Kanpur-based Lohia Corp will launch its IPO on July 23 via an Offer for Sale of 2.59 crore shares. As a pure OFS, all proceeds go to existing shareholders, with a listing expected by July 30. Investors will focus on the company's 40.7% market share in the Indian woven Raffia machinery segment and recent financial growth.
Lohia Corp, a manufacturer of technical textile machinery, is set to enter the public market with its Initial Public Offering (IPO) opening for subscription on July 23, 2026. The issue consists entirely of an Offer for Sale (OFS) of 2.59 crore equity shares by its promoters. Because this is a pure OFS, the company will not receive any fresh capital from the offering, and all proceeds will be paid to the selling shareholders. The company previously filed its draft documents in August 2025 and received approval from the Securities and Exchange Board of India (SEBI) in December 2025.
IPO Timeline and Allocation
Anchor investors will have the opportunity to bid for shares on July 22, one day before the issue opens for the public. The subscription window for retail and institutional investors will remain open from July 23 to July 27. The company expects to finalize the share allocation on July 28, with the stock scheduled to debut on the exchanges by July 30. The offer reserves 75 percent of the shares for Qualified Institutional Buyers, 15 percent for Non-Institutional Investors, and 10 percent for retail investors. Additionally, the company has set aside 2 lakh equity shares specifically for its employees.
Business Model and Financials
The company is a significant player in the technical textile machinery sector, specializing in equipment like tape extrusion lines, circular looms, and lamination machinery. It serves the polypropylene and high-density polyethylene woven fabric markets. According to company data, it holds an estimated 40.7 percent market share in India's woven Raffia machinery segment. Financially, the company reported strong growth for the fiscal year 2026, with revenue rising 24.7 percent to Rs 1,717 crore and profit increasing 64.2 percent to Rs 193.5 crore compared to the previous year.
Competitive Landscape and Considerations
Investors comparing the company to peers may note that Lohia Corp operates in the niche machinery space alongside other domestic manufacturers like Lakshmi Machine Works and Rajoo Engineers. A key difference for investors to evaluate is that Lohia Corp’s offering is an OFS, which means shareholders are providing an exit to promoters rather than raising funds for internal expansion. As with any machinery manufacturer, future performance will depend on the demand for woven sacks and technical textiles, as well as the company’s ability to manage raw material costs. Investors may monitor future disclosures regarding capacity utilization and the order book to understand how the company plans to maintain its profit margins in the coming years.