Sanjay Bambhaniya · Jul 18, 2026

Lohia Corp IPO Review | APPLY or AVOID?

Mainboard Book Build Open

Engineering - Heavy Machinery

NSE BSE

Price Band

₹404 - ₹425

Issue Size

₹1,101 Cr

Lot Size

Min. Investment

₹14,875

Live GMP ₹11

2.59% Est. Listing: ₹436

SIP Calc Compare

IPO Timeline

DRHP FILED August 12, 2025

OPEN July 23, 2026

CLOSE July 27, 2026

ALLOTMENT July 28, 2026

LISTING July 30, 2026

IPO DETAILS REVIEW GMP SUBSCRIPTION ALLOTMENT STATUS

Lohia Corp IPO Review

Lohia Corp started in 2023. It operates in the Engineering – Heavy Machinery industry and provides machinery and equipment for technical textiles to its customers across the globe. This business is based in Kanpur, Uttar Pradesh. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Lohia Corp Ltd. shows rapid growth but the company will not receive any fresh funds from this offer for sale.

Strengths & Risks

Strengths

Firm holds massive domestic market share

Operations deliver full lifetime machine ecosystem

Manufacturing setup spans multiple global locations

Entity exports machinery to hundred countries

Business holds strong intellectual property portfolio

Financial performance records high profit growth

Return metrics show strong balance sheet

Company maintains large unexecuted order book

8 Strengths Competitive Edge

Weaknesses

Revenue depends heavily on single product

Pure secondary offer provides no funds

Operations import key components from abroad

Customer demand depends on sector cycles

Business shows inconsistent domestic sales mix

Firm faces foreign currency market risks

Restructured subsidiaries recorded past financial losses

Operations carry high contingent liability risks

8 Weaknesses Monitor Closely

Financial Update

The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹1386.47 crore increased from ₹1173.60 in previous year. The net profit for the same period was ₹117.84 crore increased from ₹29.76 in previous year. Financial metrics moved upward significantly post business consolidation. Total operating margins expanded nicely over recent years. Net profit margins doubled during the latest reporting period. This trend should be carefully studied prior to any investment.

IPO Valuation

The upper price band is ₹425. This price leads to a Price-to-Earnings (P/E) ratio of 23.21 based on FY26 earnings. The average P/E for the industry is 65.85. The asking valuation appears fully priced based on latest earnings. Strong profit margins provide safety for long-term investors. Higher returns on equity support current valuation.

IPO Objective

Company will use Offer proceeds to meet stated objectives:

Provide exit route for existing selling stakeholders (₹1102.08 crore)

Promoters & Lead Manager

Promoters Raj Kumar Lohia, Gaurav Lohia, and Amit Kumar Lohia possess extensive engineering business background
Lead managers Equirus Capital Ltd. and Motilal Oswal Investment Advisors Ltd. possess deep public issue handling expertise
MUFG Intime India Pvt.Ltd. is the registrar.

Peer Comparison

Below is the comparison of the company with its listed peers using data from July 20, 2026. Listed peers operate across different capital equipment areas. Direct comparison is limited for retail investors.

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹ per share)	P/E (x)	RoNW (%)
Lohia Corp	18.31	18.31	49.37	–	72.95
Rajoo Engineers	2.74	2.74	19	18.27	14.16
LMW	122.37	122.37	2,683	134.25	4.56
Mamata Machinery	6.12	6.12	75	62.07	8.13
Jyoti CNC Automation	14.78	14.78	88	54.6	16.79
Windsor Machines	0.08	0.06	56	–	0.13

IPO Review & Analyst Rating

The company manufactures specialized technical textile machinery worldwide. Operations show healthy growth across key operating parameters.

Analyst Name	Recommendation
Swastika Investmart / Overall	Medium to Long Term
	–
–	–

Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.

Sanjay Bambhaniya

Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.

Discussion & Feedback

0 Comments

No comments yet. Be the first to share your thoughts!