Lohia Corp's initial public offering (IPO), which was open from July 23 to 27, was subscribed 7.25 times, signaling strong investor interest ahead of its stock market debut on July 30. The IPO is an offer-for-sale (OFS) involving the sale of 2.59 crore shares, with an estimated listing price of ₹442.5 per share, according to livemint.com.
The IPO attracted robust demand from investors during the three-day bidding period, with retail bids starting at ₹14,875. The strong subscription rate reflects positive market sentiment for Lohia Corp, which is set to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The grey market premium (GMP) indicated potential listing gains of over 4%, further highlighting investor confidence.
This subscription level places Lohia Corp among the well-subscribed IPOs in the current market environment, underscoring investor appetite for shares in established companies. The OFS structure allowed existing shareholders to monetize their holdings, a common approach in recent Indian IPOs. The estimated listing price and GMP suggest that the stock could see a positive debut, consistent with other IPOs that have attracted strong retail and institutional interest.
Lohia Corp is scheduled to list on the BSE and NSE on July 30, with shares expected to open at around ₹442.5, reflecting the strong subscription and GMP signals. The IPO raised significant attention during its subscription window, marking a notable event in the Indian IPO calendar this month.