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The Economic Times

Lohia Corp completes Rs 1,101 crore IPO allotment; shares set to list on July 30 as GMP at Rs 11

AI Market Summary
Lohia Corp's IPO allotment is expected July 28 with listing July 30; grey-market premium of ~Rs 11 (~3% over the top issue price) and 7.25x subscription suggest solid demand led by institutions. As an Offer for Sale, proceeds do not add primary capital to the firm, reducing broader macro relevance. Market impact should be largely confined to India's primary-market sentiment and near-term flows around listing.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.76%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Lohia Corp has completed the allotment for its Rs 1,101 crore IPO, with the shares scheduled to list on July 30. In the grey market, the stock is trading at a premium of Rs 11 per share, about 3% above the upper issue price of Rs 425, indicating positive subscription sentiment. The company reported a 64% year-on-year rise in FY26 net profit to Rs 193 crore, while revenue grew 25% to Rs 1,717 crore. The IPO is a domestic listing event in India and will directly shape Lohia Corp’s first-day trading performance.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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