Lohia Corp IPO
Lohia Corp IPO is a mainboard IPO raising ₹1,101 Cr at ₹404 – ₹425 a share. The smallest application you can make is 35 shares, costing ₹14,875 at the top of the band. Bidding has closed; the shares list on 30 Jul 2026. So far it has been subscribed 7.25× in total.
7.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
100% of this issue is existing shareholders cashing out. Only ₹0 Cr reaches the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs425 + fresh by subtraction from exchange total Rs1101 Cr. Checked: exchange issue size Rs1101 Cr vs derived Rs1102.1 Cr (0.1% apart).
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 60% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Rajoo Engineers Limited | 18.27× | 14.16% | ₹2.74 |
| LMW Limited | 134.25× | 4.56% | ₹122.37 |
| Mamata Machinery Limited | 62.07× | 8.13% | ₹6.12 |
| Jyoti CNC Automation Limited | 54.6× | 16.79% | ₹14.78 |
| Windsor Machines Limited | — | 0.13% | ₹0.06 |
| This issue | 23.2× | 72.95% | ₹18.31 |
derived: cut-off price Rs425 / stated EPS Rs18.31 (FY26 (year ended March 31, 2026) diluted EPS from Restated Financial Information). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.