Lohia Corp's IPO received just over 5% subscription by 11:00 am on July 23, 2026, according to data from the National Stock Exchange (NSE). The ₹1,101.28 crore public issue received bids for 6,00,180 shares against the total 1,43,52,274 shares on offer. The subscription was primarily driven by retail individual investors (RIIs), who bid for 20% of their allotted quota, while the employees' portion was subscribed 7% and the non-institutional investors' category saw 2% subscription. The IPO is a complete offer for sale (OFS) of 2.59 crore equity shares by existing shareholders, with no fresh issue of capital.
The grey market premium (GMP) for Lohia Corp IPO stands at ₹36 per share, indicating an estimated listing price of around ₹461, which represents a 8.47% premium over the IPO's upper price band of ₹425. According to InvestorGain and IPO Watch, the latest grey market premium shows an upward trend over the past six sessions, with the GMP fluctuating between a minimum of ₹0.00 and a maximum of ₹56. The grey market activity suggests a positive outlook for the listing, with experts noting strong institutional interest ahead of the public offering. However, investors should note that GMP is only an informal market indicator and should not be considered the sole factor when making an investment decision.
Investors can apply for a minimum of 35 shares in one lot and in multiples thereafter. At the upper price band of ₹425, a retail investor will need to invest at least ₹14,875 for one lot, with a maximum investment of ₹1,93,375 for 13 lots (455 shares). The minimum investment for Small High Net-worth Individuals (S-HNIs) is ₹2,08,250 for 14 lots (490 shares), while Big HNIs (B-HNIs) need to invest at least ₹10,11,500 for 68 lots (2,380 shares). Since the issue is entirely an Offer for Sale (OFS) by existing shareholders, the company will not receive any proceeds from the public offering. Equirus Capital Ltd is the book-running lead manager to the issue, with MUFG Intime India Pvt. Ltd. as the registrar.
The Kanpur-based company reported strong financial results ahead of its market debut. Net profit rose 64.2% year-on-year to ₹193.45 crore in FY26 from ₹117.84 crore in FY25, demonstrating exceptional profitability growth. Revenue from operations increased 25.3% year-on-year to ₹1,737.87 crore in FY26, up from ₹1,386.47 crore in the previous financial year, reflecting strong growth in both profitability and topline performance. EBITDA increased 48.5% to ₹339.45 crore in FY26. As of March 31, 2026, the company had total assets of ₹1,304.66 crore, reserves and surplus of ₹519.16 crore, while total borrowings declined to ₹152.78 crore. The company maintains a debt-to-equity ratio of 0.47 and demonstrates strong operational efficiency with a Return on Net Worth (RoNW) of 106.11%.
Lohia Corp, incorporated in 2023, is a global manufacturer of machinery and equipment used in the production of technical textiles, with a strong focus on machines for manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabrics and sacks. As of March 31, 2026, the company had an annual installed capacity of 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders. The company's product portfolio spans tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines, and related spare parts. Lohia Corp's machinery serves a wide range of packaging and industrial applications, enabling the production of cement, fertiliser, chemical, polymer, food grain and mineral bags, as well as shopping bags, flexible intermediate bulk containers (FIBCs), container liners, tarpaulins, geotextiles, ground covers, carpet backing, ropes, and twines. The company was originally incorporated as Kanpur Packaging Machines Limited in June 2023, following an NCLT-approved Scheme of Arrangement where the core undertaking of Lohia Trade Services Limited was demerged into the company, which was subsequently renamed Lohia Corp Limited in June 2024.
The OFS includes participation from multiple Lohia family members and other shareholders. According to The Hindu BusinessLine, promoters participating in the OFS include Raj Kumar Lohia (up to 167.28 lakh shares), Gaurav Lohia (22.18 lakh shares), Amit Kumar Lohia (9.20 lakh shares), and Ritu Lohia (16.71 lakh shares). Other selling shareholders include Alok Kumar Lohia (21.71 lakh shares), Anurag Lohia (11.38 lakh shares), and Anuja Lohia (10.85 lakh shares). The promoter holding will remain at 93% post-issue, with no change in their shareholding structure. The pre-issue shareholding stands at 72.94%, indicating significant promoter stake reduction through the OFS. The entire proceeds will go to the selling shareholders, as there is no fresh issue component in this IPO. The company competes against listed peers including Rajoo Engineers, Lakshmi Machine Works (LMW) and Mamata Machinery.
