Lohia Corp IPO Day 1: Issue opens today. GMP hints 8% listing gain. Should you apply or skip?

Lohia Corp's IPO opened for subscription on 23 July 2026 at a price band of Rs 404-425 per share, with a lot size of 35 shares. The company raised Rs 492 crore from anchor investors, and the entire issue is an Offer for Sale of over 2.59 crore shares, meaning no fresh capital will flow into the business. Grey market premium of Rs 36 indicates an estimated listing gain of around 8.47 percent, while brokerages Swastika Investmart and Kantilal Chhaganlal Securities have recommended subscribing for the long term, citing the company's 80 percent plus India market share and 17.5 percent global share in raffia machinery.