Lohia Corp IPO Day 2: GMP Falls Sharply as ₹1,101 Crore Issue Sees Tepid Demand

Lohia Corp’s ₹1,101 crore initial public offering (IPO) drew a cautious response from investors on Day 2, July 24, 2026, while its grey market premium (GMP) slipped sharply from the levels seen before the issue opened. The decline has led many investors to reassess the stock’s listing potential, even though the IPO remains open for subscription until July 27. With sentiment softening in the grey market, investors are now watching the subscription trend more closely.

Lohia Corp IPO Day 2 Subscription Status: Latest Demand Trends

Current Subscription Numbers

Lohia Corp’s ₹1,101.28 crore IPO continued to see moderate demand on Day 2, July 24, 2026. At the time of writing, the issue had been subscribed about 43%, showing only a modest increase from the first day.

Retail investors continued to account for most of the bids, while participation from non-institutional investors (NIIs) remained limited. As is often the case with larger IPOs, qualified institutional buyers (QIBs) are expected to place most of their bids closer to the final day.

The IPO opened on July 23 and will close on July 27. Shares are expected to list on the BSE and NSE on July 30. Until then, investors will keep a close eye on subscription figures, particularly QIB demand, which often influences overall market sentiment.

Lohia Corp IPO GMP Falls: What Does It Mean?

Why Is the Grey Market Premium Falling?

Lohia Corp’s grey market premium has dropped noticeably since the IPO opened. Before subscriptions began, the GMP indicated an estimated listing gain of around 8% to 9%. That premium has since declined as investor demand remained lower than expected during the first two days.

Should Investors Be Concerned?

A falling GMP usually points to weaker sentiment in the unofficial market, but it should not be treated as a reliable indicator of listing performance. Grey market prices change frequently and react to investor interest, market conditions, and overall risk appetite.

🚨 My Honest Opinion On Lohia Corp IPO

For listing gain – Apply, Listing Gains Is 5-10% 👍
Because Market Sentiment Is Weak.

For long-term : "Subscribe", Only Apply for 1-2 Lots Or As per Allocation Strategy#IPO #LohiaCorp #StockMarketNews pic.twitter.com/oCf97Dkp8R

— VG Insights & Research (@VG_insight) July 24, 2026

Before making an investment decision, investors should also look at:

• Final subscription numbers
• QIB participation on the last day
• Company valuation and financial strength
• Overall market conditions

Several companies have delivered solid long-term returns despite muted listing-day performance.

Lohia Corp IPO Details Investors Should Know

Important Dates and Pricing

Lohia Corp has fixed the IPO price band at ₹404 to ₹425 per share. Investors must apply for at least one lot of 35 shares, taking the minimum investment to ₹14,875 at the upper end of the price band.

The ₹1,101 crore public issue is entirely an Offer for Sale (OFS), meaning the proceeds will go to the existing shareholders selling their stake instead of the company.

Important dates include:

• IPO opens: July 23, 2026
• IPO closes: July 27, 2026
• Expected listing: July 30, 2026

About Lohia Corp and Its Business

Company Overview

Lohia Corp is among the world’s leading manufacturers of machinery used in technical textiles and woven plastic packaging. The company exports its products to more than 90 countries, with overseas markets contributing over 40% of total revenue.

Its machinery is widely used across industries such as agriculture, cement, food packaging, fertilizers, and flexible intermediate bulk containers (FIBCs).

📢 IPO Update by Sushil Finance – Lohia Corp IPO 🏭

🏢 Business Overview:

Lohia Corp Limited is among the leading global manufacturers of machinery and equipment for technical textiles, with a strong focus on solutions for producing polypropylene (PP) and high-density… pic.twitter.com/emPJgaKfdL

— Sushil Finance (@sushilfinance) July 22, 2026

According to its FY26 financial results, the company recorded healthy growth in both revenue and profit before launching the IPO. Those financials continue to support its long-term business outlook, even though short-term market sentiment has weakened.

Should Investors Apply or Wait?

What Should Investors Watch Before the IPO Closes?

Investors should weigh the falling GMP against the company’s business fundamentals. While expectations for listing gains have cooled, the final subscription figures, especially bids from QIBs, could still influence sentiment before the issue closes.

The Meyka AI Stock Research Analysis Tool suggests looking beyond grey market trends and focusing on business quality, valuation, and earnings growth. Several market analysts also believe Lohia Corp could appeal to investors with a long-term investment horizon and a moderate risk appetite.

Conclusion

Lohia Corp’s IPO has entered its final days with moderate subscription levels and a weaker grey market premium than initially expected. That may reduce hopes for strong listing gains, but it does not change the company’s underlying business. Investors should base their decision on valuation, financial performance, and institutional demand rather than relying only on GMP movements.

Disclaimer:

The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.