Can Lohia Corp IPO deliver long-term growth for high risk investors?

Kanpur-based Lohia Corp, a maker of woven raffia and related machinery, is heading to the public markets. The company posted 24.7 percent year-on-year growth in revenue to Rs 1,717 crore and a 64.2 percent surge in net profit to Rs 193.5 crore for FY26, with EBITDA margin expanding to 19.5 percent. Order book nearly doubled to Rs 1,358.5 crore while net debt to equity fell to 0.2 times, and the issue is valued at a P/E of about 23 times post-IPO FY26 earnings, which compares with 53-131 times for peers like Jyoti CNC Automation and LMW.