Lohia Corp IPO Launches on July 23: Everything You Need to Know!
Lohia Corp is poised to launch its initial public offering (IPO) next week, with the public issue set to open for bidding on July 23 and closing on July 27. This IPO is an offer for sale (OFS) of over 2.59 crore shares held by promoters and other shareholders, meaning the proceeds will not benefit the company directly but rather the selling shareholders. Key details of the offering include the opportunity for anchor investors to secure shares on July 22. Equirus Capital and Motilal Oswal Investment Advisory have been appointed as the book-running lead managers for the issue. Upon completion, the shares are expected to be listed on both the BSE and NSE, marking a significant event for the Kanpur-based company.
Prominent shareholders participating in the OFS include Raj Kumar Lohia, Gaurav Lohia, and several others, collectively offering a sizable portion of their holdings. Financially, Lohia Corp has demonstrated robust growth, reporting a net profit of Rs 193 crore for FY26—a 64% increase YoY. Additionally, revenues surged approximately 25% to Rs 1,717 crore during the same period. This strong financial performance may create positive sentiment around the IPO, especially among investors looking for growth stories in emerging sectors such as technical textiles.
The upcoming IPO reflects the vibrant activity in the Indian primary market, with several other offerings set to open for subscription and others on track for listing. Investors should keep an eye on market sentiment, specifically in the grey market, which may offer insights into investor confidence ahead of the listing. The participation of institutional investors and the overall market dynamics could indicate solid demand for shares of Lohia Corp. Thus, this IPO presents an important opportunity for Indian investors looking to engage with companies that are at the forefront of the technical textiles sector.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)