Lohia Corp IPO Gets 'Subscribe' Rating; Check Price Band, GMP & Key Investment Triggers

Lohia Corp Limited is launching its Mainboard IPO on July 23, 2026, through an Offer for Sale (OFS) worth ₹1,101.28 crore. Since the entire issue is an OFS, the company will not receive any proceeds, with the funds going to the selling shareholders. The IPO aims to improve market visibility, provide liquidity to existing shareholders, and secure listing benefits on the stock exchanges.

Lohia Corp is India's largest and one of the world's leading manufacturers of machinery for the woven raffia and technical textiles industry. The company has built a strong global presence with customers across more than 70 countries, supported by a healthy order book, strong financial growth, and leadership in a niche manufacturing segment.

Lohia Corp IPO Details

Particulars	Details
IPO Type	Mainboard IPO
IPO Opens	July 23, 2026
IPO Closes	July 27, 2026
Tentative Listing	July 30, 2026
Price Band	₹404 – ₹425 per share
Lot Size	35 Shares
Minimum Investment	₹14,875
Issue Size	₹1,101.28 Crore
Fresh Issue	Nil
Offer for Sale	₹1,101.28 Crore

About Lohia Corp Limited

Established in 1981 in Kanpur, Uttar Pradesh, Lohia Corp Limited manufactures machinery and equipment used in producing PP and HDPE woven fabrics, woven sacks, technical textiles, and industrial packaging products. Its product portfolio includes tape extrusion lines, circular looms, coating and lamination machines, printing presses, and conversion equipment.

The company serves over 1,000 customers across 70+ countries, holds 127+ global patents, commands a 40.7% market share in India, and approximately 15.4% global market share in woven raffia machinery. As of FY26, its order book stood at ₹1,358.52 crore, providing strong revenue visibility.

Financial Performance

Lohia Corp reported strong growth during FY26 with higher revenue and profitability.

Financials (₹ Crore)	FY26	FY25
Revenue from Operations	1,716.99	1,376.87
Total Income	1,737.87	1,386.47
Total Expenses	1,463.42	1,224.05
Profit Before Tax	265.04	162.43
Profit After Tax	193.45	117.84
EPS (₹)	18.31	13.70

Revenue increased by 25.4% year-on-year, while profit after tax jumped 64.2%, reflecting strong operational performance and improving margins.

Key Financial Highlights

Metric	Performance
FY26 Revenue Growth	25.4%
FY26 PAT Growth	64.2%
FY26 Revenue	₹1,737.87 Crore
FY26 Net Profit	₹193.45 Crore
Order Book	₹1,358.52 Crore
Global Patents	127+
Countries Served	70+
Customers	1,000+

Key Strengths

Lohia Corp enjoys a leadership position in a specialized engineering segment with a 40.7% domestic market share and 15.4% global market share. The company has built a strong technology portfolio with over 127 patents, a diversified international customer base, improving EBITDA margins, and a rapidly expanding order book that increased from ₹828 crore to ₹1,358.52 crore in FY26. These factors provide strong long-term revenue visibility and support future growth.

Key Risks

The business remains dependent on the woven raffia machinery segment, making demand sensitive to global packaging and industrial capital expenditure cycles. International operations also expose the company to foreign exchange fluctuations, geopolitical risks, and changes in global demand. In addition, dependence on imported components may impact production costs if supply chain disruptions occur.

Valuation Analysis

Metric	Value
P/E Ratio	23.21x
Peer Average P/E	48.72x
Grey Market Premium	8.20%
Analyst Rating	Subscribe

The IPO is valued at a P/E of 23.21x, which is significantly lower than the peer average of 48.72x, indicating a relatively reasonable valuation based on the research report. The reported Grey Market Premium (GMP) of 8.20% also reflects positive investor interest ahead of listing.

Should You Subscribe to the Lohia Corp IPO?

Lohia Corp enters the public markets as a global leader in woven raffia machinery with strong financial performance, a healthy ₹1,358.52 crore order book, expanding profitability, and a dominant market position backed by over four decades of manufacturing experience. Although the IPO is entirely an Offer for Sale and the company will not receive fresh capital, its improving earnings, strong international presence, technological leadership, and reasonable valuation make it an attractive opportunity for medium- to long-term investors. Based on the IPO report, the overall recommendation is Subscribe.

What is the Lohia Corp IPO issue size and price band?

The Lohia Corp IPO is an Offer for Sale (OFS) of ₹1,101.28 crore with no fresh issue. The price band has been fixed at ₹404 to ₹425 per equity share.

When will the Lohia Corp IPO open and close?

The IPO will open for subscription on July 23, 2026, and close on July 27, 2026. The tentative listing date is July 30, 2026.

What does Lohia Corp Limited do?

Lohia Corp Limited is India's largest and one of the world's leading manufacturers of technical textile and woven raffia machinery. The company manufactures tape extrusion lines, circular looms, coating and lamination machines, printing presses, and conversion equipment, serving more than 1,000 customers across 70+ countries.

How did Lohia Corp perform financially in FY26?

For FY26, Lohia Corp reported revenue from operations of ₹1,716.99 crore, total income of ₹1,737.87 crore, and net profit (PAT) of ₹193.45 crore. Basic EPS stood at ₹18.31, reflecting strong year-on-year growth in both revenue and profitability.

Should investors subscribe to the Lohia Corp IPO?

According to the IPO research report, Lohia Corp has a 40.7% market share in India, 15.4% global market share, 127+ patents, a ₹1,358.52 crore order book, and is offered at a P/E of 23.21x, below the peer average of 48.72x. Based on these factors, the report assigns a "Subscribe" rating for medium- to long-term investors.