New Delhi, 20 July (H.S.): Lohia Corp, a company manufacturing machinery and allied equipment for the textile industry, has announced the price band and size of its upcoming Initial Public Offering (IPO). The company has fixed the IPO price band at Rs 404 to Rs 425 per share, with a lot size of 35 shares. The total issue size stands at Rs 1,102.08 crore.

The IPO will open for subscription on July 23, and investors can place their bids until July 27. The share allotment process will be completed on July 28, while the allotted shares will be credited to investors’ demat accounts on July 29. The company’s shares are expected to be listed on the BSE and NSE on July 30.

Retail investors can apply for a minimum of one lot, comprising 35 shares, which requires an investment of Rs 14,875 at the upper price band. They can also bid for a maximum of 13 lots, or 455 shares, by investing up to Rs 1,93,375.

Under the IPO, a total of 2,59,31,407 equity shares with a face value of Rs 1 each will be offered through the Offer for Sale (OFS) route.

In the IPO allocation, a minimum of 75 per cent of the issue has been reserved for Qualified Institutional Buyers (QIBs). Retail investors have been allocated a maximum of 10 per cent, while Non-Institutional Investors (NIIs) have been reserved a maximum of 15 per cent of the issue.

Equirus Capital Limited has been appointed as the Book Running Lead Manager for the issue, while MUFG Intime India Private Limited will act as the registrar.

According to the Draft Red Herring Prospectus (DRHP) submitted to market regulator Securities and Exchange Board of India (SEBI), Lohia Corp’s financial performance has strengthened consistently in recent years.

The company reported a net profit of Rs 117.84 crore in the financial year 2024-25, which increased to Rs 193.45 crore in FY 2025-26.

The company also recorded growth in revenue during the period. Its total revenue rose from Rs 1,386.47 crore in FY 2024-25 to Rs 1,737.87 crore in FY 2025-26.

During the same period, the company managed to reduce its debt burden. Its outstanding debt declined from Rs 212.16 crore at the end of FY 2024-25 to Rs 152.78 crore in FY 2025-26.

The company’s reserves and surplus also improved, increasing from Rs 358.14 crore in FY 2024-25 to Rs 519.16 crore in FY 2025-26.

Lohia Corp’s EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) rose from Rs 228.60 crore in FY 2024-25 to Rs 339.45 crore in FY 2025-26, reflecting improved operational performance.

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Hindusthan Samachar / Jun Sarkar