Key facts
- Liotech Industries' Rs 36 crore IPO opens June 17 and closes June 19.
- The company plans to list on the BSE SME on June 24.
- The IPO consists of a fresh issue of up to 9 lakh equity shares and an offer for sale of 2.22 lakh shares.
- Proceeds will be used for capital expenditure, debt repayment, and working capital.
- Liotech Industries reported Rs 40.67 crore revenue and Rs 4.16 crore profit after tax in FY25.
Liotech Industries, a manufacturer of precision hardware structures and accessories, is set to launch its Rs 36 crore initial public offering (IPO) for public subscription on June 17. The bidding window for the IPO will remain open until June 19. Shares of Liotech Industries are tentatively scheduled to be listed on the BSE SME on June 24.
The public offer comprises a fresh issue of up to 9 lakh equity shares and an offer for sale of 2.22 lakh shares by promoters. The net proceeds from the fresh issue will be utilized for capital expenditure towards acquiring machinery, repayment of debt, working capital requirements, and general corporate purposes.
"The proceeds will enable us to strengthen our working capital, upgrade our manufacturing infrastructure and enhance production capabilities," said Hiteshbhai Mansukhbhai Bhuva, MD of Liotech Industries Ltd. He added that these initiatives will help increase order-taking capacity, expand geographical presence, and deliver higher value while maintaining consistent quality standards.
Gujarat-based Liotech Industries manufactures precision hardware structures and accessories including door kits, hinges, hooks, aldrops, locks, handles, and bolts. The company reported revenue of Rs 40.67 crore and profit after tax of Rs 4.16 crore in FY25. Wealth Mine Networks Ltd is the sole book running lead manager for the IPO.