New Delhi, June 15 -- The initial public offering (IPO) of Liotech Industries is set to hit the primary market later this week on June 17 to raise Rs.36 crore. The offer will close on June 19.

The company has fixed the price for its upcoming share sale at Rs.321 apiece. Liotech Industries IPO is a mix of a fresh share sale of up to 2.22 lakh shares and an offer for sale of up to 9 lakh shares.

The net proceeds from the IPO will be used for capital expenditure towards acquiring machinery, funding towards repayment of loans, working capital requirements, and general corporate purposes.

Investors can apply for the offer in lots of 400 shares. Retail investors need to apply for at least two lots, requiring an investment of Rs.2,56,800.

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