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Liotech Industries Ltd IPO
Status: Closed
Overview
IPO date
17 Jun 2026 to 19 Jun 2026
Face value
₹ 0 per share
Price
₹ 321 to ₹321 per share
Issue Size
1,122,000 shares
(aggregating up to ₹ 36.02 Cr)
(aggregating up to ₹ 36.02 Cr)
Allotment Date
22 Jun 2026
Listing at
NSE
Issue type
Fixed Price - SME
Sector
Castings, Forgings & Fastners
Unlock Stock of the Month
T&C*
Strengths vs Risks of Liotech Industries Ltd
Know the pros & cons
Strengths
- Experienced & Qualified Team.
- Compliance with Quality Standards & Consistency in Quality and Service.
- Wide Range of Product Portfolio
Risks
- The company depends on the success of its relationships with the company customers. Its derives a significant part of the company revenue from its major customers and the company does not has long term contracts with these customers. If one or more of such customers choose not to source their requirements from its, the company business, financial condition and results of operations may be adversely affected.
- The company is highly dependent on its suppliers for uninterrupted supply of raw-materials. The company has not entered into any long-term supply agreement for the major raw materials required for manufacturing of its products. Also volatility in the prices and non-availability of these raw materials may has an adverse impact in the company business prospects, results of operations and financial condition.
- The company business operations is majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could has a significant impact on the company revenue and results of operations.
- Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.
- The Company has reported certain negative cash flows from its operating and investing activities, details of which are given below. Sustained negative cash flow could impact the company growth and business in the future.
- The intellectual Property Rights used by the company is "objected" and is not registered in the name of its company. Any failures to protect the company intellectual property rights may adversely affect its business.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements. The company is yet to place orders 100% of the Plant & Machinery, as specified in the Objects of the Offer chapter. Any delay in procurement of such Plant & Machinery may delay the schedule of implementation and may also lead to increase in cost of these Plant & Machinery, further affecting its revenue and profitability.
- The company requires working capital for its smooth day-to-day operations of business and any discontinuance or the company inability to acquire adequate working capital timely and on favourable terms may has an adverse effect on its operations, profitability and growth prospects.
- The Company has entered into certain related party transactions in the past and may continue to does so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The demand and pricing in the steel and steel products industry is volatile and is sensitive to the cyclical nature of the industries it serves.
- The Company has availed unsecured loan which is repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect its financial condition.
- The average cost of acquisition of Equity Shares by the company Promoters and the Selling Shareholders could be lower than the price determined at time of registering the Prospectus.
- The company industry is labour intensive and its business operations may be materially adversely affected by strikes, work stoppages or increased wages demands by the company employees or those of its suppliers.
- The company has not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by its.
- The company success significantly depends upon the services of its Promoters and other Key Managerial Personnel and the company ability to retain them. Its inability to attract, hire, train and retain key managerial personnel may adversely affect the operations of the Company.
- Improper handling of machineries could result in accidents and may lead to loss of life and may has an impact on the image of the company business which could has an adverse effect on the company net sales, profitability and results of its operations.
- The Company is dependent on the continuing operation of its manufacturing facilities. Any significant interruption in manufacturing at the company facilities could has a material adverse effect on its business, results of operations and financial condition.
- The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect the company business, results of operations and financial condition.
- The Objects of the Offer for which funds is being raised, are based on the company management estimates and the same has not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled as "Objects of the Offer".
- Any reduction in the demands for the company products could lead to underutilization of its manufacturing capacity. The company may also faces surplus production of a particular product dues to various reasons including inaccurate forecasting of customer requirements, which could adversely affect the company business, results of operations, financial condition and cash flows.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failures to obtain or retain them in a timely manner or at all may adversely affect the company operation.
- The company faces competition in its business from both organized and unorganized sector. Such competition may has a negative impact on the company business prospects, future performance and financial condition.
- The company could be adversely affected dues to Fraud, theft, employee misconduct, negligence or errors that is difficult to detect and any such incidents could adversely affect its financial condition, results of operations and reputation.
- The Company will not receive any proceeds from the Offer for Sale.
- In addition to regular remuneration, other benefits and expense reimbursement the company Promoters, Directors, key managerial personnel or senior management hold a vested interest in its Company; to the extent of their shareholding and associated dividend entitlements. They also has a stake in transactions involving the company, whether with themselves individually or with its group companies/entities. The Company in future may enter in related party transactions subject to necessary compliances.
- All of the company revenue from operations is generated from India. Any adverse development affecting its operations in India could has an adverse impact on its business, financial condition and results of operations.
- Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.
- Any variation in the utilization of the company Net Proceeds as disclosed in this Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
- The company Promoters and Promoter Group will continue to retain majority shareholding in its after the Offer, which will allow them to exercise significant influence over the company and potentially create conflicts of interest.
- The company inability to manage growth could disrupt its business and reduce the company profitability.
- The company ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures. Moreover, its might not sustain historical dividend levels moving forward.
- There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- The rate of interest for the loans obtained by the company from the banks and Financial Institutions is variable and any increase in interest rates may adversely affect its results of operations and financial condition.
- Changes in technology may render the company current technologies obsolete or requires its to make substantial investments.
- Any delay or defaults in receipt of payments or dues from the company customers could result in a reduction of its profits.
- The company has not made any alternate arrangements for financing the `Objects of the Offer'. Any shortfall in raising or meeting the same could adversely affect its growth plans, operations and financial performance.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Pursuant to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like Additional Surveillance Measure ("ASM") and Graded Surveillance Measures ("GSM") by the Stock Exchanges in order to enhance market integrity and safeguard the interest of investors.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- There is no existing market for the company Equity Shares, and its does not know if one will develop. The company stock price may be highly volatile after the Offer and, as a result, you could lose a significant portion or all of your investment.
- Investors can be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
- The ability of Indian companies to raise foreign capital may be constrained by Indian law.
- There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE in a timely manner, or at all.
How to check the allotment status of Liotech Industries Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 17 Jun 2026 & closes on 19 Jun 2026.
Liotech Industries Limited was originally incorporated as a Private Limited Company under the name of 'Liotech Industries Private Limited' on June 17, 2020 with the Registrar of Companies, Central Registration Centre. Subsequently, status of the Company was converted into a Public Limited and the name of the Company was changed to 'Liotech Industries Limited' vide a fresh Certificate of Incorporation dated April 12, 2024 issued by the Registrar of Companies, Central Registration Centre.
The Company specializes in the production of hardware structures and accessories, including door kits, gate hooks, aldrop, locks, handles, tower bolts, and shelf bottoms. It work a diverse selection of products in various industries such as housing, infrastructure, agriculture, automotive, electricity, cement, mining, solar energy, and general engineering. Aside from production operations, it also engages in trading of supplementary products such as door stoppers, magnets, table brackets, bed lifters, and bell magnets.
The Company own and operate a manufacturing unit located in Rajkot, Gujarat,. It has installed a diverse array of plant and machinery to facilitate the fabrication and production in diverse selection of products. These products include aldrop, handles, door kits, hinges, tower bolts, gate hooks, screws, door stops, magnets, table chains, universal brackets, bed dadi, brass cam bolts, table brackets, basket trolleys, bed lifters, bed sockets, and bell magnets. Besides, the Promoters, Hitesh M. Bhuva and Hetal Hitesh Bhuva have experience in the iron and steel industry as well. The Company company has also been certified with ISO 9001:2015, to Quality Management System for the design and manufacture of hardware products.
The Company came up with the IPO of issuing 11,22,000 Equity shares of Rs 10 each by raising funds aggregating to Rs 36.02 crore, comprising a fresh issue of 9,00,000 Equity shares amounting to Rs 28.89 crore and the offer for sale of 2,20,000 Equity shares amounting to Rs 7.13 crore on
June 03, 2026.
Liotech Industries Ltd IPO will close on 19 Jun 2026.
- Experienced & Qualified Team.
- Compliance with Quality Standards & Consistency in Quality and Service.
- Wide Range of Product Portfolio
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Hiteshbhai Mansukhbhai Bhuva | 750000 | 25 | 750000 | 19.23 |
| 2 | Hetal Hitesh Bhuva | 375000 | 12.5 | 375000 | 9.61 |
| 3 | Vipul Mansukhbhai Bhuva | 750000 | 25 | 750000 | 19.23 |
| 4 | Pushpaben Mansukhbhai Bhuva | 375000 | 12.5 | 264000 | 6.77 |
| 5 | Mansukhbhai Kadvabhai Bhuva | 374900 | 12.49 | 263900 | 6.77 |
| 6 | Femina Vipulbhai Bhuva | 375000 | 12.5 | 375000 | 9.61 |
| 7 | Bhaveshbhai Dholariya | 100 | --- | 100 | --- |
- The company depends on the success of its relationships with the company customers. Its derives a significant part of the company revenue from its major customers and the company does not has long term contracts with these customers. If one or more of such customers choose not to source their requirements from its, the company business, financial condition and results of operations may be adversely affected.
- The company is highly dependent on its suppliers for uninterrupted supply of raw-materials. The company has not entered into any long-term supply agreement for the major raw materials required for manufacturing of its products. Also volatility in the prices and non-availability of these raw materials may has an adverse impact in the company business prospects, results of operations and financial condition.
- The company business operations is majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could has a significant impact on the company revenue and results of operations.
- Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.
- The Company has reported certain negative cash flows from its operating and investing activities, details of which are given below. Sustained negative cash flow could impact the company growth and business in the future.
- The intellectual Property Rights used by the company is "objected" and is not registered in the name of its company. Any failures to protect the company intellectual property rights may adversely affect its business.
- The company intend to utilise a portion of the Net Proceeds for funding its capital expenditure requirements. The company is yet to place orders 100% of the Plant & Machinery, as specified in the Objects of the Offer chapter. Any delay in procurement of such Plant & Machinery may delay the schedule of implementation and may also lead to increase in cost of these Plant & Machinery, further affecting its revenue and profitability.
- The company requires working capital for its smooth day-to-day operations of business and any discontinuance or the company inability to acquire adequate working capital timely and on favourable terms may has an adverse effect on its operations, profitability and growth prospects.
- The Company has entered into certain related party transactions in the past and may continue to does so in the future, which may potentially involve conflicts of interest with the equity shareholders.
- The demand and pricing in the steel and steel products industry is volatile and is sensitive to the cyclical nature of the industries it serves.
- The Company has availed unsecured loan which is repayable on demand. Any demand from the lenders for repayment of such unsecured loan may affect its financial condition.
- The average cost of acquisition of Equity Shares by the company Promoters and the Selling Shareholders could be lower than the price determined at time of registering the Prospectus.
- The company industry is labour intensive and its business operations may be materially adversely affected by strikes, work stoppages or increased wages demands by the company employees or those of its suppliers.
- The company has not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by its.
- The company success significantly depends upon the services of its Promoters and other Key Managerial Personnel and the company ability to retain them. Its inability to attract, hire, train and retain key managerial personnel may adversely affect the operations of the Company.
- Improper handling of machineries could result in accidents and may lead to loss of life and may has an impact on the image of the company business which could has an adverse effect on the company net sales, profitability and results of its operations.
- The Company is dependent on the continuing operation of its manufacturing facilities. Any significant interruption in manufacturing at the company facilities could has a material adverse effect on its business, results of operations and financial condition.
- The company insurance coverage may not adequately protect its against all material hazards, which may adversely affect the company business, results of operations and financial condition.
- The Objects of the Offer for which funds is being raised, are based on the company management estimates and the same has not been appraised by any bank or financial institution or any independent agency. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titled as "Objects of the Offer".
- Any reduction in the demands for the company products could lead to underutilization of its manufacturing capacity. The company may also faces surplus production of a particular product dues to various reasons including inaccurate forecasting of customer requirements, which could adversely affect the company business, results of operations, financial condition and cash flows.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failures to obtain or retain them in a timely manner or at all may adversely affect the company operation.
- The company faces competition in its business from both organized and unorganized sector. Such competition may has a negative impact on the company business prospects, future performance and financial condition.
- The company could be adversely affected dues to Fraud, theft, employee misconduct, negligence or errors that is difficult to detect and any such incidents could adversely affect its financial condition, results of operations and reputation.
- The Company will not receive any proceeds from the Offer for Sale.
- In addition to regular remuneration, other benefits and expense reimbursement the company Promoters, Directors, key managerial personnel or senior management hold a vested interest in its Company; to the extent of their shareholding and associated dividend entitlements. They also has a stake in transactions involving the company, whether with themselves individually or with its group companies/entities. The Company in future may enter in related party transactions subject to necessary compliances.
- All of the company revenue from operations is generated from India. Any adverse development affecting its operations in India could has an adverse impact on its business, financial condition and results of operations.
- Certain delays, discrepancies and Omissions has been detected in the company statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.
- Any variation in the utilization of the company Net Proceeds as disclosed in this Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
- The company Promoters and Promoter Group will continue to retain majority shareholding in its after the Offer, which will allow them to exercise significant influence over the company and potentially create conflicts of interest.
- The company inability to manage growth could disrupt its business and reduce the company profitability.
- The company ability to pay any dividends will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures. Moreover, its might not sustain historical dividend levels moving forward.
- There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.
- The rate of interest for the loans obtained by the company from the banks and Financial Institutions is variable and any increase in interest rates may adversely affect its results of operations and financial condition.
- Changes in technology may render the company current technologies obsolete or requires its to make substantial investments.
- Any delay or defaults in receipt of payments or dues from the company customers could result in a reduction of its profits.
- The company has not made any alternate arrangements for financing the `Objects of the Offer'. Any shortfall in raising or meeting the same could adversely affect its growth plans, operations and financial performance.
- The requirements of being a public listed company may strain its resources and impose additional requirements.
- Pursuant to listing of the Equity Shares, the company may be subject to pre-emptive surveillance measures like Additional Surveillance Measure ("ASM") and Graded Surveillance Measures ("GSM") by the Stock Exchanges in order to enhance market integrity and safeguard the interest of investors.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- There is no existing market for the company Equity Shares, and its does not know if one will develop. The company stock price may be highly volatile after the Offer and, as a result, you could lose a significant portion or all of your investment.
- Investors can be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
- The ability of Indian companies to raise foreign capital may be constrained by Indian law.
- There is no guarantee that the Equity Shares issued pursuant to the Offer will be listed on the SME Platform of BSE in a timely manner, or at all.
The Issue type of Liotech Industries Ltd is Fixed Price - SME.
The minimum application for shares of Liotech Industries Ltd is 800.
The total shares issue of Liotech Industries Ltd is 1122000.
Initial public offering of 11,22,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Liotech Industries Limited ("Liotech" or the "Company") for cash at a price Rs. 321 per equity share (including a share premium of Rs. 311 per equity share) ("Offer Price") aggregating to Rs. 36.02 Crores, the offer comprises fresh issue of up to 9,00,000 equity shares aggregating to Rs. 28.89 Crores ("Fresh Issue") and an offer for sale of Rs. 2,22,000 equity shares by the selling shareholder aggregating Rs. 7.13 Crores (the "Selling Shareholder") (the "Offer for Sale", and together with the fresh issue, the "Offer"). out of which 58,000 equity shares of face value of Rs. 10/- each for a cash price of Rs. 321 per equity share, aggregating to
Rs. 1.86 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. Issue of 10,64,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 321 per equity share aggregating to Rs. 34.15 Crores (is hereinafter referred to as the "Net Issue"). The issue and the net issue will constitute 28.77% and 27.28%, respectively of the post issue paid up equity share capital of the company.
Fixed Issue at as Rs. 321/- per equity share of face value of Rs. 10.00 each.
The Issue price is 32.1 times the face value of the equity shares.
Bids can be made for a minimum of 2 lots of 400 equity shares and in multiples of 400 equity shares thereafter.