About Lohia Corp IPO
Lohia Corp IPO Overview
Lohia Corp IPO is a 100% book-built issue of ₹1,101 crore, entirely an Offer for Sale (OFS) of up to 2.59 crore equity shares, while the face value of each equity share is ₹1. The company filed its DRHP with SEBI on August 12, 2025.
The price band of the issue is set at ₹404 and ₹425 per share and the lot size for an application is 35 shares. The minimum amount of investment required by an individual investor is ₹14,875 (35 shares). The IPO will be open for subscription from July 23 to 27, 2026, on the BSE and the NSE platforms, with a tentative listing date fixed as July 30, 2026. The book-running lead managers of the issue are Equirus Capital Private Ltd. and Motilal Oswal Investment Advisors Ltd., while MUFG Intime India Private Ltd. (formerly Link Intime India Private Ltd.) serves as the registrar to the offer.
Lohia Corp IPO Date & Timeline
The Lohia Corp IPO is officially set to open for subscription on Jul 23, 2026 and will close on Jul 27, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on August 12, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Jul 28, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 29, 2026. Finally, shares of Lohia Corp Ltd. are tentatively scheduled to list on the stock exchanges on Jul 30, 2026.
Lohia Corp IPO Timeline
| IPO Open Date | Thu, Jul 23, 2026 |
| IPO Close Date | Mon, Jul 27, 2026 |
| Tentative Allotment | Tue, Jul 28, 2026 |
| Initiation of Refunds | Wed, Jul 29, 2026 |
| Credit of Shares to Demat | Wed, Jul 29, 2026 |
| Tentative Listing Date | Thu, Jul 30, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Lohia Corp IPO Details
| Detail | Description |
|---|---|
| IPO Date | 23 to 27 Jul, 2026 |
| Listing Date | 30 Jul, 2026 |
| Face Value | ₹ 1 per share |
| Issue Price Band | ₹ 404 to ₹ 425 |
| Lot Size | 35 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 2,59,31,407 shares (agg. up to ₹ 1,101 Cr) |
| Offer for Sale | 2,59,31,407 shares of ₹1 (agg. up to ₹ 1,101 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,56,50,000 shares |
| Share Holding Post Issue | 10,56,50,000 shares |
Lohia Corp IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Lohia Corp IPO GMP is currently trading at ₹15, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹440, which is 3.53% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹425 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹17 and a lot size of 35 shares.
Lohia Corp GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 24 Jul 2026 | ₹425.00 | ₹17 | 24 Jul, 202605:37 PM |
| 23 Jul 2026 | ₹425.00 | ₹15 | 23 Jul, 202605:55 PM |
| 22 Jul 2026 | ₹425.00 | ₹35 | 22 Jul, 202603:52 PM |
| 21 Jul 2026 | ₹425.00 | ₹40 | 21 Jul, 202604:19 PM |
| 20 Jul, 2026 | ₹425.00 | ₹90 | 20 Jul, 202606:05 PM |
| 19 Jul, 2026 | ₹425.00 | ₹50 | 20 Jul, 202611:06 AM |
Company Background
Lohia Corp Ltd. was established as "Kanpur Packaging Machines Ltd." on June 5, 2023, although it has been operating in the market since 1981 as a joint venture between the Lohia group and Maschinenfabrik Starlinger & Co., Austria. The headquarter of the company is in Kanpur, Uttar Pradesh.
The present corporate structure was achieved after a demerger and change of name, which came into effect on May 1, 2024. The company has received recognition for its engineering expertise over the years. It has emerged as a world leader in the field of machinery for technical textiles, especially for items made of polypropylene (PP) and high-density polyethylene (HDPE).
Operations & Product Range
Lohia Corp Ltd. offers a comprehensive range of machinery required for the production of fertiliser sacks, woven fabric and cement bags, primarily used by customers in the packaging and textile sectors. The company’s manufacturing process encompasses the entire life cycle of the raffia industry, which is also known as a “concept to commissioning” process. The major products and services offered by this company are:
- Tape extrusion lines and tape winders.
- Circular looms for weaving.
- Coating, lamination and printing machines.
- Specialized machinery, like multifilament yarn machines and recycling units.
Facilities & Capacity
Lohia Corp Ltd. has various manufacturing units spread across different industrial centers. The main units are based in the Panki Industrial Estate and the Lohia Industrial Complex in Kanpur, Uttar Pradesh. It also has manufacturing operations in Bengaluru, Karnataka.
While the company produces a wide variety of machines, its installed capacity for extrusion lines is recorded at 12 units. The company also operates the Manpower Technical Training Center (MTTC) in Kanpur to train its workforce in machine building and technical operations.
Brands & Market Presence
The "LohiaCorp" brand is a global leader in the raffia machinery market. As of 2024, Lohia Corp Ltd. has a 15.4% share of the global woven raffia machinery market in terms of revenue. The company has established a strong global presence, with exports accounting for 56.64% of its revenue from its Fiscal 2025 operations. The company has been receiving the EEPC India National Award for Export Excellence, which reflects the company’s strength in the engineering export field.
Revenue Streams & Business Model
Lohia Corp Ltd. serves as a manufacturer and exporter of machinery for the technical textiles and flexible packaging industries. Revenue streams are generated through the sale of equipment—such as tape extrusion lines, circular looms and rewinding machines—alongside spare parts, maintenance services and customised turnkey engineering solutions. Global sales networks, direct customer contracts and recurring aftermarket services drive steady financial growth for the company across domestic and international markets.
Financial Performance
Lohia Corp Ltd. demonstrated a strong financial performance in FY26, driven by strong operational growth and expanding global market share. The company achieved revenue of ₹1,717 crore, representing a 25% year-on-year growth compared to ₹1,377 crore in FY25. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) reached ₹339.45 crore, while Profit After Tax (PAT) expanded by 64% year-on-year to ₹193.45 crore. Overall, the company maintains healthy profitability margins, low leverage and solid return ratios across domestic and international markets.
Management & Shareholding
The promoters of Lohia Corp Ltd. are Raj Kumar Lohia, Gaurav Lohia and Amit Kumar Lohia. Before the IPO, they collectively owned 74.69% of the total ownership of the company. Raj Kumar Lohia (Chairman & Managing Director) has more than 43 years of experience in manufacturing, while Gaurav Lohia (COO) has more than 20 years of experience. The promoters of the company, after this IPO, expected to retain a majority stake post-offer, as this issue is a 100% offer for sale.
Board & Key Management
The Board of Directors of Lohia Corp Ltd. is headed by its Chairman & Managing Director, Raj Kumar Lohia and the whole-time directors are COO Gaurav Lohia, Rajendra Kumar Arya and Paritosh Kumar Mukherjee. The independent directors of the Board of Directors are Dinesh Kumar Mittal, Naresh Kumar Gupta, Basant Seth, Keith Reddy and Padmaja Reddy. The key managerial personnel are CFO Anupam Agarwal and CS Shikha Srivastava.
Lohia Corp IPO Financial Information
Latest Revenue
1,717.00
₹ Crore
Profit After Tax
193.45
₹ Crore
Total Borrowing
152.78
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 1,304.66 | 1,717.00 | 193.45 | — | 519.16 | 152.78 | |||
| 31 Mar 2025 | 967.60 | 1,376.87 | 117.84 | — | 358.14 | 212.16 | |||
| Amount in ₹ Crore | |||||||||
Lohia Corp Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 36.80 % |
| ROCE | 40.92 % |
| Debt/Equity | 0.23 |
| RoNW | 72.95 % |
| PAT Margin | 11.13 % |
| EBITDA Margin | 19.53 % |
| Price to Book Value | 8.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 18.31 | 18.31 |
| P/E (x) | 23.21 | 23.21 |
IPO Objectives
As the Lohia Corp IPO is entirely an offer for sale, the company will not receive any funds from the issue. The primary objectives are.
- To achieve the benefits of listing the equity shares on the stock exchanges, such as brand visibility.
- To provide an exit or partial liquidity to the selling shareholders.
IPO Review
Lohia Corp Ltd. specialises in manufacturing equipment for technical textiles and flexible packaging. The firm produces tape extrusion lines, circular looms, and rewinding systems alongside offering aftermarket parts and customised engineering solutions globally.
Financially, the company has shown growing and profitable financial statements; the operational revenue expanded 25% year-on-year to ₹1,717 crore from ₹1,377 crore in FY25. EBITDA reached ₹339.45 crore, while Profit After Tax (PAT) surged 64% year-on-year to ₹193.45 crore.
However, investors must be aware of both sides of the company, from potential risks to growing financials. Key risks include sensitivity to raw material price fluctuations, high dependency on global textile capital expenditure cycles, export market exposure, and potential supply chain disruptions impacting delivery timelines.
Overall, the IPO shows a consistent entirety of an Offer for Sale (OFS), which is providing liquidity to existing shareholders; also, strong FY26 earnings growth and market leadership make the issue attractive for long-term investors seeking capital positive exposure.
Conclusion
The Lohia Corp IPO gives investors an insight into a company that is highly export-oriented and has a rich history of innovation; it is also a shining example of the engineering capabilities of the Indian nation, as it holds a substantial market share in the global market for speciality textile machinery. The company’s strong market position and end-to-end service approach have been its execution strategy. With this listing, the company wants to provide a smooth exit to its existing shareholders and to receive the benefits of a stock exchange listing.
Frequently Asked Questions
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Competitive Strengths
Market Legacy by operating since 1981 in India and among the leading global companies
Provides a broad product spectrum encompassing the entire woven fabric chain, from extrusion to conversion and recycling.
Operates its own advanced manufacturing plants with complete backward integration and an in-house training facility.
Innovation-driven operations with a strong emphasis on innovation, with many patents and trademarks worldwide
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 35 | 14875 |
| Individual investors (Retail) (Max) | 13 | 455 | 193375 |
| S-HNI (Min) | 14 | 490 | 208250 |
| S-HNI (Max) | 67 | 2345 | 996625 |
| B-HNI (Min) | 68 | 2380 | 1011500 |