L.T. Elevator Ltd. IPO Detail.: IPO is a new issue of 50.48 lakh shares, which aims to ₹ 39.37 crore. The price band for shares is fixed between ₹ 76.00 and .00 78.00 per share. This offer is a book-made issue, in which shares are to be listed on BSE SME. The issue was opened on September 12, 2025, and will be closed on 16 September 2025. The minimum application for a retail investor is for 3,200 shares, requiring an investment of ₹ 2,49,600.
L.T. Elevator Ltd. IPO Overview
L.T. Elevator Ltd. is a company that manufactures, installs, and maintains elevator systems. The company’s IPO is a book-made issue of 39.37 crore, which is a new issue of equity shares. The price band for IPO is set to ₹ 76 to ₹ 78 per equity shares. The IPO has a lot of size 1,600 shares, with a required list on BSE SME. The bidding period of this issue runs from 12 September to 16 September, 2025.
| Details | Descriptions |
|---|---|
| IPO Date | September 12, 2025 to September 16, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,48,000 shares (aggregating up to ₹39.37 Cr) |
| Reserved for Market Maker | 2,52,800 shares (aggregating up to ₹1.97 Cr) |
| Net Offered to Public | 47,95,200 shares (aggregating up to ₹37.40 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,41,15,055 shares |
| Share Holding Post Issue | 1,91,63,055 shares |
L.T. Elevator Ltd. IPO Schedule
The membership period for the IPO was opened on Friday, September 12, 2025. The IPO is set to close on Tuesday, September 16, 2025. The basis of allocation is temporarily determined for Wednesday, September 17, 2025. The shares are expected to submit to Demat accounts by Thursday, September 18, 2025. The listing date on BSE SME is planned for Friday, September 19, 2025.
| Details | Description |
|---|---|
| IPO Open Date | Fri, Sep 12, 2025 |
| IPO Close Date | Tue, Sep 16, 2025 |
| Tentative Allotment | Wed, Sep 17, 2025 |
| Initiation of Refunds | Thu, Sep 18, 2025 |
| Credit of Shares to Demat | Thu, Sep 18, 2025 |
| Tentative Listing Date | Fri, Sep 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 16, 2025 |
L.T. Elevator Ltd. IPO Lot Size Details
A retail investor will have to apply for a minimum of 2 lots, or 3,200 shares. Minimum investment required for a retail application. 2,49,600. Small high net-beauty individuals (S-HNI) will have to apply for a minimum of 3 lots, or 4,800 shares. The minimum investment for S-HNI investors is ₹3,74,400. Big High Net-worth Individuals (B-HNI) have a minimum application of 9 lots, which is 14,400 shares, at a value of ₹11,23,200.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,49,600 |
| S-HNI (Min) | 3 | 4,800 | ₹3,74,400 |
| S-HNI (Max) | 8 | 12,800 | ₹9,98,400 |
| B-HNI (Min) | 9 | 14,400 | ₹11,23,200 |
L.T. Elevator Ltd. IPO Allocation
The IPO allocated 2,52,800 shares to the market manufacturer, representing 5.01% of the total issue. Eligible institutional buyers (QIBS) received a total of 23,96,800 shares, or 47.48%. 7,20,000 shares were allocated to non-institutional investors (NIIs), 14.26% of the IPO. Retail individual investors (RII) were given the largest share, with 16,78,400 shares or 33.25%. Within the QIB category, anchor investors got a significant stake of 14,36,800 shares.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,800 (5.02%) |
| QIB Shares Offered | 23,96,800 (47.46%) |
| NII (HNI) Shares Offered | 7,20,000 (14.26%) |
| Retail Shares Offered | 16,78,400 (33.26%) |
| Total Shares Offered | 50,48,000 (100.00%) |
L.T. Elevator Ltd. IPO Promoter Holding
The promoters of the company are Arvind Gupta, Usha Gupta, and Yash Gupta. Prior to the IPO, the promoters held an 85.14% stake in the company. The post-issue promoter shareholding percentage has not been explicitly stated. The change in promoter shareholding will be calculated after the IPO. Promoter holding is a key factor for long-term investors.
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 85.14% |
| Promoter Holding Post Issue | – |
L.T. Elevator Ltd. IPO Anchor Investors Details
The company raised ₹11.21 crore from its anchor investors. The anchor bid date was September 11, 2025, one day before the IPO opened. A total of 14,36,800 shares were offered to anchor investors. The lock-in period for 50% of the anchor shares is 30 days, ending on October 11, 2025. The remaining 50% of the anchor shares have a 90-day lock-in period, ending on December 10, 2025.
| Details | Description |
|---|---|
| Bid Date | September 11, 2025 |
| Shares Offered | 14,36,800 |
| Anchor Portion Size (In Cr.) | 11.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | 11-Oct-25 |
| Anchor lock-in period end date for remaining shares (90 Days) | 10-Dec-25 |
Overview of L.T. Elevator Ltd.
Incorporated in August 2008, L.T. Elevator Ltd. is a company that specializes in providing comprehensive elevator system solutions. Their services span from manufacturing and installation to commissioning and ongoing annual maintenance. The company works under a “customer first philosophy” and is committed to providing engineering, procurement and construction (EPC) and operation and maintenance (O & M) services. Their product line is known for its innovative modular designs, including both manual and semi-automatic lifts, all supported by 24/7 service support. With a manufacturing facility in West Bengal, the company has an annual production capacity of 800 lifts and by 319 March 2025, 319 people have been appointed. There is a strong increase, with an increase in revenue after tax (PAT) and increase in revenue after tax (PAT) after the financial years ending on 31 March, 2024, and 31 March 2025. The promoters of the company are Arvind Gupta, Usha Gupta, and Yash Gupta.
Company Financials
L.T. Elevator Ltd. Financial Information (Restated Standalone)
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|---|---|---|
| Assets | 86.99 | 42.78 | 42.68 |
| Total Income | 56.74 | 40.63 | 34.73 |
| Profit After Tax | 8.94 | 3.17 | 1.25 |
| EBITDA | 15.23 | 6.67 | 4.05 |
| Net Worth | 45.43 | 10.74 | 7.57 |
| Reserves and Surplus | 31.77 | 6.13 | 2.96 |
| Total Borrowing | 17.30 | 14.02 | 13.64 |
Key Performance Indicator (KPI)
The market cap. of L.T. Elevator IPO is ₹149.47 Crores.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 20.52% |
| ROCE | 30.50% |
| Debt/Equity | 0.38 |
| RoNW | 19.68% |
| PAT Margin | 15.82% |
| EBITDA Margin | 26.94% |
| Price to Book Value | 2.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 6.34 | 4.67 |
| P/E (x) | 12.31 | 16.71 |
L.T. Elevator IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Working Capital Requirements | 20.00 |
| Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement | 8.80 |
| General corporate purposes | – |
L.T. Elevator IPO Subscription Status
| Category | Subscription | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.00 | 9,60,000 | 0 | 0 |
| NII* | 0.10 | 7,20,000 | 72,000 | 0 |
| bNII (bids above ₹10L) | 0.09 | 4,80,000 | 44,800 | – |
| sNII (bids below ₹10L) | 0.11 | 2,40,000 | 27,200 | – |
| Individual Investors | 0.28 | 16,78,400 | 4,64,000 | 0 |
| Total | 0.16 | 33,58,400 | 5,36,000 | 157 |
L.T. Elevator Ltd. IPO Contact Details
- L.T. Elevator Ltd.
- Capricorn Nest 3,
- Gobinda, Auddy Road,
- Kolkata, West Bengal, 700027
- Phone: +913324480447
- Email: cs@ltelevator.com
- Website: http://www.ltelevator.com/
L.T. Elevator Ltd. IPO Registrar
Cameo Corporate Services Ltd.
| Details | Descriptions |
|---|---|
| Phone: | +91-44-28460390 |
| Email: | ipo@cameoindia.com |
| Website: | https://ipo.cameoindia.com/ |
L.T. Elevator Ltd. IPO FAQs
How to submit an application for the L.T. Elevator Ltd. using Zerodha?
You can apply online by logging into your Zerodha Console, navigating to the IPO section, and entering your UPI ID and bid details
When L.T. Elevator Ltd. IPO become available?
The IPO will open on September 12, 2025.
What is the minimum lot size for the L.T. Elevator Ltd. IPO?
The minimum lot size is 1600 shares.
What is the process to apply for the L.T. Elevator Ltd. IPO?
You can apply online using ASBA through your bank’s net banking or UPI through a broker.
When will the shares for the L.T. Elevator Ltd. IPO be allotted?
The allotment is expected to be finalized on September 17, 2025.
What is the expected listing date for the L.T. Elevator Ltd. IPO?
The tentative listing date is September 19, 2025.
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