Lohia Corp's shares are set to debut on the stock exchanges on July 30, with the IPO commanding a Grey Market Premium (GMP) of approximately Rs 11 per share. This suggests an estimated listing gain of nearly 3% over the upper issue price of Rs 425. The IPO, open from July 23 to July 27, was subscribed 7.25 times, indicating strong investor interest.
Institutional investors showed significant demand, with the Qualified Institutional Buyers (QIB) portion subscribed 9.11 times. The Non-Institutional Investors (NII) segment saw a subscription of 6.82 times, while the Retail Individual Investors (RII) category received bids for 2.77 times the shares on offer. The Rs 1,101 crore issue was an Offer for Sale (OFS), with shares priced between Rs 404 and Rs 425 each.
Investors can check their allotment status through MUFG Intime India, NSE, or BSE platforms by entering their PAN, application number, or DP/Client ID. Lohia Corp, established in 2023, manufactures machinery for technical textiles, with a robust product portfolio and significant manufacturing capacity.
Financially, Lohia Corp reported a 64% year-on-year increase in net profit to Rs 193 crore for FY26, up from Rs 118 crore in FY25. Revenue from operations also grew by 25% YoY to Rs 1,717 crore in FY26, reflecting strong business momentum.
Background
Lohia Corp's IPO comes at a time when the Indian stock market is witnessing a surge in IPO activity, reflecting investor confidence and market liquidity. The company's strong financial performance and robust demand during the subscription period highlight its potential appeal to investors.
As Lohia Corp prepares for its market debut, investors will be keenly watching the stock's performance post-listing, particularly in light of the current market conditions and investor sentiment.
