Liotech Industries IPO
smelistedAbout the company
Incorporated in 2020, Liotech Industries specialises in hardware manufacturing. The company provides more than 150 different product specifications for the industries. Some of the products manufactured by the company include cut and butt hinges, railway hinges, and parliament hinges, while some of the additional products include door stoppers, magnets, table brackets, bed lifters, and bell magnets. The company runs its business on a B2B approach and additionally trades in additional products. The company earns its revenue via two segments: manufacturing and trading. Manufacturing has gained importance as the main source and represents 100% of revenue for 9MFY26, whereas it was 68.30% in FY23. The segment of trading, which used to represent 31.70% of the revenue in FY23, has been reduced gradually to zero in 9MFY26. The company’s products are being marketed in nine states and Union Territories in India. The bulk of revenues is generated from Gujarat State. The Western region generates 51.2% of revenues for 9MFY26, whereas the eastern region has seen tremendous growth from just 3.4% in FY23 to 48.1% in 9MFY26. The top 10 customers accounted for 99.28% of the revenue, while the top five contribution to the revenue stood at 75.4% in 9MFY26.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 28 May | ₹0 | ₹321 | 0 |
| 27 May | ₹0 | ₹321 | 0 |
| 26 May | ₹0 | ₹321 | 0 |
Strengths
- Strong revenue and profit growth over the last three years
- Healthy ROE and ROCE indicating efficient business performance
- Wide range of hardware and industrial accessory products
- Supplies products to multiple industries including housing, infrastructure, solar, and engineering
- Experienced promoter and management team
- Focus on quality standards and product consistency
- Manufacturing facility located in Rajkot, Gujarat
- Low to moderate debt levels with improving financials
- Growing B2B business model with diversified product portfolio
Risks
- SME IPO with higher risk and lower liquidity
- Small-scale business compared to established industry players
- Operates in a highly competitive hardware manufacturing sector
- Limited operating history as the company was incorporated in 2020
- Dependent on industrial and infrastructure demand cycles
- Raw material price fluctuations can affect margins
- Customer concentration risk may impact revenue stability
- IPO valuation may appear expensive for a small-cap SME company
- Limited brand presence compared to larger hardware manufacturers
- Stock price may remain volatile after listing due to low trading volumes
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed17 Jun 2026Bidding starts for all investor categories
IPO Closes
Completed19 Jun 2026Last day to place your bid
Basis of Allotment
Completed22 Jun 2026Share allotment finalised
Refund Initiation
Completed22 Jun 2026Refunds credited for non-allottees
Credit to Demat
Completed23 Jun 2026Allotted shares credited to demat account
Listing on Exchange
Completed24 Jun 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 400 | ₹128,400 | 1 | ₹128,400 | 1 lot only |
| HNI | 2 | 800 | ₹256,800 | 2 | ₹256,800 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 560,748 | 18 | 0 | 0.00x | 100% |
| NII | 15% | 168,224 | 5.4 | 6,729 | 0.04x | 100% |
| Retail | 35% | 392,523 | 12.6 | 94,206 | 0.24x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
