L.T. Elevator Limited IPO

L.T. Elevator Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹76 - ₹78

Total Issue

₹39.37 Cr

Bid Dates

12 Sep - 16 Sep

Subscription

170.21x

Est. GMP

₹30 (38.46%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

L. T. Elevator, founded in 2008 by technology expert Arvind Gupta, offers comprehensive elevator solutions with a focus on quality, safety, and energy efficiency. The company provides end-to-end services, including manufacturing, installation, commissioning, and maintenance under annual contracts. Operating with a “Customer First Philosophy,” L. T. Elevator delivers innovative modular designs, advanced engineering, and 24×7 service support. It offers EPC (engineering, procurement, and construction) and O\&M (operations and maintenance) solutions, backed by a 12-month product warranty from commissioning.

Lot Info

Lot Information for L.T. Elevator IPO
Category Lots Shares Amount
Individual (Min) 2 3,200 ₹2,49,600
Individual (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
Market Maker
252800 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹39.37 Cr
Fresh Issue
₹39.37 Cr (0.50 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹30
Est. Price ₹108
Est. Gain 38.46%

L.T. Elevator IPO Peer Comparison

(Rs. in crores)

L.T. Elevator IPO Peer Comparison Table
Particulars L.T. Elevator IPO Aaron Industries
Revenue from Ops (in Crs.) 56.52 77.93
PAT (In Crs.) 8.94 8.24
EPS - Basic 8.50 7.86
NAV per share 33.24 41.08
RONW 19.68% 19.14%
EBITDA 26.94% 19.29%
PAT Margin 15.82% 10.58%
Price to earning (PE) 9.18 43.54
  • All information pertains to FY 2024-25.
  • PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 26, 2024 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for L.T. Elevator IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue from Operations 56.52 40.14 34.39
Profit after Tax 8.94 3.17 1.25
Net Worth 45.43 10.74 7.57
Total Borrowing 17.30 14.02 13.64
Total Assets 86.99 42.78 42.68
NAV per share (in ₹) 33.24 23.30 16.42
EPS - Basic (in ₹) 8.50 3.44 1.35

KPIs

EBITDA

26.94%

PAT

15.82%

ROE

20.52%

ROCE

30.50%

Net Debt to EBITDA

0.86

PE Ratio

9.18

PB Ratio

2.35

Mkt Cap (in Crs.)

149.47

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

85.14%

Public

14.86%

Arvind Gupta 61.29%
Usha Gupta 22.91%
Others 0.94%

Management

Arvind Gupta MD
Biplab Das CFO

Registrar & Lead Managers

Registrar

Cameo Corporate Services

Cameo Corporate Services

Lead Managers (1)

Horizon Management Horizon Management

Subscription Status

Updated as on 16 Sep 2025 | 05:00:00 PM

BSE SME Subscription Status for L.T. Elevator IPO
Category Sub (x) Offered Bids
QIB 95.10x 9,60,000 9,12,92,800
NII 356.16x 7,20,000 25,64,38,400
bHNI 428.35x 4,80,000 20,56,09,600
sHNI 211.79x 2,40,000 5,08,28,800
Individual Investor 158.90x 16,78,400 26,66,91,200
Total 182.95x 33,58,400 61,44,22,400

Frequently Asked Questions

What is L.T. Elevator IPO?
L.T. Elevator IPO is a SME IPO having an issue size of ₹39.37 Crs. L.T. Elevator IPO is priced at ₹76 - ₹78 per share. The issue opens on 12 Sep 25 and closes on 16 Sep 25.
When will L.T. Elevator IPO open?
L.T. Elevator IPO opens on 12 Sep 25 and closes on 16 Sep 25.
What is the GMP of L.T. Elevator IPO?
The estimated Grey Market Premium of L.T. Elevator IPO is ₹30 per share (38.46%).
What is the lot size of L.T. Elevator IPO?
The minimum lot size of L.T. Elevator IPO is 1600 shares & the minimum application amount is Rs. 124800.
When is the allotment of L.T. Elevator IPO?
The allotment date of L.T. Elevator IPO is 17 Sep 25.
What is the listing date of L.T. Elevator IPO?
The listing date of L.T. Elevator IPO is 19 Sep 25.
What is the subscription of L.T. Elevator IPO?
L.T. Elevator IPO is subscribed 170.21 times.
What is the price band of L.T. Elevator IPO?
L.T. Elevator IPO is priced at ₹76 - ₹78 per share.
How to check allotment status of L.T. Elevator IPO?
Click the allotment link on L.T. Elevator IPO page of IPO360.
How to apply L.T. Elevator IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply L.T. Elevator IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply L.T. Elevator IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select L.T. Elevator IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date