Lohia Corp’s Rs. 1,101 crore initial public offering continued to witness encouraging investor participation on the second day of bidding. The issue attracted demand from retail investors as well as qualified institutional buyers, reflecting confidence in the company’s strong position in the technical textile machinery segment. The IPO is priced in the band of Rs. 404–425 per share and will close later this week. (m.economictimes.com)
Lohia Corp exports machinery to more than 90 countries and enjoys a strong presence in the global woven polypropylene machinery market. Analysts believe its export-oriented business, established customer base and consistent financial performance make it a notable offering in the current IPO calendar. However, investors are advised to evaluate valuations and long-term growth potential before making investment decisions.
