Lohia Corp IPO subscribed 43% on Day 2 so far. Here’s what latest GMP trends indicate

The initial public offering of technical textile machinery and equipment-maker Lohia Corp continued to see decent investor interest during its second day of public bidding, with the Rs 1,101 crore maiden issue of the company being subscribed 43% so far on Friday.

The public issue received bids for more than 61 lakh shares, as against the offer size of 1.43 crore shares, according to data on NSE at 10.36 am. Retail Individual Investors (RII) lead the numbers, booking 80% of their reserved portion. Qualified Institutional Buyers (QIB) meanwhile have subscribed 43% of the portion kept for them, while that reserved for the Non Institutional Investors (NII) has been booked 18% so far.

Lohia Corp IPO GMP

The decent subscription numbers come despite muted grey market trends. The unlisted shares of Lohia Corp were trading with a grey market premium (GMP) of 3-8.5% over the IPO price, according to sites tracking the unofficial market. This has fallen from the 9-13% GMP the unlisted stock commanded after the price band was announced.

It is important to note the grey market is an unofficial platform. The actual listing premium may significantly differ from the grey market expectations.

Also read: Can Lohia Corp IPO deliver long-term growth for high risk investors?

About Lohia Corp IPO

Lohia Corp launched its IPO on Thursday to raise Rs 1,101 crore entirely through an Offer for Sale (OFS) of shares at a price of Rs 404-425 per share. This means that the IPO proceeds will go to the selling shareholders, while the company itself will not receive any funds from the offering.

The maiden public issue of the company will be open for bidding from July 23 to July 27. The share allotments are expected to be finalised on July 28, while the company’s shares are likely to make their debut on NSE and BSE on July 30.

The IPO has a lot size of 35 shares. At the upper price band of Rs 425, retail investors will need to invest a minimum of Rs 14,875 for one lot. Equirus Capital Ltd and Motilal Oswal Investment Advisors Ltd are the book-running lead managers to the issue, while MUFG Intime India Pvt. Ltd. is the registrar.Promoters participating in OFS include Raj Kumar Lohia (up to 167.28 lakh shares), Gaurav Lohia (up to 22.18 lakh shares), Amit Kumar Lohia (up to 9.2 lakh shares) and Ritu Lohia (up to 16.71 lakh shares). Other selling shareholders include Alok Kumar Lohia (up to 21.71 lakh shares), Anurag Lohia (up to 11.38 lakh shares) and Anuja Lohia (up to 10.85 lakh shares).

About Lohia Corp

Incorporated in 2023, Lohia Corp manufactures machinery and equipment used in the production of technical textiles, particularly for manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks.As of March 31, 2026, the company had an installed annual capacity of 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders. Its product portfolio includes tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines, and related spare parts.

Lohia Corp financials

Lohia Corp reported a net profit of Rs 193 crore for the financial year which ended on March 31, 2026. This marked a 64% year-on-year (YoY) rise from Rs 118 crore net profit reported in FY25. Its revenue from operations, meanwhile, rose around 25% YoY to Rs 1,717 crore in FY26 from Rs 1,377 crore in FY25.

Also Read: Lohia Corp IPO opens on July 23: Here’s all you need to know

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