with a business that operates in a niche yet essential sector, backed by strong financial performance and a commitment to advancing its technical capabilities. Overall, Lohia Corp presents an intriguing opportunity for investors seeking exposure to the industrial manufacturing landscape.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)