Lohia Corp Limited IPO
ListedMainboard
7.26×
Subscribed
Price band
₹425 – ₹425
Issue size
₹1.1k Cr
Open – close
23 Jul 2026
to 27 Jul 2026
Listing
30 Jul 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong4 of 7 dimensions read
The disclosed numbers are strong — 3 of 4 signals read positive
Strength83/100
- Priced below its peers23.2× earnings against a peer median of 58.3× — a discount to the issuer's own comparison set
- Out-earns its peersReturn on net worth of 73.0% against a peer median of 8.1%
- Conservative balance sheetDebt/equity of 0.29×
- Institutional book coveredQIB portion subscribed 9.11×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens23 Jul 2026
- Closes27 Jul 2026
- Listing30 Jul 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB9.11x
Non-institutionalNII / HNI6.82x
Big NIIabove ₹10L7.35x
Small NII₹2L – ₹10L5.77x
Retail individualRII2.78x
Employee1.39x
1,91,819 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 27 Jul 2026.
Chance of allotment
Retail2.78× subscribed
~1 in 2.8
Retail is 2.78× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 2.8 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII6.82× subscribed
~1 in 6.8
HNI is 6.82× subscribed. This category is allotted proportionately, so a bid receives roughly 1/6.8 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹425 – ₹425
Total issue size₹1.1k Cr
Listing atMainboard
Company & valuation
P/E at upper band23.21×
Debt / equity0.29×
ROE31.71%
ROCE30.45%
RoNW106.11%
PAT Margin8.50%
EBITDA Margin16.49%
NAV34.83
ISININE0QJW01029
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB Shares Offered | 1,92,98,556 | 74.42% |
| Anchor Investor Shares Offered | 1,15,79,133 | 44.65% |
| QIB (Ex. Anchor) Shares Offered | 77,19,423 | 29.77% |
| NII (HNI) Shares Offered | 38,59,711 | 14.88% |
| bNII > ₹10L | 25,73,141 | 9.92% |
| sNII < ₹10L | 12,86,570 | 4.96% |
| Retail Shares Offered | 25,73,140 | 9.92% |
| Employee Shares Offered | 2,00,000 | 0.77% |
Total issue 2,59,31,407 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Retail (Min)₹14,8751 lot · 35 sh
Retail (Max)₹1,93,37513 lots · 455 sh
S-HNI (Min)₹2,08,25014 lots · 490 sh
S-HNI (Max)₹9,96,62567 lots · 2,345 sh
B-HNI (Min)₹10,11,50068 lots · 2,380 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted1,15,79,133
Anchor portion₹492.11 Cr
Bid date22 Jul 2026
Lock-in ends (50%)26 Aug 2026
Lock-in ends (rest)25 Oct 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01carry out the Offer for Sale of 25,931,407* (subject to finalization of Basis of Allotment) Equity Shares of face value of ₹ 1 each aggregating up to ₹ 11,012.85^ million by the Selling Shareholders of our Companynot stated
- 02achieve the benefits of listing the Equity Shares on the Stock Exchangesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Lohia Corp Limitedthis issue | 18.31 | 23.21 | 49.37 | 72.95% |
| Rajoo Engineers Limited | 2.74 | 18.27 | 19.33 | 14.16% |
| LMW Limited | 122.37 | 134.25 | 2683.25 | 4.56% |
| Mamata Machinery Limited | 6.12 | 62.07 | 75.21 | 8.13% |
| Jyoti CNC Automation Limited | 14.78 | 54.60 | 88.00 | 16.79% |
| Windsor Machines Limited | 0.06 | — | 55.73 | 0.13% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe Company is heavily dependent on the performance of the woven raffia machines market, deriving 88.16%, 87.28% and 85.68% of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively.
mediumThe Company is exposed to fluctuations in the performance of the global and Indian markets for machinery and equipment for woven fabric and sacks.
mediumThe Company's sales volumes, profitability and liquidity are closely tied to the level of agricultural, construction and textiles activity worldwide.
Positives the filing discloses (1)
Low leverage
Debt-to-equity of 0.29x.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+6.1%
Listed up
6 of 8
Best
+65.4%
Orient Cables (India) Limited
Worst
-2.3%
Vishal Nirmiti Limited
Fusion CX Limitedsame segment
4.5× sub+5.5%
HD Fire Protect Limitedsame segment
131.7× sub+23.6%
Nityas Gems and Jewellery Limitedsame segment
2.3× sub+6.7%
Vishal Nirmiti Limitedsame segment
1.7× sub-2.3%
Shah Investor's Home Limitedsame segment
38.1× sub+2.4%
Srit India Limitedsame segment
125.2× sub+13.8%
Runwal Enterprises Limitedsame segment
2.5× sub+0.0%
Orient Cables (India) Limitedsame segment
92.3× sub+65.4%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Lohia Corp Limited IPO subscribed?
Lohia Corp Limited is subscribed 7.26× overall (QIB 9.11×, NII 6.82×, retail 2.78×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Lohia Corp Limited IPO?
The retail portion is subscribed 2.78×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 3. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.