Lohia Corp IPO Debuts Today: Grey Market Premium Suggests Cautious Climb as Manufacturing Prowess Is Priced In

Lohia Corp IPO Debuts Today: Grey Market Premium Suggests Cautious Climb as Manufacturing Prowess Is Priced In​

Lohia Corp, a key player in India’s technical textile machinery sector, is set to make its much-anticipated stock market debut on the BSE and NSE today (July 30). The company, which specializes in equipment for technical textiles, offers investors a chance to tap into the growing manufacturing segment. While the IPO saw solid investor interest during its subscription period, prevailing grey market indicators suggest a relatively moderate listing performance.

The company’s Rs 1,101 crore Offering For Sale (OFS) was fully subscribed across all categories. The shares were priced in the range of Rs 404-425 apiece. Ahead of the public issue, anchor investors had already committed Rs 492.11 crore on July 22, 2026, underscoring early confidence in the firm’s trajectory.

Listing Preview and Market Sentiment Indicators​

The Grey Market Premium (GMP) currently stands at approximately Rs 19 per share. This premium translates to an estimated listing gain of about 4.5% to 5% over the upper issue price. Based on these grey market trends, the stock is anticipated to list around Rs 444.

Despite the muted tone suggested by the GMP, the subscription figures remain robust. The IPO was subscribed 7.78 times overall when it opened for booking between July 23 and July 27. Institutional investors (QIB) showed the strongest enthusiasm, subscribing the segment 10.10 times. Non-Institutional Investors (NII) booked the issue at 6.82 times, while Retail Individual Investors (RII) drove demand at 2.77 times.

Operational Reach and Core Business Focus​

Established in 2023, Lohia Corp manufactures specialized machinery critical for technical textile production. These textiles are used extensively in manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabrics and sacks. The company's diversified product portfolio is extensive, covering tape extrusion lines, circular looms, coating and lamination systems, printing and conversion machines, and twister winders.

As of March 31, 2026, the operational capacity stood strong. Lohia Corp possessed an installed annual manufacturing capacity including 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders. The company also has a robust range of products, which include recycling machines and related spare parts machinery.

Financial Growth Powers Market Confidence​

Lohia Corp is heading into its listing supported by impressive financial metrics for the fiscal year (FY26). The company reported significant growth in profitability, with net profit surging 64% year-on-year to Rs 193 crore. This compares favorably against Rs 118 crore recorded in the previous fiscal year.

Revenue from operations has also demonstrated strong momentum. It rose 25% year-over-year to reach Rs 1,717 crore, up from Rs 1,377 crore in FY25. These solid financial fundamentals provide a substantive base for investor confidence as the company enters the public markets. The market now awaits whether these strong operational and financial results can translate into a robust debut listing price.