Lohia Corp IPO Review 2026

 

Lohia Corp IPO has entered the primary market with an issue size of ₹1,101.28 crore through a 100% Offer for Sale (OFS). The company is among the world's leading manufacturers of machinery and equipment for technical textiles, specializing in solutions for producing polypropylene (PP) and high-density polyethylene (HDPE) woven fabrics and sacks.

With a strong international presence, advanced manufacturing capabilities, and a diversified product portfolio, Lohia Corp has established itself as a major player in the industrial machinery segment. This article covers everything investors should know about the IPO, including financials, business model, valuation, risks, and whether it deserves a place in your portfolio.

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Lohia Corp IPO Details

Particular	Details
IPO Type	Mainboard Book Built Issue
Issue Size	₹1,101.28 Crore
Fresh Issue	Nil
Offer for Sale	₹1,101.28 Crore
Face Value	₹1 per Share
Price Band	₹404 – ₹425
Lot Size	35 Shares
Minimum Investment	₹14,875
Listing	NSE & BSE
Registrar	MUFG Intime India Pvt. Ltd.
Lead Manager	Equirus Capital Ltd. & Motilal Oswal Investment Advisors Ltd.

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Lohia Corp IPO Important Dates

Event	Date
IPO Opens	23 July 2026
IPO Closes	27 July 2026
Allotment	28 July 2026
Refunds	29 July 2026
Shares Credited	29 July 2026
Listing Date	30 July 2026

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Lohia Corp IPO Price Band

The IPO is priced between ₹404 and ₹425 per equity share.

Retail investors need a minimum investment of ₹14,875 for one lot comprising 35 shares.

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Lohia Corp IPO Lot Size

Investor Category	Lots	Shares	Investment
Retail Minimum	1	35	₹14,875
Retail Maximum	13	455	₹1,93,375
Small HNI	14	490	₹2,08,250
Big HNI	68	2,380	₹10,11,500

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About Lohia Corp Ltd.

Incorporated in 2023, Lohia Corp is a global manufacturer of machinery used in the production of technical textiles, particularly PP and HDPE woven fabric and sacks. The company offers end-to-end machinery solutions covering every stage of woven fabric manufacturing.

Its product portfolio includes:

• Tape Extrusion Lines

• Circular Looms

• Coating & Lamination Lines

• Printing & Conversion Machines

• Multifilament Yarn Machines

• Twister Winders

• Monofilament Extrusion Lines

• Recycling Machines

• Industrial Spare Parts

The company's machinery is widely used in manufacturing:

• Cement Bags

• Fertilizer Bags

• Chemical Bags

• Food Grain Bags

• Mineral Bags

• Shopping Bags

• FIBCs (Flexible Intermediate Bulk Containers)

• Container Liners

• Tarpaulins

• Geotextiles

• Ground Covers

• Carpet Backing

• Industrial Ropes & Twines

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Global Presence

Lohia Corp has built a significant international footprint with:

• Manufacturing leadership in woven raffia machinery

• International offices across multiple countries

• Warehouses in India, UAE, and USA

• Stockists in eight countries

• More than 2,000 permanent employees

• 54 trademarks and over 120 patents globally (granted and pending)

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Competitive Strengths

Global Market Leadership

The company is among the leading manufacturers of woven raffia machinery worldwide.

Diversified Product Portfolio

Its broad range of industrial machinery enables customers to source complete production solutions from a single manufacturer.

Strong Global Customer Base

Lohia serves customers across multiple countries with long-term relationships and recurring business.

Technology-Driven Manufacturing

The company emphasizes innovation, R&D, patents, and backward integration to improve efficiency and product quality.

Large Order Book

As of March 31, 2026, the company reported an order book of approximately ₹1,358.52 crore, indicating healthy demand visibility.

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Financial Performance

Revenue Growth

Financial Year	Revenue (₹ Cr.)
FY25	1,386.47
FY26	1,737.87

Revenue increased by approximately 25% year-on-year.

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Profit After Tax (PAT)

Financial Year	PAT (₹ Cr.)
FY25	117.84
FY26	193.45

The company reported a 64% increase in profit after tax, reflecting improved operational performance.

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EBITDA

Year	EBITDA (₹ Cr.)
FY25	228.60
FY26	339.45

EBITDA margins improved from 16.49% to 19.53%, highlighting better operating efficiency.

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Key Financial Ratios

Ratio	FY26
ROE	36.80%
ROCE	40.92%
Debt/Equity	0.23
PAT Margin	11.13%
EBITDA Margin	19.53%
Price to Book	8.61

The company demonstrates strong profitability, healthy capital efficiency, and lower leverage.

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IPO Structure

Unlike many IPOs, Lohia Corp IPO does not include a fresh issue.

The entire issue is an Offer for Sale (OFS), meaning the proceeds will go to existing shareholders selling their stake rather than the company receiving funds for expansion or debt reduction.

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Shareholding Pattern

Particular	Holding
Pre-Issue Promoter Holding	95.61%
Post-Issue Promoter Holding	75.24%

Promoters continue to retain a majority ownership after the IPO.

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Subscription Status (Day 1)

As of 23 July 2026, the IPO was subscribed approximately:

• Retail: 0.36x

• NII: 0.05x

• QIB (Ex-Anchor): 0.00x

• Overall: 0.08x

Subscription levels are dynamic and may change during the bidding period.

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Valuation Analysis

At the upper price band:

• EPS: ₹18.31

• P/E Ratio: 23.21x

Compared to many industrial manufacturing companies, the valuation appears broadly reasonable, although market sentiment and demand at listing will also play an important role.

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Risks to Consider

• The IPO is entirely an Offer for Sale, so no fresh capital is raised for business growth.

• Demand depends on global capital expenditure and industrial investment cycles.

• Export-oriented operations expose the company to currency and geopolitical risks.

• Industrial machinery businesses may experience cyclical fluctuations.

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Lohia Corp IPO GMP

The Grey Market Premium (GMP) changes daily based on demand and market sentiment. Since GMP is unofficial and unregulated, investors should use it only as an additional indicator rather than the sole basis for investment decisions.

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Should You Apply?

Positives

• Global leader in woven raffia machinery.

• Strong international presence.

• Excellent revenue and profit growth.

• High ROE and ROCE.

• Low debt levels.

• Large order book providing revenue visibility.

• Strong intellectual property portfolio.

Concerns

• Entire IPO is an OFS.

• No fresh funds will be used for business expansion.

• Business depends on industrial capital expenditure and export demand.

Overall, Lohia Corp is a well-established industrial machinery manufacturer with strong fundamentals, improving financial performance, and global reach. Long-term investors may consider evaluating the IPO alongside their investment objectives, especially while factoring in the OFS structure and valuation.

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Apply for Lohia Corp IPO Through ATS

Invest in the Lohia Corp IPO quickly and securely through the ATS IPO platform.

Why Apply Through ATS?

• Secure online IPO application

• Seamless UPI-based ASBA process

• Paperless investing

• Real-time application tracking

• Simple and fast order placement

Apply Now: https://ipo.adityatrading.in

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Frequently Asked Questions (FAQs)

When does the Lohia Corp IPO open?

The IPO opens on 23 July 2026 and closes on 27 July 2026.

What is the price band?

The price band is ₹404–₹425 per share.

What is the minimum investment?

Retail investors need ₹14,875 to apply for one lot of 35 shares.

When is the allotment date?

The tentative allotment date is 28 July 2026.

When will the shares list?

The company is expected to list on 30 July 2026 on the NSE and BSE.

Is Lohia Corp IPO suitable for long-term investors?

Lohia Corp has a strong global presence, healthy financial performance, and leadership in industrial machinery. Investors should evaluate the company's fundamentals, valuation, and the OFS structure before making an investment decision.