1 month ago
Lohia Corp IPO Day 3: 59% Booked, GMP Hints 1.65% Listing Gain
Lohia Corp is a company that makes machines for technical textiles.
They are selling shares to the public for the first time, called an IPO.
So far, 59% of the shares have been booked.
Experts think the shares might go up by 1.65% when they start trading.
Some people think it's a good idea to invest because the company is a leader in its field and has strong finances.
Others are worried because the company depends a lot on one type of business and the shares are priced higher than some competitors.
The IPO will close on 27 July and the shares will start trading on 30 July.
Lohia Corp IPO is subscribed 59% as of Day 3, with retail portion subscribed 1.08x.
GMP of +7 suggests a 1.65% potential listing gain over the IPO price of ₹425.
Brokerages recommend 'Subscribe' or 'Apply' for long-term investment due to strong financials and market leadership.
The IPO is an OFS with no fresh issue, meaning no proceeds go to the company.
Lohia Corp has over 80% market share in India and 17.5% globally in the raffia machinery segment.
- Who
- Lohia Corp, a global manufacturer of machinery for technical textiles.
- What
- Lohia Corp IPO subscription status and market outlook.
- Where
- India, with global operations.
- When
- IPO opened on 23 July, closes on 27 July, listing on 30 July.
- Why
- To provide an exit opportunity for existing shareholders through an OFS.
Pros of Investing
Cons of Investing
Market Leadership
Pros of Investing
Lohia Corp has over 80% market share in India and 17.5% globally in the raffia machinery segment.
Cons of Investing
The company's heavy reliance on the woven raffia machinery business makes it vulnerable to market fluctuations.
Financial Performance
Pros of Investing
Strong financials with ROE of 36.8% and ROCE of 40.9% as of March 2026.
Cons of Investing
The IPO is priced at 23x FY26 earnings, which is higher than competitors like Rajoo Engineers at 18x.
Global Presence
Pros of Investing
Exports to over 100 countries with a diversified customer base.
Cons of Investing
Dependence on international markets poses risks from global economic instability.
Key facts
- IPO Price Band
- ₹404 to ₹425 per share
- IPO Lot Size
- 35 equity shares
- IPO Closing Date
- Monday, 27 July
- Allotment Date
- Tuesday, 28 July
- Listing Date
- Thursday, 30 July
- GMP Today
- +7
- Estimated Listing Price
- ₹432 per share
- Subscription Status (Day 2)
- 59%
Quotes
Swastika Investmart
Brokerage firm recommending long‑term investment
“Subscribe”
livemint.com
Sources
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