Liotech Industries IPO Opens Today: Price Band, GMP, and Key Details
The Liotech Industries SME IPO officially opens for subscription today, offering investors a chance to participate in the growth of a rising Gujarat-based hardware manufacturer. With a total issue size of ₹36.02 crore, this offering is designed to fuel the company's expansion and debt reduction strategies.
IPO Structure and Pricing Details
Liotech Industries has set a fixed issue price of ₹321 per share for its upcoming IPO. The total issue size of ₹36.02 crore is composed of two distinct parts: a fresh issue of 9 lakh shares, which will raise approximately ₹28.89 crore, and an Offer for Sale (OFS) of 2.22 lakh shares worth roughly ₹7.13 crore.
The subscription window will remain open until June 19. Based on current unofficial market activity, the Grey Market Premium (GMP) is currently at zero, suggesting a flat listing expectation on the BSE SME platform. The company is scheduled to list on June 24.
Strategic Use of Proceeds
The company has outlined a clear roadmap for the capital raised through the fresh issue. Out of the estimated net proceeds of ₹24.28 crore, Liotech Industries intends to allocate funds toward several critical business areas:
- Machinery Acquisition: Approximately ₹8 crore will be utilized for capital expenditure to enhance manufacturing capabilities.
- Debt Repayment: Around ₹4.95 crore is earmarked to reduce existing liabilities.
- Working Capital: ₹7 crore will be deployed to manage day-to-day operational requirements.
- General Corporate Purposes: The remaining funds will support various unallocated business needs.
Business Profile and Financial Performance
Based in Rajkot, Gujarat, Liotech Industries has established itself since its incorporation in 2020 as a versatile manufacturer of hardware structures and accessories. Their products, ranging from door kits and hinges to tower bolts and shelf supports, serve critical sectors including agriculture, solar, automotive, and infrastructure. Operating a 12,632 square foot facility, the company follows a B2B model with over 150 product specifications.
Financially, the company has demonstrated a consistent upward trajectory. In FY25, Liotech reported a revenue of ₹40.69 crore and a net profit of ₹4.16 crore, up from a revenue of ₹27.87 crore and a profit of ₹2.93 crore in FY24. More recently, for the nine months ending December 2025, the company posted a robust revenue of ₹51.79 crore and a profit after tax of ₹5.49 crore.
Subscription Details for Investors
The IPO is divided equally, with 50% of the net offer reserved for retail investors and 50% for non-institutional investors.
- Retail Investors: A minimum bid of 800 shares is required, necessitating an investment of ₹2.57 lakh.
- High-Net-Worth Investors: A minimum bid of 1,200 shares is required, involving an investment of ₹3.85 lakh.
Wealth Mine Networks serves as the book-running lead manager, while Kfin Technologies is the registrar for the issue.
Key Takeaways
- Issue Overview: A ₹36.02 crore SME IPO priced at ₹321 per share, opening today and closing on June 19.
- Growth Focus: Proceeds are primarily targeted toward machinery acquisition (₹8 crore) and debt repayment (₹4.95 crore).
- Strong Financials: The company shows significant growth, with revenue climbing from ₹27.87 crore in FY24 to ₹40.69 crore in FY25.