Bookbuilding IPO | ₹39 Cr | Listed at BSE SME | Fri, Sep 12, 2025 - Tue, Sep 16, 2025
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 started from Sep 12, 2025 and ended on Sep 16, 2025. The allotment for L.T.Elevator IPO was finalized on Sep 17, 2025. The shares got listed on BSE SME on Sep 19, 2025.
L.T.Elevator IPO price band is set at ₹78 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 (3,200 shares) (based on upper price). The minimum lot size for investment in 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..
Refer to L.T.Elevator IPO RHP for detailed Information.
IPO Open
Fri, Sep 12, 2025
IPO Close
Tue, Sep 16, 2025
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹149.47 Cr
| IPO Date | 12 to 16 Sep, 2025 |
| Listed on | Fri, Sep 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹78 |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 50,48,000 shares (agg. up to ₹39 Cr) |
| Reserved for Market Maker | 2,52,800 shares Rainbow Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 47,95,200 shares (agg. up to ₹37 Cr) |
| Net Offered to Public | 47,95,200 shares (agg. up to ₹37 Cr) |
| Share Holding Pre Issue | 1,41,15,055 shares |
| Share Holding Post Issue | 1,91,63,055 shares |
| BSE Script Code | 544518 |
| ISIN | INE0TJ801010 |
L.T.Elevator IPO comprises a total issue size of 50,48,000 shares. The net offer to the public is 47,95,200 shares, after excluding 2,52,800 shares allotted on a firm basis. Of the Net offer 23,96,800 (49.98%) are allocated to QIB, 7,20,000 (15.02%) allocated to NII 16,78,400 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,96,800 | 49.98% | 47.48% |
| − Anchor Investor Shares Offered | 14,36,800 | 28.46% | |
| − QIB (Ex. Anchor) Shares Offered | 9,60,000 | 19.02% | |
| NII (HNI) Shares Offered | 7,20,000 | 15.02% | 14.26% |
| − bNII > ₹10L | 4,80,000 | 9.51% | |
| − sNII < ₹10L | 2,40,000 | 4.75% | |
| Retail Shares Offered | 16,78,400 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,52,800 | 5.01% | |
| Total Shares Offered | 50,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| 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 IPO raises ₹11.21 crore from anchor investors. L.T.Elevator IPO Anchor bid date is September 11, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 11, 2025 |
| Shares Offered | 14,36,800 |
| Anchor Portion (₹ Cr.) | 11.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Oct 17, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Dec 16, 2025 |
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 product line with innovative modular design, advanced engineering, and 24/7 service support.
The company has an in-house testing lab for quality checks supervised by qualified personnel. They integrate professional management with technology for enhanced performance, industry expertise, and proven experience to best serve our customers.
Product Portfolio:
1. Elevators 2. Manual elevators 3. Semi-Automatic elevators
The company's manufacturing facility is situated in Chakchata, West Bengal. The manufacturing facility produces 800 elevators annually, equipped with modern equipment, ensuring quality control, following sustainable practices, and serving as an innovation hub.
As of March 31, 2025, the Company has 319 employees on payroll.
Competitive Strength:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 20.00 |
| 2 | Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement | 8.80 |
| 3 | General corporate purposes | 5.90 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 6.34 | 4.67 |
| P/E (x) | 12.31 | 16.71 |
| Promoter Holding | 85.14% | 62.71% |
| Market Cap | ₹149.47 Cr. |
The L.T.Elevator IPO is subscribed 182.95 times on September 16, 2025 5:04:33 PM (Day 3). The public issue subscribed 158.90 times in the individual investors category, 95.10 times in the QIB category, and 356.16 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 95.10 | 9,60,000 | 9,12,92,800 | 0 |
| NII* | 356.16 | 7,20,000 | 25,64,38,400 | 0 |
| bNII (bids above ₹10L) | 428.35 | 4,80,000 | 20,56,09,600 | |
| sNII (bids below ₹10L) | 211.79 | 2,40,000 | 5,08,28,800 | |
| Individual Investors | 158.90 | 16,78,400 | 26,66,91,200 | 0 |
| Total | 182.95 | 33,58,400 | 61,44,22,400 | 1,07,380 |
Total Application : 1,07,380
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses | 0.75 |
| 2 | Fees of Book Running Lead Manager in any form/name/purpose | 0.40 |
| 3 | Marketing and Selling Commission and expenses | 4.11 |
| 4 | Advertising and marketing expenses | 0.07 |
| 5 | Printing and distribution of issue stationery | 0.02 |
| 6 | Listing fees | 0.01 |
| 7 | BSE processing fees | 0.03 |
| 8 | Other regulatory expenses | 0.05 |
| 9 | Miscellaneous | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹136.10 |
| Low | ₹131.15 |
| High | ₹142.90 |
| Last Trade | ₹142.90 |
Lead Manager Reports
L.T.Elevator IPO is a SME IPO of 50,48,000 equity shares of the face value of ₹10 aggregating up to ₹39 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Sep 12, 2025, and closes on Tue, Sep 16, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in L.T.Elevator IPO using UPI as a payment gateway. Zerodha customers can apply in L.T.Elevator IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in L.T.Elevator IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The L.T.Elevator IPO opens on Fri, Sep 12, 2025 and closes on Tue, Sep 16, 2025.
L.T.Elevator IPO lot size is 1600, and the minimum amount required for application is ₹2,49,600, with 2 lots being the minimum application size.
You can apply in L.T.Elevator IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for L.T.Elevator IPO will be done on Wednesday, September 17, 2025, and the allotted shares will be credited to your demat account by Thu, Sep 18, 2025. Check the L.T.Elevator IPO allotment status.
The L.T.Elevator IPO listing date is on Fri, Sep 19, 2025.
