Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 23rd July, 2026: Industrial machinery manufacturer Lohia Corp Ltd on Wednesday said it has raised Rs 492 crore from anchor investors ahead of its initial public offering (IPO).
The company allotted 1,15,79,133 equity shares to anchor investors at Rs 425 per share, the upper end of the IPO price band, according to a circular uploaded on the BSE website.
The anchor book witnessed participation from a range of domestic mutual funds, insurance companies and foreign institutional investors, reflecting strong interest ahead of the public issue.