Lohia Corp IPO Day 3: GMP holds at 2%; Check subscription status and key details

Lohia Corp's maiden IPO of Rs 1,101 crore, a pure Offer for Sale at Rs 404-425 per share, was subscribed 59 percent by end of Day 2, with retail investors at 1.08 times, NIIs at 42 percent and QIBs at 51 percent. Grey market premium stood at Rs 7 over the upper price band, implying an estimated listing price of about Rs 432. The company reported FY26 net profit of Rs 193 crore (up 64 percent YoY) on revenue of Rs 1,717 crore (up about 25 percent YoY); shares are likely to list on NSE and BSE on July 30.