{"id":129592,"date":"2026-06-24T13:15:45","date_gmt":"2026-06-24T07:45:45","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=129592"},"modified":"2026-06-24T13:15:46","modified_gmt":"2026-06-24T07:45:46","slug":"liotech-industries-ipo-listing-discount-bse-sme","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/","title":{"rendered":"Liotech Industries IPO Listing: Opens at Rs 257 Discount to IPO Price Rs 321, Falls to Rs 244.15 on BSE SME"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Liotech Industries IPO: Listed Rs 257 (-19.9% discount), fell to Rs 244.15 (-24%). IPO price Rs 321. BSE SME. GMP was nil pre-listing. FY25 revenue Rs 41 Cr (+46%). Hardware, Rajkot, Gujarat.<\/em><\/p>\n<p>The <a href=\"https:\/\/univest.in\/stocks\/liotech\/liotech-industries-ltd-share-price-today\">Liotech Industries<\/a> IPO has had a difficult debut on the BSE SME platform today, listing at a significant discount of approximately 19.9% to its IPO price of Rs 321. The Liotech Industries IPO shares opened at Rs 257, well below the fixed issue price, and continued to decline, hitting an intraday low of Rs 244.15, which represents a total fall of approximately 24% from the IPO price. Allottees who received shares in the Liotech Industries IPO are currently sitting on a loss of approximately Rs 77 per share from the IPO price of Rs 321, based on the current trading price. The poor listing outcome was, to some extent, anticipated by grey market participants: the Liotech Industries IPO GMP (grey market premium) was effectively nil ahead of listing, suggesting that unofficial market participants did not expect significant listing gains. Ankit Jaiswal, Senior Research Analyst at Univest notes that the Liotech Industries IPO listing at a discount reflects both company-specific risk concerns, including high customer concentration and the business being less than six years old, as well as broader SME market conditions.<\/p>\n<p>The Liotech Industries IPO raised Rs 36.02 crore through a combination of a fresh issue of Rs 28.89 crore (9.00 lakh new shares) and an offer for sale of Rs 7.13 crore (2.22 lakh shares by existing shareholders). The Liotech Industries IPO was a fixed-price issue at Rs 321 per share. The OFS component means that Rs 7.13 crore of the total proceeds went to existing selling shareholders rather than to the company. The fresh issue proceeds are intended for machinery acquisition to expand manufacturing capacity, working capital requirements, loan repayment, and general corporate purposes. Wealth Mine Networks Private Limited was the book-running lead manager, KFin Technologies Limited is the registrar, and Aikyam Capital Private Limited is the market maker for the Liotech Industries IPO.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=liotech-industries-ipo-listing-discount-bse-sme\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#Liotech_Industries_IPO_Listing_Day_Performance\" title=\"Liotech Industries IPO Listing Day Performance\">Liotech Industries IPO Listing Day Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#Why_Is_the_Liotech_Industries_IPO_Listing_at_a_Discount\" title=\"Why Is the Liotech Industries IPO Listing at a Discount?\">Why Is the Liotech Industries IPO Listing at a Discount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#About_Liotech_Industries_Hardware_Manufacturer_Rajkot\" title=\"About Liotech Industries: Hardware Manufacturer, Rajkot\">About Liotech Industries: Hardware Manufacturer, Rajkot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#Conclusion_Liotech_Industries_IPO_Listing_at_Discount\" title=\"Conclusion: Liotech Industries IPO Listing at Discount\">Conclusion: Liotech Industries IPO Listing at Discount<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#Why_is_Liotech_Industries_IPO_listing_at_a_discount\" title=\"Why is Liotech Industries IPO listing at a discount?\">Why is Liotech Industries IPO listing at a discount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#What_is_the_Liotech_Industries_IPO_listing_price\" title=\"What is the Liotech Industries IPO listing price?\">What is the Liotech Industries IPO listing price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#What_does_Liotech_Industries_make\" title=\"What does Liotech Industries make?\">What does Liotech Industries make?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#What_were_Liotech_Industries_financials\" title=\"What were Liotech Industries&#8217; financials?\">What were Liotech Industries&#8217; financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#What_should_IPO_allottees_do_after_the_Liotech_Industries_IPO_listing_at_discount\" title=\"What should IPO allottees do after the Liotech Industries IPO listing at discount?\">What should IPO allottees do after the Liotech Industries IPO listing at discount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#What_is_the_Liotech_Industries_IPO_lot_size\" title=\"What is the Liotech Industries IPO lot size?\">What is the Liotech Industries IPO lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#Why_was_Liotech_Industries_IPO_GMP_zero_before_listing\" title=\"Why was Liotech Industries IPO GMP zero before listing?\">Why was Liotech Industries IPO GMP zero before listing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/liotech-industries-ipo-listing-discount-bse-sme\/#What_is_the_Liotech_Industries_company_background\" title=\"What is the Liotech Industries company background?\">What is the Liotech Industries company background?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Liotech_Industries_IPO_Listing_Day_Performance\"><\/span><strong>Liotech Industries IPO Listing Day Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Parameter<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Liotech Industries IPO Price (fixed)<\/td>\n<td>Rs 321<\/td>\n<\/tr>\n<tr>\n<td>Listing Exchange<\/td>\n<td>BSE SME platform<\/td>\n<\/tr>\n<tr>\n<td>Listing Day Open<\/td>\n<td>Rs 257 (-19.9% vs IPO price)<\/td>\n<\/tr>\n<tr>\n<td>Listing Day High<\/td>\n<td>Rs 257<\/td>\n<\/tr>\n<tr>\n<td>Listing Day Low \/ Current<\/td>\n<td>Rs 244.15 (-24% vs IPO price)<\/td>\n<\/tr>\n<tr>\n<td>IPO GMP before listing<\/td>\n<td>Nil (Rs 0)<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>Rs 36.02 crore (fresh Rs 28.89 Cr + OFS Rs 7.13 Cr)<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>400 shares (min retail: 800 shares at Rs 2,56,800)<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Wealth Mine Networks Pvt Ltd<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>KFin Technologies Ltd<\/td>\n<\/tr>\n<tr>\n<td>Market Maker<\/td>\n<td>Aikyam Capital Pvt Ltd<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Liotech_Industries_IPO_Listing_at_a_Discount\"><\/span><strong>Why Is the Liotech Industries IPO Listing at a Discount?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Liotech Industries Share Price Live on Univest Screener<\/strong><\/a><\/p>\n<p>Several factors likely contributed to the Liotech Industries IPO listing at a steep discount. First, the grey market premium was nil ahead of listing, signalling the absence of pre-listing speculative demand that typically supports strong SME debuts. Second, the Liotech Industries IPO pricing at Rs 321 may have been viewed as aggressive relative to the company&#8217;s scale: it was incorporated in 2020, making it a young company with a limited operating track record. Third, customer concentration is a significant risk: the top five customers of Liotech Industries account for approximately 61.3% of revenue, and the top 10 customers account for approximately 91.43% of revenue. This level of concentration means any client attrition could materially impact revenues. Fourth, the company has no presence in South India (51.74% revenue from Western India, 46.64% from Eastern India), limiting the diversification of its revenue base. Finally, SME IPOs with nil GMP and no clear listing catalyst tend to see selling pressure from allottees on listing day as investors book out at any available price.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Liotech_Industries_Hardware_Manufacturer_Rajkot\"><\/span><strong>About Liotech Industries: Hardware Manufacturer, Rajkot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Liotech Industries Limited is a Rajkot, Gujarat-based manufacturer of hardware structures and accessories, incorporated in 2020. The Liotech Industries IPO gives investors exposure to a B2B hardware supplier serving housing, infrastructure, agriculture, automotive, electricity, cement, mining, solar energy, and general engineering industries. Products include door kits, hinges (cut and butt, parliament, W, Z, duck variants), gate hooks, aldrops, locks, handles, tower bolts, and shelf bottoms, across more than 150 distinct specifications. The company also trades complementary products such as door stoppers, magnets, table brackets, and bed lifters. The manufacturing facility in Rajkot spans 12,632 square feet and was operating at approximately 88.4% capacity utilization as of the most recently reported period. Financially, Liotech Industries showed strong growth in its most recently reported year: revenue was Rs 40.69 crore, up approximately 46% from Rs 27.87 crore in the prior year, and PAT was Rs 4.16 crore, up approximately 42% from Rs 2.93 crore. The promoters are Hiteshbhai Mansukhbhai Bhuva, Hetal H Bhuva, and Vipul M Bhuva.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_Liotech_Industries_IPO_Listing_at_Discount\"><\/span><strong>Conclusion: Liotech Industries IPO Listing at Discount<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Liotech Industries IPO has listed at a significant discount, opening at Rs 257 (-19.9%) and falling to Rs 244.15 (-24%) against the IPO price of Rs 321. The nil GMP before listing had signalled this outcome. While the company&#8217;s FY25 revenue growth of approximately 46% and PAT growth of approximately 42% are positive fundamentals, concerns around customer concentration, limited track record (incorporated 2020), and aggressive pricing have weighed on the Liotech Industries IPO listing performance. Investors who applied should assess their holding strategy. Track the Liotech Industries IPO share price on Univest. Consult a SEBI-registered financial advisor before making any buy, hold, or exit decisions.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Liotech Industries IPO share price and all BSE SME listings on Univest.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> All data sourced from publicly available information, BSE, NSE, and SEBI filings. Verify all figures from official exchange portals. IPO investments are subject to market risk. This is educational content only, not investment advice from Univest (SEBI RA INH000013776). SME IPOs carry higher volatility and lower liquidity than mainboard stocks.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Liotech_Industries_IPO_listing_at_a_discount\"><\/span><strong>Why is Liotech Industries IPO listing at a discount?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Liotech Industries IPO is listing at a discount because: the grey market premium (GMP) was nil before listing, signalling absence of speculative demand; high customer concentration (top 10 customers = 91.43% of revenue) is a risk concern; the company was incorporated in 2020 with a limited track record; the IPO pricing at Rs 321 may have been aggressive relative to the company&#8217;s current scale; and no clear listing catalyst emerged to support demand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Liotech_Industries_IPO_listing_price\"><\/span><strong>What is the Liotech Industries IPO listing price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Liotech Industries IPO listed on BSE SME at Rs 257 against the fixed IPO price of Rs 321, a discount of approximately 19.9%. The stock subsequently fell to Rs 244.15, representing a loss of approximately 24% from the IPO price for allottees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Liotech_Industries_make\"><\/span><strong>What does Liotech Industries make?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Liotech Industries Limited manufactures hardware structures and accessories from its facility in Rajkot, Gujarat. Products include door kits, various types of hinges (cut and butt, parliament, W, Z, duck hinges), gate hooks, aldrops, locks, handles, tower bolts, and shelf bottoms, across over 150 distinct specifications. The company also trades complementary products like door stoppers, magnets, and table brackets. It serves housing, infrastructure, agriculture, automotive, electricity, cement, mining, and solar energy industries on a B2B basis.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Liotech_Industries_financials\"><\/span><strong>What were Liotech Industries&#8217; financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Liotech Industries&#8217; most recently reported financials: Revenue Rs 40.69 crore (up approximately 46% from Rs 27.87 crore), PAT Rs 4.16 crore (up approximately 42% from Rs 2.93 crore). Capacity utilization was 88.4%. The company derives 93.68% of revenue from manufacturing and 6.32% from trading. Top 5 customers account for 61.3% of revenue, and top 10 for 91.43%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_should_IPO_allottees_do_after_the_Liotech_Industries_IPO_listing_at_discount\"><\/span><strong>What should IPO allottees do after the Liotech Industries IPO listing at discount?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors who received allotment in the Liotech Industries IPO and are currently at a loss of approximately 24% from the IPO price should review the company&#8217;s fundamentals, their own investment horizon, and risk tolerance. Options include: exit at current market price to limit further loss; hold for the medium term if they believe in the company&#8217;s hardware business growth; or partially exit. There is no standard recommendation, as the right course depends on each investor&#8217;s individual situation. Consult a SEBI-registered financial advisor before making any decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Liotech_Industries_IPO_lot_size\"><\/span><strong>What is the Liotech Industries IPO lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Liotech Industries IPO lot size is 400 shares. The minimum retail application was 2 lots (800 shares) at Rs 2,56,800 at the IPO price of Rs 321. HNI investors required a minimum of 3 lots (1,200 shares) at Rs 3,85,200. Market maker for the Liotech Industries IPO on BSE SME is Aikyam Capital Private Limited.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_was_Liotech_Industries_IPO_GMP_zero_before_listing\"><\/span><strong>Why was Liotech Industries IPO GMP zero before listing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Liotech Industries IPO GMP (grey market premium) was nil before listing because grey market participants did not see enough demand to drive a pre-listing premium. This typically happens when: IPO pricing is seen as fully valued or aggressive; the business is very young (Liotech was incorporated in 2020); subscription numbers did not generate the kind of excitement that drives GMP; and customer concentration risk is high. A nil GMP is usually a warning signal for listing-day performance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Liotech_Industries_company_background\"><\/span><strong>What is the Liotech Industries company background?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Liotech Industries Limited was incorporated in 2020 in Rajkot, Gujarat, and converted to a public limited company in . The company manufactures hardware accessories including hinges, door kits, locks, bolts, and handles, serving B2B clients across housing, infrastructure, and industrial sectors. Promoters are Hiteshbhai Mansukhbhai Bhuva, Hetal H Bhuva, and Vipul M Bhuva. Post-IPO, promoter holding is expected to fall from 99.99% to approximately 71.23%.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why is Liotech Industries IPO listing at a discount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Liotech Industries IPO is listing at a discount because: the grey market premium (GMP) was nil before listing, signalling absence of speculative demand; high customer concentration (top 10 customers = 91.43% of revenue) is a risk concern; the company was incorporated in 2020 with a limited track record; the IPO pricing at Rs 321 may have been aggressive relative to the company's current scale; and no clear listing catalyst emerged to support demand.\"}},{\"@type\":\"Question\",\"name\":\"What is the Liotech Industries IPO listing price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Liotech Industries IPO listed on BSE SME at Rs 257 against the fixed IPO price of Rs 321, a discount of approximately 19.9%. The stock subsequently fell to Rs 244.15, representing a loss of approximately 24% from the IPO price for allottees.\"}},{\"@type\":\"Question\",\"name\":\"What does Liotech Industries make?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Liotech Industries Limited manufactures hardware structures and accessories from its facility in Rajkot, Gujarat. Products include door kits, various types of hinges (cut and butt, parliament, W, Z, duck hinges), gate hooks, aldrops, locks, handles, tower bolts, and shelf bottoms, across over 150 distinct specifications. The company also trades complementary products like door stoppers, magnets, and table brackets. It serves housing, infrastructure, agriculture, automotive, electricity, cement, mining, and solar energy industries on a B2B basis.\"}},{\"@type\":\"Question\",\"name\":\"What were Liotech Industries' financials?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Liotech Industries' most recently reported financials: Revenue Rs 40.69 crore (up approximately 46% from Rs 27.87 crore), PAT Rs 4.16 crore (up approximately 42% from Rs 2.93 crore). Capacity utilization was 88.4%. The company derives 93.68% of revenue from manufacturing and 6.32% from trading. 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Consult a SEBI-registered financial advisor before making any decision.\"}},{\"@type\":\"Question\",\"name\":\"What is the Liotech Industries IPO lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Liotech Industries IPO lot size is 400 shares. The minimum retail application was 2 lots (800 shares) at Rs 2,56,800 at the IPO price of Rs 321. HNI investors required a minimum of 3 lots (1,200 shares) at Rs 3,85,200. Market maker for the Liotech Industries IPO on BSE SME is Aikyam Capital Private Limited.\"}},{\"@type\":\"Question\",\"name\":\"Why was Liotech Industries IPO GMP zero before listing?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Liotech Industries IPO GMP (grey market premium) was nil before listing because grey market participants did not see enough demand to drive a pre-listing premium. This typically happens when: IPO pricing is seen as fully valued or aggressive; the business is very young (Liotech was incorporated in 2020); subscription numbers did not generate the kind of excitement that drives GMP; and customer concentration risk is high. A nil GMP is usually a warning signal for listing-day performance.\"}},{\"@type\":\"Question\",\"name\":\"What is the Liotech Industries company background?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Liotech Industries Limited was incorporated in 2020 in Rajkot, Gujarat, and converted to a public limited company in . The company manufactures hardware accessories including hinges, door kits, locks, bolts, and handles, serving B2B clients across housing, infrastructure, and industrial sectors. Promoters are Hiteshbhai Mansukhbhai Bhuva, Hetal H Bhuva, and Vipul M Bhuva. 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Falls to Rs 244.15 (-24%). Hardware manufacturer, Rajkot. GMP was nil before listing. FY25 revenue Rs 41 Cr. 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