Lohia Corp IPO Set for Listing; Track Allocation Status After 7X Subscription Surge

Lohia Corp IPO Set for Listing; Track Allocation Status After 7X Subscription Surge​

Lohia Corp, a rising player in the industrial machinery space, is expected to finalize the basis of allotment for its Rs 1,101.28-crore Initial Public Offering (IPO) today, July 28. The IPO concluded after a three-day public bidding process that saw healthy demand across all investor categories.

The company's offering was subscribed at 7.25 times on the NSE, signaling strong institutional and retail interest. Qualified Institutional Buyers (QIBs) led the demand impressively, booking a subscription of 9.11 times. Non-Institutional Investors (NIIs) followed closely with a segment subscription rate of 6.82 times. Retail Individual Investors (RIIs) registered an uptake of 2.77 times.

IPO Structure and Offer Dynamics​

The IPO is structured as a complete Offer for Sale (OFS), meaning the entire proceeds generated will be remitted directly to the selling promoters and existing shareholders, rather than serving as fresh capital infusion into Lohia Corp. The pricing structure was determined by the market with a floor price of Rs 405 and an upper band set at Rs 425.

Bidders were mandated to apply in lots of 35 shares. This translates to a minimum investment requirement of Rs 14,875 for retail participants. The allotment process is being managed by MUFG Intime India Pvt Ltd, with Equirus Capital Ltd serving as the book-running lead manager. Trading of the equity shares is tentatively scheduled to commence on both the BSE and NSE from July 30.

Market Sentiment and Grey Market Premium Analysis​

The unofficial grey market premium (GMP) for Lohia Corp shares was reported at Rs 13.5 per share by Investorgain. This preliminary indicator suggests an anticipated listing gain of approximately 3 percent over the upper end of the price band, which is Rs 425.

Market observers caution that while the GMP provides a gauge of current investor sentiment, it remains highly speculative and subject to fluctuations ahead of the official listing date. The company, founded in 2023, specializes in manufacturing machinery for technical textiles, serving both the packaging and industrial sectors. Its products are utilized in diverse applications including FIBCs, cement sacks, and geotextiles.

How to Verify Lohia Corp IPO Allotment Status​

Allottees can verify their status through the designated platforms, which include the Registrar's website, BSE, and NSE. Accurate use of these steps is necessary to confirm allotment success or failure.

Checking Status via the Registrar’s Website (MUFG Intime India)​

To check results on the official portal, applicants must first access https://in.mpms.mufg.com/Initial_Offer/public-issues.html. Select 'Lohia Corp IPO' from the available issues dropdown. Verification can then be achieved using PAN, Application Number, or Demat Account Number. Applicants should specify their application route (ASBA or non-ASBA) before entering details and clicking 'Submit'.

Verifying Allocation on the BSE Website​

Navigation to https://www.bseindia.com/investors/appli_check.aspx is required for BSE verification. Under 'Issue Type,' select 'Equity' and choose the relevant IPO name from the dropdown menu. Providing your PAN or application number in the designated field, followed by a successful security check, will retrieve the allotment details.

Checking Status on the NSE Website​

First-time users must complete PAN-based registration via the designated link before attempting to view results. Existing users should log in using their credentials and captcha code on https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids. Upon successful login, applicants can locate the IPO allotment status section for complete allocation details.