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Lohia Corp

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Lohia Corp Limited is a specialized manufacturer of machinery and equipment for the plastic woven and fabric industry. The company provides a diverse range of machines including extrusion, winding, lamination, and multifilament systems, serving the industrial plastics sector.
Price Band
₹404 - ₹425
Lot Size
35 Shares
Issue Size
₹1,101.28 Cr
Fresh Issue
Nil (Pure OFS)
OFS
₹1,101.28 Cr (Full Issue)
0 NEUTRAL
AI Sentiment Score
Listing Price
₹461.00
vs Issue: ₹425 (+8.47%)
📅 IPO Timeline
Open
Jul 23
Close
Jul 27
Allotment
Jul 28
Refund
Jul 29
Demat
Jul 29
Listing
Jul 30
✨ AI Analysis & Prediction
+0.1% predicted listing gain
The predicted gain is adjusted upward from the 4% GMP baseline due to exceptional financial health (ROE 36.8%, ROCE 40.92%) and strong revenue growth. While the lack of current subscription data prevents an institutional boost, the low debt-to-equity ratio of 0.23 provides a significant margin of safety.

💪 Strengths

  • Exceptional ROE (36.8%) and ROCE (40.92%)
  • Strong 40-year legacy in plastic woven machinery
  • Low debt-to-equity ratio of 0.23

⚠️ Weaknesses

  • Significant promoter offloading via OFS
  • Low retail quota (10%) may limit retail participation

🚀 Opportunities

  • Expansion of synthetic fiber processing machines
  • Growth in global demand for scalable plastic machinery

🛡️ Threats

  • Cyclical nature of the industrial machinery sector
  • Competition from global machinery manufacturers
🏢 About Lohia Corp
Company Overview & Business Profile

Incorporated in 1981, Lohia Corp Limited has established itself over four decades as a trusted name in the manufacturing of machinery for the plastic woven and fabric industry. The company began its journey with the production of Circular Looms, which are essential for weaving plastic fabric, and has since expanded its technical capabilities significantly.

The company's business model centers on providing end-to-end machinery solutions. Their extensive product portfolio now includes extrusion, winding, lamination, conversion, and multifilament machines. By integrating research and development with global recognition, the firm ensures its machinery is innovative, reliable, and scalable for industrial use.

Beyond the sale of heavy machinery, Lohia Corp maintains a steady revenue stream through the supply of spare parts and field maintenance services. This service-oriented approach ensures long-term client retention and operational efficiency for their customers globally.

The company's operational scale is evidenced by its significant asset base and its position as the creator of India's first synthetic fiber processing machines. This pioneering spirit has allowed them to maintain a competitive edge in the textile and plastic machinery market.

Lohia Corp is led by its promoters, Raj Kumar Lohia, Gaurav Lohia, and Amit Kumar Lohia, whose combined leadership has steered the company from a domestic manufacturer to a recognized global player in the woven plastics machinery segment.

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📈 About Lohia Corp IPO
Issue Structure, View & Risks

The Lohia Corp IPO is a mainboard offering looking to raise approximately ₹1,101.28 crore. The issue is structured as a book-building process with a price band of ₹404 to ₹425 per share. The IPO opens for subscription on July 23, 2026, and closes on July 27, 2026, with the listing scheduled for July 30, 2026, on both the BSE and NSE. The minimum lot size for retail investors is 35 shares, requiring an application amount of ₹14,875.

From a financial perspective, the company has shown impressive growth trajectories. Revenue increased from ₹1,386.47 crore in 2025 to ₹1,737.87 crore in 2026. More notably, the Profit After Tax (PAT) saw a substantial jump from ₹117.84 crore in 2025 to ₹193.45 crore in 2026, demonstrating strong operational leverage and profitability.

Valuation-wise, the company reports a basic EPS of ₹18.31 for FY2026. While a specific P/E ratio was not explicitly provided in the comparison table, the company boasts an exceptional Return on Net Worth (RoNW) of 72.95% and a healthy ROCE of 40.92%, suggesting high efficiency in capital utilization.

Investment strengths include the company's 40-year industry legacy, strong EBITDA margins of 19.53%, and a very conservative debt-to-equity ratio of 0.23. These factors indicate a stable balance sheet and the ability to fund growth internally.

However, investors should note that the issue involves a significant offer for sale of approximately 2.59 crore shares, which implies a reduction in promoter holding from 95.61% to 75.24%. The absence of a clear 'fresh issue' component for capital expenditure may be viewed as a missed opportunity for inorganic growth.

Overall, Lohia Corp presents as a fundamentally strong industrial play. While the valuation appears fair given the growth rates, investors should balance the high returns against the cyclical nature of the plastic machinery industry.

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📊 Financial Overview
Metric FY23 FY25 FY26
Revenue (₹ Cr) Rs 1,919.00 Cr Rs 1,377.00 Cr Rs 1,717.00 Cr
Net Profit / PAT (₹ Cr) Rs 72.00 Cr Rs 118.00 Cr Rs 193.00 Cr
EBITDA / Op. Profit (₹ Cr) Rs 183.00 Cr Rs 221.00 Cr Rs 321.00 Cr
Borrowings (₹ Cr) Rs 313.00 Cr Rs 237.00 Cr Rs 175.00 Cr
Total Assets (₹ Cr) Rs 1,284.00 Cr Rs 967.00 Cr Rs 1,304.00 Cr
ROCE % 15.00% NA 44.00%
Debt/Equity
0.23
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
💼 Reservation Quota
QIB
75.00%
Retail
10.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
Promoter Holding (Pre-Issue)
95.61%
Promoter Holding (Post-Issue)
75.24%
Anchor Investors Allocation
₹492.11 Cr
Anchor Lock-In Deadlines
  • 50% Shares (30 Days) Aug 27, 2026
  • 50% Shares (90 Days) Oct 26, 2026
🔗 Important Links & Lead Managers
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
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