Lohia Corp kicked off its public offering with a tempered reception from the investor community. By the close of the first day, the company saw bids for 5.68 million shares against a total offering of 14.3 million, resulting in a modest subscription rate of 0.40 times.
The current price range for the issue is set between ₹404 and ₹425 per share. While the subscription window remains open until July 27, current market sentiment is reflected in the tepid Grey Market Premium (GMP), which suggests a potentially subdued debut on the stock exchanges.
Investors appear to be weighing the offer carefully amid broader market volatility. The coming days will be critical in determining whether retail and institutional interest accelerates as the subscription deadline approaches.
