L.T.Elevator IPO Details
The L.T.Elevator IPO is a book build issue with a total issue size of ₹39.37 cr, comprising of fresh issue of 5048000 equity shares. L.T.Elevator IPO opened for subscription on Sep 12, 2025 and closed on Sep 16, 2025. L.T.Elevator IPO is set price band at ₹76 to ₹78 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹249,600.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 17, 2025, and listed on both the NSE and BSE on Sep 19, 2025.
Cameo Corporate Services Limited has been appointed as the registrar. Horizon Management Private Limited are the Book Running Lead Manager for the issue.
Before investing in the L.T.Elevator IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 76 – 78
- Lot Size
- 1600
- Issue Size
- ₹39.37 Cr
- Minimum Investment
- ₹249600 (3200 Shares)
- Listing Date
- 19 September 2025
Current GMP
₹45 (+57.69%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About L.T.Elevator Ltd
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.
L.T.Elevator IPO Promoters
- Arvind Gupta
- Usha Gupta
- Yash Gupta
Promoters Holding
Holding Pre Issue
85.14%
Holding Post Issue
62.36%
L.T.Elevator IPO Objective
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
Book Running Lead Managers
- Horizon Management Private Limited
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 with a total issue size of ₹39.37 crore. The L.T.Elevator IPO price band is ₹76 to 78 per share. The L.T.Elevator IPO subscription opens on Fri, Sep 12, 2025, and closes on Tue, Sep 16, 2025. The L.T.Elevator IPO will be listed on the BSE. Cameo Corporate Services Limited is the registrar for the L.T.Elevator IPO.
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 per share.
L.T.Elevator IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹249600 based on the upper price band
The minimum investment for L.T.Elevator IPO is ₹249600, based on one lot of 1600 shares at the upper price band of ₹78 per share.
Investors can apply for the L.T.Elevator IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 16, 2025. The application amount remains blocked until the L.T.Elevator IPO allotment is finalized.
L.T.Elevator IPO issue size is ₹39.37 crores.
L.T.Elevator IPO allotment date is Wed, Jul 1, 2026.
The registrar for L.T.Elevator IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check L.T.Elevator IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.