Updated on 28.05.2026|8:23 PM
Liotech Industries Limited is set to launch its Initial Public Offering (IPO).
It is an Indian manufacturing company specializing in hardware structures and accessories such as door kits, hinges, locks, and handles.
The public issue will open for subscription on Monday, June 1, 2026, and close on Wednesday, June 3, 2026.
The company operates primarily on a B2B model and aims to raise approximately ₹36.02 Crores through this fixed-price issue at ₹321 per share. Track all the IPOs of 2026 at a single place, in latest IPO section.
The offering is a mix of a fresh issue to fund capacity expansion and debt repayment, alongside an Offer for Sale (OFS) by its promoters.
In this article, you will find Liotech Industries IPO GMP today, price band, and a detailed review with financial information and strengths and risks.
Briefs of Liotech Industries IPO Details:
- Issue Price: ₹321 per share (Fixed Price)
- Face Value: ₹10 per share
- IPO Open and Close Dates: June 1, 2026 – June 3, 2026
- Lot Size: 400 Shares (Note: Retail Minimum Application is 2 Lots / 800 Shares)
- Issue Size: 11,22,000 Equity Shares / ~₹36.02 Crores
- Fresh Issue: 9,00,000 Shares (~₹28.89 Cr)
- Offer for Sale (OFS): 2,22,000 Shares (~₹7.13 Cr)
- Registrar: Kfin Technologies Ltd.
- Listing Exchange: BSE SME
IPO Reservation:
The offering comprises 11,22,000 shares. After reserving 58,000 shares for the Market Maker, the net offer to the public is 10,64,000 shares, allocated as follows:
- NII & QIB Portion (Non-Individual): 5,32,000 Equity Shares. (Note: As a fixed-price issue, there is no separate Anchor Offer or specific QIB carve-out; institutional and HNI investors bid in this combined pool).
- Retail (RII) Portion: 5,32,000 Equity Shares.
What is the current Grey Market Premium (GMP) for the Liotech Industries IPO today?
Check out our main daily GMP tracker page to stay updated on this specific offering and alternative upcoming issues.
Note: The Grey Market Premium (GMP) changes daily based on market demand. It is an unofficial indicator and is not regularised by SEBI, NSE, or BSE. Investors must look beyond the GMP before committing funds to an IPO.
What are the Important Dates and Allotment Timeline for the Liotech Industries IPO?
For investors planning their capital allocation, here is the critical timeline for the issue:
- IPO Open Date: Monday, June 1, 2026
- IPO Close Date: Wednesday, June 3, 2026
- Basis of Allotment Date: Thursday, June 4, 2026
- Refund Initiation Date: Friday, June 5, 2026
- Credit of Shares: Friday, June 5, 2026
- Listing Date: Monday, June 8, 2026
What Are The Objectives of Liotech Industries IPO?
The company proposes to utilize the Net Proceeds from the Fresh Issue towards the following strategic purposes:
- Capital Expenditure: ₹8.00 Crores is allocated to acquire and install new machinery at their existing manufacturing unit in Rajkot to boost production capacity.
- Working Capital: ₹7.00 Crores will be deployed to fund long-term working capital requirements necessary to support a growing order book.
- Debt Repayment: ₹4.95 Crores will be used for the full or partial repayment of outstanding secured borrowings, improving the company's debt-equity ratio.
- General Corporate Purposes: The remaining balance will cover strategic initiatives and ongoing business exigencies.
(Note: The company will not receive any proceeds from the Offer for Sale).
How is The Financial Performance of Liotech Industries?
The table below details the company's financial performance using its revised financial records.
(Figures in ₹ Crores)
Particulars | Period Ended 31 Dec 25 (9M) | FY 2024-25 | FY 2023-24 | FY 2022-23 |
Total Income | 51.79 | 40.69 | 27.87 | 8.50 |
Profit After Tax (PAT) | 5.49 | 4.16 | 2.93 | 0.35 |
EBITDA | 8.39 | 6.56 | 4.45 | 0.87 |
Total Borrowing | 4.81 | 4.22 | 3.55 | 1.38 |
Assets | 30.50 | 19.77 | 14.09 | 4.02 |
Source: RHP
Financial Analysis & Observations:
Total Income:
The company demonstrated exceptional revenue scaling, growing from ₹8.50 Crores in FY23 to ₹40.69 Crores in FY25.
The momentum continued strongly in the 9-month stub period ending December 2025, reaching ₹51.79 Crores, driven by robust demand in the housing and infrastructure sectors for specialized hardware.
Profit After Tax (PAT):
Profitability surged remarkably, from just ₹0.35 Crores in FY23 to ₹4.16 Crores in FY25.
The strong PAT of ₹5.49 Crores in the recent 9-month period highlights excellent operational leverage as fixed costs are absorbed over a larger revenue base.
EBITDA:
Operational efficiency is improving, with EBITDA jumping to ₹6.56 Crores in FY25.
The growth in EBITDA margins reflects the company's ability to maintain pricing power and optimize raw material costs (steel, aluminum, brass).
Total Borrowing:
Debt levels have steadily increased, reaching ₹4.81 Crores by December 2025.
This rise is tied to the working capital requirements of managing a growing inventory and receivable cycle. The planned debt repayment of ₹4.95 Crores from IPO funds will effectively deleverage the balance sheet.
Assets:
The asset base expanded rapidly from ₹4.02 Crores in FY23 to ₹30.50 Crores by December 2025. This expansion is largely fueled by increases in current assets, particularly inventory and trade receivables, which are necessary to support the growing B2B sales network.
What Are The P/E Ratio and Peer Comparison?
To understand the valuation, we look at the Price-to-Earnings (P/E) ratio calculated at the fixed issue price.
- Issue Price: ₹321
- EPS (FY25): ₹13.88
- P/E Ratio: ~23.13x
Peer Comparison:
According to the Red Herring Prospectus (RHP), there are no listed companies in India that are engaged in developing a similar line of product solutions to Liotech Industries Limited. Therefore, a direct peer comparison of accounting ratios is not possible.
However, using the "Steel – Medium & Small" sector as an industry proxy:
- Steel Industry Average P/E: 23.78x
- Liotech P/E: 23.13x
Analysis:
Liotech Industries is entering the market at a P/E multiple of 23.13x based on its FY25 EPS.
Given the lack of direct peers, comparing it to the broader steel/hardware proxy average of 23.78x suggests that the issue is priced reasonably and slightly below the industry average.
Investors should weigh this fair valuation against the company's aggressive top-line growth and impressive return metrics over the last three years.
What is the Industry Outlook of Liotech Industries?
Growth Potential:
The Indian hardware and accessories market is heavily linked to the booming real estate, infrastructure, and automotive sectors. Government initiatives like "Housing for All" and massive infrastructure capex are strong demand drivers.
Market Trends:
Certified companies like Liotech, backed by ISO and UK credentials, are capturing the market share of informal local players by serving major B2B clients with standardized goods.
What Are The Strengths and Risks of Liotech Industries IPO?
Strengths:
- Wide Product Portfolio: Offering over 150 specifications of hardware items allows the company to cater to diverse sectors, including solar power and housing.
- Quality Certifications: Holding ISO 9001:2015 and international compliance marks ensures consistency and helps in B2B customer retention.
- Strong Financial Trajectory: The company has delivered exponential top and bottom-line growth over the past three fiscal years.
Risks:
- Extreme Concentration: For the period ended December 2025, the top 10 customers contributed over 99% of total sales, and the top 10 suppliers accounted for over 99% of purchases. This lack of diversification is a severe risk.
- Geographical Risk: Operations and revenues are highly concentrated in Western and Eastern India (Gujarat contributing ~51%).
- Negative Cash Flows: The company has reported historical negative cash flows from operating and investing activities due to the heavy working capital required to manage inventory and receivables.
Key Considerations for Investors
Investors should note the Minimum Investment structure.
- Minimum Application: The lot size is 400 Shares. Based on the data provided, the minimum application for Retail Individual Investors is 2 Lots (800 Shares), amounting to ₹2,56,800. Note: This investment amount exceeds the typical ₹2 Lakh retail limit, which implies this category effectively targets Small-HNI investors.
- Valuation: At ~23.1x P/E, the pricing is in line with the broader sector average.
- Risk Profile: The company shows rapid growth but extreme client and supplier concentration, making it a high-growth but high-risk proposition.
Key Takeaways
- IPO Price: ₹321 per share (Fixed Price).
- Min Investment: ₹2,56,800 (800 Shares).
- Valuation: P/E of ~23.13x (In line with industry proxy).
- Financials: Revenue ₹40 Cr (FY25); High Concentration Risk.
- Listing: BSE SME platform on June 8, 2026.
Important Links of IPOs:
1. Daily subscription trends of IPOs.
3. IPO GMP vs Listing Accuracy Study 2026
4. IPO Listing Performance Tracker 2026 – Complete Dataset of IPO Listing Gains in India
FAQs on Liotech Industries IPO
What is Liotech Industries IPO GMP today?
Check at gmp section of all the IPOs, upcoming, live or even closed.
What is Liotech Industries IPO price band?
The issue price is fixed at ₹321 per equity share.
What is Liotech Industries IPO allotment date?
The allotment status is expected to be finalized on Thursday, June 4, 2026.
How to check Liotech Industries IPO allotment status?
Investors can check the status on the website of Kfin Technologies Ltd. (the Registrar) or via the BSE IPO allotment portal.
What is Liotech Industries IPO listing date?
The shares are tentatively scheduled to list on Monday, June 8, 2026.
Investment Perspective on Liotech Industries IPO
Liotech Industries offers a high-growth opportunity in the industrial hardware segment with strong certifications.
While the valuation seems fair relative to broader industry proxies, the high minimum investment ticket size and severe customer/supplier concentration are critical risks that investors must weigh carefully.
Disclaimer:
This article is strictly for educational purposes. Please consult a SEBI-registered investment advisor before making any investment decisions.
