Lohia Corp sets ₹404-425 price band for pure promoter exit IPO
Lohia Corp has priced its upcoming public issue at ₹404-425 per share, offering investors access to a fast-growing technical textiles machinery maker despite the offering being a complete exit for promoter shareholders.
Lohia Corp has set a price band of ₹404 to ₹425 per share for its initial public offering, which opens for subscription on July 23 and closes on July 27. The shares are scheduled to list on both the BSE and NSE on July 30. Equirus Capital is acting as the book-running lead manager, with MUFG Intime India appointed as the registrar.
The offering is entirely an offer for sale of over 2.59 crore equity shares. Because there is no fresh issue component, Lohia Corp will not receive any capital from the listing. All proceeds will go directly to the selling shareholders, making the IPO a pure liquidity event for the promoter family.
The promoters participating in the share sale include Raj Kumar Lohia, who is offloading up to 167.28 lakh shares, the largest tranche. Other family members selling stakes include Gaurav Lohia (22.18 lakh shares), Alok Kumar Lohia (21.71 lakh shares), Ritu Lohia (16.71 lakh shares), Anurag Lohia (11.38 lakh shares), Anuja Lohia (10.85 lakh shares), and Amit Kumar Lohia (9.20 lakh shares).
Institutional investors will likely focus on the company's robust bottom-line growth. For the fiscal year ended March 31, 2026, net profit surged 64% year-on-year to ₹193 crore, up from ₹118 crore in FY25. Revenue from operations climbed 25% to ₹1,717 crore over the same period.
Despite being incorporated only in 2023, Lohia Corp operates as a global manufacturer of machinery for technical textiles. Its equipment produces polypropylene and high-density polyethylene woven fabrics and sacks. As of late March, its annual installed capacity stood at 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders. The company's product line supports the production of everything from cement and fertiliser bags to geotextiles and carpet backing.
The issue reserves a maximum of 75% of the shares for qualified institutional buyers, with at least 15% earmarked for non-institutional investors and 10% for retail investors. Bids must be placed in multiples of 35 shares. Anchor investor allocations will be finalised on July 22, one day before the public subscription window opens.
