LT Elevator IPO Details
The key details of LT Elevator’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹39.37 Cr |
| Price Range | ₹76 - ₹78 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 3,200 |
| Investment (cut-off price) | ₹2,49,600 |
| Pre IPO Promotor Holding | 85.14% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
LT Elevator IPO Timelines
The IPO process for LT Elevator includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
12/09/2025
Start Date16/09/2025
End Date18/09/2025
Refund Initiation18/09/2025
Credit of Shares to Demat Ac19/09/2025
Listing DateLT Elevator IPO Lot Size
The LT Elevator IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹78 per share. For retail investors, the minimum and maximum application is 3,200 shares (2 lots) amounting to ₹2,49,600. For Small HNI (S-HNI) investors, the minimum application is 4,800 shares (3 lots) worth ₹3,74,400, while the maximum is 12,800 shares (8 lots) amounting to ₹9,98,400. Big HNI (B-HNI) investors need to apply for at least 14,400 shares (9 lots), totaling ₹11,23,200.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | ₹2,49,600 |
| Retail Maximum | 2 | 3200 | ₹2,49,600 |
| S-HNI Minimum | 3 | 4800 | ₹3,74,400 |
| S-HNI Maximum | 8 | 12800 | ₹9,98,400 |
| B-HNI Minimum | 9 | 14400 | ₹11,23,200 |
LT Elevator IPO Subscription Status
The subscription status for LT Elevator IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 95.10x | 356.16x | 158.90x | -- | 182.95x |
IPO Performance on Listing Day
On the listing day (September 19, 2025), LT Elevator made an outstanding debut on the stock exchange. The stock opened at ₹136.10, commanding an exceptional premium of 74.5% over its issue price of ₹78. The elevator technology company continued its stellar performance throughout the trading session, reaching a day high of ₹142.90, while finding support at ₹131.15 during brief consolidation. The shares concluded their first trading day at ₹142.90, which also marked the day’s high, delivering a remarkable gain of 83.2% over the issue price, reflecting extraordinary investor confidence in the vertical transportation sector and exceptional market enthusiasm for this elevator solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹136.10 | ₹142.90 | ₹142.90 | ₹131.15 |
LT Elevator IPO Company Financials
LT Elevator reports robust performance in FY2025 with Total Income of ₹56.74 crores, managing expenses at ₹44.22 crores, and achieving a strong PAT (Profit After Tax) of ₹8.94 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹34.73 | ₹32.99 | ₹1.25 |
| FY 2024 | ₹40.63 | ₹36.06 | ₹3.17 |
| FY 2025 | ₹56.74 | ₹44.22 | ₹8.94 |
About Company
Incorporated in August 2008, L.T. Elevator Limited specializes in delivering high-quality elevator system solutions with a strong focus on engineering excellence, technical innovation, and customer-centric service. The company offers end-to-end services, including manufacturing, installation, commissioning, and annual maintenance of elevators. It also provides EPC (Engineering, Procurement, and Construction) and O\&M (Operations and Maintenance) services, driven by a “Customer First Philosophy.” Their product line features modular designs, cutting-edge engineering, and 24/7 service support, backed by an in-house testing lab for quality assurance managed by qualified professionals.
L.T. Elevator operates a modern manufacturing facility in Chakchata, West Bengal, with an annual production capacity of 800 elevators. This facility emphasizes sustainable practices, quality control, and innovation. The company’s portfolio includes standard elevators, manual elevators, and semi-automatic elevators. Leveraging a blend of professional management, advanced technology, and industry expertise, the company has built a strong foundation for performance and reliability. As of March 31, 2025, L.T. Elevator Limited employs 319 personnel across its operations.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2008 | Engineering | Arvind Gupta |
Know Before Investing
LT Elevator IPO Strengths
- Positioned to benefit from infrastructure growth supported by government smart city and railway station modernization projects, driving elevator demand.
- Equipped with latest machinery and technology for designing, manufacturing, and installing customized elevator solutions, ensuring high-quality production.
- Offers a wide range of elevator products including high-speed apartment lifts, hospital lifts, escalators, and mechanical car parking systems catering to diverse client needs.
- Provides extensive maintenance support with 20 branch offices in India and trained maintenance technicians offering 24/7 on-site support, ensuring high customer satisfaction.
- Maintains well-equipped R&D and quality testing laboratories to ensure compliance and product reliability.
LT Elevator IPO Risks
- The elevator manufacturing sector is competitive, with challenges from both domestic and international players that could impact market share and pricing.
- Heavy depends on a small group of key management and technical staff exposes the company to operational risks if any key individuals leave.
- Plans for expanding product lines and enhancing manufacturing capacity carry execution risks related to timelines, cost overruns, or operational disruptions.
- Strict compliance requirements relating to safety standards, environmental laws, and industry certifications could increase costs and operational burdens.
- Demand for elevators is closely linked to the construction and real estate sectors, which are cyclical and sensitive to economic downturns.
- Dependence on a relatively small number of customers or projects may affect revenue stability if contracts are lost or deferred.
Swot Analysis for LT Elevator IPO
Strengths
Strong Regional Footprint, High Level of In-House Manufacturing, Focus on Sustainability
Weaknesses
Geographical Concentration, Capital Intensive Operations, Dependence on Construction Sector
Opportunities
Smart Cities and Infrastructure Growth, Backward Integration and Capacity Expansion, Technological Innovation
Threats
Economic and Construction Slowdowns, Raw Material Price Volatility, Supply Chain Disruptions
Company Details
L.T. Elevator Ltd.
Capricorn Nest 3, Gobinda Auddy Road, Kolkata – 700 027, West Bengal, India.
Phone: +913324480447
Email: cs@ltelevator.com
Website: http://www.ltelevator.com/
IPO Registar Details
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
FAQs
The key objectives of LT Elevator SME IPO are:
- Working Capital Requirements
- Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement
- General corporate purposes
Horizon Management Pvt. Ltd. is the book-running lead managers for the LT Elevator IPO.
LT Elevator IPO shows strong growth potential with revenue increasing from ₹34.73 crore in FY23 to ₹56.74 crore in FY25 and PAT rising to ₹8.94 crore. Robust margins with ROE of 20.52% and ROCE of 30.50% underline efficient operations and sustainable expansion prospects.
The issue price for the LT Elevator IPO is set between ₹76 to ₹78 per share.
To invest in two lot of LT Elevator IPO, you need ₹2,43,200 at the lower price band (₹76 per share) or ₹2,49,600 at the upper price band (₹78 per share) for a lot size of 3200 shares.
LT Elevator IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on September 19, 2025.
Refund/unblocking of funds for LT Elevator IPO will begin on September 18, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your LT Elevator IPO shares on listing day (September 19, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.