Lohia Corp IPO Allotment Expected Today, With GMP Indicating Modest Listing Gains: Here’s How to Check Your Status!

Investors are eagerly awaiting the allotment of shares for the Lohia Corp IPO, which is set to finalize its share allocation today, July 28. This public issue, with a total size of Rs 1,101 crore, attracted considerable interest and was subscribed 7.25 times. Notably, the Qualified Institutional Buyers (QIB) category saw robust demand, with subscriptions at 9.11 times, while Non-Institutional Investors (NII) and Retail Individual Investors (RII) were subscribed 6.82 times and 2.77 times, respectively. The company’s shares are expected to debut on the BSE and NSE on July 30, offering investors a timely new opportunity in the Indian equity market.

As the IPO prepares for its market debut, it is currently commanding a Grey Market Premium (GMP) of approximately Rs 11 per share, suggesting a potential listing gain of around 3% over the upper issue price of Rs 425. While the GMP serves as an unofficial indicator of market sentiment, it is important to recognize that these values can fluctuate. The strong interest reflected in subscription numbers and a positive GMP are encouraging signs for prospective investors, signaling a favorable initial market reception.

The successful IPO of Lohia Corp indicates optimism among Indian investors, particularly due to the company’s promising financial growth, reporting a 64% year-on-year increase in net profit for FY26. This robust business momentum ahead of the stock market debut further heightens investor confidence. Given the overall interest in this public offering, Lohia Corp’s listing is poised to be a significant event in the Indian IPO landscape, reinforcing the trend of appealing opportunities in the country’s burgeoning equity market.

Source: The Economic Times

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