Comparison between L.T.Elevator IPO and Workmates Core2Cloud IPO.
L.T.Elevator IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Workmates Core2Cloud IPO is a SME Bookbuilding proposed to list at BSE SME.
| L.T.Elevator IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Horizon Management Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Rainbow Securities Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of L.T.Elevator IPO is up to ₹37.40 Cr whereas the issue size of the Workmates Core2Cloud IPO is up to ₹66.34 Cr. The final issue price of L.T.Elevator IPO is ₹78.00 per share and of Workmates Core2Cloud IPO is ₹204.00 per share.
| L.T.Elevator IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹76.00 per share | ₹200.00 per share |
| Issue Price (Upper) | ₹78.00 per share | ₹204.00 per share |
| Issue Price (Final) | ₹78.00 per share | ₹204.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 600 shares |
| Fresh Issue Size | 47,95,200 shares | 27,37,200 shares |
| Fresh Issue Size (Amount) | up to ₹37.40 Cr | up to ₹55.84 Cr |
| OFS Issue Size | 0 shares | 5,14,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.50 Cr |
| Issue Size Total | 47,95,200 shares | 32,52,000 shares |
| Issue Size Total (Amount) | up to ₹37.40 Cr | up to ₹66.34 Cr |
L.T.Elevator IPO opens on Sep 12, 2025, while Workmates Core2Cloud IPO opens on Nov 11, 2025. The closing date of L.T.Elevator IPO and Workmates Core2Cloud IPO is Sep 16, 2025, and Nov 13, 2025, respectively.
| L.T.Elevator IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Bid Date | Sep 11, 2025 | Nov 10, 2025 |
| Issue Open | Sep 12, 2025 | Nov 11, 2025 |
| Issue Close | Sep 16, 2025 | Nov 13, 2025 |
| Basis Of Allotment (Tentative) | Sep 17, 2025 | Nov 14, 2025 |
| Initiation of Refunds (Tentative) | Sep 18, 2025 | Nov 17, 2025 |
| Credit of Share (Tentative) | Sep 18, 2025 | Nov 17, 2025 |
| Listing date (Tentative) | Sep 19, 2025 | Nov 18, 2025 |
| Anchor Lockin End date 1 | Oct 17, 2025 | Dec 13, 2025 |
| Anchor Lockin End date 2 | Dec 16, 2025 | Feb 11, 2026 |
L.T.Elevator IPO P/E ratio is 12.31, as compared to Workmates Core2Cloud IPO P/E ratio of 14.66.
| L.T.Elevator IPO | Workmates Core2Cloud IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)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.
| Company Financials (Restated Consolidated)Workmates Core2Cloud Solution Ltd.'s revenue increased by 102% and profit after tax (PAT) rose by 160% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 85.14 | 98.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.71 | 72.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.31 | 14.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹149.47 Cr. | ₹263.54 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 20.52% | 67.44% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 30.50% | 64.61% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.38 | 0.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.34 | ₹13.91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.68% | 60.85% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the L.T.Elevator IPO Retail Individual Investors (RII) are offered 16,78,400 shares while in Workmates Core2Cloud IPO retail investors are offered 16,78,400 shares. Qualified Institutional Buyers (QIB) are offered 9,60,000 shares in L.T.Elevator IPO and 6,62,400 shares in Workmates Core2Cloud IPO.
| L.T.Elevator IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,36,800 shares | 9,60,000 shares |
| Market Maker Reservation | 2,52,800 shares | 1,71,600 shares |
| QIB | 9,60,000 shares | 6,62,400 shares |
| NII | 7,20,000 shares | 4,89,600 shares |
| RII | 16,78,400 shares | 11,40,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,95,200 shares | 32,52,000 shares |
L.T.Elevator IPO subscribed 182.95x in total, whereas Workmates Core2Cloud IPO subscribed 141.38x.
| L.T.Elevator IPO | Workmates Core2Cloud IPO | |
|---|---|---|
| QIB (times) | 95.10x | 147.03x |
| NII (times) | 356.16x | 202.96x |
| Big NII (times) | 428.35x | 244.88x |
| Small NII (times) | 211.79x | 119.11x |
| RII (times) | 158.90x | 111.64x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 182.95x | 141.38x |
