Archive · 23 Jul 2026
Lohia Corp IPO Sees Subdued Response on Day 1
Lohia Corp, a company that makes woven raffia machinery, had its first day of selling shares to the public on July 23, 2026.
Not many people bought shares on the first day, with only 0.39 times the shares offered being subscribed.
The company is known for its strong market share in India and globally.
Analysts think it could be a good long-term investment, but they also have some concerns about risks like changes in demand and the cost of materials.
The IPO will close on July 27, 2026.
Lohia Corp IPO subscribed 0.39 times on the first day.
Retail investors led with a 0.66x subscription, while QIB and NII categories lagged.
The IPO is an Offer for Sale of 2.59 crore shares, valued at ₹1,102 crore.
Lohia Corp holds a 40.7% domestic and 15.4% global market share in woven raffia machinery.
Analysts recommend long-term investment but note risks like cyclical demand and raw material volatility.
- Who
- Lohia Corp Limited
- What
- Initial Public Offering (IPO)
- When
- July 23, 2026 (Day 1)
- Where
- Kanpur, India
- Why
- To raise funds through an Offer for Sale of 2.59 crore shares
Analysts' Positive Views
Analysts' Concerns
Long-Term Investment Potential
Analysts' Positive Views
Analysts recommend subscribing for the long term due to strong return metrics and a lean balance sheet.
Analysts' Concerns
Concerns include near-term risks such as cyclical demand and raw material volatility.
Financial Performance
Analysts' Positive Views
Strong revenue growth of 24.7% year-on-year and high EBITDA margins of 18.6% in FY26.
Analysts' Concerns
Losses at subsidiary Leesona Corp and significant unhedged foreign currency exposure are noted as risks.
- IPO Subscription
- 0.39x overall
- Price Band
- ₹404–425 per share
- Total Issue Size
- ₹1,102 crore
- Market Share
- 40.7% domestic, 15.4% global
- Revenue FY26
- ₹1,717 crore
- EBITDA Margins FY26
- 18.6%
- P/E Ratio
- 23.21x
- IPO Closing Date
- July 27, 2026