Lohia Corp’s Rs. 1,101 crore IPO has opened for subscription today with a price band of Rs. 404–425 per share. The issue, which is entirely an Offer for Sale (OFS), has attracted considerable attention from institutional and retail investors. According to market sources, the grey market premium suggests a possible listing gain of nearly 9%, indicating healthy investor interest ahead of the issue’s closure.
Lohia Corp is among the world’s leading manufacturers of machinery used in the technical textile industry and exports its products to more than 90 countries. Analysts believe the company benefits from its global presence, strong manufacturing capabilities and healthy order pipeline. However, they recommend investors focus on long-term business fundamentals rather than short-term listing expectations while making investment decisions.
