Lohia Corp IPO Day 3: Issue booked 59% so far. GMP hints 1.65% listing gain. Should you apply or avoid?

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Lohia Corp IPO opened on July 23 and closes on July 27, with a price band of ₹404 to ₹425 per share. The company raised ₹492 crore from anchor investors, with about 75% reserved for QIBs. Allotment is expected on July 28.