Lohia Corp IPO Review 2026: Financials, Strengths & Risks

Lohia Corp IPO is a mainboard offer from a Kanpur-headquartered manufacturer of machinery for the woven fabric and technical textiles industry, with a global footprint spanning manufacturing, sales, and service operations. The ₹1,102.08 crore issue is entirely an Offer for Sale, meaning the company will not receive any of the proceeds — the entire amount goes to the promoter shareholders selling their stake.

For live subscription numbers and the application link, visit the Lohia Corp IPO page on IPO Ji.

Lohia Corp IPO — Quick Overview

The entire issue of 2,59,31,407 shares, aggregating up to ₹1,102.08 crore, is an Offer for Sale by existing shareholders. There is no fresh issue component, so the company's own share capital and shareholding remain unchanged before and after the IPO, at 10,56,50,000 shares.
QIBs are reserved at least 75% of the Net Offer, NIIs not more than 15%, and retail investors not more than 10%. Eligible employees are offered a discount of ₹40 per share.
MUFG Intime India Pvt. Ltd. is the registrar for the Lohia Corp IPO, while Equirus Capital Ltd. and Motilal Oswal Investment Advisors Ltd. are the lead managers.
For the complete lot-size table, live subscription tracker and application link, see the Lohia Corp IPO detail page on IPO Ji.

About Lohia Corp IPO Limited

Lohia Corp manufactures machinery for technical textiles, specialising in PP and HDPE woven fabric and sacks, commonly known as Raffia. Its portfolio includes tape extrusion lines, circular looms, coating, laminating, printing and converting machines, yarn and monofilament machinery, recycling lines, winders and spare parts. These machines are used for packaging products such as cement, fertiliser, chemical, food grain, FIBC and shopping bags, as well as non-packaging products including tarpaulins, geotextiles, carpet backing, ropes and twine. As of March 31, 2026, the company had an annual installed capacity of 240 tape extrusion lines, 13,800 circular looms and 108,000 winders, with over 2,447 tape extrusion lines, 101,452 circular looms and 502,940 winders sold cumulatively.

The company has international offices in Brazil, Russia, Thailand, the UAE and the USA, supported by warehouses and stockists across multiple countries. It employed 2,010 permanent employees as of March 31, 2026. Although Lohia Corp Limited was incorporated in 2023, the Lohia Group’s manufacturing operations date back to 1981, giving it more than four decades of industry experience. Promoters Raj Kumar Lohia, Gaurav Lohia and Amit Kumar Lohia hold approximately 95.6% of the company before the IPO, which is expected to decline to around 75.2% after the Offer for Sale.

Lohia Corp IPO Financial Performance

• Total income increased from ₹1,386.47 crore in FY25 to ₹1,737.87 crore in FY26, a rise of roughly 25%.
• Profit after tax increased from ₹117.84 crore in FY25 to ₹193.45 crore in FY26, a rise of roughly 64%.
• Total assets increased from ₹967.60 crore in FY25 to ₹1,304.66 crore in FY26.
• Reserves and surplus increased from ₹358.14 crore in FY25 to ₹519.16 crore in FY26.
• Total borrowings declined from ₹212.16 crore in FY25 to ₹152.78 crore in FY26.
• EBITDA increased from ₹228.60 crore in FY25 to ₹339.45 crore in FY26.

Source: RHP/DRHP financials for Lohia Corp Limited.

Lohia Corp IPO Key Strengths

1. End-to-end product portfolio: Covers the entire value chain for the woven fabrics and Raffia industry, from conceptualisation through to commissioning.
2. Advanced manufacturing infrastructure: Multiple manufacturing facilities, experience centres, training centres, and R&D facilities in India and abroad, supported by backward integration.
3. Technology-driven operations: R&D-focused approach aimed at continuous improvement in machinery and solutions.
4. Market leadership: Positioned as a market leader in India and among the leading global manufacturers of woven raffia machinery.
5. Diverse global customer relationships: Long-standing engagements with customers across multiple countries and end-use industries.

Lohia Corp IPO Key Weaknesses

1. Entirely an Offer for Sale: All ₹1,102.08 crore raised goes to the selling shareholders — the company itself receives no proceeds from this IPO, and there is no stated capital expenditure or debt-reduction plan funded by the issue.
2. Geographic concentration of manufacturing: Facilities located in India, the USA, and Italy expose the business to disruption from natural calamities, political unrest, and economic or policy changes in those geographies.
3. High industry competition: Faces competition from domestic and international machinery manufacturers; an inability to keep pace with technology, quality, and pricing expectations could affect growth.
4. Capacity utilisation risk: Manufacturing capacity could be underutilised if customer demand slows or industry conditions weaken.
5. Elevated valuation multiples: At the upper price band, the issue is priced at a P/E of 23.21 and a Price/Book ratio of 8.61.

Lohia Corp IPO Review: Our Take

Lohia Corp operates in a specialised, technology-driven segment of industrial machinery manufacturing, with a global customer base and a broad product portfolio serving the woven fabric and Raffia industry. Between FY25 and FY26, the company reported growth in revenue and profit, alongside a decline in total borrowings — a combination that points to improving operating performance and a stronger balance sheet.

At the same time, the entire issue is an Offer for Sale, so none of the funds raised will be deployed into the business itself, and the company's performance remains exposed to competition and geographic concentration in its manufacturing base. Investors should review the financials, subscription levels, and risk factors disclosed in the RHP before making an investment decision.

Investors should review the financials, peer valuations, and their own risk appetite before making a decision. This content is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered investment advisor before applying.

Lohia Corp IPO Allotment Status

Allotment is tentatively expected around July 28, 2026, with listing tentatively scheduled for July 30, 2026 on BSE and NSE. Once finalised, check your status via:

• The IPO Ji app or website
• BSE or NSE websites

You'll need your PAN, application number or Demat account details.

Check the Lohia Corp IPO allotment status on IPO Ji for quick updates.

How to Apply for Lohia Corp IPO on IPO Ji

1. Open the IPO Ji App (Play Store/App Store) or visit ipoji.com.
2. Search for Lohia Corp IPO.
3. Review the price band, lot size and dates.
4. Select your Demat account and enter the number of lots.
5. Submit using your registered UPI ID and approve the mandate before the deadline.

The application amount stays blocked in your account and is debited only on allotment. ASBA via net banking or a supported broker also works.

This article is for informational purposes only and should not be construed as investment advice. Investors are advised to read the RHP/DRHP carefully and consult a registered financial advisor before applying to any IPO.