L.T.Elevator IPO
L.T.Elevator IPO
Overview
L.T.Elevator IPO is a book build issue of ₹39.37 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹39.37 crore. L.T.Elevator IPO bidding opened for subscription on Sep 12, 2025 and will close on Sep 16, 2025. The allotment for the L.T.Elevator IPO is expected to be finalized on Sep 17, 2025. L.T.Elevator IPO will list on BSE SME with a tentative listing date fixed as Sep 19, 2025. L.T.Elevator IPO price band is set at ₹76.00 to ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,49,600.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹3,74,400. Horizon Management Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Rainbow Securities Pvt.Ltd..
Total Shares
50,48,000
Issue Size
₹39.37 Cr
Price Band
₹76 – ₹78
Lot Size
1600 shares
Min. Investment
₹2,49,600
Max. Investment
₹2,49,600
Open Date
12 Sep, 2025
Close Date
16 Sep, 2025
Allotment
17 Sep, 2025
Listing
19 Sep, 2025
Max. Investment
₹2,49,600
Announced
12 Sep, 2025
Opening Date
12 Sep, 2025
Closing Date
16 Sep, 2025
Basis of Allotment
17 Sep, 2025
Initiation of Refunds
18 Sep, 2025
Credit of Shares
18 Sep, 2025
Listing Date
19 Sep, 2025
Live GMP
Est. Listing: ₹103
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About L.T.Elevator IPO
Incorporated in August 2008, L. T. Elevator Limited provides quality Elevator system solutions, focusing on superior service, engineering, and technical solutions.
The company offers comprehensive solutions, including elevator manufacturing, installation, commissioning, and annual maintenance. L.T. Elevator provides EPC (engineering, procurement, construction) and O&M (operations, maintenance) services, operating under a \Customer First Philosophy.\
The company offers a produc
L.T.Elevator IPO Share Price
Issue Breakdown
Shareholding
Dilution: 35.8% increase in shares
L.T.Elevator IPO Promoters Holding
L.T.Elevator IPO Financial Health
L.T.Elevator Ltd.'s revenue increased by 40% and profit after tax (PAT) rose by 182% between the financial year ending with March 31, 2025 and March 31, 2024.
L.T.Elevator IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 3200 | ₹2,49,600 |
| S-HNI (Min) | 3 | 4800 | ₹3,74,400 |
| S-HNI (Max) | 8 | 12800 | ₹9,98,400 |
| B-HNI (Min) | 9 | 14400 | ₹11,23,200 |
(All values in CR)
L.T.Elevator IPO Valuations
The market capitalization of L.T.Elevator IPO is ₹149.47 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
L.T.Elevator IPO Strength & Risk
L.T.Elevator IPO Strength:
Established player in elevator manufacturing, offering end-to-end solutions including manufacturing, installation, commissioning, and annual maintenance.
In-house testing lab ensuring quality control and compliance with safety standards.
Modular design approach and 24/7 service support enhancing customer satisfaction.
Strong financial performance with consistent revenue and profit growth.
Experienced management team with proven project management and implementation skills.
Strategic manufacturing facility located in Chakchata, West Bengal, producing 800 elevators annually.
Robust order book indicating healthy demand and business visibility.
L.T.Elevator IPO Risk:
Single-location manufacturing facility creating operational risk.
Dependence on obtaining and renewing various approvals and licenses.
Reliance on stable logistics and transportation infrastructure for operations.
Seasonal and other fluctuations affecting cash flows and business operations.
Outstanding legal proceedings involving the company and directors.
Unsecured loans from related parties repayable on demand affecting cash flows.
Listing on the SME segment may limit liquidity and increase volatility.
L.T.Elevator IPO Subscriptions Status
L.T.Elevator IPO subscribed 118.44 times. The public issue subscribed 103.93 times in the individual investors category, 43.43 times in QIB (Ex Anchor), and 252.30 times in the NII category by September 16, 2025 2:54:34 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 14,36,800 | 14,36,800 | 11.21 |
| Market Maker | 1.00 | 2,52,800 | 2,52,800 | 1.97 |
| QIB (Ex Anchor) | 43.43 | 9,60,000 | 4,16,91,200 | 325.19 |
| Non-Institutional Buyers | 252.30 | 7,20,000 | 18,16,57,600 | 1 |
| bNII (bids above ₹10L) | 307.24 | 4,80,000 | 14,74,73,600 | 1 |
| sNII (bids below ₹10L) | 142.43 | 2,40,000 | 3,41,83,999 | 266.64 |
| Individual Investors (IND category bidding for 2 Lots) | 103.93 | 16,78,400 | 17,44,35,200 | 1 |
| Total | 118.44 | 33,58,400 | 39,77,84,000 | 3 |
L.T.Elevator IPO GMP
L.T.Elevator SME IPO last GMP is ₹20, last updated Sep 16th 2025 02:32 PM. With the price band of 78.00, L.T.Elevator SME IPO's estimated listing price is ₹98 (cap price + today's GMP).The expected percentage gain/loss per share is 25.64%. >> L.T.Elevator SME IPO Retail Subject to Sauda: ₹24300 The lowest GMP is ₹10.00, while the highest GMP is ₹25.00.
Last updated 15 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 15 Sep, 2025 | 78 | ₹25▲ | 30400 | ₹103 (32.05%) | 40000 | 15 Sep, 2025 |
| 14 Sep, 2025 | 78 | ₹22▲ | 26800 | ₹100 (28.21%) | 35200 | 14 Sep, 2025 |
| 13 Sep, 2025 | 78 | ₹10 | 12200 | ₹88 (12.82%) | 16000 | 13 Sep, 2025 |
| 12 Sep, 2025 | 78 | ₹10▼ | 12200 | ₹88 (12.82%) | 16000 | 12 Sep, 2025 |
| 16 Sep, 2025 | 0 | ₹20 | 24300 | ₹98 (25.64%) | 32000 | 16 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for L.T.Elevator IPO
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Go to IPO Section
Find L.T.Elevator IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.