Archive · 27 Jul 2026
Lohia Corp IPO subscribed 7.25 times on final day
Lohia Corp, a company that makes machines for technical textiles, recently had its first public offering of shares.
The IPO was very popular, with investors wanting to buy more than 7 times the number of shares available.
The qualified institutional buyers, who are usually big investors like banks and hedge funds, were especially interested, wanting to buy almost 9 times the shares allocated to them.
The company raised a lot of money from anchor investors before the IPO.
The shares are expected to start trading on July 30, 2024, and there's a small premium in the grey market, which is an unofficial market where people trade shares before they officially start trading.
This premium suggests that people think the shares might be worth more than the price set for the IPO.
Lohia Corp IPO was subscribed 7.26 times on the final day of bidding.
The QIB portion was subscribed 9.11 times, indicating strong institutional interest.
The NII portion was subscribed 6.82 times, while the retail segment saw a 2.78 times subscription.
The company raised ₹492.1 crore from anchor investors ahead of the IPO.
The IPO is commanding a grey market premium of ₹12 per share, suggesting a potential listing price of around ₹437.
- Who
- Lohia Corp, a global manufacturer of machinery for the technical textiles industry
- What
- The initial public offering (IPO) of Lohia Corp was subscribed over 7 times on the final day of bidding
- When
- The IPO ran between July 23 and July 27, 2024
- Where
- The company's equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the BSE
- Why
- To raise funds through an offer for sale (OFS) of equity shares by the promoters and other selling shareholders
Positive Investor Sentiment
Cautious Investor Approach
Subscription Rates
Positive Investor Sentiment
The high subscription rates, especially the QIB portion being booked 9 times, indicate strong investor confidence and positive market sentiment towards the IPO.
Cautious Investor Approach
While the subscription rates are high, investors should carefully evaluate the company's financials and market conditions before making investment decisions.
Grey Market Premium
Positive Investor Sentiment
The grey market premium of ₹12 per share suggests a potential listing gain, which could attract more investors.
Cautious Investor Approach
Grey market premiums can be volatile and may not always reflect the actual listing price, so investors should be cautious.
- IPO Subscription
- 7.26 times
- QIB Subscription
- 9.11 times
- NII Subscription
- 6.82 times
- Retail Subscription
- 2.78 times
- Grey Market Premium
- ₹12 per share
- Estimated Listing Price
- ₹437 per share
- Price Band
- ₹404-425 per share
- Listing Date
- July 30, 2024