Lohia Corp IPO

About the company

Lohia Corp is one of the leading global manufacturers of machinery used in the technical textiles industry. The company mainly focuses on machines used for manufacturing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks, commonly known as the Raffia segment. The company held a 15.4% share of the global woven Raffia machinery market by value in 2024. It is also the market leader in India with a 40.7% market share by value in FY25 as per an industry report. The company had an annual installed capacity of 240 tape lines, 13,800 circular looms, and 108,000 tape winders, as of March 2026. Incorporated in June 2023, Lohia Corp took its current form after a scheme of arrangement, under which the technical textile machinery business of Lohia Trade Services Limited (earlier known as Lohia Corp Limited), along with investments in five subsidiaries, was transferred to the company. As part of the restructuring, Kanpur Packaging Machines Limited was renamed Lohia Corp Limited, while the earlier Lohia Corp Limited was renamed LTS Holdings Private Limited. The business was originally established in 1981 as a joint venture between the Lohia Group and Maschinenfabrik Starlinger & Co., Austria. The company launched its first product, circular looms, in 1983, followed by tape extrusion lines in 1984 through a technical collaboration with Windmöller & Hölscher, Germany. The company manufactures tape extrusion lines, circular looms, coating and lamination machines, printing machines, conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, recycling machines and spare parts, which makes it an end-to-end solutions provider from concept to commissioning for customers in the Raffia industry. The company operates six manufacturing facilities. Four are located in India: two in Kanpur, Uttar Pradesh, and two in Bengaluru, Karnataka, while the remaining two are located in Burlington, North Carolina (USA) and Como, Italy. It also operates a live experience centre in Kanpur where Flexible Intermediate Bulk Containers (FIBCs) are manufactured. Domestic sales contributed 57.82% of revenue from operations in FY26, while overseas markets contributed 42.18%. Among overseas markets, MENA contributed the largest share of revenue in FY26 at 12.22%, followed by Asia Pacific (excluding India) at 10.37%, Africa at 7.93% and North and South America at 6.61%. Within India, Gujarat remained the largest market, contributing 13.16% of revenue from operations, followed by Rajasthan at 7.71% and Uttar Pradesh at 7.45%. Among product categories, circular looms contributed the largest share of revenue at 33.28% in FY26, followed by tape extrusion lines at 20.30% and other machines and equipment at 17.03%. The order book also grew to ₹1,358.52 crore as of March 31, 2026, compared with ₹828.46 crore as of March 31, 2025. The company served more than 2,000 customers globally in each of FY26, FY25 and FY24. The top ten customers contributed 12.63%, equivalent to ₹216.58 crore in FY26. Capacity utilisation improved across most product categories between FY24 and FY26. Utilisation of tape extrusion lines increased from 29.58% to 49.58%, tape winders from 21.33% to 32.07%, and circular looms from 21.07% to 39.82%. Bag conversion machines continued to be highly utilised, rising from 81.25% in FY24 to 90.63% in FY26. The global market for woven Raffia machinery is estimated at around $1,008 million in 2024 and is projected to reach $1,369 million by 2030, growing at a CAGR of 5.2%. The market in India is expected to grow to $242 million in FY30 from $150 million in FY25 at a CAGR of 10.0%. Recycling machines are another major focus. The company is looking at new opportunities as India’s recycling market is expected to grow from 9.9 MnT in 2023 to 23.7 MnT by 2032. The company is the largest player in India and one of the leading companies globally in the Raffia machinery market. The global high-performance fibre market was valued at approximately $18.8 billion in 2025 and is expected to grow at 8–10% CAGR to more than $28 billion by 2030. The company also plans to strengthen its presence in conversion and processing machines, while expanding into high-performance fibres and monofilaments. Now, Lohia Corp is launching its initial public offering (IPO), which is a complete offer-for-sale worth ₹1,102 crore. Its shares will be listed on the NSE and BSE. ### **How to pre-apply for Lohia Corp IPO?** You can pre-apply for Lohia Corp IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: - Login to your Upstox account, using your six-digit PIN - After successfully logging in, click on ‘Discover’ - On the Discover tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Lohia Corp IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Pre-Apply’ - Accept the mandate on your UPI app ### **How to apply for Lohia Corp IPO?** If you are interested in this investment opportunity but unsure how to apply for Lohia Corp IPO, here are the steps that you need to follow. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Lohia Corp IPO on Upstox: - Log in to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Lohia Corp IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Apply’ - Accept the mandate on your UPI app ### **How to check the Lohia Corp IPO allotment status? ** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes. Here’s a step-by-step guide on how to check the Lohia Corp IPO allotment status: - Login to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ page, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, you will find the ‘View all’ option - Once you click on ‘View all’, you will be directed to the ‘IPO’ tab - In the ‘IPO’ tab, click on ‘My applications’ - In ‘My applications’, under the History section, your Lohia Corp IPO allotment status will be mentioned

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   23 Jul 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   27 Jul 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   28 Jul 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Jul 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Jul 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   30 Jul 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.