LT Elevator IPO opens for subscription on September 12, 2025, and closes on September 16, 2025, with a price band of ₹76 to ₹78 per equity share and an issue size of ₹39.37 crore. Founded in 2008 and headquartered in West Bengal, LT Elevator specializes in manufacturing, installation, and maintenance of diverse elevator systems including passenger, goods, hospital, and home elevators. The company focuses on engineering excellence, safety, and energy efficiency, supported by an in-house R&D facility. The LT Elevator IPO offers investors a chance to participate in a niche vertical transportation sector with growth prospects linked to urban infrastructure development and smart city initiatives.
₹30
₹78
₹136.10
Expert Opinions
Market sentiment for LT Elevator IPO is cautiously optimistic as the company operates in a niche and growing elevator manufacturing sector. Key strengths include engineering excellence, a diversified product range including passenger and hospital elevators, and focus on safety and energy efficiency backed by in-house R&D. Challenges involve competitive pressures, execution risks of capacity expansion, and regional market concentration in Eastern India.
Valuation analysis of the financial year 2025 for LT Elevator IPO reports a healthy Return on Equity (ROE) of 20.52%, Return on Capital Employed (ROCE) of 30.50%, and a Net Asset Value (NAV) of ₹33.24, reflecting solid financial management and profitability. From a long-term investment perspective, LT Elevator offers growth potential aligned with urban infrastructure and smart city developments, making it suitable for investors seeking stable returns in a defined sector.
Investor Considerations
LT Elevator IPO has demonstrated strong company performance with a 40% revenue growth from ₹40.63 crore in FY 2024 to ₹56.74 crore in FY 2025 and a 182% increase in profit after tax to ₹8.94 crore. The sector outlook is positive, driven by increasing demand for elevators and escalators in smart cities and infrastructure projects. The LT Elevator IPO valuation for the financial year 2025 shows a Price to Book Value of 2.35, a healthy PAT margin of 15.82%, and a low Debt to Equity ratio of 0.38, indicating solid profitability and prudent financial management.
Growth prospects stem from capacity expansion, enhanced after-sales services, and government infrastructure initiatives. Risks include competition, reliance on key personnel, and technological changes. The IPO suits long-term investors eyeing infrastructure growth, while short-term investors should consider market volatility and execution risks.
| Date | GMP | Trend |
|---|---|---|
| 17 Sep 2025 15.26 | ₹30 | --- |
| 16 Sep 2025 20.24 | ₹30 | Up |
| 15 Sep 2025 19.03 | ₹25 | Up |
| 13 Sep 2025 11.04 | ₹10 | --- |
| 12 Sep 2025 18.36 | ₹10 | --- |
FAQs
The Grey Market Premium showed weak accuracy in predicting LT Elevator IPO’s listing performance. With a final GMP of ₹30, it projected a premium of about 38% over the issue price of ₹78, indicating a listing around ₹108. However, the stock listed at ₹136.10, delivering a gain of 74.5%. This resulted in a large prediction error of 36.5%, where the GMP correctly signaled a positive listing but significantly underestimated the actual gain, reflecting low reliability in this case.
LT Elevator IPO Current GMP is ₹30.
LT Elevator IPO Expected Returns is 38.46%.
LT Elevator IPO estimated listing price is ₹108.