Lohia Corp's IPO sees low demand on day one, with a subscription rate of just 0.39x, raising concerns among analysts.

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…

Lohia Corp's IPO sees low demand on day one, with a subscription rate of just 0.39x, raising concerns among analysts.

Lohia Corp plans an offer for sale to raise funds. The company's revenue grew significantly while its net profit surged. Its order book expanded substantially after strong…