Lohia Corp's IPO entered its final day of bidding with overall subscription at 0.65x by the morning of July 27. Retail investors have fully subscribed their quota, while QIB and NII participation remained below 1x, making the final few hours crucial for overall demand.
Introduction
Lohia Corp's IPO has entered its third and final day of bidding on July 27, 2026. The Kanpur-based company makes machinery for technical textiles, mainly circular looms, tape extrusion lines, and tape winders used to produce PP and HDPE woven sacks and fabric, and holds a strong position in this niche globally.
This is a pure offer for sale worth ₹1,101.28 crore. No fresh capital comes into the company, every rupee goes to promoters and existing shareholders selling part of their stake. Promoter holding will fall from 95.61% to 75.24% after the issue.
Price band remains ₹404 to ₹425 per share, lot size 35 shares. Retail investors need ₹14,875 to apply at the upper band. Listing is expected July 30 on both BSE and NSE.
Lohia Corp IPO - Day 3 Subscription Status
Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 3
The final day has brought retail demand to full coverage, while institutional and HNI bids are still catching up as the window nears its close.
| Category | Subscription (Day 3, morning) |
| Qualified Institutional Buyers (QIB) | Below 1x |
| Non-Institutional Investors (NII) | Below 1x |
| Retail Individual Investors (RII) | 1.24x |
| Overall | 0.65x |
Figures as of 10:09 AM, July 27, 2026 (Day 3, closing day). Numbers will keep climbing through the day as bidding wraps up by evening.
What Day 3 Numbers Indicate
Retail has crossed full subscription at 1.24x, confirming steady individual investor interest right through the three-day window. This is the category that's remained the strongest throughout the issue.
QIB and NII, on the other hand, are still below 1x heading into the last few hours of bidding. This is where the real story usually unfolds. Institutional investors and big-ticket HNIs typically place the bulk of their bids only in the closing hours of the final day, so a sharp jump in both categories by evening wouldn't be unusual. If that jump doesn't materialise this time, the issue could close as one of the more modestly subscribed mainboard IPOs of the year.
Overall subscription at 0.65x on the morning of Day 3 shows demand has been building steadily, but the issue still has ground to cover before the window shuts.
Day-wise IPO Subscription Trend
| Day | Overall Subscription |
| Day 1 | 0.40x |
| Day 2 | 0.59x |
| Day 3 (Final, morning) | 0.65x |
The steady climb from 0.40x to 0.65x shows gradual improvement, but this IPO has stayed on the slower side compared to some of its peers currently in the market. Watch for the final evening numbers to see how much QIB and NII close the gap.
Lohia Corp IPO - Allotment and listing date
| Event | Date |
| Basis of Allotment | July 28, 2026 |
| Refund Initiation | July 29, 2026 |
| Shares Credited to Demat | July 29, 2026 |
| Listing Date | July 30, 2026 |
Should You Apply for Lohia Corp IPO?
A few things worth weighing on the last day:
- It's a 100% offer for sale, so no fresh money goes into the company. This is purely an exit for promoters and selling shareholders.
- Retail quota is just 10% of the net offer, smaller than most mainboard IPOs, and it's already fully subscribed, so allotment there will run through a lottery.
- Financials are solid. FY26 profit after tax came in at ₹193.45 crore, up from ₹117.84 crore in FY25, with revenue and EBITDA margins also improving.
- Grey market premium has stayed dull through the closing days, sitting around ₹6 to ₹7 as of July 27, pointing to a listing gain of roughly 1.5% to 1.65%. It touched highs of ₹75 earlier in the run-up, so sentiment has cooled off considerably. GMP is unofficial and shouldn't be the deciding factor.
- With QIB and NII still below full subscription this late in the window, this issue is shaping up to be a modest one. Weigh that against the company's steady fundamentals before applying.
This is informational content, not investment advice. Base your decision on your own risk appetite.
How to Apply for Lohia Corp IPO
You can apply through any of these routes:
- ASBA via net banking – log into your bank's net banking, go to the IPO section, select Lohia Corp, enter quantity and bid price, then authorise.
- UPI via broker app – open your broker app (Ventura, Zerodha, Kotak Neo, etc.), find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
- Physical ASBA form – submit through your bank branch if you prefer the offline route.
Since this is the closing day, applications need to go in before the cut-off time this evening. Bid in multiples of the 35-share lot, and consider applying at the cut-off price to keep your allotment chances intact.
Lohia Corp IPO Important Dates
| Event | Date |
| IPO Open Date | July 23, 2026 |
| IPO Close Date | July 27, 2026 |
| Anchor Investor Bid Date | July 22, 2026 |
| Basis of Allotment | July 28, 2026 |
| Refunds Initiated | July 29, 2026 |
| Demat Credit | July 29, 2026 |
| Listing Date | July 30, 2026 |
Day 2 & Day 3 Subscription Updates
Day 2 closed with the issue subscribed 0.59 times overall. Day 3, the final day, opened with the number at 0.65x by mid-morning, retail already fully covered while QIB and NII remained under 1x. Final closing figures will be updated once bidding wraps up this evening.
How to Check Lohia Corp IPO Subscription Status
How to check Lohia Corp IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Lohia Corp Limited from the dropdown.
- You'll see category-wise bid numbers, updated through the trading day.
How to check Lohia Corp IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Lohia Corp under active issues.
- Click on it to view live bid quantity against shares reserved, split by category.
How to check Lohia Corp IPO Subscription Status on Ventura?
Log into your Ventura account, go to the IPO section, and select Lohia Corp from the list of live issues. You'll find live subscription numbers along with your own application status if you've already applied.
IPO Subscription History
Previous Day Subscription
Day 1 closed at 0.39x, with retail at 0.66x, QIB at 0.43x, NII at 0.15x, and the employee quota at 0.26x. Day 2 closed higher at 0.59x, as demand built steadily across categories.
Final Subscription Figures
Final numbers will only be available once bidding closes this evening, July 27, 2026. Check back after the window shuts for the complete category-wise final tally.
Conclusion
Lohia Corp's IPO has climbed steadily through its three-day run, from 0.39x on Day 1 to 0.65x by Day 3 morning. Retail has stayed the strongest category throughout and is now comfortably oversubscribed, while QIB and NII are still building momentum in the final hours. With a 100% offer-for-sale structure and a subdued grey market premium, this has shaped up to be a modest issue rather than a blockbuster one. The final tally, expected by this evening, will tell the complete story.
