Liotech Industries Rs 36-Cr IPO Set to Open This Wednesday
Gujarat-based precision hardware manufacturer Liotech Industries is preparing to tap into the capital markets with a ₹36 crore Initial Public Offering (IPO). The SME offering provides an opportunity for investors to participate in the growth of a specialized manufacturer focused on high-quality hardware components.
IPO Details and Listing Timeline
The Liotech Industries IPO is scheduled to open for public subscription on June 17 and will remain open for bidding until June 19. Investors interested in the SME segment can participate in this offering, which is structured as a combination of a fresh issue and an offer for sale.
The total public offer consists of a fresh issue of up to 9 lakh equity shares, alongside an offer for sale (OFS) of 2.22 lakh shares by the company's promoters. Following the subscription period, the shares are tentatively scheduled to be listed on the BSE SME platform on June 24. Wealth Mine Networks Ltd has been appointed as the sole book running lead manager for this issue.
Strategic Use of Proceeds
The company has outlined a clear roadmap for the capital raised through the fresh issue. Liotech Industries intends to deploy the net proceeds toward several critical growth drivers, including capital expenditure for acquiring new machinery, the repayment of existing debt, and bolstering working capital requirements.
Hiteshbhai Mansukhbhai Bhuva, Managing Director of Liotech Industries Ltd, emphasized that these funds are vital for scaling operations. He noted that the infusion will enable the company to upgrade its manufacturing infrastructure and enhance production capabilities. These strategic moves are designed to increase the company's order-taking capacity, expand its geographical footprint, and maintain the high-quality standards required in the precision hardware industry.
Company Profile and Financial Performance
Headquartered in Gujarat, Liotech Industries specializes in the manufacturing of a wide range of precision hardware structures and accessories. Their product portfolio is diverse, catering to the construction and home improvement sectors with items such as door kits, hinges, hooks, aldrops, locks, handles, and bolts.
The company’s recent financial data reflects a stable operational foundation. For the fiscal year 2025 (FY25), Liotech Industries reported a total revenue of ₹40.67 crore. During the same period, the company achieved a profit after tax (PAT) of ₹4.16 crore, demonstrating its ability to maintain profitability while managing its manufacturing scale.
Key Takeaways
- IPO Schedule: The ₹36-crore IPO opens on June 17 and closes on June 19, with a tentative BSE SME listing on June 24.
- Growth Objectives: Proceeds from the fresh issue of 9 lakh shares will fund machinery acquisition, debt repayment, and working capital expansion.
- Financial Health: The company reported a revenue of ₹40.67 crore and a profit after tax of ₹4.16 crore in FY25.