New Delhi: 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.