Lohia Corp IPO Opens Next Week: Machinery Manufacturer Launches Major OFS on July 23
The manufacturing sector is set to see a significant entry next week as Lohia Corp, a producer of machinery for technical textile production, launches its Initial Public Offering (IPO). The maiden public issue will open for bidding starting July 23 and will close to investors by July 27.The offering is structured entirely as an Offer For Sale (OFS), meaning that the proceeds generated from the IPO will be distributed directly to the selling shareholders rather than being received by the company itself. This structure provides a crucial platform for existing shareholders to liquidate stakes in the successful Kanpur-based entity.
Details of Lohia Corp's Public Offering
The Draft Red Herring Prospectus (DRHP), filed recently, specifies that over 2.59 crore shares are available for sale through this IPO. Anchor investors will have the opportunity to place bids on July 22 before the general public offering commences.Equirus Capital and Motilal Oswal Investment Advisory have been designated as the book-running lead managers for this issue. The equity of Lohia Corp is expected to be listed across both the BSE and the NSE, ensuring wide market accessibility.
Key Shareholders Participating in OFS
The offerings include participation from several members of the Lohia family, who are selling portions of their stakes. Raj Kumar Lohia is offering up to 167.28 lakh shares, while Gaurav Lohia holds a stake of up to 22.18 lakh shares. Amit Kumar Lohia and Ritu Lohia are also participating in the OFS with holdings of up to 9.2 lakh and 16.71 lakh shares respectively.Other shareholders involved 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).
Financial Performance Snapshot of Lohia Corp
Lohia Corp demonstrated robust financial health, reporting a net profit of Rs 193 crore for the fiscal year ending March 31, 2026. This figure represents a substantial 64% year-on-year (YoY) increase compared to the Rs 118 crore net profit achieved in FY25.The company’s operational revenue also showed strong growth, rising by approximately 25% YoY. Revenue from operations reached Rs 1,717 crore in FY26, up from Rs 1,377 crore recorded in FY25.
Role and Market Context of Lohia Corp
Lohia Corp functions as a specialist manufacturer of machinery and essential equipment. Their core business involves serving the technical textile industry, specifically supporting the production of woven fabric and sacks made from high-density polyethene and polypropylene.The domestic capital market remains highly active in the coming days. In addition to the Lohia Corp offering, five other IPOs are scheduled for subscription next week. Market focus will also be keenly placed on Xtranet Technologies and Cube Highways Trust InvIT listings.
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