Lohia Corp’s initial public offering concluded on Friday with a final subscription of 7.26 times, reflecting sustained investor appetite across all investor categories.
The issue, priced in the range of ₹404 to ₹425 per share, attracted bids for 10.41 crore shares against the total offer size.
Grey market trading for Lohia Corp shares had been pricing in a 9% listing gain, with unofficial trades occurring at a premium of ₹40 per share above the upper price band.
The Qualified Institutional Buyer (QIB) segment emerged as the primary driver of demand, recording a subscription level of 9 times, while the Retail Individual Investor (RII) category had already been fully subscribed at 1.08 times during the second day of bidding.
The strong institutional uptake contrasts with the broader market sentiment, which has been cautious on new issues in recent weeks.
Grey market trading for Lohia Corp shares had been pricing in a 9% listing gain, with unofficial trades occurring at a premium of ₹40 per share above the upper price band.
This premium suggests that early positioning by arbitrageurs and speculative traders anticipates a positive debut, although grey market prices are not indicative of actual listing performance.