Lohia Corp IPO To Open On 23 July; Issue Comprises Entirely An OFS

Lohia Corp, a Kanpur-based manufacturer of machinery and equipment for the technical textiles industry, will open its maiden initial public offering (IPO) for subscription on 23 July. The public issue, comprising an offer for sale (OFS) of 2.59 crore equity shares, will be among three mainboard IPOs launching that day, alongside Indo-MIM and Xtranet Technologies.

The IPO does not include a fresh issue of shares, with members of the Lohia family divesting their stake through the OFS. As a result, the entire proceeds will accrue to the selling shareholders, while the company will not receive any funds from the offering.

Lohia Corp had refiled its draft red herring prospectus (DRHP) in August 2025 and obtained SEBI's approval in December 2025. The OFS size has also been reduced from the earlier proposed 4.22 crore equity shares.

The anchor investor portion will open on 22 July, while the public issue will close on 27 July. The basis of allotment is expected to be finalised on 28 July, with the company's shares likely to list on the stock exchanges on 30 July.

FY26 Profit Jumps 64.2%; Company Holds 40.7% Share in Woven Raffia Machinery

Lohia Corp has reserved 2 lakh equity shares for eligible employees. Of the net offer, excluding the employee reservation, up to 75% has been allocated to qualified institutional buyers (QIBs), 15% to non-institutional investors (NIIs) and 10% to retail investors.

The company is a global manufacturer of machinery and equipment for technical textiles, with products spanning tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines and spare parts.

Lohia Corp is a leading supplier of machinery used in manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks, and estimates its market share in India's woven Raffia machinery segment at 40.7% by value.

For FY26, the company reported a 64.2% year-on-year rise in net profit to ₹193.5 crore, compared with ₹117.8 crore in FY25. Revenue increased 24.7% to ₹1,717 crore from ₹1,376.9 crore a year earlier.

Lohia Corp's listed peers include Rajoo Engineers, Lakshmi Machine Works (LMW) and Mamata Machinery. Equirus Capital and Motilal Oswal Investment Advisors are the book-running lead managers for the issue.

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