Liotech Industries Limited finalized its IPO allotment status on Monday, June 22, 2026, shifting investor attention to the upcoming listing on the BSE SME platform. The Rajkot-based hardware manufacturer, which offered 1,122,000 equity shares at a fixed price of ₹321 per share, saw its ₹36.02 crore public issue subscribed 1.91 times by the close of the bidding period on June 19.
Following the allotment finalization, the company has begun initiating refunds for unsuccessful bidders today. Shares are scheduled to be credited to the demat accounts of successful applicants on June 23, 2026. The technical transition comes as the broader financial market observes macro warning signs emerge that have made investors more discerning regarding small and medium enterprise (SME) listings.
How to check Liotech Industries IPO allotment status
Investors can verify their allotment status through the official portal of the registrar, Kfin Technologies. The process requires navigating to the IPO status page, selecting “Liotech Industries Ltd” from the dropdown menu, and entering either a PAN Number, Application Number, or DP/Client ID. Alternatively, the status can be confirmed via the Bombay Stock Exchange (BSE) website.
Successful retail bidders were required to commit a minimum investment of ₹2,56,800 for a lot size of 400 shares. The IPO reservation was split equally, with 50% of the net offer (532,000 shares) allocated to retail investors and the remaining 50% to Non-Institutional Investors (NIIs). A market maker portion of 58,000 shares was also included in the structure.
Flat grey market premium signals cautious debut
As of June 22, 2026, the latest Grey Market Premium (GMP) for Liotech Industries Limited stands at ₹0. This unofficial indicator suggest a flat listing expectation, with the stock potentially trading at par with its ₹321 offer price. While the grey market often reflects early sentiment, actual performance will depend on market conditions when trading begins on Wednesday, June 24.
The muted grey market activity contrasts with the company’s recent financial trajectory. Liotech reported revenue of ₹51.79 crore and a Profit After Tax (PAT) of ₹5.49 crore for the nine months ended December 2025. This follows a growth period where revenue climbed from ₹8.49 crore in FY23 to ₹40.69 crore in FY25.
This expansion in the B2B hardware sector resembles how increased activity in specific networks often precedes broader institutional recognition.
Utilization of fresh issue proceeds and company profile
The IPO consisted of a fresh issue of 900,000 shares (₹28.89 crore) and an Offer For Sale (OFS) of 222,000 shares (₹7.13 crore). Under the leadership of Managing Director Mr. Hiteshbhai Mansukhbhai Bhuva, the company intends to use the fresh proceeds for significant capital expenditure.
Approximately ₹8 crore is earmarked for machinery acquisition at its Rajkot manufacturing facility, while ₹4.95 crore will go toward loan repayment.
Liotech Industries Limited operates a 12,632-square-foot facility and specializes in steel-based hardware for industries ranging from housing and infrastructure to solar energy and automotive. As large banks increase exposure to diverse financial assets, domestic manufacturing firms remain a cornerstone for investors looking for tangible industrial growth.
The company will also use ₹7 crore of the proceeds to meet working capital requirements for its expanding B2B operations.