Lohia Corp, a prominent manufacturer of machinery and equipment for the technical textiles industry, will open its initial public offering (IPO) for public subscription on July 23, 2026. The Kanpur-based company has set the price band for its equity shares at Rs 404-425 apiece.
IPO Details and Schedule
Investors will be able to bid for a minimum of 35 shares and in multiples thereafter. At the upper end of the price band, Lohia Corp aims to raise Rs 1,101.28 crore. This IPO is entirely an offer for sale (OFS) of 2.59 crore equity shares by the Lohia family, meaning the company itself will not receive any proceeds from the issue.
The anchor investor portion is scheduled to open on July 22, 2026. The public issue will remain open from July 23 to July 27, 2026. The basis of allotment is expected to be finalized on July 28, 2026, with the shares slated for listing on the stock exchanges on July 30, 2026. Upon listing, Lohia Corp is projected to command a post-listing market capitalization of Rs 4,490.13 crore at the upper end of its price band.
Company Profile and Financial Performance
Lohia Corp stands among the leading global manufacturers of specialized machinery for the technical textiles sector. Its diverse 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 various spare parts.
The company holds a strong position in machinery used for manufacturing polypropylene and high-density polyethylene woven fabric and sacks, commonly known as Raffia. Lohia Corp commands a significant 40.7 percent market share by value in India's woven Raffia machinery segment.
For the financial year 2026, Lohia Corp reported a robust financial performance, with net profit surging by 64.2 percent year-on-year to Rs 193.5 crore. Revenue for the same period increased by 24.7 percent year-on-year, reaching Rs 1,717 crore.
Issue Structure and Management
Of the total issue size, 75 percent has been reserved for qualified institutional buyers (QIBs), 15 percent for non-institutional investors (NIIs), and 10 percent for retail investors. Equirus Capital and Motilal Oswal Investment Advisors are serving as the book-running lead managers for the issue, while MUFG Intime India has been appointed as the registrar.