IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

To be announced

IPO Closing Date

To be announced

Basis of Allotment

To be announced

Initiation of Refunds

To be announced

Credit of Shares to Demat Account

To be announced

IPO Listing Date

To be announced

About Company

The company is a manufacturer of machines used in polypropylene (PP), high-density polyethylene (HDPE), and woven fabric and sacks (Raffia), with global market shares of 17.5% in Raffia machines and 28.7% in machines used in producing PP/HDPE fabrics. In India, it had an 80% market share in terms of value to volume in FY22 in providing end-to-end manufacturing solutions for the raffia industry. 

Lohia Corp is one of the global players offering end-to-end solutions across the entire ecosystem of woven plastic. It supplies over 90 countries and has international offices located in Brazil, Russia, Thailand, the UAE, and the USA.

It has four manufacturing units - three located in India and one in the USA. During FY 2022, the company sold 84,218 circular weaving looms, over 1,989 tape extrusion lines, and 547,972+ winders, with a total extrusion capacity of 6.84 million MT.

Lohia Corp Ltd. IPO Details

Lohia Corp. Ltd. has filed with SEBI for an initial public offering consisting of an offer for sale shares from promoter shareholders. The selling promoters are Raj Kr. Lohia, Neela Lohia, Gourav Lohia, Amit Kr. Lohia, and Ritu Lohia. The issuers have yet to announce Lohia Corp. Ltd.'s IPO date and price band for the shares. 

Lohia Corp Ltd. IPO Objective 

  • The offer is a 100% offer for sale of equities. Hence, the corporation will not receive any proceeds from the IPO. 

Should you invest in Lohia Corp Ltd.?

Here are the top reasons to consider before investing in the IPO:

  • It featured among the top 50 Indian brands based on PCT filing in the last three years.
  • The company is expanding organically and inorganically through the strategic acquisition of established capacities to manufacture machines and equipment for technical textiles. 
  • It is well positioned to capture the global industry tailwinds as the Raffia market is expected to grow at a 6.3% CAGR from US$59 billion in 2021 to US$80 billion in 2026 and the technical textile market to grow at an 8.25% CAGR between 2020 and 2025. 

Competitive Peers 

The other player in the industry, as recognised by Lohia Corp. Ltd., is Lakshmi Machine Works Ltd. 

Noteworthy Highlights of Lohia Corp. Ltd.

  • Revenue from the operations had grown at a 43.63% CAGR, from Rs. 10,845.65 million in 2020 to Rs. 22,374.80 million in 2022.
  • As of March 2022, the company had sold the highest volume of machines in the raffia industry.

Company Financials

Particulars Year ending on March 31, 2022 (₹ million) Year ending on March 31, 2021 (₹ million) Year ending on March 31, 2020 (₹ million)
Revenue from Operations 22,374.80 13,337.86 10,845.65
Profit After Tax (PAT) 1,593.77 1,207.84 389.31
PAT Margin 7.12% 9.06% 3.59%
EBITDA 2,349.01 1,947.42 871.24
EBITDA Margin 10.50% 14.60% 8.03%
ROE 30.34% 22.33% 7.40%

Know before investing

Strengths

3

  1. It operates through a comprehensive, backward-integrated manufacturing unit and is supported by a training facility.

  2. The company is managed by an experienced management team and promoters.

  3. It has 26 patents granted under its name and 58 patents at various stages of application.

Risks

3

  1. Productions can be impacted by price fluctuations, shortages, delays, or disruptions in the supply of primary raw materials.

  2. The company’s revenue depends on the performance of the plastic machinery industry.

  3. Any disruption in the manufacturing units will impact the company’s future profitability.

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Lohia Corp Ltd IPO FAQs

What is Lohia Corp. Ltd.'s IPO?

Lohia Corp. Ltd. IPO is an offer for sale of 31,695,000 equity shares. We will update the Lohia Corp. Ltd. IPO price when it is announced.

When will Lohia Corp Ltd.'s IPO allotment be available?

Will be updated soon.

What will be Lohia Corp. Ltd.'s IPO lot size?

Will be updated soon.

When will Lohia Corp. Ltd.'s IPO open for subscription?

Will be updated soon.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Lohia Corp. Ltd. list on exchanges?

Will be updated soon.

How do I check the allotment status of the Lohia Corp. Ltd. IPO?

You can check the Lohia Corp. Ltd. IPO allotment status from Angel One’s mobile app. Log in to the app and validate with an OTP. In the next step, enter your application number, DP ID, and PAN number into the app to check the allotment status.

What would be the listing gains on the Lohia Corp. Ltd. IPO?

Listing gains cannot be ascertained before the listing of the IPO shares on the stock exchange.

I have finished the application process for the Lohia Corp. Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank will only block the amount in your account. The money will not be debited before the IPO shares are allotted.

How to approve the UPI mandate request for Lohia Corp. Ltd. IPO?

You must complete the bidding process by logging in to your UPI handle to approve the payment mandate.

Can I submit more than one application for the public issue of Lohia Corp. Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for the Lohia Corp. Ltd. IPO?

Will be updated soon.