Lohia Corp IPO: Issue receives modest response on Day 1, subscribed 0.40 times; GMP signals muted listing

Lohia Corp's maiden IPO saw modest demand on Day 1, getting subscribed 0.40 times with 56.8 lakh bids against 1.43 crore shares offered; retail segment was subscribed 0.68 times, QIBs 0.43 times, and NIIs 0.15 times. The entire issue is an offer for sale of up to 2.59 crore shares at a price band of about ₹404 to ₹425, with anchor investors having committed ₹492.1 crore earlier. Grey market premium of around ₹36 per share indicates an estimated listing near ₹461, a premium of about 8.4 percent over the upper price band, with tentative listing scheduled for July 30 on NSE and BSE.