LOHIA CORP LIMITED IPO
Registrar: MUFG Intime India Private Limited · Lead: Equirus Capital Limited, Motilal Oswal Investment Advisors Limited · Listing on NSE, BSE
IPO Lot Size
35 shares / lot · ₹425 upper bandInvestors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,875 |
| Retail (Max) | 13 | 455 | ₹1,93,375 |
| S-HNI (Min) | 14 | 490 | ₹2,08,250 |
| S-HNI (Max) | 67 | 2,345 | ₹9,96,625 |
| B-HNI (Min) | 68 | 2,380 | ₹10,11,500 |
About the company
Lohia Corp Limited is a leading global manufacturer of machinery and equipment for technical textiles, with a strong focus on solutions for producing polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks. In 2024, the company ranked among the top global players by revenue, holding a 15.4% share of the global woven Raffia machinery market.
The company provides end-to-end solutions for the entire ecosystem of woven fabric, offering services from 'concept to commissioning' and has a diverse product portfolio including tape extrusion lines, circular looms, coating and lamination lines, printing machines, conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, and recycling machines. Lohia Corp Limited operates six manufacturing facilities, with four in India and one each in USA and Italy, alongside a live experience center and a technical training and research center (TTRC) in Kanpur, Uttar Pradesh.
Objectives of the issue
- To carry out the Offer for Sale by the Selling Shareholders.
- To achieve the benefits of listing Equity Shares on the Stock Exchanges.
- To enhance the Company's visibility and brand recognition.
- To provide liquidity to existing shareholders.
- To establish a public market for the Company's Equity Shares in India.
Key strengths
- Market leader in India and among the leading global manufacturers of woven raffia machinery.
- Diverse product portfolio, offering end-to-end solutions for the woven fabric ecosystem.
- Long-standing relationships with a diverse, global customer base through an extensive global sales and distribution network.
- Advanced manufacturing infrastructure with comprehensive backward integration, supported by an in-house training centre.
- Technology-driven operations with a strong focus on innovation-led research and development, leading to products that cater to dynamic market requirements.
- Skilled and experienced management team with committed employee base.
- Strong intellectual property portfolio with registered trademarks and patents.
Key risks
- Heavy dependence on the performance of the woven raffia machines market and end-use industries.
- Significant increases or fluctuations in raw material prices, shortages, or supply disruptions could adversely affect business and financial condition.
- Reliance on overseas suppliers for a significant portion of raw materials, parts, and components exposes the company to import restrictions, changes in tariffs, and currency fluctuations.
- Our Special Purpose Combined and Carve-Out Financial Statements may not be representative of our results as an independent company.
- Slowdown, shutdown, or disruption in manufacturing facilities due to natural disasters or other unforeseen damages could have an adverse effect.
- Challenges in the Indian and global woven raffia machines market, including environmental regulations, high capital costs for advanced machinery, and competition from alternative materials.
- Past negative cash flows from operating activities; potential for future negative cash flows could adversely affect financial condition.
- Certain subsidiaries and the Company have incurred losses in past fiscals, with potential for future losses.
- Past and potential future related party transactions may lead to conflicts of interest or unfavorable terms.
- Exposure to foreign currency fluctuation risks, particularly in relation to import and export activities.
- Our Company will not receive any proceeds from the Offer, as it is an Offer for Sale.
- Our Promoters and Promoter Group will continue to hold a majority of equity shares after the Offer, potentially conflicting with minority shareholder interests.