Lohia Corp IPO Day 3: GMP holds at 2%; Check subscription status and key details

The initial public offering of technical textile machinery and equipment manufacturer Lohia Corp entered its third and final day of bidding on Monday. Despite steady investor interest, the grey market premium (GMP) remained muted at around 2%, indicating a largely flat listing.

In the unofficial grey market, Lohia Corp shares traded at a premium of Rs 7 over the upper price band of Rs 425, implying an estimated listing price of around Rs 432. However, investors should note that the grey market is unofficial, and the actual listing performance may differ significantly from GMP trends.

Lohia Corp IPO subscription status

By the end of Day 2, the IPO had been subscribed 59% against the 1.43 crore shares on offer.

• Retail Individual Investors (RIIs): Subscribed 1.08 times against the 25.73 lakh shares reserved.
• Non-Institutional Investors (NIIs): Subscribed 42% of the 38.59 lakh shares allocated.
• Qualified Institutional Buyers (QIBs): Subscribed 51% of the 77.19 lakh shares on offer.

About Lohia Corp IPO
Lohia Corp launched its IPO on Thursday to raise Rs 1,101 crore entirely through an Offer for Sale (OFS) of shares at a price of Rs 404-425 per share. The IPO proceeds will go to the selling shareholders, while the company itself will not receive any funds from the offering.

The maiden public issue of the company will be open for bidding from July 23 to July 27. The share allotments are expected to be finalised on July 28, while the company's shares are likely to make their debut on NSE and BSE on July 30.

The IPO has a lot size of 35 shares. At the upper price band of Rs 425, retail investors will need to invest a minimum of Rs 14,875 for one lot. Equirus Capital Ltd and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the issue, while MUFG Intime India Pvt. Ltd. is the registrar.

Promoters participating in OFS include Raj Kumar Lohia (up to 167.28 lakh shares), Gaurav Lohia (up to 22.18 lakh shares), Amit Kumar Lohia (up to 9.2 lakh shares) and Ritu Lohia (up to 16.71 lakh shares). Other selling shareholders include Alok Kumar Lohia (up to 21.71 lakh shares), Anurag Lohia (up to 11.38 lakh shares) and Anuja Lohia (up to 10.85 lakh shares).

About Lohia Corp
Incorporated in 2023, Lohia Corp manufactures machinery and equipment used in the production of technical textiles, particularly for manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks.

As of March 31, 2026, the company had an installed annual capacity of 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders. Its product portfolio includes tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines, and related spare parts.

Lohia Corp financials
Lohia Corp reported a net profit of Rs 193 crore for the financial year which ended on March 31, 2026. This marked a 64% year-on-year (YoY) rise from Rs 118 crore net profit reported in FY25. Its revenue from operations, meanwhile, rose around 25% YoY to Rs 1,717 crore in FY26 from Rs 1,377 crore in FY25.

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