Lohia Corp IPO Opens July 23 at Rs 404–425 Price Band | Key Details

Lohia Corp IPO: Comprehensive Overview of the ₹1,100 Crore Public Issue

The initial public offering (IPO) landscape continues to witness robust activity, drawing significant participation from institutional and retail investors alike. Joining this dynamic wave is Kanpur-headquartered Lohia Corp Limited, a prominent name in the industrial machinery and technical textiles manufacturing sector. The company has officially announced the price band and schedule for its much-anticipated public issue.

Priced in the range of ₹404 to ₹425 per equity share, the ₹1,100 crore IPO is structured entirely as an Offer for Sale (OFS). This comprehensive analysis delves into the intricate details of the Lohia Corp IPO, covering key dates, financial performance, business model, share reservation breakdown, valuation, and competitive positioning within the market.

IPO Schedule and Timeline

Investors and market participants tracking the Lohia Corp public issue must note the structured timeline leading up to the stock market debut:

• Anchor Investor Bidding Date: July 22

• Issue Opening Date: July 23

• Issue Closing Date: July 27

• Basis of Allotment Finalization: July 28

• Initiation of Refunds / Credit of Shares to Demat Accounts: July 29

• Listing Date (NSE and BSE): July 30

Detailed Issue Structure and Financial Mechanics

The public issue is valued at ₹1,102.08 crore at the upper band limit of ₹425 per share. It is vital for investors to recognize the structural nature of this offering:

• 100% Offer for Sale (OFS): The IPO does not involve any fresh issue of equity shares. Instead, it features the sale of 2.59 crore equity shares by the existing promoter group, specifically members of the Lohia family.

• Proceeds Destination: Because the offering is an exclusive OFS, no capital will flow directly into the company for corporate expansion, debt reduction, or working capital requirements. The entire net proceeds from the share sale will go directly to the selling shareholders (promoters), minus the transaction expenses and applicable taxes.

• Market Capitalization: Upon successful listing, based on the upper price band, Lohia Corp’s total post-issue market capitalization is expected to stand at ₹4,490.13 crore.

Journey to the Public Markets

The path to this public offering involved rigorous regulatory milestones. Lohia Corp re-filed its draft papers with the Securities and Exchange Board of India (SEBI) in August 2025 and successfully secured regulatory approval in December 2025. Interestingly, the original Draft Red Herring Prospectus (DRHP) proposed an OFS size of 4.22 crore equity shares. This was subsequently rationalized and trimmed down to 2.59 crore equity shares ahead of the final launch.

Investor Reservation Breakdown

In accordance with regulatory norms, the net public issue of Lohia Corp is distributed across various investor categories in the following proportions:

• Qualified Institutional Buyers (QIBs): 75% of the total issue size is reserved for institutional investors, including mutual funds, foreign portfolio investors (FPIs), and insurance companies.

• Non-Institutional Investors (NIIs): 15% of the issue is allocated for high-net-worth individuals (HNIs) and corporate bodies.

• Retail Individual Investors (RIIs): 10% of the issue is dedicated to everyday retail participants.

Bidding Details for Retail Investors

• Price Band: ₹404 to ₹425 per equity share.

• Minimum Lot Size: Investors can bid for a minimum of 35 shares (amounting to ₹14,875 at the lower band and ₹14,875/₹14,850 approx, or precisely ₹14,875 at the upper price band of ₹425).

• Multiples: Bids must be made in multiples of 35 shares thereafter.

Business Overview: What Lohia Corp Does

Based out of Kanpur, Uttar Pradesh, Lohia Corp has established itself as a global leader and specialized manufacturer of machinery and equipment utilized heavily in technical textiles.

The company plays an essential role in the packaging and textile value chains, focusing specifically on equipment used to produce woven fabrics and sacks (commonly known as raffia) manufactured from polymers like Polypropylene (PP) and High-Density Polyethylene (HDPE).

Core Product Portfolio

Lohia Corp’s diversified and robust manufacturing catalog includes:

• Tape Extrusion Lines: Fundamental for producing high-strength plastic tapes.

• Circular Looms: Vital machinery used for weaving tubular fabric.

• Coating and Lamination Lines: Applied to enhance fabric durability and barrier properties.

• Printing and Conversion Machines: Used for branding and final bag manufacturing.

• Multifilament Yarn Machines & Twister Winders: Specialized machinery for yarn production.

• Monofilament Extrusion Lines & Recycling Machines: Sustainable solutions addressing modern manufacturing needs.

• Spare Parts & Ancillaries: Ensuring long-term lifecycle support and recurring revenue streams from existing machinery installations.

The company is guided by its key promoters—Raj Kumar Lohia, Gaurav Lohia, and Amit Kumar Lohia—whose strategic vision has driven its domestic footprint and extensive global export market presence.

Financial Performance Analysis

A look at Lohia Corp’s financial statements reveals strong growth momentum and operational efficiency over recent fiscal cycles.

FY2025-26 Financial Highlights

• Revenue from Operations: Stood at ₹1,717 crore, marking a robust 24.7% year-on-year increase compared to ₹1,376.9 crore recorded in the previous financial year.

• Net Profit: Experienced a stellar surge of 64.2%, climbing to ₹193.5 crore from ₹117.8 crore in the corresponding prior period.

This impressive expansion in top-line revenue accompanied by margin expansion highlights strong pricing power, operational leverage, and sustained global demand for specialized technical textile machinery.

Competitive Landscape and Peer Comparison

Operating in a specialized capital-goods subsegment, Lohia Corp competes with several established domestic engineering and machinery players. Listed industry peers include:

• Lakshmi Machine Works (LMW)

• Raju Engineers

• Mamta Machinery

While competitors operate across various segments of textile engineering (such as spinning or plastic processing machinery), Lohia Corp’s focused niche in PP/HDPE woven sack machinery and tape extrusion lines grants it distinct competitive advantages, deep domain expertise, and high entry barriers for new competitors.

Key Management and Advisory Team

To ensure seamless execution of the public offering, Lohia Corp has onboarded trusted financial intermediaries:

• Book-Running Lead Managers (BRLMs): Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited.

• Registrar to the Issue: MUFG Intime India Pvt. Ltd. (formerly Link Intime India), responsible for managing application processing, allotment finalization, and refund initiations.

Final Thoughts

The Lohia Corp IPO presents a unique opportunity for market participants to invest in an established niche engineering player with clean financial metrics, impressive profitability growth, and a global export footprint. While the offering is entirely an Offer for Sale—meaning no capital flows back into the business operations—the liquidity event enables the promoter group to unlock value while bringing the company under public scrutiny on both the NSE and BSE. With the bidding window opening on July 23 and closing on July 27, investors will closely watch institutional demand and subscription figures to gauge market sentiment for this Kanpur-based technical textiles giant.