Lohia Corp Limited (formerly Kanpur Packaging Machines Limited) operates as a leading global manufacturer of machinery and equipment dedicated to technical textiles.
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The company specifically focuses on delivering end-to-end solutions for producing polypropylene (PP) and high-density polyethylene (HDPE) woven fabrics and sacks, commonly known as Raffia.
he firm aims to raise up to ₹1,102.08 crores completely through an Offer for Sale (OFS) of 2,59,31,407 equity shares.
The subscription period for the Lohia Corp Limited IPO runs from July 23, 2026, through July 27, 2026. The price band has been fixed at ₹404 to ₹425 per share, with a minimum retail lot size of 35 shares.
Read this comprehensive review of the Lohia Corp Limited IPO to find current GMP, subscription status, allotment dates, and pricing.
Briefs of Lohia Corp Limited IPO Details
- Price Band: ₹404 – ₹425 per share
- IPO Open / Close Dates: 23 July 2026 / 27 July 2026
- Lot Size: 35 shares (Minimum investment of ₹14,875)
- Issue Size: 2,59,31,407 shares / ₹1,047.63 – 1,102.08 crores
- Fresh Issue / OFS: Fresh Issue Nil / OFS of 2,59,31,407 shares
- Registrar: MUFG Intime India Private Limited
- Listing Exchange: BSE, NSE
IPO Reservation
- Face value: ₹1 per share
- Anchor offer: Up to 60% of the QIB Portion
- QIB-shares: Not less than 75% of the Net Offer
- NIIs-Shares offered: Not more than 15% of the Net Offer
- RIIs- Shares offered: Not more than 10% of the Net Offer
How much is the Lohia Corp Limited IPO GMP Trading at Today?
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What are the Critical Dates and the Basis of Allotment Schedule for the Lohia Corp Limited IPO?
- IPO Open & Close Date: 23 July 2026 to 27 July 2026
- Basis of Allotment Date: 28 July 2026
- Refund Initiation Date: 29 July 2026
- Credit of Shares: 29 July 2026
- Listing Date: 30 July 2026
What are the Main Objectives Behind the Lohia Corp Limited IPO?
The public issue comprises solely shares sold by existing stakeholders to meet the purposes listed below:
- To carry out an Offer for Sale of up to 2,59,31,407 Equity Shares by existing shareholders.
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges, thereby enhancing brand visibility and providing liquidity.
(Note: Because this is an OFS, Lohia Corp Limited will not receive any capital proceeds from this offering).
What is the Current Financial Status and Earning Trend of Lohia Corp Limited?
The following section summarizes the company's financial history with all figures stated in Crore Rupees.
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24* |
Total Income | 1,737.87 | 1,386.47 | 1,173.60 |
Profit After Tax | 193.45 | 117.84 | 29.76 |
EBITDA | 339.45 | 228.60 | 105.96 |
Total Borrowing | 152.78 | 212.16 | 280.37 |
Assets | 1,304.66 | 967.60 | 873.49 |
*Note: Fiscal 2024 data represents the Special Purpose Combined and Carve-Out Financial Statements of the Demerged Business.
Source: RHP
Financial Observations:
Total Income
The company showcased robust and consistent top-line growth over the recent fiscal years.
- Total income expanded from ₹1,173.60 crores in FY24 to ₹1,737.87 crores in FY26.
- Strong demand across agriculture, packaging, and infrastructure sectors drove this growth.
- Export markets significantly contributed, making up 42.18% of FY26 revenue.
Profit After Tax
Net profitability surged impressively as the company consolidated its global market position.
- PAT climbed from ₹29.76 crores in FY24 to ₹193.45 crores in FY26.
- This exceptional 64.16% year-on-year increase in FY26 reflects optimized operational efficiencies.
- The high return metrics indicate excellent capital allocation strategies.
EBITDA
Operational earnings grew solidly, maintaining a healthy margin profile despite raw material pressures.
- EBITDA increased from ₹105.96 crores in FY24 to ₹339.45 crores in FY26.
- The EBITDA margin reached 19.53% during the latest fiscal year.
- Cost containment mechanisms helped offset rising input expenses.
Total Borrowing
The business successfully reduced its reliance on external debt over the observed periods.
- Total borrowings decreased from ₹280.37 crores in FY24 to ₹152.78 crores in FY26.
- This reduction strengthens the overall balance sheet health of the firm.
- A lower debt burden leaves more room for deploying internal accruals toward future growth.
Assets
The overall resource base widened to accommodate the increasing scale of manufacturing.
- Total assets expanded from ₹873.49 crores in FY24 to ₹1,304.66 crores in FY26.
- This growth supports the production required to maintain a 15.4% global market share.
- Upgrades in tape extrusion lines and circular looms are part of this asset base.
What Are the P/E ratio and Peer Comparison of Lohia Corp Limited?
The P/E ratio measures market valuation by comparing share price directly to EPS, identifying the cost of earning one rupee of corporate profit.
Given the highest proposed IPO share price of ₹425 and an FY26 Basic EPS of ₹18.31, the stock is priced at an approximate P/E of 23.21x.
Name of the Company | Revenue from operations (₹ Cr) | Face Value (₹) | P/E Ratio | EPS (Basic) (₹) | RoNW (%) | NAV (₹) |
Lohia Corp Limited | 1,717.00 | 1.00 | 23.21 | 18.31 | 72.95 | 49.37 |
Rajoo Engineers Limited | 344.25 | 1.00 | 18.27 | 2.74 | 14.16 | 19.33 |
LMW Limited | 3,207.42 | 10.00 | 134.25 | 122.37 | 4.56 | 2,683.25 |
Mamata Machinery Limited | 233.00 | 10.00 | 62.07 | 6.12 | 8.13 | 75.21 |
Jyoti CNC Automation Ltd | 2,093.13 | 2.00 | 54.60 | 14.78 | 16.79 | 88.00 |
Analysis:
Lohia Corp Limited enters the primary market demanding an implied P/E multiple of approximately 23.21x at the upper price band.
When evaluated against listed industry peers like LMW Limited (134.25x), Mamata Machinery (62.07x), and Jyoti CNC Automation (54.60x), the issue is priced reasonably and sits closer to Rajoo Engineers (18.27x).
However, Lohia Corp vastly outperforms the entire peer group in profitability, boasting a remarkable Return on Net Worth (RoNW) of 72.95%.
This exceptional metric underscores its highly efficient capital utilisation and commanding 40.7% domestic market share.
What is The Industry Outlook of Lohia Corp Limited?
Growth potential: The technical textiles and woven raffia market is directly linked to robust end-use industries such as agriculture, infrastructure, and fast-moving consumer goods (FMCG). The rising global demand for efficient, durable packaging solutions like PP and HDPE sacks ensures steady capital expenditure orders for specialized machinery manufacturers.
Market trends and competitors: The manufacturing of technical textile equipment requires high upfront investments and sophisticated engineering capabilities, creating steep entry barriers. Companies that offer comprehensive, end-to-end solutions—from extrusion to printing—and maintain a vast global service footprint tend to secure dominant market shares and higher operational margins.
What Are The Strengths and Risks of Lohia Corp Limited IPO ?
Strengths:
- Market Leadership: The firm holds a commanding 40.7% market share by value in India and a 15.4% share globally for woven raffia machines.
- Global Footprint: Over 42% of its FY26 revenue originated from overseas markets, serving more than 2,000 customers in approximately 100 countries.
- Exceptional Return Ratios: The business demonstrates excellent capital efficiency, posting a Return on Equity (RoE) of 36.80% and a Return on Net Worth (RoNW) of 72.95% in FY26.
Risks:
- Product Concentration: The business is heavily reliant on the woven raffia machines market, which contributed 88.16% of its operational revenue in FY26.
- Raw Material Volatility: Material costs constitute over 53% of its revenue footprint. Furthermore, 16.06% of raw materials are imported, exposing margins to supply chain disruptions.
- Forex Exposure: With over 42% of revenue coming from exports, unhedged foreign currency fluctuations pose a constant risk to profitability.
Important iPO Resources:
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Key Considerations for Investors
- 100% OFS Structure: The ₹1,102.08 crore issue is entirely an Offer for Sale. The company will not receive any fresh capital for operational expansion.
- Concentration Risks: Heavy reliance on woven raffia machines (88.16% of FY26 revenue) makes the firm vulnerable to shifts in this specific sector.
- Forex & Supply Chain Exposure: With 42.18% of revenue from exports and 16.06% of raw materials imported, unhedged currency swings and supply disruptions threaten margins.
- Superior Profitability: Despite these risks, the company dominates the market and delivers an exceptional 72.95% Return on Net Worth, outpacing all listed peers.
Key Takeaways
- IPO Price Band: ₹404 to ₹425 per equity share
- Lot Size: 35 shares (Minimum retail application of ₹14,875)
- Allotment : Allotment on 28 July 2026;
- Listing Dates: Listing on BSE and NSE on 30 July 2026
FAQs on Lohia Corp Limited IPO
What is Lohia Corp Limited IPO GMP today?
Visit our primary GMP hub to monitor this mainboard issue, where unofficial premium estimates update daily in response to market mood.
What is Lohia Corp Limited IPO price band?
The share price for this issue has been set between a range of ₹404 and ₹425.
What is Lohia Corp Limited IPO allotment date?
The allocation process for the issue is set to conclude on July 28, 2026..
How to check Lohia Corp Limited IPO allotment status?
After the official update, check your share allocation by inputting your PAN or application information on the MUFG Intime India Private Limited registrar page
What is Lohia Corp Limited IPO listing date?
The equity shares are expected to debut on both the BSE and NSE exchanges on July 30, 2026.
Investment Perspective on Lohia Corp Limited IPO
Lohia Corp Limited presents a compelling IPO, leading the woven raffia machinery market with a 40.7% domestic and 15.4% global share.
It boasts robust financials, including FY26 revenue of ₹17,169.95 million and an exceptional 72.95% Return on Net Worth.
This 100% Offer for Sale provides no fresh capital to the company. Investors should weigh its impressive operational efficiency against key raw material and forex volatility risks.
Disclaimer:
This material is for reference purposes and is not a financial consultation. You are advised to obtain professional counsel from a SEBI-approved financial expert before committing capital.
