L.T.Elevator IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Industrial Equipments
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…
Open Date
Fri, 12 Sep 2025
Close Date
Tue, 16 Sep 2025
Price Band
₹ 76 – 78
Lot Size
1600
Issue Size
₹ 39.37 Cr
Minimum Investment
₹ 249,600 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
L.T.Elevator IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹39.37 Crore, comprising a fresh issue of 50.48 Lakh equity shares aggregating to ₹39.37 Crore.
The L.T.Elevator IPO remained open for subscription from September 12, 2025, to September 16, 2025. The basis of allotment was finalized on September 17, 2025, and the company's shares were listed on BSE SME Platform on September 19, 2025.
The company had fixed the price band at ₹76 to ₹78 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹249,600 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Horizon Management Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, L.T.Elevator Ltd is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
L.T.Elevator IPO Timeline (Tentative)
- IPO Open Date
- Fri, 12 Sep 25
- IPO Close Date
- Tue, 16 Sep 25
- Basis of Allotment
- Wed, 17 Sep 25
- Initiation of Refunds
- Thu, 18 Sep 25
- Credit of Shares to Demat
- Thu, 18 Sep 25
- Listing Date
- Fri, 19 Sep 25 — NSE & BSE
Open Date
12 September 2025
Close Date
16 September 2025
Basis Of Allotment
17 September 2025
Listing Date
19 September 2025
IPO Subscription
Check Live Subscription →The L.T.Elevator IPO has received bids for 61,48,24,000 shares against 33,58,400 shares offered, resulting in an overall subscription of 183.07x. the NII category is subscribed 356.52x, Retail Investors 158.98x, and QIBs 95.1x.
QIB
95.1x
NII
356.52x
RII
158.98x
Total
183.07x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,78,400 shares, representing 49.97% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,60,000 shares (28.59%), while Non-Institutional Investors (NIIs) receive 7,20,000 shares (21.44%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 960,000 | 28.59% |
| Non-Institutional | 720,000 | 21.44% |
| BNII | 480,000 | 14.29% |
| SNII | 240,000 | 7.15% |
| Retail Investors | 1,678,400 | 49.97% |
| Total | 3,358,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
L.T.Elevator Ltd KPI Information
| Particular | KPI as of Mon, Mar 31, 2025. |
|---|---|
| ROE % | 20.52 |
| ROCE % | 30.5 |
| Debt / Equity | 0.38 |
| RoNW % | 19.68 |
| Pat Margin % | 15.82 |
Peers Comparison
No Peer Comparision Available
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
L.T.Elevator Ltd Address / Contact Details
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
L.T.Elevator IPO Lot Size
The L.T.Elevator IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹2,49,600 by applying for 2 lot (3,200 shares). The maximum application allowed for the retail category is 2 lots (3,200 shares), requiring an investment of ₹2,49,600.
| 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 |
Issue Reservation
- QIB — 28.59%
- NII — 21.44%
- RII — 49.97%
Book Running Lead Managers
- Horizon Management Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the L.T.Elevator 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.
When will the L.T.Elevator IPO open for subscription?
The L.T.Elevator IPO opens on Fri, Sep 12, 2025 and closes on Tue, Sep 16, 2025
What is L.T.Elevator IPO Price Band?
L.T.Elevator IPO Price Band is ₹76 to 78 per share.
What is L.T.Elevator IPO Lot Size?
L.T.Elevator IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹249600 based on the upper price band
What is the minimum investment for L.T.Elevator IPO?
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.
How to apply for L.T.Elevator IPO?
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.
What is L.T.Elevator IPO Issue Size?
L.T.Elevator IPO issue size is ₹39.37 crores.
What is the L.T.Elevator IPO Allotment Date?
L.T.Elevator IPO allotment date is Wed, Sep 17, 2025.
Who is the L.T.Elevator IPO Registrar?
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.
What is the L.T.Elevator IPO GMP?
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 57.69% over the issue price.
Who is the L.T.Elevator IPO Lead Manager?
The book-running lead managers (BRLMs) for the L.T.Elevator IPO are Horizon Management Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the L.T.Elevator IPO Red Herring Prospectus (RHP).