Lohia Corp IPO: Issue receives modest response on Day 1, subscribed 0.40 times; GMP signals muted listing

Lohia Corp’s IPO saw modest demand on Day 1, with bids for 56.8 lakh shares against an offer of 1.43 crore shares, achieving 0.40 times subscription. The IPO continues until July 27, with a price band of ₹404-425 per share.