Lohia Corp is set to open its Rs. 1,101 crore IPO for public subscription on July 23 after completing the anchor investor allocation. The company has fixed the price band at Rs. 404–425 per share, and the issue will remain open until July 27. The IPO is entirely an Offer for Sale (OFS), with existing shareholders divesting part of their holdings.
Lohia Corp is among the world’s leading manufacturers of machinery used in technical textiles and packaging industries, with exports contributing significantly to its revenue. Analysts expect healthy institutional participation, although they advise investors to evaluate valuations, earnings growth and long-term business prospects before making investment decisions.
