Lohia Corp IPO Day 1: Issue opens today. GMP hints 8% listing gain. Should you apply or skip?
New Delhi, July 23 -- The Lohia Corp IPO will open for subscription on Thursday, 23 July, and remain open until Monday, 27 July. The Lohia Corp IPO price band has been fixed at Rs.404-425 per equity share with a face value of Re 1, while the Lohia Corp IPO lot size is 35 equity shares, in multiples of 35 shares thereafter.
Ahead of the issue opening, Lohia Corp raised Rs.492 crore from anchor investors, reflecting strong institutional interest in the public offering.
Under the allocation structure, up to 75% of the net issue has been reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and at least 10% for Retail Individual Investors (RIIs).
As per the tentative schedule, the Lohia Co...
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