The stock listed at ₹461 on the NSE, a premium of 8.47% over its issue price of ₹425. On the BSE, the shares debuted at ₹460, implying a gain of 8.24%.
Ahead of the listing, Lohia Corp was commanding a grey market premium (GMP) of around ₹17, indicating an expected listing gain of nearly 4%.
The Kanpur-based company had priced its IPO at ₹425 per share, with a lot size of 35 equity shares, raising ₹1,101 crore through its maiden public issue. The IPO was subscribed 7.78 times overall.
On the listing outlook, Shivani Nyati, Head of Wealth at Swastika Investmart, said investors should consider holding the stock for two to three years, citing its export-led business model and strong return-on-equity profile rather than viewing it as a short-term listing play.
Mahesh M Ojha, Vice President of Research at Kantilal Chhaganlal Securities, also recommended that investors who received an allotment hold the stock from a medium- to long-term perspective.
The ₹1,101-crore IPO comprised entirely an Offer for Sale (OFS), with a price band of ₹404-425 per share. Ahead of the issue, the company raised ₹492.1 crore from anchor investors on July 22.
The public issue remained open for subscription from July 23 to July 27 and witnessed healthy demand across investor categories. The Qualified Institutional Buyer (QIB) portion was subscribed 10.1 times, while the Non-Institutional Investor (NII) category was booked 6.82 times. The Retail Individual Investor (RII) segment was subscribed 2.77 times.
Lohia Corp manufactures machinery and equipment used in the production of technical textiles, particularly for polypropylene (PP) and high-density polyethylene (HDPE) woven fabrics and sacks.
As of March 31, 2026, the company had an installed annual manufacturing capacity of 240 tape extrusion lines, 13,800 circular looms and 108,000 winders. Its product portfolio includes tape extrusion lines, circular looms, coating and lamination systems, printing and conversion machines, multifilament yarn machinery, recycling equipment and related spare parts.
The company enters the public markets on the back of a strong financial performance. For FY26, net profit jumped 64% year-on-year to ₹193 crore, while revenue from operations rose 25% to ₹1,717 crore, reflecting healthy business momentum.
