Lohia Corp IPO allotment is expected to be finalised today (July 28), with investors able to check their status through BSE, NSE, and MUFG Intime India websites. Refunds and demat credit are scheduled for July 29, while the shares are expected to list on Thursday, July 30 at 10 am on both BSE and NSE. The ₹1,101.28 crore public issue closed with an overall subscription of 7.25 times, with total bids received for 10.40 crore shares against the 1.43 crore shares on offer. The Qualified Institutional Buyer (QIB) category was the standout performer, achieving 9.11 times subscription with bids for 7.03 crore shares, while Foreign Institutional Investors led within the QIB bucket, bidding for 3.91 crore shares, followed by mutual funds at 1.67 crore shares and domestic financial institutions at 76.41 lakh shares.
The IPO is currently commanding a grey market premium (GMP) of ₹13.5, indicating an estimated listing price of around ₹448.5 per share, calculated by adding the GMP to the upper price band of ₹425. This represents a modest listing premium of 3% over the issue price. According to Investorgain, this represents a significant improvement from earlier reports, signalling strengthening investor sentiment despite the company's strong FY26 earnings growth. The company's equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the BSE, with the tentative listing scheduled for Thursday, July 30 at 10 am. However, as per LiveMint, the current GMP of ₹11.5 indicates a pessimistic outlook, with grey market trends fluctuating between a minimum of ₹0.00 and a maximum of ₹56 over the past 11 days.
The issue is entirely an Offer for Sale of 25.93 crore shares, meaning Lohia Corp will receive no proceeds from the offering. As reported by Business Standard, the total issue size is valued at approximately ₹1,101.28 crore at the upper price band. Of the total share for sale on OFS, about 21.54 crore equity shares are sold by promoters [Raj Kumar Lohia, Amit Kumar Lohia, Gaurav Lohia and a member of the promoter group Ritu Lohia] and balance 4.39 crore equity shares are sold by other selling shareholders [Alok Kumar Lohia, Anurag Lohia, and Anuja Lohia]. The ₹425 upper price band, against a floor price of ₹405, determined the final offer price for the 2.59 crore equity shares on sale. Bidders were required to apply in lots of 35 shares, translating to a minimum investment of ₹14,875 for retail participants. The company reported strong financial performance with revenue of ₹1,717 crore in FY26, up 25.3% year-on-year from ₹1,376.87 crore in FY25. Profit after tax (PAT) jumped 64.2% to ₹193.45 crore, while EBITDA increased 48.5% to ₹339.45 crore.
Investors can check their allotment status through multiple platforms: MUFG Intime India registrar website by selecting 'Lohia Corp Limited' and choosing PAN, Application Number, DP/Client ID, or Account No/IFSC details; NSE website by selecting 'IPO bid details' and choosing company symbol 'LCL' with PAN and application number; or BSE website by selecting 'Equity' issue type, choosing 'Lohia Corp Limited' from the dropdown, and entering application number or PAN. The Non-Institutional Investor (NII) category closed at 6.82 times, with bids for 2.63 crore shares, while Retail Individual Investors (RII) closed at 2.77 times, up from 1.08 times at the end of Day 2. High-net-worth individuals bidding above ₹10 lakh were subscribed 7.35 times, while the sub-₹10 lakh NII segment came in at 5.77 times, and the employee reservation portion was subscribed 1.39 times. For allotment verification, investors can check the registrar portal at https://in.mpms.mufg.com/Initial_Offer/public-issues.html, BSE website at https://www.bseindia.com/investors/appli_check.aspx, or NSE website at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
As of March 31, 2026, Lohia Corp maintains significant manufacturing capacity with 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders installed annually. The company operates six manufacturing facilities across India, the US, and Italy, exporting to around 100 countries. Lohia Corp is a leading global manufacturer of technical textile machinery, specializing in equipment for polypropylene (PP) and HDPE woven fabric and sacks (raffia). The company offers end-to-end solutions across the raffia production chain, including tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, and recycling equipment. Incorporated in 2023, Lohia Corp holds a 15.4% share of the global woven raffia machinery market and a 40.7% share in India (FY25). 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 with 127 granted patents worldwide.
