Lohia Corp IPO GMP Day 2: Lohia Corp's initial public offering is experiencing decent investor interest on its second day. The Rs 1,101 crore maiden issue has been subscribed 43% so far. Retail investors are leading the subscription numbers, booking 80% of their reserved portion. Unlisted shares are trading with a muted grey market premium of 3-8.5%. The company manufactures machinery for technical textile production and reported strong financial growth.

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…

Lohia Corp IPO sees retail interest surge as subscription rises to 0.59 times, with RII category fully subscribed.