L.T. Elevator IPO
L.T. Elevator IPO Details
-
Open Date
12 Sep 2025
-
Close Date
16 Sep 2025
-
Listing Date
19 Sep 2025
- IPO Price Range
₹ 76 to ₹78
- IPO Size
₹ 39.37 Cr
- Listing Exchange
BSE SME
L.T. Elevator IPO Timeline
L.T. Elevator IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Sep-25 | 0.00 | 1.19 | 0.84 | 0.68 |
| 15-Sep-25 | 0.00 | 6.55 | 6.20 | 4.50 |
| 16-Sep-25 | 95.10 | 356.16 | 158.90 | 182.95 |
Last Updated: 16 September 2025 6:43 PM by 5paisa
Founded in August 2008, L.T. Elevator Limited provides comprehensive elevator system solutions across manufacturing, installation, commissioning, EPC and O&M services. The company operates under a “Customer First Philosophy”, delivering products with modular design, advanced engineering, and round-the-clock service support.
Its manufacturing facility in Chakchata, West Bengal produces around 800 elevators annually. The facility is equipped with modern machinery, an in-house testing lab, and robust quality-control processes. As of March 2025, the company employed 319 people.
Established In: 2008
MD: Arvind Gupta
L.T. Elevator Objectives
The company proposes to utilise the net proceeds from the issue for the following purposes:
Working Capital Requirements – ₹20.00 crore
Investment in subsidiary Park Smart Solutions Limited for its working capital – ₹8.80 crore
General corporate purposes and issue-related expenses
L.T. Elevator IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹39.37 cr |
| Offer For Sale | 0.00 |
| Fresh Issue | ₹39.37 cr |
L.T. Elevator IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,43,200 |
| Retail (Max) | 2 | 3,200 | ₹2,49,600 |
| S-HNI (Min) | 3 | 4,800 | ₹3,64,800 |
| S-HNI (Max) | 7 | 11,200 | ₹8,51,200 |
| B-HNI (Min) | 8 | 12,800 | ₹9,72,800 |
L.T. Elevator IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 95.10 | 9,60,000 | 9,12,92,800 | 712.08 |
| NII (HNI) | 356.16 | 7,20,000 | 25,64,38,400 | 2,000.22 |
| Individual Investors (IND category bidding for 2 Lots) | 158.90 | 16,78,400 | 26,66,91,200 | 2,080.19 |
| Total** | 182.95 | 33,58,400 | 61,44,22,400 | 4,792.49 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 34.39 | 40.13 | 56.12 |
| EBITDA | 4.05 | 6.67 | 15.23 |
| PAT | 1.25 | 3.17 | 8.94 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 42.68 | 42.78 | 86.99 |
| Share Capital | 4.60 | 4.60 | 13.67 |
| Total Borrowing | 13.64 | 14.02 | 17.30 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 3.27 | -2.82 | -2.78 |
| Net Cash Generated From / (used in) investing activities | -0.51 | 198.39 | -6.26 |
| Net Cash Generated From / (used in) financing activities | -2.32 | 0.82 | 8.95 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.45 | -0.02 | -0.09 |
Strengths
1. Modern facility with 800 elevators per year capacity
2. Strong promoter background and industry expertise
3. Broad portfolio of products
4. Established supplier relationships
Weaknesses
1. High working capital needs
2. Limited geographic manufacturing base (West Bengal)
3. Cash flow volatility in recent years
4. Dependence on a small pool of key personnel
Opportunities
1. Growing urbanisation driving demand for elevators
2. Expansion into Tier-2 and Tier-3 cities
3. Potential for smart and sustainable elevator solutions
4. Increasing demand for elevators for residential projects
Threats
1. Competition from domestic and global players
2. Input cost fluctuations
3. Regulatory and safety compliance risks
4. Rapidly Evolving Technologies
1. Strong revenue and profit growth – PAT rose 182% YoY in FY25
2. Robust product portfolio and innovation-driven operations
3. Expanding customer base with focus on service and quality
4. Clear use of proceeds tied to working capital and subsidiary support
5. Positioned well to benefit from India’s growing urban infrastructure demand
1. India’s real estate, infrastructure, and urbanisation growth is driving demand for elevators and escalators.
2. With rising high-rise constructions and modern housing complexes, the elevator industry has significant growth potential.
3. Adoption of smart, modular and eco-friendly elevators is expected to create further opportunities for specialised players like L.T. Elevator.
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FAQs
L.T. Elevator IPO opens from September 12, 2025 to September 16, 2025.
The size of L.T. Elevator IPO is ₹39.37 Cr.
The price band of L.T. Elevator IPO is fixed at ₹76 to ₹78 per share.
To apply for L.T. Elevator IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the L.T. Elevator IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of L.T. Elevator IPO is of 2 lots consisting of 3,200 shares and the investment required is ₹2,43,200.
The share allotment date of L.T. Elevator IPO is September 18, 2025
The L.T. Elevator IPO will likely be listed on September 19, 2025.
Horizon Management Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
L.T. Elevator plans to utilise the raised capital from the IPO for:
● Working Capital Requirements – ₹20.00 crore
● Investment in subsidiary Park Smart Solutions Limited for its working capital – ₹8.80 crore
● General corporate purposes and issue-related expenses
L.T. Elevator Contact Details
Capricorn Nest 3,
Gobinda
Auddy Road,
Kolkata, West Bengal, 700027
Phone: +913324480447
Email: cs@ltelevator.com
Website: http://www.ltelevator.com/
L.T. Elevator IPO Register
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
L.T. Elevator IPO Lead Manager
Horizon Management Pvt.Ltd