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QIBs Push Lohia Corp IPO to 7.25x Subscription on Final Day
The Lohia Corp IPO closed 7.25x subscribed; QIBs bid 9.11x on the final day. Analysts flagged strong returns but noted risks including subsidiary losses and forex exposure.
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The Lohia Corp IPO closed Monday with an overall subscription of 7.25 times. Total bids reached 10.40 crore shares against 1.43 crore on offer.
The final day saw a surge from institutional investors, reversing a slow start. The Qualified Institutional Buyer category subscribed 9.11 times, with bids for 7.03 crore shares. Foreign institutional investors led within that group, bidding for 3.91 crore shares. Mutual funds placed bids for 1.67 crore shares. At the end of Day 2, the QIB category stood at just 0.51 times.
The Non-Institutional Investor category closed at 6.82 times, with bids for 2.63 crore shares. High-net-worth individuals bidding above ₹10 lakh subscribed 7.35 times. The sub-₹10 lakh NII segment came in at 5.77 times.