Lohia Corp is all set to launch its initial public offering (IPO) next week, with the maiden public issue of the manufacturer of machinery used in the production of technical textiles opening for public bidding on July 23. Investors can submit bids till July 27.

The issue entirely comprises an offer for sale (OFS) of over 2.59 crore shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. This means that none of the IPO proceeds will go to the company, as they will be received by the selling shareholders.

Promoters participating in OFS include Raj Kumar Lohia (up to 167.28 lakh shares), Gaurav Lohia (up to 22.18 lakh shares), Amit Kumar Lohia (up to 9.2 lakh shares) and Ritu Lohia (up to 16.71 lakh shares). Other selling shareholders include Alok Kumar Lohia (up to 21.71 lakh shares), Anurag Lohia (up to 11.38 lakh shares) and Anuja Lohia (up to 10.85 lakh shares).

Also read | IPO calendar: 5 IPOs opening for subscription to keep investors busy; SBI Funds among 4 listings scheduled

Lohia Corp reported a net profit of Rs 193 crore for the financial year which ended on March 31, 2026. This marked a 64% year-on-year (YoY) rise from Rs 118 crore net profit reported in FY25. Its revenue from operations, meanwhile, rose around 25% YoY to Rs 1,717 crore in FY26 from Rs 1,377 crore in FY25.

Lohia Corp is the manufacturer of machinery and equipment used in the production of technical textiles, in particular for manufacturing polypropylene and high-density polyethene woven fabric and sacks.

Also read: Zepto said to face sharply lower valuation for IPO

Meanwhile, the primary market will stay active next week, with five IPOs opening for subscription and four IPOs set to list on the exchanges. The focus will be on Xtranet Technologies and Cube Highways Trust InvIT, which are the mainboard offerings scheduled to open next week. Alongside them, a few SME issues will also hit the market. Investors will also track the listing of SBI Funds Management, Millworks Technologies and Alpine Texworld after their IPOs close this week.