Lohia Corp IPO
- Status: Upcoming
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IPO Details
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Last Updated: 10 April 2024 2:52 PM by 5Paisa
Lohia Corp Limited's IPO is likely to open in 2024. The company makes machinery and equipment used in the production of technical textiles. The IPO includes an Offer-for-Sale (OFS) of 31,695,000 Equity Shares Equity Shares. The share allotment date and listing date are yet to be announced. The price band and the lot size are yet to be declared.
ICICI Securities Limited, Iifl Securities Limited, Motilal Oswal Investment Advisors Limited, and HSBC Securities And Capital Markets (India) Private Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Lohia Corp IPO:
● The company will not receive any proceedings from the IPO.
Lohia Corp Limited makes machinery and equipment used in the production of technical textiles globally. The company makes polypropylene (“PP”) and high-density polyethylene (“HDPE”) woven fabric and sacks (“Raffia”). It enjoys a market share of 17.5% across all Raffia machinery and 28.7%+ market share for machines used in PP/ HDPE fabric making at a global level.
Lohia Corp offers a wide range of machinery and equipment such as tape extrusion lines, winders, circular loom, coating and lamination lines, printing machine, conversion machine, multifilament yarn machine, recycling machines, twister winder and monofilament extrusion lines, and more. The company has supplied its products to 90+ countries as of March 2022.
Peer Comparison
• Lakshmi Machine Works Limited
Strengths
1. The company is a market leader in India and among the leading manufacturers globally of machinery and equipment for technical textiles.
2. It is well-positioned to capture global industry tailwinds.
3. It has an advanced manufacturing infrastructure with comprehensive backward integration.
4. It also has technology-driven operations with a strong focus on quality.
5. Experienced Promoters and Senior Management.
Risks
1. The company is heavily dependent on the performance of the plastic woven fabric machines market.
2. It faces significant competitive pressures in the industry.
3. Exposed to foreign currency fluctuation risks.
4. The business is manpower intensive.
5. It has significant working capital requirements.
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To apply for the IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Lohia Corp IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
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ICICI Securities Limited, Iifl Securities Limited, Motilal Oswal Investment Advisors Limited, and HSBC Securities And Capital Markets (India) Private Limited are the book-running lead managers for Lohia Corp IPO.
Lohia Corp will not get any proceeds from the offer.