Liotech Industries IPO

The Liotech Industries SME IPO runs from 17 Jun 2026 to 19 Jun 2026, offered at an issue price of ₹321 per share, and is set to list on BSE. The company is looking to raise ₹34.17 crore through the offer. Retail investors bid in lots of 400 shares, a minimum application of ₹2,56,800.

Issue structure

The offer combines a fresh issue of ₹27.04 crore with an offer for sale (OFS) of ₹7.13 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward capital expenditure towards acquiring machinery (₹8 crore), alongside working capital requirement (₹7 crore). In all, 5 objects are disclosed — the full break-up is in the table above.

Financials

In FY2025, Liotech Industries reported revenue of ₹51.79 crore and a net profit of ₹5.49 crore. Revenue grew from ₹8.5 crore in FY2023 to ₹51.79 crore in FY2025 (+509.0%). Net worth stood at ₹15.93 crore at the end of FY2025. At the upper band, that puts the issue at roughly 23.1× FY2025 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 17.11× post-issue earnings and 6.04× book value, against a return on net worth of 34.44% and a debt-to-equity ratio of 0.3. These ratios come from the offer document and are for comparison, not a recommendation.

Promoters

The promoters of the company are Hiteshbhai Mansukhbhai Bhuva, Hetal Hitesh Bhuva, Vipul Mansukhbhai Bhuva, Pushpaben Mansukhbhai Bhuva, Mansukhbhai Kadvabhai Bhuva and Femina Vipulbhai Bhuva. Promoter holding stands at 99.99% before the issue and comes down to 71.23% after listing.

Grey market premium (GMP)

In the unofficial grey market, Liotech Industries shares are quoted at a premium of ₹0 implying an expected listing around ₹321, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Liotech Industries IPO was subscribed 1.91 times overall. The strongest demand came from retail investors at 2.97 times, with qualified institutional buyers (QIB) at 0× and non-institutional investors (NII) at 0.85×.

Listing performance

Liotech Industries listed on 24 Jun 2026 at ₹257, a discount of -19.9% over the issue price of ₹321.

What to weigh

When evaluating the Liotech Industries IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Liotech Industries

Incorporated in 2020, Liotech Industries Limited is engaged in the manufacturing of hardware fittings, structures, and related accessories. The company offers a broad range of products used across residential, commercial, and industrial applications. Its product portfolio includes door kits, multiple varieties of hinges such as cut & butt hinges, parliament hinges, W hinges, Z hinges, and duck hinges, along with gate hooks, aldrops, locks, handles, tower bolts, and shelf bottoms. In addition to manufacturing, the company also trades complementary hardware products. Liotech Industries offers more than 150 product specifications serving a diverse range of industries including housing, infrastructure, agriculture, automotive, electrical, cement, mining, solar energy, and general engineering. The company primarily operates under a business-to-business (B2B) model. Alongside its manufactured products, it also supplies traded items such as door stoppers, magnets, table brackets, bed lifters, and bell magnets to expand its product offering. Its manufacturing facility is located in Rajkot, Gujarat , with an operational area of approximately 12,632 square feet . Product portfolio: Door kits Hinges in multiple designs and dimensions Gate hooks Aldrops Locks and handles Tower bolts and shelf bottoms Door stoppers, magnets, table brackets, and bed lifters As of July 31, 2024, the company employed 17 people . Competitive strengths: Experienced and skilled management team with industry knowledge. Strong focus on quality standards, product consistency, and customer service. Diversified product portfolio with a wide range of hardware solutions across industries.