IPO
Textile machinery maker Lohia Corp’s IPO subscribed 7.25 times
The initial public offer of Kanpur-based Lohia Corp was subscribed 7.25 times. The offer consists only of an offer for sale of 25,931,407 equity shares at a price band of between INR 404 and 425 per share by promoters and other selling shareholders. The company had earlier raised INR 492.11 crore from 27 anchor investors by allotting 1.15 crore shares at INR 425 each.Founded in 2023, the firm manufactures machinery and equipment for the production of technical textiles, including polypropylene and high-density polyethylene woven fabrics and sacks. The company reported a consolidated net profit of INR 193.45 crore and sales of INR 1,717 crore for the twelve-month period ending 31 March 2026.The firm plans to utilize the IPO proceeds to provide capital to the selling shareholders, as the company itself will not receive any funds from the issue.
For FY25, Lohia Corp had reported about INR 1,310 Cr in Operating Income and about INR 119 Cr in PAT.
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