Lohia Corp Limited has raised ₹492.1 crore from anchor investors ahead of its initial public offering (IPO), which opens on July 23, 2026. The company has set the price band for the IPO at ₹404-425 per equity share, with a face value of Re 1. Over 1.15 million shares have been allocated to various anchor investors, according to livemint.com.
The anchor investors' commitment was secured prior to the IPO opening, demonstrating strong institutional interest in Lohia Corp. The company, a leading manufacturer of machinery and equipment for technical textiles, fixed the price band to balance investor demand and market conditions. The allocation of more than 1.15 million shares to anchor investors was part of the pre-IPO placement process to ensure a successful public offering, as reported by livemint.com.
This fundraising round is significant as it positions Lohia Corp to expand its operations and strengthen its market presence in the technical textiles sector. The ₹492.1 crore raised from anchor investors reflects confidence in the company's growth prospects. Comparable IPOs in the machinery and textile equipment segment have seen similar institutional backing, underscoring the sector's appeal to investors, according to livemint.com.
The IPO subscription will open on July 23, 2026, allowing retail and other investors to participate. The final allotment and listing dates will be announced following the close of the subscription period. Lohia Corp’s successful anchor investor funding sets a strong foundation for the public offering, as detailed by livemint.com.