Lohia Corp IPO Review: A Global Leader with Potential, Yet No Bargain for Investors!

The highly anticipated IPO of Lohia Corp is scheduled to take place between July 23 and July 27, 2026, with a price band set between INR 404 and INR 425 per share. This offering is a 100% Offer For Sale (OFS), which means that existing shareholders, led by the promoter Lohia family, will be monetizing a portion of their holdings without any funds being raised for the company. The issue size is substantial, comprising 25,931,407 shares and worth an estimated INR 1,047.63 to INR 1,102.08 crore. Retail investors will have access to just 10% of the allocation, and there is a lot size of 35 shares, which translates to a minimum investment of approximately INR 14,875 at the upper cap. The tentative listing is anticipated on the BSE and NSE on July 30, 2026.

Grey market sentiment for Lohia Corp’s IPO has been cautiously optimistic, although precise figures are not yet available. Investors are advised to approach this listing with a discerning mindset, particularly because it is a secondary sale where no fresh capital will reach the company. This unique structure could lead to a muted market response, as the growth narrative may be perceived differently by investors who are typically accustomed to capital infusion through IPOs. Additionally, the prevailing sentiment should be analyzed alongside the company’s declining domestic market share, which has dropped notably in recent years, potentially impacting investor confidence.

For Indian investors, the Lohia Corp IPO represents both an opportunity and a risk. While the company holds a substantial market share in the woven raffia machinery sector and has showcased strong financial metrics—such as significant revenue growth and high return ratios—the reliance on a single product category (approximately 88% of revenue) and the competitive landscape present critical challenges. Moreover, the absence of capital raising could inhibit expansion initiatives that typically accompany an IPO. Investors should weigh the established strengths of Lohia Corp against the nuances of its market positioning and potential regulatory pressures inherent in the industry.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)