Liotech Industries IPO

About Liotech Industries IPO

The public issue of the Liotech Industries IPO, a BSE-SME IPO, opens on June 17, 2026 and closes on June 19, 2026. The allotment of shares will take place on June 22, 2026. The credit of shares to the demat account will take place on June 23, 2026. The initiation of refunds will also take place on June 23, 2026. The listing of shares will take place on June 24, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 9,00,000 equity shares of face value ₹ 10 each at the offer price of ₹321 each aggregating ₹28.890 crores. The offer for sale portion includes 2,22,000 equity shares of face value ₹ 10 each at the offer price of ₹321 each aggregating ₹ 7.126 cores. The total number of shares is 11,22,000 and the aggregate amount is ₹36 crores.

Liotech Industries is a fixed price IPO with the IPO price set at ₹321 per share. The lot size for an application is 800 shares (2x400). The minimum amount of investment required by a retail investor is ₹2,56,800 (800 shares) (based on fixed price). The minimum lot size investment for HNI is ₹3,85,200.

Incorporated in 2020, Liotech Industries is in the business of manufacturing of hardware structures and accessories. Its main products include door kits, hinges (including cut, butt, Parliament, W, Z, and Duck hinges), gate hooks, aldrop, locks, tower bolts and shelf bottoms.

Objectives of Liotech Industries IPO

• Capital Expenditure towards purchase of machinery.
• Funding for repayment of loans.
• Funding for working capital requirements.
• General corporate purpose.

Industry Outlook

The hardware structures and accessories business that the company is into, largely derives its demand from primary housing demand, secondary housing demand, and from infrastructure. Since the government has been aggressively spending on capex, the demand for these hardware structures is likely to remain robust. India is already the second largest producer of crude steel in the world (after China) and has an annual manufacturing capacity of 137.96 MT of crude steel and 132.57 MT of finished steel as of FY25. Hardware structures are a downstream product of steel. Steel industry is likely to grow in the range of 5% to 7% over the next few years in India.

With per capita home ownership still quite low and the government focusing on “housing for all”, the hardware structures industry is likely to see robust demand in the coming years. By the year 2030, India is likely to achieve annual production of 255 MT with capacity of 300 MT, assuming 85% capacity utilization. The hardware structures industry does have a fairly large unorganized component, although the introduction of GST, the share of the unorganised sector has been gradually reducing.

About Liotech Industries

Liotech Industries is into the production of hardware structures and accessories like door kits, hinges, aldrops, tower bolts shelf bottoms etc. It caters to over 150 different client specifications. The company gets roughly 93.68% of its revenues from manufacturing and 6.32% revenues from trading activities. While the 5 customers of Liotech Industries account for 61.3% of its revenues, the top 10 customers account for 91.43% of its revenues.

In terms of regional breakdown, Liotech Industries derives 51.74% revenues from Western India, 46.64% revenues from East India, and 1.62% from North India. It does not have any presence in South India. The entire range of activities pertaining to its products from designing, prototyping, cutting, manufacturing, surface treatment, and quality control is handled internally by the company. As of the last reported fiscal year FY25, the company was operating at 88.4% capacity utilization.

Strengths of Liotech Industries

• Wide range product portfolio catering to over 150 customized designs.
• Experienced and qualified team, with decades of combined experience.
• High level of compliance with global quality standards.
• Proximity of plant to some of the high demand segments for its products.

Risks of Liotech Industries

• Client concentration is a risk with top 10 customers accounting for over 91% of revenues.
• There is also supplier dependency for the company, with the top 10 suppliers accounting for more than 96% of its supply volumes.
• The business is concentrated in West and East India, so it could be losing out on opportunities in North India and the fast-growing South regions.
• In 2 out of the last 3 years, the company has reported negative cash from operations.
• The company has aggressive capex plans with the IPO funds, but orders are yet to be placed.
• Some of the related party transactions could in conflict with the interests of shareholders.
• Competition from the unorganized segment remains high in this segment.

Anchor Investor Bidding Date: Not Applicable

Registrar Details KFIN Technologies Ltd (KFINTECH)
Email: Liotech.ipo@kfintech.com
Phone: +91-40-6716-2222

Book Running Lead Manager
Wealth Mine Networks Private Ltd

Liotech Industries Contact Details
Shapar SR No. 269, P2, New SR No. 464, Plot No.21, Kotdasanagnani Shapar, Rajkot, Gujarat, 360024
Email: info@liotechindustries.in
Phone: 0-99787-60610

Liotech Industries Business Model

The company revenues are predominantly from the manufacture of hardware structures and accessories like locks, hinges, bolts etc, which are linked to the rapid growth in the demand from the housing and infrastructure industry. It caters to over 150 customised designs in its portfolio.

Liotech Industries Growth Trajectory

Liotech Industries Total Income for FY25 was ₹40.686 crores, whereas in FY24 and FY23 it was ₹27.870 crores and ₹8.496 crores, respectively.

The Profit After Tax for FY25 was ₹4.164 crores, whereas in FY24 and FY23 it was ₹2.926 crores and ₹0.345 crores, respectively.

Their EBITDA for FY25 was ₹6.562 crores, whereas in FY24 and FY23 it was ₹4.451 crores and ₹0.873 crores, respectively.

Liotech Industries Market Position

Between FY23 and FY25, the installed capacity of the company has gone up from 619.20 MT to 2,456.58 MT. During the same period, the actual production has gone up from 458.43 MT to 2,174.09 MT. This resulted in capacity utilization increasing from 74.04% to 88.43% between FY23 and FY25.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹40.686 crores, ₹4.164 crores, and ₹6.562 crores, respectively.

How to apply for Liotech Industries IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.