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 opens for subscription on Sep 12, 2025 and closes 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..
Refer to L.T.Elevator IPO RHP for detailed Information.
| 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 Rainbow Securities Pvt.Ltd. (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 IPO offers total 50,48,000 shares. Out of which 23,96,800 (47.48%) allocated to QIB, 9,60,000 (19.02%) allocated to QIB (Ex- Anchor), 7,20,000 (14.26%) allocated to NII, 16,78,400 (33.25%) allocated to RII and 14,36,800 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,800 (5.01%) |
| QIB Shares Offered | 23,96,800 (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 (14.26%) |
| − bNII > ₹10L | 4,80,000 (9.51%) |
| − sNII < ₹10L | 2,40,000 (4.75%) |
| Retail Shares Offered | 16,78,400 (33.25%) |
| Total Shares Offered | 50,48,000 (100.00%) |
L.T.Elevator IPO raises ₹11.21 crore from anchor investors. L.T.Elevator IPO Anchor bid date is September 11, 2025.
| 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) | October 11, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 10, 2025 |
L.T.Elevator IPO opens on September 12, 2025, and closes on September 16, 2025.
| 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 |
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 | 3,200 | ₹2,49,600 |
| Individual investors (Retail) (Min) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of L.T.Elevator IPO is ₹149.47 Cr.
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 |
The Company L.T.Elevator IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] LTEL is engaged in the business of manufacturing and supplying various types of elevators. It operates on B2B model of business. It is also in the business of smart parking with multi-level parking solutions. It has an overall order book worth Rs. 22.07 cr. as of August 27, 2025. The company posted growth in its top and bottom lines for the reported periods. Boosted profits for FY25 raise eyebrows and concern over its sustainability. Based on its recent financial data, the IPO appears aggressively priced. Well-informed investors may park moderate funds for medium term. Read detail review...
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/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
L.T.Elevator IPO is a SME IPO of 50,48,000 equity shares of the face value of ₹10 aggregating up to ₹39.37 Crores. The issue is priced at . The minimum order quantity is 1600.
The IPO opens on September 12, 2025, and closes on September 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 September 12, 2025 and closes on September 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 Thursday, September 18, 2025. Check the L.T.Elevator IPO allotment status.
The L.T.Elevator IPO listing date is not yet announced. The tentative date of L.T.Elevator IPO listing is Friday, September 19, 2025.
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