Branch² Intelligence
Lohia Corp fixes the price band for its ₹1,101 crore IPO — More details here
Key takeaway
Lohia Corp sets ₹1,101 crore IPO price band; entire offer is an OFS by the Lohia family.
- Step 1Lohia Corp announces ₹1,101 crore OFS IPO; entire proceeds go to selling shareholders.
- Step 2No fresh capital infusion means Lohia Corp's operational capacity and R&D budget remain unchanged.
- Step 3Indian plastic processing SMEs continue with existing supplier dynamics; no new capacity or pricing pressure from Lohia Corp.
- Step 4IPO may attract analyst coverage and peer comparison, potentially influencing competitor strategies.
Source: CNBC TV18 (Markets)
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