Lohia Corp IPO: GMP, Price Band, Dates & Review

Lohia Corp IPO Details

Lohia Corp IPO is a Mainboard IPO with an issue size of Rs. 1,101.28 Cr by Lohia Corp Limited, comprising wholly an offer for sale of 2.59 crore shares (Rs. 1,101.28 Cr).

The Lohia Corp IPO date of opening is 23 Jul 2026; its initial public offering will end on 27 Jul, IPO allotment on Jul 28, and refund initiation on Jul 29, 2026, and the listing date (expected) might be on Thursday, Jul 30, 2026, on the BSE and NSE. 

The Lohia Corp IPO price band is Rs. 404 to Rs. 425.

If you are also looking to apply in this IPO and are confused about whether you should proceed or not, then we have made an analysis in which we will be covering the company’s business, financials, industry trends, valuation, strengths and weaknesses, its current GMP indications, etc that can help you in taking a decision. Keep scrolling.

Lohia Corp IPO - Company Analysis 

Lohia Corp is a multinational producer of specialized textile machinery and equipment, particularly for the production of polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks (raffia).

Tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling equipment, and associated spare parts are just a few of the many machines that the company offers.

Products from the company are used in both packaging and non-packaging industries. In addition to applications including tarpaulins, geotextiles, ground covers, carpet backing, and ropes, they are utilized in the production of cement, fertilizer, chemicals, polymers, food grain, and mineral bags, shopping bags, FIBCs, and container liners.

IPO Timetable (Tentative) 

Industry Growth and IT-ITeS Industry Outlook

In India, the technical textiles market is expected to grow at a CAGR of 10.5% between Fiscal 2025 and Fiscal 2030, from U.S.$ 28.5 billion to U.S.$ 47.0 billion.

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The Objective of the Issue

• The offer is 100% OFS. The company shall not receive any proceeds from this issue.
  
  

Promoters And Management of Lohia Corp Ltd.

• Raj Kumar Lohia
• Gaurav Lohia
• Amit Kumar Lohia.

Company Financials 

• The Total Assets (everything the company owns, such as land, machines, cash, and materials) have shown consistent growth over the last three years. As per the Restated Consolidated Financial Information, the Total Assets stood at ₹13,046.55 million as at March 31, 2026, which increased from ₹9,676.00 million as at March 31, 2025.
  
  
• The Total Income (money earned from main business plus any other income) has shown strong growth. Total Income stood at ₹17,378.70 million for Fiscal 2026, up from ₹13,864.73 million for Fiscal 2025.
  
  
• The Profit After Tax (final profit left after paying all costs and taxes) has grown significantly. Profit After Tax stood at ₹1,934.52 million for Fiscal 2026, up from ₹1,178.41 million for Fiscal 2025.
  
  
• The EBITDA (operating profit before deducting interest, taxes, and asset wear-and-tear costs) has shown robust growth reflecting operational efficiency. EBITDA stood at ₹3,394.51 million for Fiscal 2026, up from ₹2,286.02 million for Fiscal 2025.
  
  
• The Net Worth (total value belonging to the owners/shareholders of the company) has increased steadily; it was ₹20,505.11 million as at March 31, 2024, ₹21,994.34 million as at March 31, 2025, and ₹28,195.54 million as at March 31, 2026.
  
  
• The Reserves (profits saved and kept inside the company for future use)  have increased with retained earnings. Reserves and Surplus stood at ₹5,109.92 million as at March 31, 2026, up from ₹3,574.10 million as at March 31, 2025.
  
  
• The Total Borrowings (total loans and debt taken by the company) have been managed while supporting growth. Total Borrowings stood at ₹1,527.84 million as at March 31, 2026 (down from ₹2,121.63 million as at March 31, 2025).
  
  

Financials Snapshot

(Amount in Cr)

Cash Flows

• The Net Cash Flow from Operating Activities (cash generated from the company’s main day-to-day business after adjusting for working capital and taxes) stood at ₹(0.10) million for the year ended March 31, 2024, which increased to ₹1,412.84 million for the year ended March 31, 2025, and further rose to ₹3,251.61 million for the year ended March 31, 2026.
  
  
• Net Cash Flow from Investing Activities (cash used for buying/selling long-term assets like machinery, property, or investments) stood at ₹0.00 million (nil) for the year ended March 31, 2024, which was ₹(312.93) million (used in) for the year ended March 31, 2025, and further to ₹(2,391.28) million (used in) for the year ended March 31, 2026.
  
  
• Net Cash Flow from Financing Activities (cash from loans, repayments, share issuance, and interest payments) stood at ₹0.10 million for the year ended March 31, 2024, which was ₹(877.68) million (used in) for the year ended March 31, 2025, and further to ₹(954.60) million (used in) for the year ended March 31, 2026.
  
  

Cash Flows Snapshot

(Amount in Mn)

Revenue Bifurcation

(Source: RHP)

Listed Peers of Lohia Corp Ltd. 

Valuation

• The Return on Capital Employed (RoCE), which measures how efficiently the Company generates earnings before interest and taxes from the capital employed, stood at 40.92% for the year ended March 31, 2026.
  
  
• The Debt/Equity Ratio (Net Debt to Equity), which indicates the proportion of debt used by the Company relative to shareholders’ equity, was 0.23 times as at March 31, 2026.
  
  
• The Return on Net Worth (RoNW), which shows the return generated on the shareholders’ funds, was 72.95% for FY 2026.
  
  
• The PAT Margin (Profit After Tax Margin), which represents the percentage of revenue that remains as profit after all expenses and taxes, stood at 11.13% for FY 2026.
  
  
• The Operating EBITDA Margin, which indicates the operating profitability of the core business before interest, taxes, depreciation and amortisation, was 19.53% for FY 2026. 
  
  

Valuation Snapshot

Is Valuation Expensive?

At the upper price band of ₹425, the implied P/E ratio for FY2026 (EPS ₹18.31) is approximately 23.21x. This falls in the lower-to-mid range compared to listed peers in the machinery sector. The company shows strong profitability metrics (ROE 36.80%, ROCE 40.92%, PAT Margin 11.13%).

Evaluation of P/E Ratio

Considering the period ended FY 2026 with an EPS of Rs. 18.31 from the last year, the resulting P/E ratio is 23.21x.

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IPO's Strengths / Bull Case

• Market leader in India and among the leading manufacturers globally of woven raffia machinery.
• Diverse product portfolio offering end-to-end solutions for the woven fabric ecosystem.
• Strong relationships with a diverse global customer base.
• Advanced manufacturing infrastructure with comprehensive backward integration.
  
  

IPO's Weaknesses / Bear Case

• Manufacturing Facility Disruption Risk
• Intense Industry Competition.
• Capacity Utilization Risk.
  
  

Future Opportunities

• Rising Demand from High-Performance Applications
• Infrastructure and Urban Development
• Healthcare and Hygiene Expansion
• Sustainability and Regulatory Compliance.

Lohia Corp IPO GMP

Lohia Corp IPO GMP today is Rs. 90 as of 20 July 2026, while writing this information. With the upper price band of Rs. 425, Lohia Corp IPO's estimated listing price is Rs. 515. The expected listing gain/loss per share is 21.18%.

Anchor Investors

Details of anchor participation (if any) would be available in filings; pre-IPO investors include entities like Anchorage Capital and Baring PE.

Subscription Status (Live)

Subscription data will be available during/after the issue period on BSE/NSE websites. Check official sources for real-time updates.

Lohia Corp IPO Lesser-Known Facts

• The IPO is being launched under Regulation 6(2): The company does not meet the eligibility conditions under Regulation 6(1). Therefore, at least 75% of the net offer is reserved for QIBs, while retail investors can receive a maximum allocation of 10%.
  
  
• Selling shareholders have a low acquisition cost: The weighted average acquisition cost of shares held by different selling shareholders ranges from only ₹0.02 to ₹0.91 per share.
  
  
• Certain proceedings remain pending: The RHP discloses three indirect-tax proceedings involving ₹29.14 million against the company and a direct-tax proceeding of ₹1.34 million against a promoter. A SEBI show-cause notice involving an independent director, relating to his previous directorship at another company, was also pending.
  
  

Who Should Avoid this IPO? / Who Should Apply?

Investors can weigh factors, along with financial growth trends (rising revenue, PAT, EBITDA, and strong operating cash flows), industry CAGR projections (10.5% for the global MIM market), GMP indications, and their individual risk appetite and due diligence.

Lohia Corp IPO Summary

IPO Lot Details 

Lohia Corp IPO Allotment Status

To check the Lohia Corp IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

IPO Lead Managers

• Equirus Capital Ltd.
  
  

Dividend Policy

The company has paid a Dividend of Rs. 1.75 per Equity Share in FY26.

Should You Apply for Lohia Corp IPO?

Investors are advised to review the full RHP, the latest GMP, and subscription trends, and consult SEBI-registered professionals before taking any decision. Different investor categories may evaluate scale, valuation, risks, and opportunities differently.

Conclusion

Lohia Corp IPO presents strong financial growth, healthy profitability, low debt, and a leading position in the woven machinery industry. However, the complete offer-for-sale structure, operational risks, industry competition, and regulatory proceedings require careful consideration.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.

You must consult your financial advisor before making any financial decisions.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and informational purposes only. Always consult your eligible financial advisor for investment-related decisions.