Home Market News Lohia Corp fixes the price band for its ₹1,101 crore IPO — More details here
At the upper end of the price band, Lohia Corp aims to raise ₹1,101.28 crore through its public issue. The IPO is entirely an Offer for Sale (OFS) of 2.59 crore equity shares by the Lohia family, with no fresh issue component. As a result, the entire proceeds will go to the selling shareholders, and the company will not receive any funds from the issue. 2 Min Read
Lohia Corp, the Kanpur-based manufacturer of machinery and equipment for technical textiles, has announced the price band for its initial public offering (IPO), which will open for subscription on July 23. The company has fixed the price band at ₹404-₹425 per equity share.
Investors can bid for a minimum of 35 shares and in multiples thereof. At the upper end of the price band, Lohia Corp aims to raise ₹1,101.28 crore through its public issue. The IPO
is entirely an Offer for Sale (OFS) of 2.59 crore equity shares by the Lohia family, with no fresh issue component. As a result, the entire proceeds will go to the selling shareholders, and the company will not receive any funds from the issue.
The company had refiled its draft papers in August 2025 and received SEBI’s approval in December 2025. The size of the OFS has also been reduced from the 4.22 crore equity shares proposed in the draft red herring prospectus (DRHP). The anchor investor portion will open on July 22, while the public issue will remain open for subscription from July 23 to July 27. At the upper end of the price band, Lohia Corp is expected to command a post-listing market capitalisation of ₹4,490.13 crore. Of the total issue size, 75% has been reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and the remaining 10% for retail investors. Lohia Corp is among the leading global manufacturers of machinery and equipment for the technical textiles industry. Its product portfolio includes tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines, and spare parts.
The company has a strong presence in machinery used to manufacture polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks (Raffia). According to the DRHP, it holds a 40.7% market share by value in India’s woven Raffia machinery segment. For FY26, Lohia Corp reported a 64.2% year-on-year increase in net profit to ₹193.5 crore from ₹117.8 crore a year earlier.
Revenue rose 24.7% to ₹1,717 crore from ₹1,376.9 crore during the same period. The company competes with listed peers such as Rajoo Engineers, Lakshmi Machine Works (LMW), and Mamata Machinery. Equirus Capital and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. The basis of allotment is expected to be finalised on July 28, while the shares are scheduled to list on the stock exchanges on July 30.
