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Lohia Corp Ltd IPO
Lohia Corp Ltd
₹14,140 /35 sharesMinimum investment
IPO listing details
Listed on
30 Jul '26
Issue price
₹425.00
Listing price
₹461.00
Listing gains
₹36.00 (8.47%)
Exchange
BSE
IPO details
Minimum investment
₹14,140
Price range
₹404 - ₹425
Lot size
35
Issue size
1,102.08 Cr
Face value
1
IPO document
Subscription rate
Qualified Institutional Buyers9.11x
Non-Institutional Investor6.77x
Retail Individual Investor2.61x
Employees1.38x
Total7.21x
As of 27 Jul'26, 05:00 PM
Schedule
23 Jul 2026
IPO open date
27 Jul 2026
IPO close date
28 Jul 2026
Allotment date
28 Jul 2026
Funds unblock or debit
30 Jul 2026
Tentative listing date
About
Founded in
2023
MD/CEO
Mr Raj Kumar Lohia
Parent organisation
Lohia Corp Ltd
Lohia Corp Ltd IPO
https://www.youtube.com/watch?v=3_FPGCLukok
Lohia Corp Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to be one of the leading manufacturers of woven Raffia machinery globally. According to the Frost & Sullivan Report, it held a 15.4% share of the global woven Raffia machinery market by value in 2024 and a 40.7% share of the domestic woven Raffia machinery market by value in FY25. It has also supplied machinery to customers in around 100 countries over the last three financial years.
The company claims to offer an end-to-end product portfolio for the woven fabric manufacturing ecosystem. Its product range includes tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, recycling machines, monofilament extrusion lines, and spare parts. It also provides consultancy, installation, training, commissioning, and after-sales support.
The company claims to have an extensive manufacturing and technical infrastructure. It operates six manufacturing facilities across India, the United States, and Italy, along with a live experience centre, an R&D centre, a digital innovation centre, and dedicated technical training facilities in Kanpur. The company also claims to have significant backward integration through in-house production of components such as motors, controllers, inverters, printed circuit boards, and sheet metal parts.
The company claims to have a strong focus on research and product development. As of the red herring prospectus (RHP) date, it had 71 granted patents in India, 56 granted patents outside India, eight design registrations, and 54 registered trademarks. It also employed 251 personnel in R&D as of March 31, 2026, representing around 12.5% of its on-roll workforce.
The company claims to have developed digital and IoT-enabled capabilities for its machinery. It has introduced the Lohia IoT Gateway, which enables machine monitoring through cloud or local networks and is compatible with machines supplied since 2011. It also operates a Digital Innovation Centre in Bengaluru focused on IoT, artificial intelligence, automation, and smart machine development.
The company has built a wide international sales and service network. As of March 31, 2026, it had four sales offices in India, five international offices, warehouses in India, the UAE and the United States, 17 exclusive overseas sales agents, and service engineers stationed across India and 13 overseas countries. The company states that this network supports installation, commissioning, maintenance, and after-sales services for customers globally.
The company has reported growth in its financial performance over the last two financial years. Revenue from operations increased from Rs 1,376.87 crore in FY25 to Rs 1,716.99 crore in FY26, while profit after tax rose from Rs 117.84 crore to Rs 193.45 crore during the same period. EBITDA also increased from Rs 228.60 crore in FY25 to Rs 339.45 crore in FY26.
The company derives a significant portion of its revenue from woven Raffia machinery. Revenue from woven Raffia machines contributed Rs 1,513.70 crore (88.16%) in FY26, Rs 1,201.71 crore (87.28%) in FY25 and Rs 998.92 crore (85.68%) in FY24. Slowdown in the woven Raffia machinery market or in its end-use industries, such as agriculture, construction, packaging, and technical textiles, or any adverse changes in government policies relating to packaging materials could adversely affect the company’s business, financial performance, and cash flows.
The company depends on imported raw materials and components for its manufacturing operations. Imported raw materials accounted for Rs 155.14 crore (16.06% of raw material costs) in FY26, Rs 113.71 crore (14.84%) in FY25, and Rs 101.06 crore (15.09%) in FY24, with a significant portion sourced from countries such as Switzerland, the United States, Singapore, China, and Germany. Any adverse changes in import regulations, customs duties, tariffs, exchange rates, or disruptions in supply from these countries could increase procurement costs and adversely affect the company’s manufacturing operations and financial performance.
The company has reported negative operating cash flow in the past. It recorded negative cash flow from operating activities of Rs 0.01 crore in FY24 (standalone), primarily due to liabilities before the demerger becoming effective, while it generated positive operating cash flows of Rs 141.28 crore in FY25 and Rs 325.16 crore in FY26. Positive operating cash flow in the future is important for funding the company’s growth plans without resorting to borrowings.
The company derives a significant portion of its revenue from exports and is exposed to international trade-related risks. Export sales contributed Rs 708.95 crore (41.29% of revenue) in FY26, Rs 779.70 crore (56.64%) in FY25, and Rs 565.21 crore (48.48%) in FY24, with key overseas markets including the Middle East, Africa, Asia Pacific, North and South America, and the Commonwealth of Independent States. Any adverse changes in import duties, trade policies, free trade agreements, export incentives, or economic conditions in these regions could adversely affect the company’s export business, financial performance, and cash flows.
The company’s manufacturing business requires significant working capital to fund inventories and receivables. Its net working capital stood at Rs 393.64 crore (84 days of revenue) in FY26, Rs 310.70 crore (82 days) in FY25, and Rs 287.94 crore (90 days) in FY24. Any inability to generate sufficient cash flows, arrange additional funding, or obtain bank guarantees and letters of credit for its working capital requirements could adversely affect the company’s operations, liquidity, and financial condition.
The company had contingent liabilities and commitments that were not provided for in its financial statements as of March 31, 2026. These included claims not acknowledged as debt of Rs 4.69 crore, GST-related contingent liabilities of Rs 2.74 crore, capital commitments of Rs 3.34 crore, and corporate guarantees of Rs 41.30 crore issued on behalf of its subsidiary. If these contingent liabilities or commitments materialise, they could adversely affect the company’s financial condition and cash flows.
As of May 31, 2026, the company and its subsidiaries had outstanding borrowings of Rs 139.11 crore. These included secured term loans of Rs 88.45 crore, non-fund-based working capital facilities of Rs 3.61 crore, and fund-based working capital borrowings of Rs 46.65 crore at its subsidiaries. Any failure to service or repay these borrowings, or any increase in financing costs, could adversely affect the company’s cash flows, financial condition, and business operations.
Application details
For Lohia Corp IPO, eligible investors can apply as Regular & Employee.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹404 - ₹425 | Upto ₹2 Lakhs | 35 |
| Employee | ₹364 - ₹385 | Upto ₹5 Lakhs | 35 |
| High Networth Individual | ₹404 - ₹425 | ₹2 - ₹5 Lakhs | 35 |
About
Book Running Lead Manager & Registrar of Lohia Corp IPO
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Book Running Lead Manager |
Equirus Capital Limited and Motilal Oswal Investment Advisors Limited |
|
Registrar to the Issue |
MUFG Intime India Private Limited |
Key Performance Indicators (KPIs) of Lohia Corp Ltd.
|
KPI |
Value (for the fiscal year ended March 31, 2026) |
|
ROE (%) |
36.80 |
|
ROCE (%) |
40.92 |
|
EBITDA Margin (%) |
19.53 |
|
Debt/Equity Ratio |
0.23 |
|
PAT Margin (%) |
11.13 |
|
EPS (Pre-IPO) (₹) |
18.13 |
|
Return on Net Worth (RoNW) (%) |
72.95 |
Lohia Corp IPO Contact Details
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Company Name |
Lohia Corp Limited |
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Registered Office |
D-3/A, Panki Industrial Estate, Udyog Nagar (Kanpur Nagar), Kanpur Nagar, Ratan Lal Nagar, Uttar Pradesh 208 022, India |
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Phone |
+91 512 2593100 |
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Website |
Lohia Corp IPO Registrar Contact Details
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Company Name |
MUFG Intime India Private Limited |
|
Phone |
+91 81081 14949 |
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Website |