The Rs 36 crore IPO of Liotech Industries will open for subscription on Wednesday and will remain available for bidding until June 19. The SME issue is scheduled to list on the BSE SME platform on June 24. Ahead of the opening, the company's shares were commanding no grey market premium (GMP), indicating a flat listing expectation based on unofficial market activity.
Liotech Industries has fixed the issue price at Rs 321 per share. The IPO is a combination of a fresh issue of 9 lakh shares aggregating Rs 28.89 crore and an offer for sale (OFS) of 2.22 lakh shares worth about Rs 7.13 crore. The total issue size stands at Rs 36.02 crore.
The company plans to utilise the proceeds from the fresh issue for capital expenditure towards machinery acquisition, loan repayment, working capital requirements and general corporate purposes. Of the estimated Rs 24.28 crore net proceeds, around Rs 8 crore will be used for machinery purchases, Rs 4.95 crore for debt repayment and Rs 7 crore for working capital needs.
Investors can bid for a minimum of 800 shares, requiring an investment of Rs 2.57 lakh. High-net-worth investors need to apply for at least 1,200 shares, translating into an investment of Rs 3.85 lakh. The issue has reserved 50% of the net offer for retail investors and the remaining 50% for non-institutional investors.
Incorporated in 2020, Rajkot-based Liotech Industries manufactures hardware structures and accessories used across housing, infrastructure, agriculture, automotive, electricity, cement, mining and solar sectors. Its product portfolio includes door kits, hinges, gate hooks, aldrop locks, handles, tower bolts and shelf supports.
The company operates a manufacturing facility spread across 12,632 square feet in Rajkot, Gujarat, and also trades supplementary hardware products such as door stoppers, magnets, table brackets and bed lifters. It follows a business-to-business model and offers more than 150 product specifications catering to different industrial applications.
On the financial front, Liotech has reported steady growth in recent years. For the nine months ended December 2025, the company posted revenue of Rs 51.79 crore and a profit after tax of Rs 5.49 crore. In FY25, revenue stood at Rs 40.69 crore with net profit of Rs 4.16 crore, compared with Rs 27.87 crore and Rs 2.93 crore, respectively, in FY24.
Wealth Mine Networks is the book-running lead manager to the issue, while Kfin Technologies is the registrar. Aikyam Capital will act as the market maker.
The allotment is expected to be finalised on June 22, with shares likely to be credited to demat accounts on June 23 ahead of the tentative listing on June 24.
