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Liotech Industries SME IPO

Liotech Industries IPO — date, price band, GMP & allotment 2026

Liotech Industries SME IPO will open for subscription from 1 June 2026 to 3 June 2026 and aims to raise around ₹36.02 crore through a fixed price issue on the BSE SME platform. Founded in 2020, the company is engaged in manufacturing hardware components and furniture fittings such as hinges, locks, handles, tower bolts, and door kits. The company follows a manufacturing-led business model and has a strong presence in Rajkot, Gujarat, catering mainly to the furniture and hardware industry.

Stock price

Liotech Industries is listed — here is the live share price.

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The verdict
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Grey market premium
₹0
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Overall, across all categories
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Minimum to apply
₹2,56,800
2 lots · 800 shares at ₹321
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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 16 September.

Key dates Listed
  1. Open 17 Jun 2026
  2. Close 19 Jun 2026
  3. Allotment 22 Jun 2026
  4. Refund/credit 05 Jun 2026
  5. Listing 24 Jun 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 17 to 19 Jun, 2026
Price Band ₹321
Face Value ₹10
Lot Size 400 Shares
Issue Size ₹36.02 Cr
Sale Type Fresh capital cum OFS
Listing On BSE SME
Registrar KFin Technologies Limited
Min Investment ₹ 2,56,800
Reservation
NII 50%
Retail 50%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 400 shares at the ₹321 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
Application Lots Shares Amount
Retail (min) 2 800 ₹2,56,800
Retail (max) 2 800 ₹2,56,800
HNI (min) 3 1,200 ₹3,85,200

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 5

  • 01Wide range of hardware and furniture fitting products supports diversified revenue streams.
  • 02Strong presence in Rajkot hardware manufacturing cluster gives operational advantages.
  • 03Experienced promoters with industry knowledge and established dealer relationships.
  • 04Manufacturing-led business model helps maintain product quality and cost control.
  • 05Growing demand for furniture fittings and architectural hardware in India supports growth potential.

Risks · 5

  • 01Operates in a highly competitive and fragmented hardware products market.
  • 02Heavy dependence on raw material prices may affect profit margins.
  • 03Limited operating history compared to larger established industry players.
  • 04Business performance depends significantly on dealer and distributor network expansion.
  • 05Slowdown in real estate or furniture industry may impact product demand.

Three years of numbers

All figures in ₹ crore, as reported in the Liotech Industries offer document.

Total income
51.79
28
41
52
31 Mar 202431 Mar 202531 Dec 2025
Profit after tax
5.49
3
4
5
31 Mar 202431 Mar 202531 Dec 2025
EBITDA
8.39
4
7
8
31 Mar 202431 Mar 202531 Dec 2025
Borrowing vs net worth
4.81 / 15.93
31 Mar 202431 Mar 202531 Dec 2025
Borrowing Net worth
Metric 31 Dec 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 30.50 19.77 14.09 4.02
Total Income 51.79 40.69 27.87 8.50
Profit After Tax 5.49 4.16 2.93 0.35
EBITDA 8.39 6.56 4.45 0.87
NET Worth 15.93 10.45 6.28 2.36
Reserves and Surplus 12.93 7.45 3.28 0.36
Total Borrowing 4.81 4.22 3.55 1.38

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Liotech Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
17.11
EPS (₹)
18.76
RoCE
50.43%
RoNW
39.86%
PAT Margin
10.24%

Liotech Industries IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹18.76
P/E Ratio (x) 17.11
Market Cap at Offer Price (₹ Cr) ₹93.94

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹321 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹18.65 Cr of the issue is earmarked to named objects.

Capital expenditure towards acquiring machinery ₹7.50 Cr
Funding towards Repayment of Loan ₹4.15 Cr
Working capital requirement ₹7.00 Cr

About the company

Liotech Industries India Limited is a Gujarat-based company engaged in the manufacturing and trading of architectural hardware and furniture fitting products. Established in 2020, the company has built its presence in the hardware industry by offering a wide range of products including hinges, door handles, locks, tower bolts, mortise handles, and other furniture accessories. The company mainly caters to dealers, distributors, and furniture manufacturers across different regions in India.
The company is promoted by experienced promoters who focus on expanding the brand through quality products and customer relationships. Liotech Industries follows a manufacturing-led business model supported by in-house production and distribution capabilities. Its operations are centred in Rajkot, Gujarat, which is known as a major engineering and hardware manufacturing hub. The company aims to strengthen its market position by increasing product variety, improving operational efficiency, and expanding its dealer network across the country.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Femina Vipulbhai Bhuva, Hetal Hitesh Bhuva, Hiteshbhai Mansukhbhai Bhuva, Mansukhbhai Kadvabhai Bhuva, Pushpaben Mansukhbhai Bhuva and Vipul Mansukhbhai Bhuva
Promoter holding
99.99 71.24
Pre-issue → post-issue
Registered office
Shapar Sr.No.269 P 2, New Sr.No.464, Plot No 21, Kotdasanagani, Shapar, Rajkot, Gujarat, 360024
+91 99787 60610

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Wealth Mine Networks Pvt.Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Listed in Profit 0% 0 of 3 listed
Avg Listing Gain -13.2% across 3 issues
Listed Below Issue 3 of 3 listed

Best listing: Dhanwel Hybrid Seeds (0.0%). Weakest: Seemax Resources (-20.0%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Liotech Industries
Email

Frequently asked

What is the GMP of Liotech Industries?

The current Grey Market Premium is ₹0.

What is the Liotech Industries IPO price band?

₹321, on a face value of ₹10.

When is the allotment?

The basis of allotment is 22 June 2026, with listing on 24 June 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Liotech Industries IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

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Min bid
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