Lohia Corp's ₹1,102 crore IPO opens July 23 at ₹404-425 per share, entirely an OFS by existing shareholders.

Lohia Corp will launch its IPO on July 23, with the issue comprising a pure offer for sale of over 2.59 crore shares. The technical textile machinery maker reported a 64% YoY jump…

Lohia Corp has fixed the price band for its Rs 1,101.28 crore IPO at Rs 404–425 per share. The issue opens for subscription on July 23, with anchor bidding on July 22, and closes…

Lohia Corp's ₹1,102 crore IPO opens July 23 at ₹404-425 per share, entirely an OFS by existing shareholders.

Company raised ₹492 crore from anchor investors on Wednesday

The IPO is entirely an Offer for Sale (OFS) comprising more than 2.59 crore equity shares, which means the proceeds will go to the existing shareholders, while the company itself…