Kanpur-based Lohia Corp, a manufacturer of technical textiles machinery and equipment, has raised Rs 492.11 crore from 27 anchor investors, including Nomura Singapore, Societe Generale and Citigroup, ahead of its initial public offering (IPO), which opens for public subscription on July 23.
The company plans to raise Rs 1,102 crore through its IPO, which comprises an entirely offer-for-sale (OFS) of 2.59 crore equity shares.
The Lohia family, the company's promoters, are the selling shareholders in the OFS. The price band for the issue has been fixed at Rs 404-425 per share.
Lohia Corp allotted 1.15 crore equity shares to anchor investors at the upper end of the price band.
The anchor book included Kotak Mahindra Trustee, ICICI Prudential AMC, Nippon Life India, Ashoka India, Motilal Oswal AMC, Aditya Birla Sun Life AMC, SBI Life Insurance, Tata AIA Life Insurance, Alchemy Capital Management, Edelweiss Life Insurance and Canara Robeco Mutual Fund.
"Out of the total anchor allocation, 73.17 lakh equity shares were allotted to seven domestic mutual funds, while 16.95 lakh equity shares were allotted to four life insurance companies," the company said in an exchange filing.
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The company will not receive any proceeds from the IPO, with the entire issue proceeds, net of issue-related expenses, going to the Lohia family.
Lohia Corp operates six manufacturing facilities across India, the US and Italy, producing machinery and equipment for the technical textiles industry. The company has a strong focus on solutions for manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks (Raffia) and is the market leader in India's woven Raffia machinery segment.
As of March 2026, its manufacturing facilities had an installed annual capacity of 240 tape extrusion lines, 13,800 circular looms and 1,08,000 tape winders.