Lohia Corp has set the price band for its initial public offering at ₹404-425 per share [1].
The move marks a significant transition for the Kanpur-based manufacturer as it seeks to enter the public equity market. By listing, the company provides an exit or liquidity event for existing shareholders through an offer for sale, rather than raising new capital for corporate expansion.
The subscription period for the IPO is scheduled to open July 23 and will close July 27 [1]. Investors who apply for shares during this window will be subject to the established price range. The company expects to officially list its shares July 30 [1].
This offering consists entirely of an offer for sale of more than 2.59 crore shares [1]. The dossier confirms there is no fresh issue of shares associated with this IPO [1], meaning the company will not receive any proceeds from the sale, as the funds go directly to the selling shareholders.
Lohia Corp specializes in the production of machinery and equipment for technical textiles [1]. Based in Kanpur, India, the company operates within a niche industrial sector that supports the broader textile infrastructure. The upcoming listing will allow the market to determine a public valuation for the firm's specialized manufacturing capabilities [2].
“Lohia Corp has set the price band for its initial public offering at ₹404-425 per share.”
Because this IPO is an offer for sale with no fresh issue, it serves as a liquidity event for current owners rather than a fundraising round for the company. The market's reception between July 23 and July 27 will establish the first public benchmark for the valuation of Kanpur's technical textile machinery sector.
