Liotech Industries IPO To Open for Subscription on June 17, 2026: Hardware Manufacturer to Raise ₹36.02 Crore from SME Issue

Mumbai, June 12: Liotech Industries Ltd. will open its initial public offering for subscription on June 17, as the Gujarat-based hardware products manufacturer looks to raise ₹36.02 crore from the public market. The SME issue will remain available for bidding until June 19, with the company scheduled to debut on the BSE SME platform on June 24. 

The public offering comes at a stage when Liotech is expanding its manufacturing capabilities and seeking additional capital to support operations. According to the company’s offer documents, a significant portion of the proceeds will be directed toward acquiring machinery, funding working capital needs and reducing outstanding debt. 

For a company that has rapidly scaled its business in recent years, the IPO represents more than a fundraising exercise. Management is using the public issue to strengthen production infrastructure while creating room for future growth across industrial and construction-linked markets. 

Issue Priced at ₹321 Per ShareIssue Priced at ₹321 Per Share 

Unlike a book-built IPO where investors bid within a price range, Liotech Industries has opted for the fixed-price route. The company has set the issue price at ₹321 per share, meaning all eligible investors will subscribe at the same predetermined price. 

The offer comprises a fresh issue of 8.42 lakh equity shares and an offer for sale of 2.22 lakh shares by existing shareholders. While proceeds from the fresh issue will flow directly into the business, the offer-for-sale component allows certain shareholders to partially monetize their holdings. 

At the issue price, Liotech is targeting a total fundraise of approximately ₹36.02 crore. 

IPO Schedule and Key DatesIPO Schedule and Key Dates 

The subscription window opens on June 17 and closes on June 19, 2026. 

As per the tentative timetable outlined in the prospectus, allotment is expected to be finalized on June 22, while successful applicants could receive shares in their demat accounts on June 23. Trading is scheduled to begin on June 24, subject to the completion of regulatory formalities. 

Such timelines are standard for SME offerings, although final dates can change depending on exchange and regulatory processes. 

Minimum Investment Stands Above ₹2.5 LakhMinimum Investment Stands Above ₹2.5 Lakh 

Liotech has fixed the lot size at 400 shares, with investors required to apply for a minimum of two lots. 

That means retail applicants will need to bid for at least 800 shares, translating into an investment of ₹2.56 lakh at the issue price. For HNI investors, the minimum application size has been fixed at 1,200 shares, requiring an investment of ₹3.85 lakh. 

SME IPOs generally carry higher entry amounts than mainboard offerings because exchanges prescribe larger lot sizes to maintain liquidity in the segment. 

Expansion Plans Drive FundraisingExpansion Plans Drive Fundraising 

The company intends to deploy the fresh issue proceeds across a number of business priorities. 

The largest allocation is earmarked for purchasing machinery and strengthening manufacturing infrastructure. Liotech also plans to use part of the proceeds to repay certain borrowings, a move that could improve its balance sheet by reducing debt obligations. Additional funds have been reserved for working capital and general corporate purposes. 

For manufacturing businesses operating in industrial supply chains, access to working capital often determines how efficiently large orders can be executed and delivered. 

Building a Presence in Industrial HardwareBuilding a Presence in Industrial Hardware 

Liotech Industries, incorporated in 2020, manufactures a wide range of hardware products used across construction and industrial applications. 

Its portfolio includes hinges, door kits, tower bolts, handles, gate hooks, locks and several other hardware components. The company says it offers more than 150 product specifications catering to sectors ranging from housing and infrastructure to mining, solar energy and engineering. 

Alongside manufacturing, the company also trades complementary hardware products, allowing it to serve customers through a broader business-to-business supply model. 

The diversity of its product catalogue has helped Liotech establish relationships across multiple end-user industries rather than relying on a single demand segment. 

Financial Growth Ahead of ListingFinancial Growth Ahead of Listing 

Liotech has reported steady growth in both revenue and profitability in recent years. 

For the nine-month period ended December 31, 2025, the company reported revenue of ₹51.79 crore, compared with ₹40.69 crore recorded for the financial year ended March 2025. Profit after tax stood at ₹5.49 crore, while net worth increased to ₹15.93 crore. 

The company also reported an EBITDA of ₹8.39 crore, reflecting continued operating expansion as manufacturing activity increased. 

These numbers suggest that Liotech enters the public market during a period of business growth rather than a turnaround phase, a factor often monitored closely by SME investors. 

Promoter Holding and Issue ManagementPromoter Holding and Issue Management 

Following the IPO, promoter ownership is expected to decline from 99.99% to 71.23%, reflecting the dilution associated with the fresh issue. 

The issue is being managed by Wealth Mine Networks Pvt. Ltd., while KFin Technologies Ltd. has been appointed registrar. Aikyam Capital Pvt. Ltd. will act as the market maker for the issue. 

As subscription opens next week, market participants will be watching investor response to the fixed-price offering and the company’s growth narrative in the industrial hardware segment ahead of its planned BSE SME listing. 

Source: 

• https://www.bsesme.com/download/358221/SME_IPO%20InPrinciple/LIOTECHINDUSTRIESLIMITEDDP_20250521220958.pdf