IPO Snapshot
Key metrics and details at a glance.
Price Band
₹425
Per ShareLot Size
35 Shares
Minimum Investment
₹14,875
Issue Size
₹1,101.29 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Lohia Corp Ltd
Business model, operations, and market positioning.
About the Company
We are among the leading global manufacturers of machinery and equipment for technical textiles in terms of revenue in 2024, with a strong focus on solutions for producing polypropylene ("PP") and high-density polyethylene ("HDPE") woven fabric and sacks ("Raffia"). (Source: F&S Report, page 193) In 2024, we ranked among the top global players by revenue, with a 15.4% share of the global woven Raffia machinery market by value. We are a market leader in the domestic woven Raffia machines market, with a dominant market share of 40.7% by value in Fiscal 2025. As of March 31, 2026, our manufacturing facilities had an installed capacity to produce 240 tapelines, 13,800 circular looms and 108,000 tape winders annually. We manufacture a comprehensive and diverse suite of machinery such as tape extrusion lines, circular loom, coating and lamination lines, printing machines, conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines and recycling machines, amongst others, as well as spare parts. We provide end-to-end solutions for the entire ecosystem of woven fabric, offering services from `concept to commissioning', throughout the complete production lifecycle required for the Raffia industry. We manufacture winders and rewinders for high performance fibres and we have also ventured into extrusion lines to produce technical monofilaments with diversified applications such as textiles, agriculture and sports.
Industry Overview
The global market for woven Raffia machines was estimated to be US$ 1,008 million in 2024, and is expected to reach US$ 1,369 million in 2030, at a CAGR of 5.2%. Increasing investments across global infrastructure projects (cement, construction) and increasing usage of Raffia bags across different user segments (food grains, chemicals, fertilizers, agriculture) is expected to support the machinery market growth from 2025 to 2030. The Indian market for woven Raffia machines amounted to US$ 150.0 million in Fiscal 2025 and is expected to reach US$ 242.0 million in Fiscal 2030, at a CAGR of 10.0%.
Company History
Our Company was incorporated as "Kanpur Packaging Machines Limited", a company limited by shares, under the Companies Act, pursuant to a certificate of incorporation dated June 5, 2023, issued by the Registrar of Companies, Central Registration Center. Lohia Trade Services Limited (erstwhile Lohia Corp Limited) ("LTSL" or the "Demerged Company"), along with our Company had filed a joint petition for the sanction of the scheme of arrangement among our Company, the Demerged Company and their respective shareholders and creditors, pursuant to which the Demerged Company's Core Undertaking was demerged and vested into our Company (such demerger scheme, the "Scheme of Arrangement"). The Scheme of Arrangement was approved by the National Company Law Tribunal, Allahabad Bench at Prayagraj (the "NCLT") through its order dated April 16, 2024, with the appointed date of the Scheme being April 1, 2024 (the "Appointed Date"). The NCLT order sanctioning the Scheme of Arrangement was filed with the Registrar of Companies, Uttar Pradesh, at Kanpur on May 1, 2024, being the effective date of the Scheme of Arrangement (the "Effective Date"). Pursuant to the Scheme of Arrangement, the name of our Company was changed from Kanpur Packaging Machines Limited to Lohia Corp Limited and a certificate of incorporation pursuant to change of name dated June 6, 2024, was issued by the Registrar of Companies, Central Processing Center.
Growth Strategy
- Expand our footprint in international markets through increased exports and strengthen our global market share by leveraging our existing overseas presence.
- Strengthen our capabilities in the conversion and processing machines segment of the Raffia industry.
- Strengthen our position in the high-performance fibres and monofilament segment.
- Focus on recycling machinery and equipment to advance sustainability initiatives.
- Continue to focus on improving operational efficiencies.
- Augment our scale of operations through selective strategic acquisitions and technical alliances.
Promoter Holding (Pre-Issue)
89.04%
Promoter Holding (Post-Issue)
68.66%
Issue Type
Book Building
ISIN
INE0QJW01029
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 25,931,407 equity shares of face value of Re. 1 each ("Equity Shares") of Lohia Corp Limited (formerly known as Kanpur Packaging Machines Limited) ("the Company" or "the Company") for cash at a price of Rs. 425 per equity share ("Offer Price") aggregating to Rs. 1101.29 Crores (the "Offer") comprising an offer for sale of 25,931,407 equity shares aggregating to Rs. 1101.29 Crores (the "Offered Shares"), including 16,728,500 equity shares aggregating to Rs. 710.34 Crores by Raj Kumar Lohia, 2,217,500 equity shares aggregating to Rs. 94.16 Crores by Gaurav Lohia, 920,187 equity shares aggregating to Rs. 39.07 Crores by Amit Kumar Lohia (collectively with Raj Kumar Lohia and Gaurav Lohia, the "Promoter Selling Shareholders"), 1,671,250 equity shares aggregating to Rs. 70.97 Crores by Ritu Lohia ("Promoter Group Selling Shareholder"), 2,171,460 equity shares aggregating to Rs. 92.29 Crores by Alok Kumar Lohia, 1,137,610 equity shares aggregating to Rs. 48.35 Crores by Anurag Lohia and 1,084,900 equity shares aggregating to Rs. 46.11 Crores by Anuja Lohia (collectively with Alok Kumar Lohia and Anurag Lohia, the "Other Selling Shareholders") (collectively with promoter selling shareholders, promoter group selling shareholder, the "Selling Shareholders", and such offer for sale of equity shares by the selling shareholders, the "Offer For Sale"). The offer includes a reservation of 200,000 equity shares of face value of Re. 1/- each, aggregating to Rs. 7.7 Crores (constituting up to 0.19% of the post-offer paid up equity share capital), for subscription by eligible employees (as defined hereinafter)("Employee Reservation Portion"). The company, in consultation with the brlms, may offer a discount of Rs. 40 per equity share to eligible employees who have bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 24.54% and 24.36% of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 425 per equity share of face value of Rs. 1 each. The floor price is is 425 times the face value of the equity shares. Bids can be made for a minimum of 35 equity shares of face value of Rs. 1 each and in multiples of 35 equity shares of face value of Rs. 1 each thereafter. A discount of Rs. 40 per equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
- Market leader in India and among the leading manufacturers globally of woven raffia machinery in a growing market.
- Diverse product portfolio, offering end-to-end solutions for the woven plastic 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.
- The company is heavily dependent on the performance of the woven raffia machines market. Its derived 88.16%, 87.28% (based on the Restated Financial Information) and 85.68% (based on the company's Special Purpose Combined and Carveout Financial Statements) of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively, from woven raffia machines. The woven raffia machines market depends on the growth of end-use industries such as agrotextiles, building-textiles, geo-textiles and packing-textiles. Any slowdown in these end-use industries or any other adverse changes in the conditions affecting the woven raffia machines market can adversely impact its business, results of operations, financial condition and cash flows.
- Significant increases or fluctuations in prices of, or shortages of, or delay or disruption in supply of primary raw materials could affect the company's estimated costs, expenditures and timelines which may have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company sources a significant portion of its raw materials, parts and components, from overseas suppliers. Events such as restrictions on import of raw materials, or changes in tariffs and tax rates, may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company's Special Purpose Combined and Carve-Out Financial Statements and other combined and carve out operational data may not be representative of its results as an independent company.
- The company relies on the continued operations of its manufacturing facilities and any slowdown, shutdown or disruption in the company's manufacturing facilities may be caused by natural and other disasters causing unforeseen damages which may lead to disruptions in the company's business and operations, which in turn could have an adverse effect on its business, results of operations, financial condition and cash flows.