Lohia Corp Limited
Lohia Corp Limited is a globally recognised manufacturer of machinery and equipment for technical textiles, particularly for polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks. The IPO is entirely an offer for sale of approximately 2.59 crore shares aggregating up to ₹1,101.28 crores, with listing planned on both BSE and NSE.
Overview
About the Company
Lohia Corp Limited, incorporated in 2023, is a leading global producer of machinery and equipment used in the technical textiles industry, with a particular focus on the manufacture of polypropylene (PP) and high-density polyethylene (HDPE) woven fabric and sacks, commonly known as raffia. The company offers a comprehensive product range that includes tape extrusion lines, circular looms, tape winders, coating and lamination lines, printing and conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines, and recycling machines, along with spare parts and after-sales support. Its six manufacturing facilities are spread across India, the United States, and Italy. As of March 31, 2026, Lohia Corp had an installed capacity to produce 240 tape extrusion lines, 13,800 circular looms, and 108,000 winders annually, and employed 2,010 permanent staff members. The company holds 71 patents in India and 56 patents internationally, alongside 54 registered trademarks. It serves diverse end-use sectors including agriculture, construction, geotextiles, and consumer packaging, and generates the majority of its revenue from the sale of woven raffia machinery and related spare parts. The company also maintains international offices in Brazil, Russia, Thailand, the UAE, and the USA, with warehouses in India, the USA, and the UAE.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › The IPO is entirely an offer for sale; accordingly, all proceeds from the offering will go to the selling shareholders and none will be retained by the company for its own purposes.
✅ Strengths
- ✓ Lohia Corp commands a 15.4% share of the global woven raffia machinery market by value as of 2024, positioning it among the top players worldwide.
- ✓ Within India, the company holds a dominant 40.7% market share by value in the woven raffia machinery segment for FY2025.
- ✓ The company operates six manufacturing facilities across three countries — India, the USA, and Italy — giving it a truly global production footprint.
- ✓ A dedicated in-house R&D team of 251 employees, representing 12.49% of the total workforce, underpins the company's focus on technological innovation.
- ✓ A robust intellectual property portfolio comprising 71 granted patents in India and 56 patents internationally strengthens its competitive positioning.
- ✓ The company offers an end-to-end product ecosystem covering the entire woven fabric value chain, from extrusion to weaving, coating, printing, and recycling.
- ✓ Strong, long-standing relationships with a geographically diverse global customer base provide revenue stability and recurring business.
- ✓ Advanced manufacturing infrastructure with significant backward integration reduces dependency on third-party suppliers and supports cost efficiency.
⚠️ Risks
- ! Woven raffia machines accounted for 88.16% of total revenue from operations in FY2026, making the company highly dependent on a single product category.
- ! A significant portion of raw materials and components is sourced from international suppliers, exposing the business to risks from import restrictions and tariff changes.
- ! With 42.18% of FY2026 revenue from operations originating outside India, the company faces meaningful exposure to foreign currency fluctuation.
- ! All manufacturing activity is concentrated across six facilities, meaning any localised disruption — whether from equipment failures, labour issues, or natural events — could materially affect output.
- ! Volatility in the price or availability of key raw materials could result in increased production costs and compress profit margins.