L.T.Elevator IPO
Open SmeCurrent GMP
₹45 (+57.69%)
Price Band
₹ 76 – 78
Lot Size
1600
Issue Size
₹39.37 Cr
Minimum Investment
₹249600 (3200 Shares)
Listing Date
19 September 2025
Subscription
183.07x
About the Company
Established in August 2008, L.T. Elevator Limited is a trusted name in vertical transportation solutions, offering end-to-end services across elevator manufacturing, installation, commissioning, and maintenance. With a focus on engineering excellence and customer-centric service, the company operates under a clear “Customer First” philosophy.
L.T. Elevator delivers complete EPC (Engineering, Procurement, and Construction) and O&M (Operations and Maintenance) solutions, backed by cutting-edge technology and 24/7 service support. Its product range includes:
- Passenger Elevators
- Goods Elevators
- Hospital Elevators
- Home Elevators
- Manual and Semi-Automatic Elevators
Manufacturing & Innovation
Headquartered in Chakchata, West Bengal, the company’s state-of-the-art manufacturing facility has an annual capacity of 800 elevator units. The facility integrates advanced machinery, sustainable practices, and a dedicated in-house R&D and testing lab managed by qualified engineers, ensuring product safety, quality, and energy efficiency.
Geographical Reach & Projects
L.T. Elevator has a growing footprint across India, with operations in key cities including Bhubaneswar, Delhi, Patna, and Guwahati, and is actively involved in Smart City projects in Silchar and Imphal. Its diverse clientele includes residential and commercial complexes, malls, hospitals, and government entities such as the Indian Railways.
As of March 31, 2025, the company employs 319 people and holds a confirmed order book worth INR 11.37 crore (as of August 27, 2025).
Subsidiary – Park Smart Solutions
The company’s wholly-owned subsidiary, Park Smart Solutions, specializes in automated multi-level car parking systems and maintains a robust order book of INR 106.98 crore. Together, both companies are set to scale operations further, with plans to allocate INR 20 crore from issue proceeds towards working capital requirements.
Competitive Strengths
- Modern manufacturing facility equipped with the latest technology
- Skilled, experienced technical workforce
- Strong brand reputation in customized elevator solutions
- Diverse product portfolio to meet varied customer needs
- Established relationships with global raw material suppliers
- Robust in-house R&D and quality control systems
- ISO 14001:2015 certified, emphasizing sustainability and safety
With a strong foundation in engineering, innovation, and service, L.T. Elevator Limited continues to be a reliable partner in vertical mobility across India.
Promoters
- Arvind Gupta
- Usha Gupta
- Yash Gupta
Promoters Holding
Holding Pre Issue
85.14%
Holding Post Issue
62.36%
Objects of the Issue
The Company L.T.Elevator IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Working Capital Requirements
- Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement
- General corporate purposes
Address / Contact Info
L.T.Elevator Limited
Capricorn Nest 3, Gobinda
Auddy Road, Kolkata,
West Bengal, 700027
Phone: +913324480447
Email: cs@ltelevator.com
Website: http://www.ltelevator.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 12 September 2025
IPO Close Date
Tuesday, 16 September 2025
Basis of Allotment
Wednesday, 17 September 2025
Initiation of Refunds
Thursday, 18 September 2025
Credit of Shares to Demat
Thursday, 18 September 2025
Listing Date
Friday, 19 September 2025 — NSE & BSE
Important Dates
Open Date
12 September 2025
Close Date
16 September 2025
Basis Of Allotment
17 September 2025
Listing Date
19 September 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 86.99 | 42.78 | 42.68 |
| Revenue | 56.74 | 40.63 | 34.73 |
| Profit After Tax | 8.94 | 3.17 | 1.25 |
| Net Worth | 45.43 | 10.74 | 7.57 |
| Reserve & Surplus | 31.77 | 6.13 | 2.96 |
| Total Borrowings | 17.3 | 14.02 | 13.64 |
EPS Pre
6.34%
EPS Post
4.67%
P/E Pre
12.31
P/E (Post Issue)
16.71x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 20.52 |
| ROCE % | 30.5 |
| Debt / Equity | 0.38 |
| RoNW % | 19.68 |
| PbW | 0 |
| Pat Margin % | 15.82 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 960000 | 28.59 | 0 |
| Non-Institutional | 720000 | 21.44 | 0 |
| BNII | 480000 | 14.29 | 0 |
| SNII | 240000 | 7.15 | 0 |
| Retail Investors | 1678400 | 49.97 | 0 |
| Total | 3358400 | 100 | 0 |
Subscription Status ( Tue, 16 Sep 25 01:56 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 960000 | 91292800 | 95.1x |
| Non-Institutional | 720000 | 256696000 | 356.52x |
| Retail Investors | 1678400 | 266835200 | 158.98x |
| Total | 3358400 | 614824000 | 183.07x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 249,600.00 |
| Retail (Max) | 2 | 3,200 | 249,600.00 |
| S-HNI (Min) | 3 | 4,800 | 374,400.00 |
| S-HNI (Max) | 8 | 12,800 | 998,400.00 |
| B-HNI (Min) | 9 | 14,400 | 1,123,200.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Horizon Management Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
L.T.Elevator IPO is a Book-building IPO worth ₹39.37 crores. The price band is ₹76 to 78 per share. The IPO opens on Fri, Sep 12, 2025 and closes on Tue, Sep 16, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The L.T.Elevator IPO opens on Fri, Sep 12, 2025 and closes on Tue, Sep 16, 2025
L.T.Elevator IPO Price Band is ₹76 to 78.
L.T.Elevator IPO lot size is 1600, and the minimum amount required for application is ₹249600.
The minimum investment for L.T.Elevator IPO is approximately ₹249600 based on the upper price band.
To apply for the L.T.Elevator IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Sep 16, 2025. After submission, funds are blocked until the basis of allotment of L.T.Elevator IPO is finalised.
L.T.Elevator IPO issue size is ₹39.37 crores.
L.T.Elevator IPO allotment date is Sat, Jun 27, 2026.
The registrar for L.T.Elevator IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to L.T.Elevator IPO through their official website or helpline.
The L.T.Elevator IPO GMP (Grey Market Premium) is ₹45 as of Fri, Sep 19, 2025. Based on the upper price band of ₹78 per share, the estimated L.T.Elevator IPO listing price is ₹123, indicating a potential listing gain of approximately 31% over the issue price.