Liotech Industries Summary
Liotech Industries functions in the industry of other industrial products and hardware manufacturing. The company is involved in offering an extensive list of services of manufacturing and trading of the hardware structures and accessories. Some of the products offered by the firm include door kits, a variety of hinges (cut & butt, parliament, W, Z, and duck hinges), gate hooks, aldrop, locks, handles, tower bolts, shelf bottoms, door stoppers, magnets, table brackets, bed lifters, and bell magnets. These products are accessible through the B2B sales channel. The requirements of the housing, infrastructure, agriculture, automotive, electricity, cement, mining, solar energy, and general engineering industries are catered to by the firm. Following the B2B manufacturing and trading business model, Liotech Industries earns revenue from manufacturing hinges, bolts, and accessories in different sizes, and trading additional products.
With respect to operations, the firm operates using their own production facility that is situated in Rajkot, Gujarat, and covers an area of 12,632 sq. ft. The firm uses machinery and 17 permanent staff members for their production activities. With the help of a wide range of products with more than 150 specifications in hardware accessories; maintaining quality standards; and an experienced staff, the firm makes sure that they earn constant revenues.
Liotech Industries Ltd is launching a BSE SME fixed price IPO with a face value of ₹10 per share and an issue price of ₹321.00 per share. The total issue size is ₹36.02 Cr, comprising a fresh issue of ₹27.03 Cr and ₹7.13 Cr offer for sale, with ₹1.86 Cr reserved for the market maker. The issue is structured for NII and Retail investors, and the tentative listing is on BSE SME on 8th June 2026.
Liotech Industries IPO Details:
Liotech Industries Limited Issue Management:
Wealth Mine Networks Pvt.Ltd. acts as the book-running lead manager for Liotech Industries BSE SME IPO, managing underwriting and compliance.
Liotech Industries Limited IPO RTA (Registrar) Details:
Kfin Technologies Ltd. handles allotment, refunds, and demat credits - contact at 04067162222, 04079611000 or liotech.ipo@kfintech.com.
Liotech Industries Limited IPO Allotment Status:
To check your IPO allotment status:
Visit the Kfin Technologies Ltd. IPO Application Status page.
Select the company name from the dropdown menu.
Select and enter PAN, Application Number, DP/Client ID, or Account Number/IFSC.
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Liotech Industries SME IPO totals ₹36.02 Cr, comprising a fresh issue of ₹27.03 Cr and ₹7.13 Cr offer for sale. The face value is ₹10 per share and the issue price is ₹321.00 per share (fixed price issue on BSE SME). Additionally, ₹1.86 Cr is reserved for the market maker.
Liotech Industries Limited IPO proceeds from the fresh issue will be deployed towards:
Liotech Industries IPO offers 11,22,000 equity shares (total issue ₹36.02 Cr, net offer to public 10,64,000 shares after market-maker reservation).
Liotech Industries IPO does NOT have anchor investors as it is a Fixed Price SME IPO (not a book-built issue). Anchor investors are only applicable to book-built IPOs where a separate anchor book is opened one day before the IPO opens. Since this is a fixed price issue, there is no anchor bidding, no anchor allocation, and no anchor investor list to be disclosed.
The profitability of Liotech Industries Ltd comes from the production of hardware structures and accessories such as door kits, hinges that include cut and butt, parliament, W, Z, and duck, gate hooks, aldrop, locks, handles, tower bolts, and shelf bottoms. The company generates its profitability through B2B manufacturing and trading by providing more than 150 specifications serving different sectors, such as construction, housing, agriculture, automobiles, electricity, cement, mining, solar power, and engineering.
When looking at the financial performance, Liotech Industries has shown remarkable growth because the total income for the organization increased from ₹8.50 crore in FY23 to ₹27.87 crore in FY24 and again from ₹27.87 crore in FY24 to ₹40.69 crore in FY25. Further, the PAT of the organization increased from ₹0.35 crore in FY23 to ₹2.93 crore in FY24 and ₹4.16 crore in FY25. The EBITDA for the organization is recorded as ₹6.56 crore in FY25 against ₹4.45 crore in FY24 and ₹0.87 crore in FY23. Importantly, the margins of the organization were also in the positive direction because the EBITDA margin and PAT margin showed improvement by recording at 16.13% and 10.24% in FY25, respectively. The ROE and ROCE of the organization were very high, at 39.86% and 50.43%, respectively, in FY25.
Action Links:
To apply for Liotech Industries Limited IPO, open a demat account here
Liotech Industries Limited IPO Subscription Status: Check live subscription here
Liotech Industries Limited IPO GMP Update: Check latest grey market premium here
Liotech Industries Key Highlights:
Liotech Industries Limited specializes in the manufacture of hardware structures and fittings. The items manufactured by the company include door kits, multiple types of hinges, gate hooks, aldrop, locks, handles, tower bolts, and shelf bottoms. It has more than 150 specifications that meet requirements in several industries such as housing, infrastructure, agriculture, automobile, electricity, cement, mining, solar energy, and engineering.
The strengths of the company include expertise of the management and employees; quality standards met and consistent quality and services provided; large range of specifications in products (more than 150); manufacturing unit owned at Rajkot, Gujarat (12,632 square feet) and business-to-business approach with trade of complementary products. Diversification into many industries such as housing, infrastructure, agriculture, automobile, electricity, cement, mining, and solar energy brings continuous order flow to the company.
Recently, the firm has shown enhanced performance with respect to finance, where the total revenue generated by the firm stood at ₹27.87 crore in FY24 and ₹40.69 crore in FY25, whereas the profit after tax (PAT) has increased from ₹2.93 crore in FY24 to ₹4.16 crore in FY25. The EBITDA margin has also increased from ₹4.45 crore in FY24 to ₹6.56 crore in FY25, with the margins increasing because of enhanced margins of 16.13% EBITDA and 10.24% in PAT. The return on equity (ROE) and return on capital employed (ROCE) margins are at 39.86% and 50.43%, respectively.
Liotech Industries Risk Factors:
The risks of Liotech Industries Limited IPO are mentioned below:
Hardware/Manufacturing industry dependence: Demand-driven by housing, infrastructure, and automotive industries. Any decline in either of them may negatively impact revenue.
Employee base limitations: 17 people currently employed as of July 31, 2024, suggests scalability limitations.
One manufacturing plant: The existence of one manufacturing plant in Rajkot, Gujarat (12,632 sq. ft.) makes the company vulnerable to concentration risk.
Trading supplementary products: Trading of products such as door stoppers, magnets, and bed lifters at fixed margins poses risk due to the potential occurrence of supply chain issues or reduction in margins.
Liquidity risks associated with SME listing: BSE SME listing with an issue of ₹36.02 Cr and heightened volatility after listing with low market capitalization of about ₹125.19 Cr.
High promoter dilution: Promoter shareholding falling from 99.99% to 71.24% post-IPO (dilution of 28.75%) shows a substantial portion under the OFS category (₹7.13 Cr).
Execution of capital expenditure: ₹7.50 Cr required for purchasing machinery is associated with execution risk and capacity utilization risk.
Marginal EBITDA and PAT margins: An EBITDA margin of 16.13% and PAT margin of 10.24%.
Liotech Industries Expert Analysis:
Liotech Industries' SME IPO (BSE SME) is a fixed price issue with an issue price of ₹321.00 per share (face value ₹10). The total issue size is ₹36.02 Cr, comprising a fresh issue of ₹27.03 Cr and ₹7.13 Cr offer for sale. The IPO must also reserve ₹1.86 Cr (58,000 shares) for the market maker. The IPO offers 11,22,000 equity shares, with the net offer to public being 10,64,000 shares after market-maker reservation. The IPO is structured for NII (50.00%) and Retail (50.00%) investors, with the tentative listing on BSE SME on 8th June 2026.
Basic details of the IPO:
Type of IPO: Fixed Price SME IPO (BSE SME)
Uses of funds: Capex for machinery (₹7.50 Cr), Loan repayment (₹4.15 Cr), Working capital (₹7.00 Cr), Issue expense (₹5 Cr), General corporate purpose
Anchor bidding: No anchor bidding | Opens 01 June 2026 | Closes 03 June 2026 | Allotment 04 June 2026 | Listing 08 June 2026 (BSE SME).
Lead Manager: Wealth Mine Networks Pvt. Ltd. | Registrar: KFin Technologies Ltd.
Expert View on the IPO:
Liotech Industries is an industry-focused company dealing in the manufacturing of hardware structures & accessories that boast strong financials with high profitability growth (PAT rose from ₹0.35 Cr in FY23 to ₹4.16 Cr in FY25, reflecting a 10x growth), high revenue growth (revenue jumped from ₹8.50 Cr in FY23 to ₹40.69 Cr in FY25, reflecting a 4.8x growth), and outstanding margins (ROE stands at 39.86%, ROCE at 50.43%, EBITDA margin at 16.13%, and PAT margin at 10.24%). The stock is valued at P/E of 23.13x (pre-IPO) & 30.07x (post-IPO), while P/B valuation stands at 9.22x. With regards to its listed hardware/manufacturing sector peers, the company shows high growth prospects (4.8x growth in revenue in 2 years) but also suffers from the cyclical nature of hardware industry, low liquidity in SME listed companies, small work force (17 people), concentration of operations in one manufacturing facility, and promoter dilution of (28.75%). The high ROCE (50.43%) and ROE (39.86%) indicate excellent capital efficiency, but the P/B of 9.22x suggests the stock is priced for perfection.
Should you invest in Liotech Industries?
An investor looking for a small-cap hardware manufacturing company listed on the SME board, with exceptional growth trajectory (10x PAT growth in 2 years), industry-leading ROE/ROCE, and diversified industry exposure (housing, infrastructure, automotive, agriculture, solar energy) might find the IPO of Liotech Industries interesting provided that he can handle SME listing limitations, concentration risks, and sector cyclicality.
Consider investing when:
Exposure is needed to a new firm in hardware manufacturing serving the housing, infrastructure, agriculture, automobile, electricity, cement, mining, and solar energy industries with an impressive ROE (39.86%) and ROCE (50.43%) and growing profits (10x PAT in 2 years).
There is no issue with liquidity risk and volatility from SME-listed stocks like high single unit exposure (Rajkot, 12,632 sq. ft.), low manpower (17), cyclical nature of the hardware business, and substantial promoter share dilution (28.75%).
The management of the firm can be trusted in allocating IPO proceeds efficiently for capex (₹7.50 Cr in machinery) to grow its capacity while maintaining quality.
The firm's prospects are bright due to India's infrastructure, housing, and solar energy sectors' future growth generating demand for its products.
Do not invest when:
You favor investments in mature and liquid, large-cap firms that operate in the manufacturing sector, possess multiple facilities, and employ more people.
With regard to risk, you are cautious with liquidity risk of SME stock, geographical concentration, smaller employee size (17), volatility of SME stocks, and cyclicality of the hardware industry based on infrastructure development expenditures.
You are not comfortable with heavy dilution of promoters' equity (99.99% → 71.24%), high book value ratios (9.22x), and risks associated with CAPEX for purchasing machines.
You are inclined towards companies having low valuation ratios (P/E < 20x; P/B < 5x).
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Liotech Industries Limited IPO, open a demat account here
Liotech Industries Limited IPO Subscription Status: Check live subscription here
Liotech Industries Limited IPO GMP Update: Check latest grey market premium here
1. What is the Liotech Industries Limited IPO open and close date?
Liotech Industries SME IPO opens on 1st June 2026 and closes on 3rd June 2026. The tentative listing date on BSE SME is 8th June 2026.
Track Liotech Industries Limited IPO subscription status live here from Finnpick.
2. What is the Liotech Industries Limited IPO price band and lot size?
The IPO is a fixed price SME issue at ₹321.00 per share (face value ₹10). The minimum bid for retail investors is 800 shares (2 lots), with subsequent bids in multiples of 400 shares. Minimum investment is ₹2,56,800.
3. What is Liotech Industries Limited IPO total size?
The total issue size is ₹36.02 Cr, comprising a fresh issue of ₹27.03 Cr and ₹7.13 Cr offer for sale. The net offer to the public is 10,64,000 shares (5,32,000 to NII and 5,32,000 to Retail), after excluding 58,000 shares allotted on a firm basis to Market Maker.
4. How to apply for the Liotech Industries Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by June 03, 4 PM. Monitor Liotech Industries Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Liotech Industries Limited IPO Allotment Status?
The allotment date is on June 04th and can be checked on KFin Technologies Ltd. RTA portal using PAN/DP ID.
6. What is Liotech Industries Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 as of May 26, indicating listing at the price range of ₹321 - check daily updates of Liotech Industries Limited IPO GMP trends here and live subscription status here from June 01st opening only on Finnpick.
7. What does Liotech Industries Limited specialize in?
Liotech Industries is engaged in manufacturing of hardware structures and accessories, producing door kits, a wide range of hinges (cut & butt, parliament, W, Z, and duck hinges), gate hooks, aldrop, locks, handles, tower bolts, and shelf bottoms. They offer over 150 distinct specifications catering to various industries including housing, infrastructure, agriculture, automotive, electricity, cement, mining, solar energy, and general engineering. The company operates on a B2B framework and also engages in trading supplementary products like door stoppers, magnets, table brackets, bed lifters, and bell magnets.
8. When is the Liotech Industries Limited IPO listing date?
The IPO is scheduled to list on BSE SME on 8th June 2026, subject to final confirmation from the exchange. Basis of allotment is on 4th June 2026, with refunds and demat credits on 05th June 2026.
9. What are the Liotech Industries Limited IPO proceeds utilization details?
The IPO proceeds will primarily be utilized towards: Capital expenditure towards acquiring machinery: ₹7.50 Cr, repayment of Loan: ₹4.15 Cr, working capital requirement: ₹7.00 Cr, issue Expense: ₹0.05 Cr, general Corporate Purpose: Balance
10. Who are the promoters of Liotech Industries Limited?
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. Pre-IPO promoter holding is 99.99%, which will dilute to 71.24% post-IPO.
11. Should I apply for the Liotech Industries IPO?
You may consider applying if you are comfortable with an SME-listed hardware manufacturing business with exceptional growth trajectory (10x PAT growth from ₹0.35 Cr in FY23 to ₹4.16 Cr in FY25), industry-leading ROE (39.86%) and ROCE (50.43%), and exposure to India's infrastructure and housing sectors. Avoid if you are risk-averse to SME listing liquidity constraints, single manufacturing unit concentration (Rajkot, 12,632 sq. ft.), small employee base (17), hardware industry cyclicality, and significant promoter dilution (28.75%). This FAQ is for informational purposes only and not investment advice; read the RHP/DRHP and consult a SEBI-registered advisor before investing.
