Lohia Corp IPO

About Lohia Corp IPO

The Lohia Corp IPO, a mainboard IPO, opens on Thursday, July 23, 2026 and closes on Monday, July 27, 2026. The allotment of shares will take place on Tuesday, July 28, 2026. The credit of shares to the demat account will take place on Wednesday, July 29, 2026. The initiation of refunds will take place on Wednesday, July 29, 2026. The listing of shares will take place on Thursday, July 30, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE.

Lohia Corp IPO's price band is set at ₹404 to ₹425 per share. The lot size for an application is 35 shares. The offer consists solely of an offer for sale (OFS) component. Fresh issue is not applicable. The offer for sale portion includes up to 25,931,407 equity shares aggregating up to ₹1,101 crores,

The minimum amount of investment required by a retail investor is ₹14,875 (35 shares) (based on the upper price band). The minimum investment required by an sNII investor is 14 lots (490 shares) amounting to ₹2,08,250, while that for a bNII investor is 68 lots (2,380 shares) amounting to ₹10,11,500.

Lohia Corp manufactures machinery and equipment for technical textiles, with a focus on polypropylene and high-density polyethylene woven fabric and sacks, known as Raffia. It operates six machine manufacturing facilities, four in India and one each in the United States and Italy and supplied products to around 100 countries in fiscals 2026, 2025 and 2024.

Objectives of Lohia Corp IPO

• This is a 100% Offer for Sale. The Company will not receive any proceeds from the Offer.

Industry Outlook

Technical textiles are engineered fabrics built for function rather than appearance. They serve automotive, healthcare, construction and agricultural applications, and India's technical textiles market is projected to grow from US $28.5 billion in Fiscal 2025 to US $47.0 billion in Fiscal 2030, a CAGR of 10.5%, according to the Frost & Sullivan report. Woven Raffia is the largest slice. It accounted for US $8.4 billion, or 29.5% of the Indian technical textiles market, in Fiscal 2025.

Machinery demand tracks that end-market. The global woven Raffia machinery market was estimated at US $1,008 million in 2024 and is expected to reach US $1,369 million by 2030, a CAGR of 5.2%. India is growing faster. The domestic woven Raffia machinery market stood at US $150.0 million in Fiscal 2025 and is projected to reach US $242.0 million by Fiscal 2030, a CAGR of 10.0%. Rising infrastructure spending on cement and construction, together with wider use of Raffia sacks in food grains, chemicals, fertilizers and agriculture, is expected to support machinery demand between 2025 and 2030.

India ranks second globally as a market for woven sack machinery as of 2025, supported by its position as the world's leading exporter of flexible intermediate bulk containers and by domestic demand from the agricultural, fertilizer and cement sectors. The underlying global woven Raffia market was valued at about US $69.4 billion in 2024 and is expected to reach US $100.3 billion by 2030, a CAGR of 6.3%. Lohia Corp held 15.4% of the global woven Raffia machinery market by value in 2024 and 40.7% of the Indian market by value in Fiscal 2025.

The sector carries identifiable headwinds. Environmental regulation and anti plastic sentiment group woven bags with single use plastics in several regions, biodegradable and jute-based substitutes are gaining ground in eco-sensitive markets, and low-cost Chinese and other Asian machinery suppliers have increased price pressure on Indian manufacturers.

About Lohia Corp

Lohia Corp manufactures machinery and equipment for technical textiles. Its focus is Raffia — woven fabric and sacks made from polypropylene and high-density polyethylene. The product range covers tape extrusion lines, circular looms, coating and lamination lines, printing machines, conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines and spare parts. As of March 31, 2026, installed capacity in India stood at 240 tapelines, 13,800 circular looms, 108,000 tape winders, 192 bag conversion machines and 8,000 tonnes of FIBC bags annually.

The Company owns six machine manufacturing facilities. Four are in India, two in Kanpur, Uttar Pradesh and two in Bengaluru, Karnataka with one in Burlington, North Carolina and one in Como, Italy. A live experience centre in Kanpur manufactures FIBCs. The Hargovind Bajaj R&D Centre in Kanpur is accredited by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India. Research output is substantial. The Company has been granted 71 patents in India and 56 patents outside India, holds eight design registrations in India, and together with its Subsidiaries and the Demerged Company has registered 54 trademarks. A further 19 patent applications in India and 24 trademark applications were pending as of the date of the Red Herring Prospectus.

Sales reach roughly 100 countries. The Company runs four sales offices in India — Ahmedabad, Bengaluru, Kolkata and New Delhi — and five international offices in Brazil, Russia, Thailand, the UAE and the United States, supported by 17 exclusive sales agents and service engineers stationed in 12 Indian cities and 13 countries overseas as of March 31, 2026. The Company employed 2,010 permanent employees as of March 31, 2026. Raj Kumar Lohia, Chairman and Managing Director, has over 43 years of experience, and Gaurav Lohia, Whole-time Director and Chief Operating Officer, has more than 20 years in manufacturing.

Strengths of Lohia Corp

• Market leader in India and among the leading manufacturers globally of woven raffia machinery in a growing market.
• Diverse product portfolio, offering end-to-end solutions for the woven fabric ecosystem.
• Strong relationships with a diverse, global customer base through an extensive global sales and distribution network.
• Advanced manufacturing infrastructure with comprehensive backward integration, supported by an in-house training centre.
• Technology-driven operations with a strong focus on innovation-led research and development, leading to products that cater to dynamic market requirements.

Risks of Lohia Corp

• The company is heavily dependent on the woven raffia machines business and the growth of its end-use industries.
• Raw material price fluctuations, supply shortages or delays could adversely impact the company's operations and profitability.
• Dependence on imported raw materials and components exposes the company to tariff, tax and import-related risks.
• Environmental regulations, high capital costs and competition could affect demand for the company's products.
• The company has reported negative operating cash flows in the past, which could impact its financial condition if repeated.

Anchor Investor Bidding Date: Wednesday, July 22, 2026

IPO Registrar
MUFG Intime India Private
Tel: +91 810 811 4949
E-mail: lohiacorp.ipo@in.mpms.mufg.com

Book Running Lead Managers
Equirus Capital (formerly known as Equirus Capital Private Limited)
Motilal Oswal Investment Advisors Limited

Lohia Corp Contact Details
D-3/A, Panki Industrial Estate, Udyog Nagar (Kanpur Nagar), Kanpur,
Nagar, Ratan Lal Nagar, Uttar Pradesh 208 022, India.
E-mail: compliance@lohiagroup.com
Telephone: +91 512-2593100

Lohia Corp Business Model

The company earns its revenue through the sale of machinery and equipment for the technical textiles industry, spare parts for those machines, and related services. In Fiscal 2026, circular looms contributed 33.28% of revenue from operations, tape extrusion lines 20.30%, other machines and equipment 17.03%, spare parts 11.34%, tape winders 8.95%, other sales 7.29%, other operating revenue 1.54%, and sale of services 0.27%. The order book stood at ₹1,358.52 crores as of March 31, 2026, against ₹828.46 crores a year earlier.

Lohia Corp Growth Trajectory

Lohia Corp Limited's Total Income for FY26 was ₹1,737.87 crores, whereas in FY25 and FY24 it was ₹1,386.47 crores and ₹1,173.60 crores, respectively.

The Profit After Tax for FY26 was ₹193.45 crores, whereas in FY25 and FY24 it was ₹117.84 crores and ₹29.76 crores, respectively.

Their EBITDA for FY26 was ₹339.45 crores, whereas in FY25 and FY24 it was ₹228.60 crores and ₹105.96 crores, respectively.

Lohia Corp Market Position

Lohia Corp is the market leader in the Indian woven Raffia machinery market with a 40.7% share by value in Fiscal 2025 and ranked among the top global players with 15.4% of the global market by value in 2024, according to the Frost & Sullivan report. As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹1,737.87 crores, ₹193.45 crores, and ₹339.45 crores, respectively.

How to apply for Lohia Corp IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.