Kanpur-based Lohia Corp Limited, an equipment supplier offering complete solutions for plastic woven fabrics, bulk solids packaging systems and infrastructure applications, has filed a red herring with the market regulator. Securities and Exchange Board of India (SEBI) to raise funds through an Initial Public Offering (IPO). The public offering at a par value of R$1 per share is up to 31,695,000 shares for existing shareholders, including up to 5,125,000 Raj Kumar Lohia shares, up to 410,000 Neela Lohia shares, up to 2,000,000 Gaurav Lohia shares and up to 4,247,000 shares of Amit Kumar Lohia 1,537,000 shares of Ritu Lohia collectively (“Shareholder Selling Promoter”) up to 2,700,000 shares held by Ajay Lohia, up to 3,116,000 shares held by Shradha Lohia, up to 320,000 shares held by Gopal Chandra Lohia, u Jitendra Kumar Lohia up to 2,925,000 shares, Alok Kumar Lohia up to 2,619,000 shares, Anurag Lohia up to 3,741,000 shares and Anuja Lohia up to 2,955,000 shares (“Other Selling Shareholders”). The offer also includes subscription reservations for eligible employees. Offers are made through a book building process in which no more than 50% of offers must be distributed to qualified institutional buyers, at least 15% of offers must be distributed to non-institutional bidders, and at least 35% of offers. must be distributed to individual retailers. Founded in 1981 as Lohia Starlinger Limited, today, as described by DRHP Lohia Corp Limited, is one of the world’s leading manufacturers of machinery and equipment for the production of technical textiles, in particular polypropylene (“PP”) and high density polyethylene (“HDPE”) woven fabrics and bags (“Raffia”), with a global market share of 17.5% of all Raffia machines and over 28.7% of machines used in PP/HDPE fabric production. PP Raffia is a packaging material made from oriented polypropylene webbing. 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. 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. The woven bag sector is a key segment of the plastics processing industry in India. Он начал свою деятельность в 1983 году с производства круглоткацких станков и намоточных машин через Maschinenfabrik Starlinger & Co., Австрия, Lohia Corp создала совместное предприятие со Starlinger & Co. It started in 1983 with the manufacture of circular looms and winders through Maschinenfabrik Starlinger & Co., Austria, Lohia Corp entered into a joint venture with Starlinger & Co. GmbH. The woven bag sector is a key segment of the plastics processing industry in India. It started in 1983 manufacturing circular looms and winders through the Austrian company Starlinger Maschinenbau, a joint venture between Lohia Corp and Starlinger. OOO 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. 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 . В результате в 1984 году компания расширила свой портфель, включив в свою производственную программу линии экструзии ленты и намоточные машины в рамках технического сотрудничества с Windmöller & Hölscher (Германия) в 1986 году. As a result, in 1984 the company expanded its portfolio to include tape extrusion lines and winders in its production program as part of a technical cooperation with Windmöller & Hölscher (Germany) in 1986. solutions for the raffia industry. In 2019, Lohia Corp acquired Leesona Corp, a major U.S. manufacturer of textile machinery and equipment with experience in winding technology, manufacturing winders, rewinders, winders and winders for flanged spools and parallel windings. .因此，它在1984 年扩大了产品组合，在1986 年与Windmöller & Hölscher（德国）进行技术合作，将胶带挤出生产线和卷绕机纳入其生产计划。因此 ， 它 在 在 1984 年 了 产品 组合 ， 在 1986 年 与 windmöller & hölscher （） 进行 技术 合作 ， 将 带 挤出 和 卷绕机 纳入 其 生产。。。。 计划 计划 计划 计划 计划 计划 计划 计划 计划 计划В результате в 1984 году компания расширила ассортимент своей продукции, а в 1986 году вступила в техническое сотрудничество с компанией Windmöller & Hölscher (Германия), чтобы включить в свою производственную программу линии экструзии ленты и намоточные машины. As a result, in 1984 the company expanded its product range and in 1986 entered into a technical cooperation with Windmöller & Hölscher (Germany) to include tape extrusion lines and winders in its production program. Today, the company has a wide range of equipment for every technology vertical to offer a complete range of equipment. tensioners and winders for flange and parallel winding. As a result of the acquisitions, the company acquires machines for the production of high performance fibers (eg carbon, glass, aramid) and monofilaments (eg high tenacity polyethylene, artificial grass). In 2021, Sundarlam Industries business of looms and coating machines in Bangalore will be acquired and Sundarlam Industries Private Limited will be established with the company owning 80% of the shares. As of March 31, 2022, over 26 patents have been issued in India, with 58 patent applications pending. He has filed over 55 overseas applications under the Patent Cooperation Treaty (“PCT”) and has granted patents in over 30 countries. 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. 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. It is ranked among the Top 50 Indian Brands based on PCT filings over the past three years. Led by Raj Kumar Lohia, it is the market leader in India, providing complete manufacturing solutions for the raffia industry with market share. Согласно отчету Frost & Sullivan, упомянутому в проекте проспекта, более 80% в стоимостном выражении и объеме в машинном сегменте вплоть до этапа производства пластиковых тканых материалов в 2022 финансовом году. More than 80% in value and volume in the machine segment up to the plastic woven fabrics phase in FY 2022, according to the Frost & Sullivan report cited in the draft prospectus. It is one of the top 50 brands in India in terms of PCT filings over the past three years. Under the leadership of Raj Kumar Lohia, it is the market leader in India providing complete manufacturing solutions for the raffia industry and has market share in terms of value and volume. in the machine segment by fiscal year 2022 will exceed 80%. In addition to raffia machines, it is also the leading manufacturer of Spin-Draft-Drawer (“LOFIL”) machines in India, producing polypropylene multifilaments for upholstery (furniture fabrics, curtains, etc.), filter fabrics, yarns, linings (for suitcases, backpacks, etc.), fishing nets, sports nets, decorative lace and as sewing thread for various applications in the production of raffia. Lohia Corp also manufactures winding and rewinding fibers as well as artificial grass for high quality fibers such as carbon fiber, glass, etc. Packaging for cement, fertilizer, chemicals, polymers, food grains, minerals, shopping bags, sacks leno, big bags and container liners are just a few examples of products produced with its machines, which are used in a variety of applications. They are also used in non-packaging applications such as wrapping fabrics, roofing, wood film, pond cover, tarpaulins, geotextiles, geogrids, floor coverings, carpet backing, ropes and twine. As of March 31, 2022, the company had over 2,000 customers in over 90 countries. It provides end-to-end solutions for the entire woven plastics ecosystem, from concept to commissioning, throughout the lifecycle of our machines. It supplies machinery and equipment through a global sales network. The company’s operating income increased by 67.75% from Rs 1,333.79 crore in FY 21 to Rs 2,237.48 crore in FY 22, mainly due to increased sales of industrial products, strong domestic demand and sales of goods for trade. However, profit after tax in FY 22 was Rs 1,608.5 crore compared to Rs 1,193 crore in FY 21. Revenue and EBITDA will grow at a CAGR of 43.6% and 63.9%, respectively, from FY2020 to FY22. Lohia Corp’s order book as of March 31, 2022 is Rs 1,686.21. In addition to entering into additional strategic ventures to increase the revenue stream, he also intends to explore opportunities in the processing sector for customers in the raffia industry to increase the revenue stream. The second largest bag knitting machine market in the world is in India. The entire plastic knitting machine market in India reached approximately US$248 million (Rs. 202,393 crores) by FY 2022 with a growth rate of 59.0%. From FY 2022 to FY 2027, the compound annual growth rate is 13.2% and is expected to reach $462 million (Rs 377,038 crores) in the next fiscal year. Its net debt to EBITDA is 0.48. In 2021, the global plastic knitting machine market will be about US$1.38 billion and is expected to reach US$1.79 billion in 2026, which is a CAGR 5.3%. Rising investment in infrastructure projects (cement, construction) and increased consumption of raffia bags in various industries (food and beverage, chemicals, fertilizers, agriculture) from FY22 to FY27 stimulate the machine market and, accordingly, its expansion. ICICI Securities Limited, IIFL Securities Limited, HSBC Securities and Capital Markets (India) Private Limited and Motilal Oswal Investment Advisory Limited are bookrunners. Shares must be listed on the BSE and NSE.
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Post time: Oct-08-2022