The Liotech Industries initial public offering has shown 12% subscription on its second day of trading, demonstrating improved investor interest compared to the 8% subscription recorded on the first day. According to latest reports, retail investors continue to lead subscription levels with 13% subscription, while non-institutional investors have shown stronger participation at 12% subscription compared to the initial 2% subscription on day one. The company has received bids for 81,600 shares against 10,64,000 shares on offer as of the latest trading session.
As reported by LiveMint, the IPO comprises a fresh issue of 9 lakh equity shares worth ₹28.89 crore and an offer for sale (OFS) of 2.22 lakh shares worth approximately ₹7.13 crore, totaling ₹36.02 crore. Investors can apply for a minimum lot of 800 shares, requiring an investment of ₹2.57 lakh at the upper price band. For high-net-worth individuals, the minimum application size is 1,200 shares, translating to an investment of ₹3.85 lakh. The issue allocation is evenly split with 50% reserved for retail investors and the remaining 50% for non-institutional investors.
According to LiveMint, Liotech Industries is a Rajkot-based manufacturer established in 2020 that produces hardware structures and accessories serving multiple sectors including housing, infrastructure, agriculture, automotive, power, cement, mining, and solar energy. The company operates from a manufacturing facility spanning 12,632 square feet in Rajkot, Gujarat, and offers more than 150 product specifications designed for diverse industrial applications. Its product portfolio includes door kits, hinges, gate hooks, aldrop locks, handles, tower bolts, and shelf supports, operating primarily on a business-to-business model.
As reported by LiveMint, Liotech Industries demonstrated consistent financial growth over recent periods. For the nine months ended December 2025, the company reported revenue of ₹51.79 crore and profit after tax of ₹5.49 crore. In FY25, revenue stood at ₹40.69 crore with net profit of ₹4.16 crore, representing significant growth from revenue of ₹27.87 crore and net profit of ₹2.93 crore in FY24.
According to LiveMint, the grey market premium (GMP) stands at ₹51, indicating investors' willingness to pay more than the issue price. Considering the upper price band and current grey market premium, the estimated listing price is ₹372 per share, representing a 15.89% premium over the IPO price of ₹321. The company intends to utilize net proceeds from the fresh issue for capital expenditure, debt repayment, working capital requirements, and general corporate purposes, with approximately ₹24.28 crore earmarked for these purposes.
