Lohia Corp IPO Day 1 Live: ₹1,101 Crore Issue Opens For Subscription, Retail Investors Lead Early Bids

Mumbai, July 23: Lohia Corp IPO opened for subscription on Thursday, marking the start of bidding for the ₹1,101.28 crore public issue. In the first few hours of Day 1, investor participation remained measured, with the IPO subscribed 0.03 times as of 10:30 AM, while retail investors accounted for most of the early demand.

The book-built issue will remain open for bidding until July 27, giving investors three more trading sessions after today to place their applications. As is typically seen on the opening day of large mainboard IPOs, subscription figures are expected to build gradually over the remaining bidding period.

Retail Investors Make An Early Start

Initial subscription data showed retail investors taking the lead during the morning session, while institutional participation was yet to pick up.

The Retail Individual Investors (RII) category was subscribed 0.15 times, the Employee portion received 0.05 times subscription, while the NII category was subscribed 0.01 times. The QIB (Ex Anchor) segment had not received bids at the time of the update.

Overall, investors had bid for 4,31,935 shares against 1,43,52,274 shares available for subscription, resulting in an overall subscription of 0.03 times.

Lohia Corp IPO Subscription Status Today

As of 10:30 AM on July 23 (Day 1):

• QIB (Ex Anchor): 0.00x
• NII: 0.01x
• bNII: 0.00x
• sNII: 0.03x
• Retail (RII): 0.15x
• Employees: 0.05x
• Overall Subscription:0.03x

With the IPO having opened only this morning, subscription numbers are expected to evolve steadily over the course of the day as more bids are received.

Lohia Corp IPO Details

Lohia Corp is looking to raise ₹1,101.28 crore through an Offer for Sale (OFS) of 2,59,31,407 equity shares. Since the issue is entirely an OFS, the company will not receive any proceeds from the public offering, with the funds going to the selling shareholders.

The IPO has a price band of ₹404 to ₹425 per share.

Retail investors can bid for a minimum of 35 shares, requiring an investment of ₹14,875 at the upper end of the price band. The minimum investment for S-HNI applicants is 490 shares, amounting to ₹2,08,250, while B-HNI investors need to apply for at least 2,380 shares, requiring an investment of ₹10,11,500.

Issue Reservation

The net issue has been reserved as follows:

• QIB: 75%
• NII: 15%
• Retail: 10%

Additionally, 2,00,000 shares have been reserved for eligible employees, who are also offered a ₹40 per share discount.

Key IPO Dates

• IPO Opens: July 23 2026
• IPO Closes: July 27 2026
• Expected Allotment: July 28 2026
• Expected Refunds: July 29 2026
• Expected Credit of Shares: July 29 2026
• Tentative Listing: July 30 2026

About Lohia Corp

Lohia Corp Limited is a global manufacturer of machinery and equipment used in the technical textiles industry, particularly for producing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks. The company supplies machinery to customers across domestic and international markets and has built a presence in sectors such as packaging, infrastructure, agriculture and industrial applications.

Conclusion

Lohia Corp IPO has made a quiet start on its opening day, which is not unusual for a large mainboard issue. Retail investors have provided the initial momentum, while institutional and high-net-worth participation is expected to gather pace over the remaining days of the subscription window. Investors will continue to track bidding activity as the issue progresses toward its July 27 closing date.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/lohia-corp-ipo-anchor-list.pdf