The Lohia Corp Limited IPO closed on Monday with an overall subscription of 7.25 times, with total bids received for 10.40 crore shares against 1.43 crore shares on offer.The strong finish was driven almost entirely by institutional investors who came in force on the final day, reversing the sluggish trend seen in the first two days.The Qualified Institutional Buyer (QIB) category was the standout performer, subscribed 9.11 times with bids for 7.03 crore shares. Foreign Institutional Investors led within the QIB bucket, bidding for 3.91 crore shares, followed by mutual funds at 1.67 crore shares and domestic financial institutions at 76.41 lakh shares.The QIB category had stood at just 0.51 times at the end of Day 2, underscoring how decisively institutions moved on the closing day.The Non-Institutional Investor (NII) category closed at 6.82 times, with bids for 2.63 crore shares. High-net-worth individuals bidding above ₹10 lakh were subscribed 7.35 times, while the sub-₹10 lakh NII segment came in at 5.77 times.Retail Individual Investors (RII) closed at 2.77 times, up from 1.08 times at the end of Day 2. The employee reservation portion was subscribed 1.39 times.The IPO, priced at ₹404–425 per share, is entirely an Offer for Sale of 2.59 crore shares. Lohia Corp, a global manufacturer of woven raffia machinery with a 40.7 per cent domestic market share, reported revenue of ₹1,717 crore in FY26 with EBITDA margins of 18.6 per cent.Analysts had recommended the issue for long-term investors while noting it was fully priced. Anand Rathi pegged the P/E at 23.21 times based on FY26 earnings with a post-issue market cap of approximately ₹44,901 million.SBI Securities cited strong return metrics, RoE of 38.9 per cent and RoCE of 42.6 per cent, as positives, while HDFC Securities flagged subsidiary losses and unhedged forex exposure as risks to watch.Published on July 27, 2026