Equirus Capital Ltd.
Motilal Oswal Investment Advisors Ltd.

Incorporated in 2023, Lohia Corp is a global capital equipment manufacturer specializing in end-to-end machinery for the technical textiles industry, with primary market strength in polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and raffia equipment. The company maintains an extensive product ecosystem covering tape extrusion lines, circular looms, coating and lamination machinery, printing and conversion units, multifilament yarn systems, twister winders, monofilament lines, and recycling equipment, supported by aftermarket spare parts sales.

As of March 31, 2026, its manufacturing setup supports an annual installed production capacity of 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders.

The company’s equipment portfolio serves a well-diversified mix of packaging and non-packaging industrial applications. Key packaging uses include heavy-duty storage and bulk transportation solutions such as Flexible Intermediate Bulk Containers (FIBCs), container liners, and industrial bags for cement, fertilizers, chemicals, polymers, food grains, and minerals. Beyond packaging, Lohia Corp’s machinery enables higher-margin technical textile applications, including geotextiles, agro-textile ground covers, tarpaulins, carpet backing, ropes, and specialized industrial twines.

Lohia Corp has demonstrated strong commercial execution, with cumulative global sales exceeding 2,447 tape extrusion lines, 101,452 circular weaving looms, and 502,940 winders. The platform is backed by a proprietary technology moat comprising 127 granted patents worldwide (71 in India and 56 across international jurisdictions), 54 registered trademarks, and eight design registrations, alongside 43 pending IP applications as of July 17, 2026. The business operates a global distribution network with overseas offices across five countries (Brazil, Russia, Thailand, UAE, and USA), strategically positioned warehouses, and stockists spanning eight countries, powered by a workforce of 2,010 permanent employees.

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*Market cap @upper band

• Market leader in India and among the leading manufacturers globally of woven raffia machinery.
• Diverse product portfolio offering end-to-end solutions for the woven fabric ecosystem.
• Strong relationships with a diverse global customer base.
• Advanced manufacturing infrastructure with comprehensive backward integration.
• Technology-driven operations with a strong focus on innovation-led research and development.

The Company IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• The company will not receive any proceeds from the issue.

At the upper band of IPO ₹425, the stock is valued at 23.21 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.