Lohia Corp launched its initial public offering (IPO) subscription on July 23, 2026, with the issue open until July 27. The IPO is priced in a band of ₹404-425 per equity share, with a face value of Re 1 and a lot size of 35 shares. The company has already secured ₹492 crore from anchor investors, indicating strong demand, according to livemint.com.
The IPO is structured entirely as an Offer for Sale, meaning Lohia Corp will not raise any fresh capital through this issue. The strong anchor investor subscription before the public opening signals confidence in the company's valuation and prospects. The grey market premium (GMP) suggests an expected listing gain of around 8%, reflecting positive market sentiment ahead of the subscription period, as reported by livemint.com.
This IPO comes at a time when the Indian market is seeing increased activity in the manufacturing and industrial sectors, where Lohia Corp operates. The ₹492 crore anchor investment places it among notable recent IPOs with strong pre-subscription interest. The price band and lot size are designed to attract retail and institutional investors alike, positioning the IPO as a significant event in the mid-cap segment, according to livemint.com.
The subscription window will close on July 27, after which the company will announce the final allotment. Investors will watch the listing day closely to see if the anticipated 8% gain materializes, setting a benchmark for similar IPOs in the sector this year, per livemint.com.