Lohia Corp IPO rec’d Sebi nod

March 2, 2023 admin Leave a reply Post Comment

Lohia Corp IPO Analysis @ Chanakyanipothi.com,
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Lohia Corp IPO Promoters
RAJ KUMAR LOHIA, NEELA LOHIA, GAURAV LOHIA, AMIT KUMAR LOHIA AND RITU LOHIA

Lohia Corp Company Details

Lohia Corp is one of the leading manufacturers globally of machinery and equipment used in the production of technical textile, in particular for manufacturing polypropylene (“PP”) and high density polyethylene (“HDPE”) woven fabric and sacks (“Raffia”), with a global market share of 17.5% across all Raffia machinery and more than 28.7% for machines used in PP/ HDPE fabric making. It is the market leader in India providing end-to-end manufacturing solutions for the Raffia industry with a market share of more than 80% in terms of value and volume, in the machine segment up to the plastic woven fabric stage in Fiscal 2022. In addition to machines for the Raffia industry, it is the leading manufacturer in India of spin-drawwind machines (“LOFIL”) for PP multifilament yarn that is used in upholstery (furnishing fabrics, curtains, among others), filter fabrics, liners (used in suitcases, backpacks, among others) fishing nets, sports nets, decorative laces and as sewing yarn in various applications in the Raffia industry. It also manufactures winders and rewinders for high performance fibres such as carbon fibre, glass fibre and artificial grass. Products manufactured using its machines are used across several industries as packaging application, such as packing of cement, fertilizer, chemicals, polymer, food grain, minerals, shopping bags, leno bags, FIBCs and container liners.
They are also utilised in non-packaging applications, such as wrapping fabric, roof underlayment, lumber wrap, pond liner, tarpaulin, geotextile, geogrid, ground cover, carpet backing, ropes and twines.
Incorporated in 1981 as a joint venture between the Lohia group, through Lohia Engineering Works, and Machinenfabrik Starlinger & Co. GmbH, Austria, it sold our first product, circular looms, in 1983 and expanded its product portfolio thereafter by introducing tape extrusion line under technical collaboration with Windmöller & Hölscher (Germany) in 1984. 

It manufactures a comprehensive suite of machinery and equipment such as tape extrusion lines, winders, circular loom, coating and lamination lines, printing machine, conversion machine, multifilament yarn machine, recycling machines, twister winder and monofilament extrusion lines, amongst others. As of March 31, 2022, it supplied its products to over 90 countries. It provides end-to-end solutions for the entire ecosystem of woven plastic, offering services from concept to commissioning, throughout the complete lifecycle of its machinery.

As of March 31, 2022, the aggregate extrusion capacity of the manufacturing machinery and equipment sold by it was 6.84 million MT. As of March 31, 2022, it had sold approximately 84,218 circular
weaving looms, over 1,989 tape extrusion lines and over 547,972 winders. Of the total extrusion capacity sold by us, as of March 31, 2022, 4.70 million MT or 68.54% was sold domestically, and 2.15 million MT or 31.46% was exported globally. As of March 31, 2022, it had sold the highest volume of machines in the Raffia industry.

For more information about the company, click www.lohiagroup.com/lohia-corp

Objects of the IPO
This is only offer for sale.

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