Lohia Corp

ListedListed 30 Jul 2026MainboardNSE: LCLCheck allotment
Current price₹ 597+40.47% since issue
Listing day+8.47%
Issue price
₹ 425
Issue size
₹ 1,101.28 Cr.
Min. investment
₹ 14,875
Listing price
₹ 461
Subscribed
7.25x
Lot size
35 shares
P/E
23.21
RoNW
106.11%
RoCE
30.45%
Debt / Equity
0.47
PAT margin
8.50%
EBITDA margin
16.49%
RoE
31.71%
EPS
₹ 18.31
NAV
₹ 34.83
Promoter stake
68.66%

About

Incorporated in 2023, Lohia Corp is a global manufacturer of machinery and equipment for technical textiles, especially for producing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks (raffia). As of March 31, 2026, the company has an installed capacity to produce 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders annually. The company offers a wide range of machines, including 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. The company's products serve both packaging and non-packaging industries. They are used in making cement, fertilizer, chemical, polymer, food grain, and mineral bags, shopping bags, FIBCs, and container liners, as well as in applications such as tarpaulins, geotextiles, ground covers, carpet backing, ropes, and twines. Key Numbers (As of March 31, 2026): The company has sold over 2,447 tape extrusion lines, 502,940 winders, and 101,452 circular weaving looms. As of July 17, 2026, it owned 54 trademarks, 71 patents in India, 56 patents outside India, and eight design registrations. Additionally, 24 trademark applications and 19 patent applications were pending registration. As of March 31, 2026, the company also had international offices in Brazil, Russia, Thailand, the UAE, and the USA, as well as warehouses in India, the USA, and the UAE, with stockists in eight countries. The company had 2,010 permanent employees as of March 31, 2026.

Timeline

  1. Opens
    23 Jul
    done
  2. Closes
    27 Jul
    done
  3. Allotment
    28 Jul
    done
  4. Listing
    30 Jul
    done

Grey market premium (GMP)

GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Highest
₹ 56 on 20 Jul 2026
Lowest
₹ 0 on 18 Jul 2026
First quoted
₹ 0 on 18 Jul 2026

Subscription

How many times each investor group bid for its share, as of 08 Aug 2026, 04:05 PM IST.

How much to apply for

The smallest and largest bids for each kind of investor at the upper price band.

Lots and amounts by investor type
Retail (Min)135₹ 14,875
Retail (Max)13455₹ 1,93,375
S-HNI (Min)14490₹ 2,08,250
B-HNI (Min)682,380₹ 10,11,500

Company overview

Financials

Financials by year
Assets1,304.66967.6
Total Income1,737.871,386.47
Profit After Tax193.45117.84
EBITDA339.45228.6
Reserves and Surplus519.16358.14
Total Borrowing152.78212.16

Strengths

  • Market leader in India and among the leading manufacturers globally of woven raffia machinery.
  • Diverse product portfolio offering end-to-end solutions for the woven fabric ecosystem.
  • Strong relationships with a diverse global customer base.
  • Advanced manufacturing infrastructure with comprehensive backward integration.
  • Technology-driven operations with a strong focus on innovation-led research and development.

Risks

  • The entire issue is an Offer for Sale; the company will not receive any proceeds, which go to the selling shareholders.
  • Demand for woven-fabric/raffia machinery is cyclical and tied to end-user capex cycles.
  • Significant international exposure (offices in Brazil, Russia, Thailand, UAE, USA) brings currency and geopolitical risk.
  • Incorporated in 2023 following reorganisation; limited standalone operating history under the current structure.
  • Revenue depends on a limited set of large customers and the order book.

What the money is for

Objects of the issue
——

Promoters

  • Raj Kumar Lohia
  • Gaurav Lohia
  • Amit Kumar Lohia
Promoter holding89.04%→68.66%before → after the issue · down 20.38 points

Anchor investors

27 anchors put in ₹ 492.09 Cr., including 13 mutual funds.

Anchor investors
KOTAK MANUFACTURE IN INDIA FUND8,00,030346.91%
KOTAK MULTICAP FUND7,99,995346.91%
ICICI PRUDENTIAL SMALLCAP FUND11,10,58547.29.59%
ICICI PRUDENTIAL EXPORTS & SERVICES FUND2,77,65511.82.4%
NIPPON INDIA SMALL CAP FUND9,71,77541.38.39%
NIPPON INDIA POWER & INFRA FUND4,16,46517.73.6%
ASHOKA INDIA EQUITY INVESTMENT TRUST PLC9,53,85540.548.24%
INDIA ACORN FUND LTD.4,34,38518.463.75%
MOTILAL OSWAL SMALL CAP FUND7,99,995346.91%
MOTILAL OSWAL FOCUSED FUND5,88,245255.08%
ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUND1,72,5507.331.49%
ADITYA BIRLA SUN LIFE MANUFACTURING EQUITY FUND1,72,5507.331.49%
ADITYA BIRLA SUN LIFE SPECIAL OPPORTUNITIES FUND1,72,5507.331.49%
SBI LIFE INSURANCE CO.LTD.7,05,950306.1%
TATA AIA LIFE INSURANCE CO.LTD.-RISING INDIA FUND (ULIF 073-17/01/24 RIF 110)5,17,650224.47%
TATA BUSINESS CYCLE FUND5,17,650224.47%
CANARA ROBECO SMALL CAP FUND5,17,650224.47%
KOTAK MAHINDRA LIFE INSURANCE CO.LTD.2,36,44910.052.04%
IKIGAI SMALL CAP FUND2,36,44910.052.04%
EDELWEISS LIFE INSURANCE CO.LTD.2,35,340102.03%
ALCHEMY EMERGING LEADERS OF TOMORROW2,35,305102.03%
LC PHAROS MULTI STRATEGY FUND VCC-LC PHAROS MULTI STRATEGY FUND SF11,17,67051.02%
ENIGMA SMALL OPPORTUNITIES FUND1,17,70551.02%
COGNIZANT CAPITAL DYNAMIC OPPORTUNITIES FUND1,17,67051.02%
CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD.1,17,67051.02%
SOCIETE GENERALE-ODI1,17,67051.02%
NOMURA SINGAPORE LTD.1,17,67051.02%

Registrar, lead managers and documents

Listing on
BSE, NSE
Face value
₹ 1 a share
Lead managers
Motilal Oswal Investment Advisors, Equirus Capital Pvt.Ltd.
Basis of allotment
Open

IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.