Lohia Corp has announced the price band for its Rs. 1,101 crore initial public offering, which is scheduled to open for public subscription on July 23. The company has fixed the price band at Rs. 404–425 per share, while anchor investors will participate a day before the public issue opens.
The company is among the world’s leading manufacturers of machinery used in the technical textile industry and exports its products to several countries. Investors are expected to closely evaluate the company’s financial performance, export business and long-term growth prospects before subscribing to the issue. Analysts believe the IPO will be one of the key offerings in the current primary market calendar.
