Archive · 23 Jul 2026
Lohia Corp IPO Sees Modest Demand on Day 1
Lohia Corp, a company that makes machines for technical textiles, is offering shares to the public for the first time.
On the first day, not many people showed interest, with only 0.40 times the shares subscribed.
The company hopes to list its shares on July 30, 2024.
The shares are priced between ₹404 and ₹425, and the company has been doing well financially, with higher revenue and profits compared to last year.
Lohia Corp IPO received modest demand on Day 1, subscribed 0.40 times.
Retail investor segment was subscribed 0.68 times, NII 0.15 times, QIB 0.43 times.
Company raised ₹492.1 crore from anchor investors ahead of the IPO.
Grey market premium (GMP) of ₹36 per share indicates an estimated listing price of ₹461.
Lohia Corp is a global manufacturer of machinery for the technical textiles industry.
- Who
- Lohia Corp, a global manufacturer of machinery for technical textiles.
- What
- The initial public offering (IPO) of Lohia Corp.
- When
- The IPO opened on July 23, 2024, and closes on July 27, 2024.
- Where
- The equity shares are proposed to be listed on NSE and BSE.
- Why
- To raise funds through an offer for sale (OFS) by promoters and other selling shareholders.
Positive Outlook
Cautious Outlook
Subscription Rates
Positive Outlook
The retail investor segment was subscribed 0.68 times, indicating some interest.
Cautious Outlook
The overall subscription was only 0.40 times, showing modest demand.
Grey Market Premium
Positive Outlook
The GMP of ₹36 per share suggests an 8.4% premium over the upper price band, indicating potential for a good listing.
Cautious Outlook
The muted GMP and modest subscription rates suggest a cautious approach from investors.
- IPO Open Date
- July 23, 2024
- IPO Close Date
- July 27, 2024
- Price Band
- ₹404-425 per share
- Minimum Bid
- 35 shares
- Listing Date
- July 30, 2024 (tentative)
- Grey Market Premium
- ₹36 per share
- Revenue FY26
- ₹1,716.99 crore
- Net Profit FY26
- ₹193.45 crore