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 till June 19. Shares of Liotech Industries are tentatively scheduled to be listed on the BSE SME on June 24, the company said in a statement.
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 utilised 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," Hiteshbhai Mansukhbhai Bhuva, MD of Liotech Industries Ltd, said.
These initiatives will help us increase order-taking capacity, expand our geographical presence, and deliver higher value to maintaining consistent quality standards, he added.
Gujarat-based Liotech Industries manufactures precision hardware structures and accessories including door kits, hinges, hooks, aldrops, locks, handles, and bolts.
On the financial front, 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.
