Lohia Corp
- 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
- doneOpens23 Jul
- doneCloses27 Jul
- doneAllotment28 Jul
- doneListing30 Jul
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.
| Retail (Min) | 1 | 35 | ₹ 14,875 |
| Retail (Max) | 13 | 455 | ₹ 1,93,375 |
| S-HNI (Min) | 14 | 490 | ₹ 2,08,250 |
| B-HNI (Min) | 68 | 2,380 | ₹ 10,11,500 |
Company overview
Financials
| Assets | 1,304.66 | 967.6 |
| Total Income | 1,737.87 | 1,386.47 |
| Profit After Tax | 193.45 | 117.84 |
| EBITDA | 339.45 | 228.6 |
| Reserves and Surplus | 519.16 | 358.14 |
| Total Borrowing | 152.78 | 212.16 |
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
| — | — |
Promoters
- Raj Kumar Lohia
- Gaurav Lohia
- Amit Kumar Lohia
Anchor investors
27 anchors put in ₹ 492.09 Cr., including 13 mutual funds.
| KOTAK MANUFACTURE IN INDIA FUND | 8,00,030 | 34 | 6.91% |
| KOTAK MULTICAP FUND | 7,99,995 | 34 | 6.91% |
| ICICI PRUDENTIAL SMALLCAP FUND | 11,10,585 | 47.2 | 9.59% |
| ICICI PRUDENTIAL EXPORTS & SERVICES FUND | 2,77,655 | 11.8 | 2.4% |
| NIPPON INDIA SMALL CAP FUND | 9,71,775 | 41.3 | 8.39% |
| NIPPON INDIA POWER & INFRA FUND | 4,16,465 | 17.7 | 3.6% |
| ASHOKA INDIA EQUITY INVESTMENT TRUST PLC | 9,53,855 | 40.54 | 8.24% |
| INDIA ACORN FUND LTD. | 4,34,385 | 18.46 | 3.75% |
| MOTILAL OSWAL SMALL CAP FUND | 7,99,995 | 34 | 6.91% |
| MOTILAL OSWAL FOCUSED FUND | 5,88,245 | 25 | 5.08% |
| ADITYA BIRLA SUN LIFE INFRASTRUCTURE FUND | 1,72,550 | 7.33 | 1.49% |
| ADITYA BIRLA SUN LIFE MANUFACTURING EQUITY FUND | 1,72,550 | 7.33 | 1.49% |
| ADITYA BIRLA SUN LIFE SPECIAL OPPORTUNITIES FUND | 1,72,550 | 7.33 | 1.49% |
| SBI LIFE INSURANCE CO.LTD. | 7,05,950 | 30 | 6.1% |
| TATA AIA LIFE INSURANCE CO.LTD.-RISING INDIA FUND (ULIF 073-17/01/24 RIF 110) | 5,17,650 | 22 | 4.47% |
| TATA BUSINESS CYCLE FUND | 5,17,650 | 22 | 4.47% |
| CANARA ROBECO SMALL CAP FUND | 5,17,650 | 22 | 4.47% |
| KOTAK MAHINDRA LIFE INSURANCE CO.LTD. | 2,36,449 | 10.05 | 2.04% |
| IKIGAI SMALL CAP FUND | 2,36,449 | 10.05 | 2.04% |
| EDELWEISS LIFE INSURANCE CO.LTD. | 2,35,340 | 10 | 2.03% |
| ALCHEMY EMERGING LEADERS OF TOMORROW | 2,35,305 | 10 | 2.03% |
| LC PHAROS MULTI STRATEGY FUND VCC-LC PHAROS MULTI STRATEGY FUND SF1 | 1,17,670 | 5 | 1.02% |
| ENIGMA SMALL OPPORTUNITIES FUND | 1,17,705 | 5 | 1.02% |
| COGNIZANT CAPITAL DYNAMIC OPPORTUNITIES FUND | 1,17,670 | 5 | 1.02% |
| CITIGROUP GLOBAL MARKETS MAURITIUS PVT.LTD. | 1,17,670 | 5 | 1.02% |
| SOCIETE GENERALE-ODI | 1,17,670 | 5 | 1.02% |
| NOMURA SINGAPORE LTD. | 1,17,670 | 5 | 1.02% |
Registrar, lead managers and documents
- Listing on
- BSE, NSE
- Face value
- ₹ 1 a share
- Registrar
- MUFG Intime India Private Limited
- 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.