Kanpur-based Lohia Corp Limited, a global supplier of machinery for end-to-end solutions for the plastic woven fabric industry used for packaging systems for solid bulk materials and infrastructure applications has filed its Draft Red Herring Prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). The public issue with a face value of Re 1 per equity share is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by the existing shareholders, which comprises up to 5,125,000 equity shares by Raj Kumar Lohia, up to 410,000 equity shares by Neela Lohia, up to 2,000,000 equity shares by Gaurav Lohia, up to 4,247,000 equity shares by Amit Kumar Lohia, up to 1,537,000 equity shares by Ritu Lohia collectively as ("Promoter Selling Shareholders"), up to 2,700,000 equity shares by Ajay Lohia, up to 3,116,000 equity shares by Shradha Lohia, up to 320,000 equity shares by Gopal Chandra Lohia, up to 2,925,000 equity shares by Jitendra Kumar Lohia, up to 2,619,000 equity shares by Alok Kumar Lohia, up to 3,741,000 equity shares by Anurag Lohia, and up to 2,955,000 equity shares by Anuja Lohia collectively as ("Other Selling Shareholders"). The offer also includes a reservation for a subscription by eligible employees. The Offer is being made through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders. Incorporated as Lohia Starlinger Limited in 1981, today as stated in its DRHP Lohia Corp Limited 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. PP Raffia is a packaging material made from weaving ribbons of oriented polypropylene. The Woven sacks sector is a key segment of the plastic processing industry in India. It began its operations in 1983 with the production of circular looms and winders through Maschinenfabrik Starlinger & Co., Austria, Lohia Corp established a joint venture with Starlinger & Co. GmbH. As a result, it expanded its portfolio in 1984 by including tape extrusion lines & winders in its production program under technical collaboration with Windmöller & Hölscher (Germany) in 1986. Today, it has a broad variety of equipment in each technology vertical to provide complete solutions for the Raffia Industry. In 2019, Lohia Corp acquired Leesona Corp, a large textile machinery and equipment manufacturers in the USA, with expertise in winding technology, manufacturing winders, re-winders, take-ups and winders for flanged spool and parallel winding. Through its acquisition it acquired machinery for producing high performance fibres like carbon fibre, glass fibre, aramid fibres and monofilaments like high tenacity polyethylene, artificial grass. In 2021, it acquired the lamination / coating machines business for woven fabric from Sundarlam Industries of Bengaluru and incorporated Sundarlam Industries Private Limited, in which the Company has 80% stake. As on March 31, 2022, it had been granted over 26 patent grants in India and had submitted 58 patent applications, which were presently being reviewed. It has submitted more than 55 overseas applications under the Patent Cooperation Treaty ("PCT"), along with patents granted in more than 30 nations. It is among the top 50 India brands based on PCT filings over the last three years. Led under the Chairmanship of Raj Kumar Lohia, 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, according to Frost & Sullivan report mentioned in its draft prospectus. In addition to machines for the Raffia industry, it is also the leading manufacturer in India of spin-draw-wind 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. Lohia Corp also manufactures winders and rewinders for high-performance fibres such as carbon fibre, glass fibre, and artificial grass. The packaging of cement, fertiliser, chemicals, polymers, food grains, minerals, shopping bags, leno bags, FIBCs, and container liners are just a few examples of the products made utilising its machines that are employed in a variety of sectors. 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. As of March 31, 2022, the company has a customer base comprising over 2000 customers in over 90 countries globally. It provides end-to-end solutions for the entire ecosystem of woven plastic, offering services from concept to commissioning, throughout the complete lifecycle of our machinery. It supplies machinery and equipment through a global sales network. The company's revenue from operations increased by 67.75% to Rs 2,237.48 crore for the Financial Year 2022 from Rs 1,333.79 crore for the Financial Year 2021, primarily due to an increase in the sale of manufacturing goods, high demand in the domestic market, and sale of traded goods. However, profit after tax for the FY 2022 stood at Rs 160.85 crore against Rs 119.30 crore in FY21. From fiscal 2020 to 2022, revenue and EBITDA grew at a CAGR of 43.6% and 63.9% respectively. Lohia Corp's orderbook as on 31st March 2022 stood at Rs 1,686.21 cr. It intends to tap opportunities in the recycling segment for customers in the Raffia Industry besides foraying into complimentary strategic businesses so to grow its revenue stream. The second-largest market for woven sack machines worldwide is in India. The entire market in India for plastic woven fabric machines has reached around $248.0 million (Rs 2023.93 crore) in Fiscal 2022, growing at a rate of 59.0%. At a CAGR of 13.2% from Fiscal 2022 to Fiscal 2027, it is anticipated to reach USD 462.0 million (Rs 3770.38 crore) in the following fiscal year. Its Net Debt to EBITDA stood at 0.48. In 2021, the total global market for plastic woven fabric machines amounted to about $ 1,380.0 million and is expected to reach $ 1790.0 million in 2026, at a CAGR of 5.3%. From Fiscal 2022 to 2027, rising investments in infrastructure projects (cement, construction) and rising Raffia bag consumption across a variety of user industries (food and beverage, chemicals, fertilisers, agricultural), respectively, encouraged the expansion of the machinery market. ICICI Securities Limited, IIFL Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisory Limited are the book-running lead managers. The equity shares are proposed to be listed on BSE and NSE.

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