Lohia Corp IPO Recommendation: Apply or Avoid?

By Jagat Joshi
July 23, 2026

Lohia Corp, a global engineering company that makes the complete range of machines and equipment for the plastic woven fabric industry, is launching its IPO. Not just a single machine, Lohia Corp manufactures the complete production line, from converting raw plastic into tapes to weaving, printing, and converting the material into finished bags.

The IPO will be open for subscription on July 23, 2026, and close on July 27, 2026. Lohia Corp is a Mainboard IPO with a price band set between ₹404 to ₹425 per share. As per the RHP, the company plans to raise around ₹1,101.28 crores through an Initial Public Offering (IPO).

Reviewer	Recommendation
Beacon Capital Advisors Pvt. Ltd. (Equivision)	Apply
Swastika Investmart Ltd.	Apply
Kantilal Chhaganlal Securities Pvt. Ltd.	Apply
IPO Watch	May Apply
Capital Market	May Apply
SMC Global	Neutral
Dilip Davda	Not Rated
Axis Capital Ltd.	Not Rated

Lohia Corp has been making industrial machines since 1981 to produce plastic woven bags and packaging fabrics. These products are then used to package cement, fertilizers, and food grains, as well as for manufacturing shopping bags and flexible bulk containers.

For medium- to long-term investment, this IPO might be a good fit. Overall, investors should carefully evaluate the company’s fundamentals, strengths, risks, and growth prospects before making any investment decision.

Strengths:

The firm holds 41% market share in India and 15% globally in the manufacturing of woven raffia machinery.
Offers complete machinery solutions for Woven fabrics, including tape extrusion lines, circular looms, coating and lamination lines, printing machines, conversion machines, multifilament yarn machines, and recycling machines.
Lohia Corp supplied its machines to over 100 countries, serving 2000+ customers.
Its advanced manufacturing facilities have in-house capabilities to manufacture their own parts and components, supported by its own training center to train employees.

Weaknesses:

About 88% of the firm’s revenue comes from woven raffia machines used in industries such as agrotextiles, building textiles, geo-textiles, and packing-textiles. Any slowdown in those industries can negatively affect the business.
A sudden increase or fluctuation in prices, shortage or delay in supply of raw materials to make machines can adversely affect the business and cash flow.
The company’s 42% revenue is derived from exports. Risks like global slowdown, tariffs, and foreign currency fluctuation can impact the business.
The issue is completely OFS, meaning the firm will not receive any funds and will go to the selling shareholders.

Disclaimer

Investors are advised to make their own decisions and apply entirely at their own risk. This article is written using information from the company’s RHP (Red Herring Prospectus) data and online sources. If you have any queries, kindly contact the IPO Watch Team.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.