L.T. Elevator Limited IPO
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.
Price Band₹76 - ₹78 |
Dates12 Sep - 16 Sep |
GMP₹30 (38.46%) |
Subscriptions170.21 times |
Issue Size₹39.37 Crs |
L.T. Elevator IPO Key Dates
Opening Date
12 Sep 25
Closing Date
16 Sep 25
Basis Of Allotment
17 Sep 25
Initiations Of Refund
18 Sep 25
Credit Of Shares
18 Sep 25
Listing Date
19 Sep 25
L.T. Elevator IPO Objects
- Funding of working capital requirements of our Company
- Investment in our subsidiary Park Smart Solutions Limited, for funding of its working capital requirement
- General corporate purposes
L.T. Elevator IPO Details
Price Band₹76 - ₹78 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹39.37 Cr (0.50 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹39.37 Cr (0.50 Cr Shares) |
Face Value₹10 per equity share |
L.T. Elevator IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
3,200
2,49,600
Maximum
2
3,200
2,49,600
|
|||
| Small HNI |
Minimum
3
4,800
3,74,400
Maximum
8
12,800
9,98,400
|
|||
| Big HNI |
Minimum
9
14,400
11,23,200
|
|||
L.T. Elevator IPO Subscription
Updated as on 16 Sep 2025 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 95.10 | 9,60,000 | 9,12,92,800 |
| NII | 263.87 | 7,20,000 | 25,66,91,200 |
| bNII (bids above ₹10L) | 428.88 | 4,80,000 | 20,58,62,400 |
| sNII (bids between ₹2L to ₹10L) | 211.79 | 2,40,000 | 5,08,28,800 |
| Retail | 158.90 | 16,78,400 | 26,66,91,200 |
| Total | 170.21 | 36,11,200 | 61,46,75,200 |
L.T. Elevator IPO GMP
The estimated Grey Market Premium of L.T. Elevator IPO is ₹30 per share (38.46%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 49.98% of Net Offer |
| NII | Not less than 35% of Net Offer |
| Retail | Not less than 15.02% of Net Offer |
| Market Maker | 252800 EQ Shares |
L.T. Elevator IPO Financials
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
L.T. Elevator IPO Peer Comparision
| 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
L.T. Elevator IPO Peer Comparision
| Particulars | L.T. Elevator IPO |
|---|---|
| Revenue from Ops (in Crs.) | 56.52 |
| PAT (In Crs.) | 8.94 |
| EPS - Basic | 8.50 |
| NAV per share | 33.24 |
| RONW | 19.68% |
| EBITDA | 26.94% |
| PAT Margin | 15.82% |
| Price to earning (PE) | 9.18 |
| Aaron Industries |
|---|
| 77.93 |
| 8.24 |
| 7.86 |
| 41.08 |
| 19.14% |
| 19.29% |
| 10.58% |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Arvind Gupta | 61.29% |
| Usha Gupta | 22.91% |
| Others | 0.94% |
| Total | 85.14% |
Management Details
| Name | Designation |
|---|---|
| Arvind Gupta | MD |
| Biplab Das | CFO |
Company Details
Name: L.T. Elevator Limited
Address: Capricorn Nest 3, Gobinda Auddy Road, Kolkata – 700 027, West Bengal, India.
Number: +91 3324480447
Email: cs@ltelevator.com
Website: www.ltelevator.com
Book Running Lead Managers (BRLMs)
RTAs
Cameo Corporate Services
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
L.T. Elevator IPO is a SME IPO having an issue size of Rs. ₹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.
L.T. Elevator IPO opens on 12 Sep 25 and closes on 16 Sep 25.
The estimated Grey Market Premium of L.T. Elevator IPO is ₹30 per share (38.46%).
The minimum lot size of L.T. Elevator IPO is 1600 shares & the minimum application amount is Rs. 124800.
The allotment date of L.T. Elevator IPO is 17 Sep 25.
The listing date of L.T. Elevator IPO is 19 Sep 25.
L.T. Elevator IPO is subscribed 170.21 times.
L.T. Elevator IPO is priced at ₹76 - ₹78 per share.
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