Lohia Corp will open its IPO for public bidding on July 23, featuring a total offer of over 2.59 crore shares, with significant financial growth reported ahead of the launch.
New Delhi, India Jul 18, 2026 ALN: Lohia Corp is preparing to launch its initial public offering (IPO) next week, with the public bidding for the manufacturer of machinery used in the production of technical textiles set to commence on July 23. Investors will have the opportunity to submit bids until July 27. This IPO represents a critical moment for Lohia Corp, as it seeks to expand its reach and capitalize on the growing demand for technical textiles in various industries.
The IPO consists entirely of an offer for sale (OFS) of over 2.59 crore shares by promoters and other shareholders, as detailed in the Draft Red Herring Prospectus (DRHP) filed recently. This structure means that the proceeds from the IPO will not benefit the company directly, as they will be received by the selling shareholders. The OFS model is often used by companies looking to provide liquidity to existing shareholders, while also allowing them to exit part of their investment. This approach can be particularly appealing in family-owned businesses, where long-standing stakeholders may wish to diversify their portfolios or realize gains from their investments.
The IPO will open for anchor investors on July 22. Equirus Capital and Motilal Oswal Investment Advisory are acting as the book-running lead managers for the issue. The equity shares of Lohia Corp will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), two of the largest stock exchanges in India. Listing on these platforms is crucial for enhancing the visibility of the company and attracting a broader range of investors. A successful listing can also bolster investor confidence in the company’s future growth prospects.
Promoters participating in the OFS include:
Other selling shareholders include:
The involvement of multiple family members as promoters highlights the company's family-owned business structure, which is common in many Indian enterprises. This familial connection often instills a sense of trust among investors, as these stakeholders are typically deeply invested in the company's long-term success. Family-run businesses in India often benefit from strong governance structures, as family members are likely to prioritize the company's reputation and sustainability over short-term gains.
Lohia Corp has reported a net profit of Rs 193 crore for the financial year ending March 31, 2026, marking a remarkable 64% year-on-year increase from Rs 118 crore in FY25. The company also saw its revenue from operations rise by approximately 25% year-on-year to Rs 1,717 crore in FY26, up from Rs 1,377 crore in FY25. This impressive financial performance is indicative of the company's robust operational capabilities and its strategic positioning within the technical textiles market.
As a manufacturer of machinery and equipment used in the production of technical textiles, Lohia Corp specializes in producing polypropylene and high-density polyethylene woven fabric and sacks. The technical textiles sector has been experiencing significant growth due to increasing applications across various industries, including agriculture, automotive, construction, and healthcare. This trend is expected to drive further demand for Lohia Corp's products, positioning the company well for future growth. The increasing awareness of sustainability has also led to a surge in demand for eco-friendly materials, which Lohia Corp is well-positioned to supply.
The primary market is expected to remain active next week, with five IPOs opening for subscription and four IPOs scheduled to list on the exchanges. Investors will be particularly focused on Xtranet Technologies and Cube Highways Trust InvIT, which are the mainboard offerings set to open next week. Additionally, several SME issues will also enter the market. The listing of SBI Funds Management, Millworks Technologies, and Alpine Texworld will also be closely monitored after their IPOs close this week. This flurry of activity in the IPO market indicates a renewed investor interest and confidence in the Indian equity , which have seen a resurgence following a period of volatility. The overall market sentiment appears to be improving, attributed to favorable indicators and government policies aimed at boosting growth.
In conclusion, Lohia Corp's IPO presents a significant opportunity for investors, especially given the company's strong financial performance and the active IPO landscape in the coming week. The strategic timing of the IPO, coupled with the company's solid fundamentals, may attract a diverse range of investors, from institutional players to retail investors. As the market continues to evolve, Lohia Corp's entry into the public domain could pave the way for further growth and innovation in the technical textiles sector, ultimately contributing to the broader landscape in India.
Moreover, the success of Lohia Corp's IPO could have implications beyond just the company itself. A successful offering may encourage other companies in the technical textiles and machinery sectors to consider going public, thereby enhancing competition and innovation within the industry. Additionally, increased investor participation in such IPOs can lead to greater liquidity in the market, benefiting all stakeholders involved. The ripple effects of a successful IPO can also inspire confidence among new investors, potentially leading to increased capital inflow into the sector. As companies in related fields seek to capitalize on the momentum generated by Lohia Corp's offering, the technical textiles market may see accelerated growth, benefiting both producers and consumers alike.
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