MediumPositive
Announced Tue, 28 Jul · 09:32 IST
Lohia Corp IPO allotment likely today; GMP hints at modest listing gains. Here is how to check status
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Lohia Corp's Rs 1,101 crore IPO, a complete Offer for Sale with a price band of Rs 404-425, was subscribed 7.25 times overall, with QIB portion booked 9.11 times, NII at 6.82 times, and RII at 2.77 times. The shares are set to list on July 30, with a Grey Market Premium of around Rs 11 indicating estimated listing gains of nearly 3 percent over the upper price. The company, which manufactures technical textiles machinery, reported FY26 revenue of Rs 1,717 crore and net profit of Rs 193 crore, up 25 percent and 64 percent year-on-year respectively.