Lohia Corp sets IPO price band at Rs 404–425 a share, subscription opens July 23
AI Market Summary
Lohia Corp set its IPO price band at Rs 404–425 with subscription opening July 23 and listing July 30. The deal is a pure offer-for-sale, implying no primary capital injection, while recent profit and revenue growth highlight company-specific momentum. As a single-name Indian IPO without broader macro or liquidity implications, near-term spillover to major indices, FX, commodities, or crypto markets appears limited.
Impact level
● Low
Affected assets
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AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Lohia Corp Ltd, a Kanpur-based maker of technical textile machinery, has set an IPO price band of Rs 404–425 per share, with the issue size capped at Rs 1,102 crore. The subscription window opens on July 23 and the shares are scheduled to list on July 30. The offer is a pure offer for sale, with no fresh fundraise. For fiscal 2026, the company reported a 64.2% rise in net profit to Rs 193.5 crore and a 24.7% increase in revenue to Rs 1,717 crore, and it says it holds a 40.7% value share in India’s woven Raffia machinery segment.
