About Liotech Industries IPO
Liotech Industries IPO Details
Liotech Industries IPO is a 100% fixed-price issue of 11.22 lakh equity shares worth up to ₹36.01 crore, comprising a fresh issue of ₹28.89 crore and an offer for sale (OFS) of ₹7.12 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on August 12, 2025 and received approval on September 17, 2025.
The price band of the issue is set at ₹321 per share and the lot size for an application is 400 shares. The minimum amount of investment required by an individual investor (retail investor) is ₹2,56,800 (800 shares). The IPO will open for subscription from June 17 to 19, 2026, on the BSE SME platforms, with a tentative listing on June 8, 2026. The book-running lead manager of the issue is Wealth Mine Networks Ltd., while the registrar to the issue is Kfin Technologies Ltd.
Liotech Industries IPO Date & Timeline
The Liotech Industries IPO is officially set to open for subscription on Jun 17, 2026 and will close on Jun 19, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on August 12, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window allotment is expected on Jun 22, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on Jun 22, 2026. Finally, the Liotech Industries Ltd.'s shares are tentatively scheduled to list on the stock exchanges on Jun 24, 2026.
Liotech Industries IPO Timeline
| IPO Open Date | Wed, Jun 17, 2026 |
| IPO Close Date | Fri, Jun 19, 2026 |
| Tentative Allotment | Mon, Jun 22, 2026 |
| Initiation of Refunds | Mon, Jun 22, 2026 |
| Credit of Shares to Demat | Tue, Jun 23, 2026 |
| Tentative Listing Date | Wed, Jun 24, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Liotech Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | 17 to 19 Jun, 2026 |
| Listing Date | 24 Jun, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 321 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 11,22,000 shares (agg. up to ₹ 36 Cr) |
| Reserved for Market Maker | 58,000 shares (agg. up to ₹ 2 Cr) Aikyam Capital Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 8,42,000 shares (agg. up to ₹ 27 Cr) |
| Offer for Sale | 2,22,000 shares of ₹10 (agg. up to ₹ 7 Cr) |
| Net Offered to Public | 10,64,000 shares (agg. up to ₹ 34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,00,000 Shares |
| Share Holding Post Issue | 39,00,000 shares |
Liotech Industries IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Liotech Industries IPO GMP is currently trading at ₹50, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹371, which is 15.58% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Liotech Industries GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 20 Jun 2026 | ₹321 | ₹0 | 20 Jun, 202612:02 PM |
| 19 Jun 2026 | ₹321 | ₹50 | 19 Jun, 202609:59 AM |
| 18 Jun 2026 | ₹321 | ₹55 | 18 Jun, 202604:12 PM |
| 17 Jun 2026 | ₹321 | ₹51 | 17 Jun, 202609:55 AM |
| 16 Jun 2026 | ₹321 | ₹0 | 17 Jun, 202609:55 AM |
| 15 Jun 2026 | ₹321 | ₹0 | 17 Jun, 202609:55 AM |
| 14 Jun 2026 | ₹321 | ₹0 | 17 Jun, 202609:55 AM |
| 13 Jun 2026 | ₹321 | ₹0 | 13 Jun, 202609:52 AM |
| 12 Jun 2026 | ₹321 | ₹0 | 13 Jun, 202609:52 AM |
| 11 Jun, 2026 | ₹321 | ₹0 | 11 Jun, 202610:29 AM |
Company Background
Liotech Industries Ltd. was incorporated as a private limited entity under the name "Liotech Industries Private Limited" on June 17, 2020, in Gujarat. Over its operational tenure, the business focused on building structural capabilities in the engineering fabrication landscape. On February 6, 2024, the company transformed into a public limited company to proceed with its public listing procedure.
The company is mainly in the production of hardware structures and accessories, like door kits, gate hooks and so on. The company adheres to a B2B operational framework and the main focus is on building good relationships with the clients. With the production the company is also engaged in the trading of supplementary products.
Operations & Product Range
Liotech Industries Ltd. specialises in manufacturing, processing and distributing a diverse portfolio of over 150 hardware structural elements and building accessories. Its manufactured range includes door kits, hinges, gate hooks, locks, handles and tower bolts. Operating within a B2B framework, the firm caters directly to industrial buyers, bulk suppliers and construction enterprises. Additionally, it maintains an active trading wing to distribute supplementary items like architectural door stoppers, magnetic catches, brackets and heavy-duty bed lifters, offering a comprehensive catalogue to its institutional clientele.
Facilities & Capacity
The primary operational machinery and industrial infrastructure of Liotech Industries Ltd. are centralised within the dedicated manufacturing zone in Gujarat, which provides structural logistical advantages, regular power supply corridors and proximity to major transport lines for domestic raw material sourcing and product distribution. The facility houses machinery for metal pressing, forming, cutting and finishing treatments required to produce precision hardware items with standardized measurements. The company aims to upgrade its manufacturing facilities and this infrastructure deployment will help to scale production speeds, increase overall output caps and minimise raw material processing waste.
Brands & Market Presence
Liotech Industries Ltd. operates its structural and architectural hardware range under the branded identity named “LIOTECH.” This branding strategy caters to the particular engineering needs of various industries like real estate housing, infrastructure engineering, agriculture engineering, automotive parts engineering, electrical engineering, solar energy engineering, structural setup and general engineering. Its corporate presence is restricted to catering to the domestic industrial zones in India. It complies with the industrial regulations of the nation and follows standard manufacturing processes in its Rajkot plant to satisfy the demands of its business clientele.
Revenue Streams & Business Model
The primary revenue source of Liotech Industries Ltd. is derived from the direct sale of manufactured hardware accessories and architectural fittings to corporate entities and trade distributors. This manufactured segment is supplemented by secondary revenue streams coming from the trading division, which supplies external auxiliary hardware items to the existing client base. Financially, the operations have scaled over the last three financial years, as the revenue from operations stood at ₹40.67 crore and the PAT was at ₹4.16 crore for the financial year 2025.
The business model is B2B, relies entirely on domestic transactions, utilising localised supplier dynamics to secure its financial position. They trade goods directly to traders and customers without using a distribution channel; they prioritise relationship building for better operations.
Management & Shareholding
The promoters of Liotech Industries Ltd. are Mr. Hiteshbhai Mansukhbhai Bhuva, Mrs. Hetal Hitesh Bhuva, Mr. Vipul Mansukhbhai Bhuva, Mrs. Pushpaben Mansukhbhai Bhuva, Mr. Mansukhbhai Kadvabhai Bhuva and Mrs. Femina Vipulbhai Bhuva. Before the IPO, the promoters held a 99% stake in the company, but after the IPO, the promoters' shareholding will be slightly diluted as the offering includes 2.23 lakh equity shares OFS by existing shareholders.
Board & Key Management
The leadership of Liotech Industries Ltd. is led by a team of experts with many years of experience. Mr. Hiteshbhai Mansukhbhai Bhuva serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Mr. Hiteshbhai Mansukhbhai Bhuva, the Managing Director, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Liotech Industries IPO Financial Information
Latest Revenue
51.61
₹ Crore
Profit After Tax
5.49
₹ Crore
Net Worth
15.93
₹ Crore
Total Borrowing
4.81
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 30.5 | 51.61 | 5.49 | 15.93 | 12.93 | 4.81 | |||
| 31 Mar 2025 | 19.77 | 40.67 | 4.16 | 10.45 | 7.45 | 4.22 | |||
| 31 Mar 2024 | 14.27 | 27.86 | 2.81 | 6.28 | 3.28 | 3.55 | |||
| 31 Mar 2023 | 4.14 | 8.49 | 0.36 | 2.47 | 0.46 | 1.38 | |||
| Amount in ₹ Crore | |||||||||
Liotech Industries Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 34.44 % |
| ROCE | 44.45 % |
| Debt/Equity | 0.3 |
| RoNW | 34.44 % |
| PAT Margin | 10.64 % |
| EBITDA Margin | 16.25 % |
| Price to Book Value | 6.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.88 | 18.76 |
| P/E (x) | 23.13 | 17.11 |
Liotech Industries IPO Objectives
The company intended to utilise the Liotech Industries IPO proceeds for strategic purposes:
- • Funding the working capital requirement
- • Investment in the manufacturing unit by funding the purchase of equipments
- • Repayment of loan
- • General corporate purposes
Liotech Industries IPO Review
Liotech Industries Ltd. occupies a specialised operational niche within the fragmented hardware and engineering fabrication sector in India. The business model benefits from diversified demand across expanding downstream markets like housing infrastructure, solar power setups and automotive manufacturing. Its specialised position as a direct B2B supplier allows the firm to capture repeat industrial orders, though it operates in a highly competitive market populated by both unorganised local workshops and established brands.
Financially, the company has a financial performance that presents an expanding operational base over the analysed historical terms. For FY25, the total income was reported at ₹40.68 crore and PAT was reported at ₹4.16 crore. Notably, the top 10 customers contributed ₹37.19 crore, which is 91.43% of the total sales of the product.
However, the investors must be aware of the operational risks of the company, including the active reliance on credit lines to run day-to-day operations and the manufacturing setup being concentrated entirely within a single geographical location in Rajkot, Gujarat and the heavy reliance on the top customers; over 90% of sales are from the top repeated customers. Overall, the IPO presents a strong firm whose long-term trajectory will depend on the successful commissioning of the newly funded machinery and its ability to protect profit margins against fluctuations in raw metal input costs.
Conclusion
Liotech Industries IPO is an opportunity for investors to invest in a growing company that brings a rapidly scaling regional hardware fabricator into the public SME market ecosystem. Backed by its primary brand portfolio, the firm has successfully translated expanding domestic infrastructure activities into operational revenue growth over the last three fiscal periods. With this listing, the company aims to fund its machinery expansion and strengthen its financial statements by reducing its outstanding borrowing.
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Competitive Strengths
Diversified product portfolio of over 150 unique specifications of hardware products and structural components catering to diverse sectors like housing, solar and agriculture.
Strategic Location Advantage: Centralized manufacturing base in Shapar, Rajkot, provides direct logistical connections to established industrial supply corridors.
Demonstrated Financial Scaling: Consistent upward momentum in operational revenues and net profitability over the FY 2023 to FY 2025 period.
Integrated B2B Business Model: Blends direct precision manufacturing with targeted product trading to serve as a single-source partner for institutional clients.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 800 | 256800 |
| Individual investors (Retail) (Max) | 2 | 800 | 256800 |
| HNI (Min) | 3 | 1200 | 385200 |