The Big Final Bidding Window Today
Kanpur-headquartered technical textiles machinery giant Lohia Corp Limited is driving primary market activity as its public book-building issue enters its final subscription window Today, Monday, July 27, 2026.
The ₹1,101.28 crore mainboard public offer, which carries a fixed price band of ₹404 to ₹425 per equity share, opened for public subscription on July 23. As bidding lines head toward their hard cutoff at 5:00 PM today, investors are balancing the company’s strong global market leadership against the realities of a 100% secondary Offer for Sale (OFS) structure.
Quick Highlights: The Latest Public Issue Stats
- Official Closing Date: Today, Monday, July 27, 2026.
- Final Day Bidding Cutoff: Bidding applications lock firmly at 5:00 PM across exchange desks.
- Current Subscription Pulse: The issue crossed full coverage on Day 3, booking 1.09 times overall as institutional bids picked up momentum.
- Grey Market Premium (GMP): Unofficial grey market trends indicate a muted premium hovering at +₹7 to +₹13 per share, projecting an estimated 1.6% to 3.0% listing-day gain over the upper price cap.
- Anchor Allocation: The company successfully locked in ₹492.11 crore from 27 domestic and global marquee anchor institutions ahead of the public rollout.
- Tentative Listing Timeline: Allotment finalization is scheduled for Tuesday, July 28, with formal market debuts targeted for Thursday, July 30, 2026 on the NSE and BSE.
Lohia Corp IPO Subscription Summary Breakdown (Day 3 Status)
| Investor Category | Allocated Net Share Block | Subscribed Multiplier | The Big Institutional Trend |
| Qualified Institutional (QIB) | 75% of Net Issue | ~1.0x+ Subscribed | Institutional bids picked up into the final hours. |
| Non-Institutional (NII/HNI) | 15% of Net Issue | 0.42x Subscribed | Moderate interest from high-ticket retail bidders. |
| Retail Individuals (RII) | 10% of Net Issue | 1.08x Subscribed | Retail quota fully covered ahead of the final bell. |
| Employee Quota | Reserved 2.0 Lakh Shares | 0.74x Subscribed | Steady employee participation. |
| Total Net Issue | 1.43 Crore Shares (ex-anchor) | 1.09x Subscribed Consolidated | Issue fully covered before the final cutoff. |
Three Core Factors to Consider Before Today’s Cutoff
1. 100% Offer for Sale (OFS) Structure
A critical detail for applicants is the issue’s structure. The entire ₹1,101.28 crore issue consists exclusively of an Offer for Sale of 2.59 crore shares being offloaded by the promoter group (Raj Kumar Lohia, Gaurav Lohia, Amit Kumar Lohia, and Ritu Lohia) and early shareholders. Lohia Corp will not receive any fresh cash proceeds from this issue. However, because the company’s operating cash flows are healthy and its Net Debt/Equity ratio sits low at 0.23x, external growth capital wasn’t a strict prerequisite.
2. Market-Dominating Global & Domestic Moat
Lohia Corp is a world-leading manufacturer of machinery used to produce polypropylene (PP) and high-density polyethylene (HDPE) woven fabrics and sacks (raffia). The company commands a dominant 40.7% market share in India and holds a 15.4% global market share in woven raffia equipment. Operating six manufacturing plants across India, the US, and Italy, it exports technical textile machinery to roughly 100 countries.
3. Stellar FY26 Financial Run-Rate & Fair Valuations
The company’s audited balance sheet highlights strong operational momentum:
- Operations Revenue: Jumped 24.7% to reach ₹1,716.99 crore in FY26 (up from ₹1,376.87 crore in FY25).
- Net Profit (PAT): Rocketed 64.1% to settle at ₹193.45 crore in FY26 (compared to ₹117.84 crore in FY25).
- Return Metrics: Features exceptional profitability indicators, including a Return on Equity (ROE) of 36.80% and a Return on Capital Employed (ROCE) of 40.92%.
At the upper price cap of ₹425, the stock translates to a post-issue P/E multiple of ~22.1x to 23x based on FY26 earnings. Brokerages like Swastika Investmart and Beacon Capital Advisors note that while this carries a slight premium over domestic peers like Rajoo Engineers (~18x), the valuation remains fair given Lohia Corp’s massive global market share and 127 granted worldwide patents.
The Final Application Verdict: Apply or Avoid?
For Short-Term Listing Gain Seekers (Avoid/Caution): With the Grey Market Premium lingering low at ₹7 to ₹13 (~1.6% to 3.0% over the issue price), there is minimal buffer for speculative day-one listing pops. If your primary intent is capturing quick listing gains, this issue is unlikely to deliver a blowout opening.
For Long-Term Structural Investors (Subscribe for the Long Term): Lohia Corp represents a quality, niche capital goods manufacturer with dominant market share, strong export moats, low leverage, and stellar 36%+ return ratios. Investors seeking long-term exposure to global technical textile supply chains can consider applying at the ₹425 upper cutoff before today’s 5:00 PM deadline.
Frequently Asked Questions (FAQ)
1. What time does the Lohia Corp IPO close Today?
The public subscription window officially closes for all retail, institutional, and employee applications on Monday, July 27, 2026, at 5:00 PM.
2. What is the minimum capital required for a retail application?
The fixed market lot size requires a minimum entry of 35 equity shares, which demands a total capital allocation of ₹14,875 at the upper cutoff price of ₹425.
3. What does the current Grey Market Premium (GMP) indicate?
The latest GMP is hovering near ₹7 to ₹13 per share, pointing to a flat or modest listing projection right around ₹432 to ₹438.
4. When are the allotment and listing dates?
The basis of share allotment will be finalized on Tuesday, July 28, with refunds and demat share credits processing on July 29, followed by the official listing on the NSE and BSE on Thursday, July 30, 2026.
Conclusion
Today, Lohia Corp’s closing session demonstrates Why niche industrial market leaders command steady institutional coverage even during quiet grey market cycles. The Latest 1.09x subscription coverage and Live financial metrics confirm that the market respects the company’s strong technological moat and profitability. As the final bidding order books close this evening, Lohia Corp remains a Big structural focus for long-term investors tracking India’s capital goods and technical manufacturing story in 2026.
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