Lohia Corp shares made a strong market debut on Thursday, July 30, listing at ₹460 per share on BSE and ₹461 on NSE, representing an 8.9% premium over the IPO issue price of ₹425. The industrial machinery manufacturer's shares opened at ₹460 on BSE, up 8.24% from the issue price, while on NSE, the stock debuted at ₹461 per share. According to latest market data, the stock soon climbed to ₹488 on BSE and extended gains to ₹484.50, while on NSE, shares rose to ₹470 from the initial listing price. This performance exceeded the grey market premium of ₹17 per share that had been indicated ahead of the listing, with the stock commanding a grey market premium of around ₹17 indicating an expected listing gain of nearly 4%. Following the listing, the company's market capitalisation stood at ₹4,859.90 crore on the BSE. The stock has seen significant trading activity with over 6.60 lakh shares traded on BSE so far during the session.
The IPO, which was open for subscription from July 23 to 27, received a positive response with 7.25 times subscription overall. According to NSE data, bids were received for 10.40 crore shares against 1.44 crore shares reserved, with the strongest demand coming from qualified institutional buyers (QIB) category, which was 9.11 times subscribed. The non-institutional investor (NII) portion was subscribed 6.82 times, while the retail individual investor (RII) segment attracted bids for 2.77 times the shares reserved for the category. The employee quota was booked 1.39 times. The IPO received bids for 10,40,88,180 shares against 1,43,52,274 shares on offer, as per details available with the NSE.
Investors who received Lohia Corp IPO allotment made ₹1,260 per lot, taking the value of their investment to ₹16,135 according to the listing price on NSE. A lot consisted of 35 shares and cost ₹14,875 at the upper end of the price band. The grey market premium of ₹17 per share had indicated strong market sentiment ahead of the debut, though it remained an unofficial indicator that can fluctuate until the stock begins trading. The listing exceeded grey market expectations, as the GMP had indicated strong market sentiment with the stock commanding a premium of around 5% in the unlisted market ahead of the debut. The stock's performance on the first day of trading further validated the positive investor sentiment, with shares extending gains beyond the initial listing price.
Lohia Corp had launched its ₹1,102 crore IPO, with the price band set at ₹404 to ₹425 per equity share, valuing the company around ₹4,500 crore at the higher end. The public offering was entirely an offer for sale (OFS), under which existing shareholders are offloading their stake, and the company itself will not receive any proceeds from the issue. The IPO comprised the sale of 2.59 crore equity shares, with no fresh issue component. Ahead of the public issue, the company raised ₹492 crore from anchor investors on July 22, 2026. The OFS was conducted by promoters Gaurav Lohia, Ritu Lohia, Raj Kumar Lohia and Amit Kumar Lohia, along with shareholders Anuja Lohia, Alok Kumar Lohia and Anurag Lohia. Equirus Capital served as the book-running lead manager to the issue, while MUFG Intime India served as the registrar.
Lohia Corp is among India's leading manufacturers of machinery and equipment used in the technical textiles industry, producing machinery for polypropylene and high-density polyethylene woven fabrics and sacks. As of March 31, 2026, the company had an installed annual manufacturing capacity of 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders. The company's product portfolio includes tape extrusion lines, circular looms, coating and lamination systems, printing and conversion machines, multifilament yarn machinery, recycling equipment and related spare parts. The company reported strong financial performance in FY26, with revenue from operations increasing to ₹1,717 crore from ₹1,377 crore in FY25, representing 25% year-on-year growth. Net profit also rose significantly to ₹193.45 crore from ₹117.84 crore in the previous financial year, with net profit jumping 64% year-on-year to ₹193 crore. Incorporated in 2023, the company commands an 80% market share in India and a 17.5% share globally in the raffia machinery segment, backed by strong R&D and a robust patent portfolio. Lohia Corp is a global leader in woven raffia machinery, exporting to over 100 countries and serving a diversified customer base across end-use industries such as packaging, agriculture, infrastructure, and geotextiles.
Brokerage Kantilal Chhaganlal Securities Pvt. Ltd. has assigned a 'hold' rating to the stock after listing. Mahesh M Ojha, VP – research & business development at the brokerage, said that Lohia Corp appears fairly valued considering the company's global market leadership, strong export franchise, and favourable long-term industry prospects. "Investors with a long-term investment horizon may consider holding the stock, as the company has a strong market leadership, export-driven business model, and favourable industry dynamics provide the potential for sustained value creation over the medium to long term," Ojha noted. The company's products cater to packaging and industrial applications, including cement and fertiliser bags, Flexible Intermediate Bulk Containers (FIBCs), geotextiles, tarpaulins, ropes and twines, positioning it well in the growing technical textiles market.
