Kanpur-based Lohia Corp Limited launches its ₹1,101.28 crore initial public offering on July 23, 2026, with a price band of ₹404–₹425 per share. Structured entirely as an Offer for Sale, the issue closes July 27. Analysts recommend subscribing for long-term growth, citing strong earnings and market leadership.
KANPUR / MUMBAI — Kanpur-headquartered machinery manufacturer Lohia Corp Limited will open its initial public offering for public subscription on Thursday, July 23, 2026, with a price band set between ₹404 and ₹425 per equity share. The ₹1,101.28 crore issue will close for bidding on Monday, July 27, 2026, while the anchor investor bidding takes place on July 22, 2026. Capital market analysts have issued favorable recommendations for the Lohia Corp IPO, advising investors to consider subscription from a long-term perspective due to the company's commanding market presence in technical textile machinery, strong return ratios, and established global distribution network.
Issue Structure and Subscription Terms
According to regulatory filings submitted to the Securities and Exchange Board of India (SEBI), the public issue is structured entirely as an Offer for Sale (OFS) of 2,59,31,407 equity shares with a face value of ₹1 each. Because the transaction is a pure secondary sale by existing promoters and selling shareholders—primarily members of the Lohia family—the company itself will not receive any direct capital proceeds from the offering.
The net offer is allocated across three distinct investor categories under standard book-building guidelines:
Qualified Institutional Buyers (QIBs): Allocated not less than 75% of the net issue.
Non-Institutional Investors (NIIs): Reserved up to 15% of the offer.
Retail Individual Investors (RIIs): Allocated up to 10% of the net issue.
In addition, the company has reserved 200,000 equity shares for eligible employees, who are entitled to a discount of ₹40 per share relative to the finalized issue price. Retail investors can bid for a minimum lot size of 35 equity shares, requiring an upfront investment of ₹14,875 at the upper end of the price band. Bidding for Small Non-Institutional Investors (sNII) begins at 14 lots (490 shares) valued at ₹2,08,250, whereas Big Non-Institutional Investors (bNII) require a minimum application of 68 lots (2,380 shares) amounting to ₹10,11,500.
Equirus Capital Private Limited and Motilal Oswal Investment Advisors Limited serve as the book-running lead managers for the transaction, while MUFG Intime India Private Limited has been appointed as the registrar. Following the completion of the bidding process on July 27, the basis of allotment is scheduled to be finalized on July 28, with shares expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on July 30, 2026.
Financial Performance and Operational Profile
Lohia Corp manufactures a wide portfolio of technical textile machinery used in the production of woven polypropylene (PP) and high-density polyethylene (HDPE) bags, flexible intermediate bulk containers (FIBCs), geotextiles, and agrotextiles. Its manufacturing catalogue encompasses tape extrusion lines, circular looms, coating and lamination systems, printing units, twister winders, monofilament equipment, and recycling machines.
| Financial Metric | FY25 (₹ Crore) | FY26 (₹ Crore) | Year-on-Year Growth (%) |
| Revenue from Operations | 1,376.87 | 1,717.00 | +24.7% |
| EBITDA | 228.60 | 339.45 | +48.5% |
| EBITDA Margin | 16.49% | 19.53% | +304 bps |
| Profit After Tax (PAT) | 117.84 | 193.45 | +64.2% |
| Return on Equity (ROE) | 31.71% | 36.80% | +509 bps |
Financial disclosures in the Red Herring Prospectus (RHP) reflect strong revenue and profitability growth during Fiscal 2026. Net profit expanded 64.2% year-on-year to ₹193.45 crore, supported by an operating revenue growth of 24.7% to ₹1,717 crore. Operating margins expanded to 19.53%, driven by higher operational leverage and improved product realizations across international markets.
Market Positioning and Industry Landscape
According to industry assessments cited from Frost & Sullivan, Lohia Corp holds a dominant 40.7% market share by value in India's woven raffia machinery segment. Globally, the company ranks among top market leaders with a 15.4% market share by value as of 2024. Operating four manufacturing facilities across Kanpur and Bengaluru, Lohia Corp maintains an extensive international presence with offices in Brazil, Russia, Thailand, the UAE, and the USA, alongside holding 127 granted patents worldwide.
Market equity research desks note that the Lohia Corp IPO upper price band implies a price-to-earnings (P/E) multiple of approximately 23.21x based on FY26 earnings. This valuation trades at a notable discount compared to listed capital goods and machinery peers, which average industry P/E multiples above 60x.
Official Sources & Regulatory Statements
According to official filings with stock exchanges and prospectus documentation submitted to SEBI, company management noted:
"The listing of equity shares on the BSE and NSE will enhance public visibility and corporate brand equity across international jurisdictions, while offering liquidity to existing shareholding groups in strict accordance with statutory framework guidelines."
Brokerage analysts emphasize that while long-term growth fundamentals remain robust, prospective investors should monitor key corporate risk factors:
Segment Concentration: Woven raffia machinery generated 88.16% of total operational revenues in FY26.
Raw Material Volatility: Metal and component procurement represented 53.2% of total revenue costs in FY26.
Cyclical Exposure: Client demand depends closely on capital spending cycles across agriculture, cement, construction, and chemical packaging industries.
Why It Matters for Investors
The launch of the Lohia Corp IPO serves as an important benchmark for industrial engineering and capital goods offerings in India's public markets. Investors evaluating long-term equity allocations gain direct exposure to a global technical textile machinery manufacturer positioned to benefit from expanding global demand in industrial packaging and specialized geotextiles.
Key Facts at a Glance
Issue Size: ₹1,101.28 crore (100% Offer for Sale comprising 2.59 crore equity shares).
Price Band & Lot Size: ₹404 to ₹425 per share (35 shares per lot; Minimum retail bid: ₹14,875).
Subscription Window: Opens July 23, 2026; Closes July 27, 2026.
Expected Listing: Scheduled for July 30, 2026 on BSE and NSE.
Market Position: 40.7% domestic market share in woven raffia machinery.
Frequently Asked Questions (FAQ)
What are the opening and closing dates for the Lohia Corp IPO?
The issue opens for public subscription on July 23, 2026, and closes on July 27, 2026. Anchor investor bidding takes place on July 22, 2026.
How much capital will Lohia Corp raise from this issue?
Lohia Corp will not receive any funds from the ₹1,101.28 crore offering. The issue is a 100% Offer for Sale, with all net proceeds going directly to the selling promoter shareholders.
What is the minimum investment required for retail investors?
The price band is set at ₹404 to ₹425 per share. The minimum lot size is 35 shares, requiring ₹14,875 per application for retail investors at the upper price boundary.
What is the financial performance of Lohia Corp in FY26?
In Fiscal 2026, Lohia Corp reported a 64.2% year-on-year increase in Profit After Tax to ₹193.45 crore and a 24.7% rise in revenue from operations to ₹1,717 crore, with EBITDA margins expanding to 19.53%.
Source: Securities and Exchange Board of India (SEBI), BSE India, National Stock Exchange of India (NSE), and Lohia Corp Limited Red Herring Prospectus (RHP).
