Lohia Corp IPO is a book-built issue worth ₹1,101.28 crore. The IPO consists entirely of an offer for sale (OFS) of 2.59 crore equity shares, which means the company will not receive any proceeds from the issue. Existing shareholders are selling their stake through the IPO.
The IPO will open for subscription on July 23, 2026, and close on July 27, 2026. The share allotment is expected to be finalised on July 28, 2026, while the shares are likely to be listed on the NSE and BSE on July 30, 2026.
The price band for the IPO has been fixed at ₹404 to ₹425 per share. Investors can apply for a minimum of 35 shares, requiring an investment of ₹14,875 at the upper end of the price band. For small Non-Institutional Investors (sNII), the minimum application is 490 shares (14 lots) worth ₹2,08,250, while big Non-Institutional Investors (bNII) need to apply for at least 2,380 shares (68 lots) worth ₹10,11,500.
Equirus Capital Ltd. is the book-running lead manager for the IPO, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.
About Lohia Corp
Lohia Corp Limited designs and manufactures machinery used to produce plastic woven fabrics and technical textiles. The company provides complete manufacturing solutions, including tape extrusion lines, winders, circular looms, coating and lamination machines, bag-making equipment, and plastic recycling plants. Its products are used by manufacturers across the plastic woven packaging and technical textiles industry.
The company serves a wide range of industries through its machinery solutions. Its equipment is used to manufacture woven sacks and jumbo bags for sectors such as cement, fertilizers, and agriculture. It also supplies machinery for producing tarpaulins, geotextiles, shade nets, and ground covers used in infrastructure and farming. In addition, Lohia Corp has expanded into specialty textile machinery for products such as monofilaments, strapping, synthetic fibres, and yarns used in defence and medical applications through strategic acquisitions and joint ventures.
Lohia Corp has manufacturing facilities in Kanpur and Bengaluru, covering more than 180,000 square metres. The company has installed over 2,300 tape extrusion lines and 95,000 circular looms worldwide. It serves customers in more than 100 countries across five continents and supports its global operations through overseas offices in the United States, Brazil, the UAE, Indonesia, and Thailand.
Industry Outlook
- Lohia Corp's strong market position, with a 17.5% global market share and over 80% market share in India, puts it in a favourable position to benefit from growing demand for raffia machinery, supporting future order inflows.
- The increasing shift from jute bags to PP and HDPE woven bags is likely to drive demand for machinery used to manufacture these products, creating growth opportunities for the company.
- Rising global demand for FIBCs (Jumbo Bags) across industries such as chemicals, pharmaceuticals, and agriculture could boost orders for Lohia Corp's packaging machinery.
- Growth in technical textile segments such as Agrotex, Geotex, and Buildtex is expected to increase demand for specialised machinery, helping the company diversify its revenue beyond traditional packaging equipment.
- Higher adoption of PP multifilament yarns in sectors like automotive, medical textiles, filtration, and upholstery could support demand for the company's advanced extrusion and yarn manufacturing machinery.
- The company's large installed base of machinery worldwide creates recurring revenue opportunities through aftermarket services, spare parts, maintenance, and equipment upgrades.
- Rapid industrialisation and infrastructure development in emerging markets are expected to increase investments in plastic woven fabric manufacturing, expanding Lohia Corp's export opportunities.
- The growing focus on plastic recycling and sustainable manufacturing is likely to increase demand for the company's recycling solutions, providing an additional long-term growth avenue.
Lohia Corp IPO Objectives
Lohia Corp will not receive any proceeds from the IPO, as the issue is entirely an Offer for Sale (OFS). Therefore, none of the IPO funds will be used for business expansion, debt repayment, research and development, or other corporate purposes. The proceeds from the share sale will go directly to the promoters and other selling shareholders, after deducting their share of the offer-related expenses.
Financial Performance of Lohia Corp
| Financial Metric | FY 2023 | FY 2024 | FY 2025 |
| Revenue from Operations (₹ Million) | 14,215.40 | 13,850.10 | 14,820.50 |
| EBITDA (₹ Million) | 1,850.20 | 1,720.40 | 1,980.60 |
| Profit After Tax (PAT) (₹ Million) | 1,120.30 | 1,040.80 | 1,210.40 |
| EBITDA Margin (%) | 13.02% | 12.42% | 13.36% |
| PAT Margin (%) | 7.88% | 7.51% | 8.17% |
Lohia Corp Peer Comparison
| Company Name | EPS (Basic) (₹) | NAV per Share (₹) | RoNW | ROCE |
| Lohia Corp Limited | 18.31 | 49.37 | 36.80% | 40.92% |
| Rajoo Engineers Limited | 2.74 | 19.33 | 14.16% | 19.33% |
| Jyoti CNC Automation Limited | 6.12 | 88.00 | 16.79% | 17.54% |
| Lakshmi Machine Works (LMW) Ltd | 122.37 | 2,683.25 | 4.56% | 6.91% |
| Mamata Machinery Limited | 14.78 | 75.21 | 8.13% | 10.45% |
Strengths and Opportunities for Lohia Corp IPO
- Lohia Corp is a market leader with over 80% market share in India for plastic woven fabric machinery. Globally, it holds a 28.7% market share in PP and HDPE fabric machinery and 17.5% in the overall raffia machinery market.
- The company has installed more than 2,300 tape extrusion lines and 95,000 circular looms in over 100 countries across five continents.
- Lohia Corp operates manufacturing facilities in Kanpur and Bengaluru, spread across 180,000 square metres, with a large production capacity for tape lines, circular looms, and tape winders.
- Revenue from operations increased 25.3% year-on-year to ₹1,737.87 crore in FY26, supported by strong domestic and export demand.
- Profit after tax (PAT) rose 64.1% to ₹193.45 crore in FY26, while the PAT margin improved from 8.50% to 11.13%.
- The company reported strong profitability with a Return on Equity (ROE) of 36.80% and Return on Capital Employed (ROCE) of 40.92% in FY26.
- As of March 31, 2026, Lohia Corp had an order book worth ₹1,358.52 crore, providing good revenue visibility.
- The company has a strong focus on innovation, supported by 127 granted patents and 54 registered trademarks worldwide.
- Lohia Corp reduced its total borrowings from ₹212.16 crore in FY25 to ₹152.78 crore in FY26, strengthening its balance sheet.
- The company has a global service and distribution network with warehouses in India, the US, and the UAE, stockists in eight countries, and more than 2,010 permanent employees.
Risks and Threats for Lohia Corp IPO
- The IPO is entirely an Offer for Sale (OFS), meaning the company will not receive any funds from the issue. All the proceeds will go to the selling shareholders.
- Lohia Corp depends on a few large customers, with its top 10 customers contributing 32.4% of revenue in FY26. Losing any of these customers could affect its business.
- Raw materials account for 58.2% of operating expenses. Any sharp rise in the prices of steel, electrical components, or other key inputs could impact profit margins.
- As of March 31, 2026, the company had contingent liabilities of ₹48.74 crore, mainly related to tax disputes, legal cases, and bank guarantees, which could affect future earnings if resolved unfavourably.
- A significant portion of the company's revenue comes from exports. This exposes the business to currency fluctuations, trade restrictions, and global geopolitical risks.
- Most of the company's manufacturing operations are located in Kanpur, Uttar Pradesh. Any disruption due to labour issues, local regulations, or supply chain problems could affect production.
- The company's financial performance showed some fluctuations in earlier years before its business restructuring and consolidation, indicating limited consistency in revenue growth.
- Demand for Lohia Corp's machinery depends on capital spending by industries such as cement, fertilizers, agriculture, infrastructure, and packaging. A slowdown in these sectors could reduce new orders.
Lohia Corp IPO Reservation
| Investor Category | Allocation |
| Qualified Institutional Buyers (QIBs) | At least 75% of the Net Offer |
| Non-Institutional Investors (NIIs) | Not more than 15% of the Net Offer |
| Retail Individual Investors (RIIs) | Not more than 10% of the Net Offer |
Lohia Corp IPO Promoter Holding
The promoters of the company are Amit Kumar Lohia, Raj Kumar Lohia, and Gaurav Lohia.
| Particulars | Pre-IPO | Post-IPO |
| Promoter Holding | 95.61% | 75.24% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Lohia Corp IPO Registrar and Lead Managers
Lohia Corp IPO Lead Managers
- Equirus Capital Ltd.
- Motilal Oswal Investment Advisors Ltd.
Registrar for Lohia Corp IPO
- Name: MUFG Intime India Pvt.Ltd.
- Phone: 022-49186000
- Mail ID: lohiacorp.ipo@in.mpms.mufg
How To Check the Allotment Status of the Lohia Corp IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Lohia Corp IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Lohia Corp IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Lohia Corp IPO
Address: D-3/A, Panki Industrial Estate, Udyog Nagar (Kanpur Nagar), Kanpur Nagar, Ratan Lal Nagar, Kanpur, Uttar Pradesh, 208022
Phone: +91 512-2593100
Email ID: compliance@lohiagroup.com
