Lohia Corp fixes price band for Rs 1,101 crore IPO; issue opens July 23

Lohia Corp has fixed a price band of Rs 404-425 per share for its Rs 1,101 crore IPO, which opens on July 23 and closes with allotment on July 28, with listing expected on July 30 on the NSE and BSE. The issue is entirely an Offer for Sale of over 2.59 crore equity shares from promoter and existing shareholders, meaning the company will not receive any funds. Equirus Capital is the book-running lead manager and MUFG Intime India is the registrar. The company reported FY26 net profit of Rs 193 crore, up 64 percent year-on-year, on revenue of Rs 1,717 crore, up 25 percent.