Lohia Corp Ltd IPO
Engineering
Price Band
₹404 – ₹425
Lot Size
35
Minimum Bid Quantity
35
Minimum Investment
₹14875
Issue Size
₹1102.08Cr
Opens
2026-07-23
Closes
2026-07-27
Listing
30-07-2026
Subscription Status
Qualified Institutional Buyers
9.11 x
Non-Institutional Investor
6.77 x
Retail Individual Investor
2.61 x
Employees
1.38 x
Total
7.21 x
IPO Details
Issue Type
EQUITY
Face Value
₹1
Tick Size
1
ISIN
INE0QJW01029
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Lohia Corp Limited manufactures machinery and equipment for the technical textiles industry, with a focus on solutions used to produce polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks (Raffia). Its product portfolio includes tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, tape winders, monofilament extrusion lines, recycling machines, and spare parts. The company also manufactures machinery for high-performance fibres and technical monofilaments used across industries such as textiles, agriculture, sports, medical, and defence. It provides end-to-end solutions covering the production lifecycle of woven fabric manufacturing, from concept to commissioning. Lohia Corp operates six manufacturing facilities, including four in India and one each in the United States and Italy, along with a live experience centre, research and development (R&D) centre, and technical training facilities in Kanpur, Uttar Pradesh.
Pros
- • The company claims to be one of the leading manufacturers of woven Raffia machinery globally. According to the Frost & Sullivan Report, it held a 15.4% share of the global woven Raffia machinery market by value in 2024 and a 40.7% share of the domestic woven Raffia machinery market by value in FY25. It has also supplied machinery to customers in around 100 countries over the last three financial years.
- • The company claims to offer an end-to-end product portfolio for the woven fabric manufacturing ecosystem. Its product range includes tape extrusion lines, circular looms, coating and lamination lines, printing and conversion machines, multifilament yarn machines, recycling machines, monofilament extrusion lines, and spare parts. It also provides consultancy, installation, training, commissioning, and after-sales support.
- • The company claims to have an extensive manufacturing and technical infrastructure. It operates six manufacturing facilities across India, the United States, and Italy, along with a live experience centre, an R&D centre, a digital innovation centre, and dedicated technical training facilities in Kanpur. The company also claims to have significant backward integration through in-house production of components such as motors, controllers, inverters, printed circuit boards, and sheet metal parts.
Cons
- • The company derives a significant portion of its revenue from woven Raffia machinery. Revenue from woven Raffia machines contributed Rs 1,513.70 crore (88.16%) in FY26, Rs 1,201.71 crore (87.28%) in FY25 and Rs 998.92 crore (85.68%) in FY24. Slowdown in the woven Raffia machinery market or in its end-use industries, such as agriculture, construction, packaging, and technical textiles, or any adverse changes in government policies relating to packaging materials could adversely affect the company’s business, financial performance, and cash flows.
- • The company depends on imported raw materials and components for its manufacturing operations. Imported raw materials accounted for Rs 155.14 crore (16.06% of raw material costs) in FY26, Rs 113.71 crore (14.84%) in FY25, and Rs 101.06 crore (15.09%) in FY24, with a significant portion sourced from countries such as Switzerland, the United States, Singapore, China, and Germany. Any adverse changes in import regulations, customs duties, tariffs, exchange rates, or disruptions in supply from these countries could increase procurement costs and adversely affect the company’s manufacturing operations and financial performance.
- • The company has reported negative operating cash flow in the past. It recorded negative cash flow from operating activities of Rs 0.01 crore in FY24 (standalone), primarily due to liabilities before the demerger becoming effective, while it generated positive operating cash flows of Rs 141.28 crore in FY25 and Rs 325.16 crore in FY26. Positive operating cash flow in the future is important for funding the company’s growth plans without resorting to borrowings.
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