Liotech Industries IPO – Company Analysis
Liotech Industries IPO is an SME IPO and a fixed-price issue aggregating to ₹36.02 crore. The IPO is being offered by Liotech Industries Limited, a company engaged in the manufacturing of hardware accessories and construction-related products.
The company manufactures a wide range of products, including door kits, various types of hinges such as cut & butt hinges, parliament hinges, W hinges, Z hinges, and duck hinges. Its product portfolio also includes gate hooks, aldrops, locks, handles, tower bolts, and shelf brackets.
Liotech Industries caters to diverse industries, including housing, infrastructure, agriculture, automotive, electrical, cement, mining, solar energy, and general engineering. The company offers more than 150 standard products to its customers. In addition to manufacturing, it operates a business-to-business (B2B) model and trades complementary products such as door stoppers, magnets, table brackets, bed lifters, and bell magnets.
Product Portfolio
The company manufactures and supplies:
Hinges of various types and sizes
Tower bolts
Door accessories
Bed lifters
Door stoppers
Magnets
Hardware fittings and construction accessories
Liotech Industries IPO Details
The Liotech Industries IPO will open for subscription on June 17, 2026, and close on June 19, 2026. The basis of allotment is expected to be finalized on June 22, 2026, while refunds are likely to be initiated on the same day.
The IPO comprises a combination of a fresh issue of 0.09 crore equity shares aggregating to ₹28.89 crore and an offer for sale of 0.02 crore equity shares aggregating to ₹7.13 crore.
The shares are proposed to be listed on the BSE SME platform, with the tentative listing date scheduled for June 24, 2026.
The issue price for the Liotech Industries IPO has been fixed at ₹321 per share.
IPO Timetable (Tentative)
Events | Date |
IPO Opening Date | June 17, 2026 |
IPO Closing Date | June 19, 2026 |
IPO Allotment Date | June 22, 2026 |
Refund Initiation | June 22, 2026 |
IPO Listing Date | June 24, 2026 |
Company Financials
(Amount in ₹ Crore)
Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
Assets | 19.77 | 14.09 | 4.02 |
Total Income | 40.69 | 27.87 | 8.50 |
Profit After Tax | 4.16 | 2.93 | 0.35 |
EBITDA | 6.56 | 4.45 | 0.87 |
Net Worth | 10.45 | 6.28 | 2.36 |
Reserves and Surplus | 7.45 | 3.28 | 0.36 |
Total Borrowing | 4.22 | 3.55 | 1.38 |
Cash Flows
(Amount in ₹ Lakh)
Net Cash Flow | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
Net Cash Flow from Operating Activities | 262.04 | (51.51) | (71.25) |
Net Cash Flow from Investing Activities | (320.43) | (228.08) | - |
Net Cash Flow from Financing Activities | 34.96 | 302.93 | 57.53 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
Objectives of the Issue
The company intends to utilize the net proceeds from the IPO for the following purposes:
Capital expenditure towards the acquisition of machinery – approximately ₹8 crore.
Repayment or prepayment of certain borrowings – approximately ₹4.95 crore.
Funding working capital requirements – approximately ₹7 crore.
General corporate purposes – approximately ₹4.33 crore.
Listed Peers of Liotech Industries Limited
As stated in the Red Herring Prospectus (RHP), there is no listed peer of a similar size operating in the same line of business as Liotech Industries Limited.
Valuation Metrics
KPI | Value (As on March 31, 2025) |
RoE | 39.86% |
ROCE | 50.43% |
Debt/Equity | 0.40 |
RoNW | 39.86% |
PAT Margin | 10.24% |
EBITDA Margin | 16.13% |
Price to Book Value | 9.22 |
Evaluation of P/E Ratio
Based on the company's FY2025 financial performance, Liotech Industries reported an EPS of ₹13.88. At the issue price of ₹321 per share, the resulting P/E ratio works out to 23.12x.
IPO Strengths
Experienced and qualified management team.
Strong focus on quality standards and consistency in products and services.
Diversified product portfolio catering to multiple industries.
Established B2B business model with a wide customer reach.
IPO Weaknesses
Customer concentration risk.
Dependence on the availability and pricing of raw materials.
Geographical concentration risk.
Exposure to fluctuations in end-user industries.
Liotech Industries IPO GMP (Grey Market Premium)
The Liotech Industries IPO GMP has not started yet as of June 13, 2026, at the time of writing this article.
Liotech Industries IPO Summary
Particulars | Details |
IPO Opening & Closing Date | June 17, 2026 to June 19, 2026 |
Face Value | ₹10 per Share |
Issue Price | ₹321 per Share |
Lot Size | 400 Shares |
Issue Size | 11,22,000 Shares (₹36 Crore) |
Offer for Sale | 2,22,000 Shares (₹7 Crore) |
Fresh Issue | 8,42,000 Shares (₹27 Crore) |
Listing At | BSE SME |
Issue Type | Book Built Issue |
Registrar | Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can apply for a minimum of 2 lots comprising 800 shares, requiring an investment of ₹2,56,800. Applications can be made in multiples thereof.
HNI investors can apply for a minimum of 3 lots comprising 1,200 shares, requiring an investment of ₹3,85,200.
Category | Lot Requirement |
Minimum Lot Investment (Retail) | 2 Lots |
Maximum Lot Investment (Retail) | 2 Lots |
HNI (Minimum) | 3 Lots |
Liotech Industries IPO Allotment Status
Investors can check the Liotech Industries IPO allotment status through the official website of the registrar or the BSE website after the allotment process is completed.
Using BSE Website
Promoters and Management of Liotech Industries Limited
Mr. Hiteshbhai Mansukhbhai Bhuva
Mrs. Hetal Hitesh Bhuva
Mr. Vipul Mansukhbhai Bhuva
Mrs. Pushpaben Mansukhbhai Bhuva
Mr. Mansukhbhai Kadvabhai Bhuva
Mrs. Femina Vipulbhai Bhuva
Particulars | Shareholding |
Pre-Issue Promoter Shareholding | 99.99% |
Post-Issue Promoter Shareholding | 71.23% |
IPO Lead Manager
Wealth Mine Networks Pvt. Ltd.
Dividend Policy
The company has not declared or paid any dividend since its incorporation.
Conclusion
Liotech Industries Limited has delivered strong financial growth over the years, supported by increasing revenue, healthy profitability, and robust return ratios. With a diversified hardware accessories portfolio, an experienced management team, and plans to expand production capacity, the company is well-positioned for future growth. The IPO proceeds will be utilized for machinery acquisition, debt repayment, and working capital requirements, which may further strengthen the company's operational capabilities. Investors interested in SME IPO opportunities may evaluate the company's financials, valuation, business prospects, and associated risks before making an investment decision.
Read the Prospectus of the Company Click Here to Download the DRHP.
Disclaimer
This blog is intended solely for educational and informational purposes. It should not be considered investment advice, financial advice, or a recommendation to buy, sell, or subscribe to any securities. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.
