Lohia Corp Limited has fixed the price band of its Initial Public Offering (IPO) at Rs 404-425 per equity share. The public issue will open for subscription on July 23 and close on July 27, with investors required to bid for a minimum of 35 equity shares and in multiples thereafter.
The IPO is entirely an Offer for Sale (OFS) of up to 2.59 crore equity shares by promoters Raj Kumar Lohia, Amit Kumar Lohia, Gaurav Lohia, promoter group member Ritu Lohia, and other selling shareholders Alok Kumar Lohia, Anurag Lohia and Anuja Lohia. Since the issue is an OFS, the company will not receive any proceeds from the offer.
The issue is being conducted through the book-building process, with 75% of the net offer reserved for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs) and 10% for Retail Individual Investors (RIIs).
Lohia Corp, incorporated in 2023 and formerly known as Kanpur Packaging Machines Limited, is among the leading global manufacturers of machinery and equipment for technical textiles. The company specialises in solutions for manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks.
For FY26, the company reported revenue from operations of Rs 1,716.99 crore, up from Rs 1,376.87 crore in FY25, while net profit increased to Rs 193.45 crore from Rs 117.84 crore a year earlier.
Equirus Capital and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. The company’s shares are proposed to be listed on the BSE and NSE.
