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Listed
Industrial Manufacturing
Lohia Corp Limited IPO
₹1101 Cr · Offer for Sale (OFS) · Industrial Manufacturing
Price Band
₹404 – ₹425
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹1101 Cr
Offer for Sale (OFS)
Market Cap
₹4490.13 Cr
At upper band
P/E Ratio
23.2x
P/S: 2.6x
Listing Date
30 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
23 Jul 2026
✓
Closes
27 Jul 2026
✓
Allotment
28 Jul 2026
✓
Refund
29 Jul 2026
✓
Listing
30 Jul 2026
IPO India Hub: Subscribe
Conviction
7/10
The company trades at 1.01× the Manufacturing sector midpoint with strong operational metrics: 40.92% ROCE, 19.53% EBITDA margin, and 2-year revenue CAGR of 1475.6%. The main risk is that 100% of the IPO is OFS (promoter selling), which signals no fresh capital raise for growth.
Listing Performance
Issue Price
₹425
Allotment price
Listing Price
₹460
+8.24% on listing day
Current Price (CMP)
₹553.15
+30.2% vs issue
Listed On
30 Jul 2026
BSE & NSE
Our Analysis — Key Points
✓ Strength
Exceptional capital efficiency metrics
ROCE of 40.92% and EBITDA margin of 19.53% demonstrate strong operational leverage and asset productivity. These metrics place the company well above typical manufacturing peers and indicate disciplined capital deployment.
✓ Strength
Explosive revenue and profit growth
2-year revenue CAGR of 1475.6% and PAT CAGR of 595.4% reflect rapid scaling from a ₹7 Cr base (FY-2) to ₹1737.9 Cr (FY0). This trajectory suggests strong market demand and operational execution.
⚠ Risk
100% OFS with no fresh capital
The entire ₹1101 Cr issue is Offer for Sale; the company raises zero new funds for expansion, debt reduction, or working capital. This limits the IPO's strategic value and suggests promoters are primarily monetizing rather than funding growth.
⚠ Risk
Margin compression risk at scale
NPM of 11.1% is below the 15% threshold and lags the EBITDA margin of 19.53%, indicating rising operating costs or tax burden as revenue scales. Sustaining profitability growth at current pace may face headwinds.
₹ Valuation
Fair valuation at sector midpoint
P/E of 23.2× equals 1.01× the Manufacturing/Engineering sector midpoint (18–28× range), placing the company squarely at fair value. P/S of 2.6× is reasonable given the high growth profile and 40.92% ROCE.
👁 Watch
Post-listing capital allocation clarity
Monitor management commentary on how the company will deploy retained earnings and whether it plans debt-funded capex or M&A. Promoter holding drops from 89% to 68.66%, so track insider buying/selling signals.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Lohia Corp Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹1716.99 Cr
Net Profit
₹193.45 Cr
Industry
Industrial Manufacturing
Issue Type
Offer for Sale (OFS)
Promoters
RAJ KUMAR LOHIA, GAURAV LOHIA AND AMIT KUMAR LOHIA
Lead Managers
Equirus Capital & Motilal Oswal Investment Advisors
Quick Actions
Frequently Asked Questions
Subscribe. The company trades at 1.01× the Manufacturing sector midpoint with strong operational metrics: 40.92% ROCE, 19.53% EBITDA margin, and 2-year revenue CAGR of 1475.6%. The main risk is that 100% of the IPO is OFS (promoter selling), which signals no fresh capital raise for growth.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
Lot size details will be updated when the DRHP is filed. The price band is ₹404 – ₹425.
The IPO opens on 23 Jul 2026. It closes on 27 Jul 2026. Allotment is expected on 28 Jul 2026. Refunds initiate on 29 Jul 2026. Listing on BSE and NSE is on 30 Jul 2026.
The lead managers for the IPO are Equirus Capital & Motilal Oswal Investment Advisors. Check the SEBI filing for the registrar details.
The IPO listed on 30 Jul 2026 at ₹460 against an issue price of ₹425 (+8.24% on listing day). The current market price (CMP) is approximately ₹553.15 (+30.2% vs issue).
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 27 Jul 2026. The company trades at 1.01× the Manufacturing sector midpoint with strong operational metrics: 40.92% ROCE, 19.53% EBITDA margin, and 2-year revenue CAGR of 1475.6%. The main risk is that 100% of the IPO is OFS (promoter selling), which signals no fresh capital raise for growth.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 27 Jul 2026. The IPO is priced at a P/E of 23.2x. Market cap at issue price is ₹4490.13 Cr. As with all IPOs, please read the DRHP and assess your own risk tolerance before investing.
You can apply via UPI through your broker's trading app (Zerodha, Upstox, Fyers, etc.) or via ASBA through your net banking portal. The issue closes on 27 Jul 2026, so apply before that date. Step 1: Log in to your broker or bank app. Step 2: Go to IPO section and search for 'Lohia Corp Limited'. Step 3: Enter the number of lots and UPI ID. Step 4: Accept the mandate on your UPI app.
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