Issue closes on Monday, July 27, 2026, for bidding

Mumbai: The Initial Public Offering of Lohia Corp Limited was subscribed 0.39 times on the first day of bidding, demonstrating strong demand from retail and Qualified Institutional Buyers (QIB) for this IPO.

The issue received bids of 56,42,665 equity shares against the offered 1,43,52,274 equity shares, according to data available on the stock exchanges.

Retail Portion and Non-institutional portion were subscribed 0.66 times and 0.15 times respectively. Qualified Institutional Buyers (QIB) was subscribed 0.43 times whereas the employee reserved portion was subscribed 0.26 times.

The issue kicked off for subscription on Thursday, July 23, 2026, and will close for subscription on Monday, July 27, 2026.

A day before the opening of the issue, Lohia Corp Limited had raised Rs 492.1 crore from anchor investors.

Equirus Capital Limited and Motilal Oswal Investment Advisors Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the offer.

Brokerage houses recommendation for Lohia Corp Limited IPO

Leading brokerage firms like Adroit Financial, Anand Rathi, Marwadi Financial Services, SBI Securities and SMIFS Ltd have given their “Subscribe” recommendation to Lohia Corp Limited.

Anand Rathi highlights the company produce a wide range of equipment including extrusion lines, circular looms, lamination and coating lines, printing machines, conversion machines, multifilament yarn machines, monofilament extrusion lines, recycling machines, and spare parts.

On the valuation front, based on annualized FY26 earnings, the company is seeking a P/E of 23.21 times and a post-issue market capitalization of approximately Rs 44,901 million. The company has strong market position and growth. Recommend a “SUBSCRIBE” rating for the long-term.

SBI Securities highlights the company offers end-to-end solutions across tape extrusion, winding, circular weaving, coating & lamination, printing and conversion machinery.

On the valuation front, at the upper price band of Rs 425, the issue is at a P/E of 22.1 times based on FY26 earnings on post-issue capital, offering an attractive valuation relative to listed machinery peers. Recommend “SUBSCRIBE” for long-term investment.