Lohia Corp IPO Opens: See How This Technical Textiles Giant Plans to Seize 40% Market Share
Kanpur-based machinery manufacturer Lohia Corp is set to launch its maiden public issue, aiming to attract institutional interest on July 23. The company, a leader in the technical textiles industry, will be offering shares through an Offer for Sale (OFS) component. This IPO marks the third mainboard listing scheduled for that date, alongside Indo-MIM and Xtranet Technologies.The subscription window is set to run from July 23 to July 27. The company has confirmed that this issue will be solely a selling event; there is no provision for fresh shares. All funds generated by the sale of equity shares will go directly to the selling shareholders, not into the company's reserves.
IPO Offering and Listing Timeline Details
The initial anchor investor phase for the IPO is scheduled to open on July 22. The total OFS comprises 2.59 crore equity shares, which was previously proposed at a larger offering of 4.22 crore shares in its draft prospectus. The company has reserved 2 lakh shares specifically for eligible employees from the net offer pool.The allotment process is expected to be finalized by July 28. Market participants can anticipate listing on the stock exchanges on July 30. The IPO structure allocates up to 75 percent of the net offer to Qualified Institutional Buyers (QIBs), with 15 percent designated for Non-Institutional Investors (NIIs) and 10 percent reserved for retail investors.
Dominance in Technical Textiles Market
Lohia Corp holds a distinguished position as one of the leading global manufacturers of equipment dedicated to technical textiles production. Their extensive product range includes tape extrusion lines, circular looms, printing and conversion machines, coating and lamination lines, monofilament extrusion lines, and recycling machines.The company possesses a particularly strong presence in the segment focusing on polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks known as Raffia. Lohia Corp claims a significant 40.7 percent market share by value within India's dedicated woven Raffia machinery segment.
Financial Performance Highlights for FY26
The company demonstrated robust growth during the financial year 2026. Profit rose by an impressive 64.2 percent on a year-on-year basis, reaching Rs 193.5 crore from the prior period's Rs 117.8 crore. This strong profit surge was accompanied by revenue climbing 24.7 percent to Rs 1,717 crore, up from Rs 1,376.9 crore over the same timeframe.Lohia Corp operates in a competitive landscape, contending with established peers such as Lakshmi Machine Works (LMW), Rajoo Engineers, and Mamata Machinery within the industry space. The successful completion of this IPO is managed by Equirus Capital and Motilal Oswal Investment Advisors.
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