L.T. Elevator IPO Subscribed 182.62 Times; Retail and HNIs Lead Demand

Kolkata, September 16, 2025 – The ₹39 crore IPO of L.T. Elevator Limited closed today with a phenomenal response from all classes of investors. The issue, which opened on September 12, witnessed bids totaling over ₹4,783 crore against the offer size, and it turned out to be one of the most coveted SME IPOs of the year.

Final Subscription Status (as of 4:39 PM, September 16, 2025)

The IPO of L.T. Elevator concluded with a total subscription of 182.62 times on or before September 16, 2025 (Day 3). Demand from investors was exceptionally high across categories, with retail investors and non-institutional investors dominating the response.

The Qualified Institutional Buyers (QIBs) segment was subscribed 95.10 times, with bids for more than 9.12 crore shares compared to 9.60 lakh shares on offer. The Non-Institutional Investors (NIIs) segment registered massive subscription at 356.09 times, of which 428.35 times was in the high-value segment (applications above ₹10 lakh) and 211.57 times in the small NII segment.

Retail subscription also continued to be strong, with the category of individual investors subscribing 158.26 times, since 2.65 crore bids were made for 16.78 lakh shares on offer. Anchor investors had already been allotted 14.36 lakh shares, while market makers subscribed to 2.52 lakh shares. Overall, the IPO witnessed bids in 61.33 crore shares against an offer of 33.58 lakh shares, mobilizing demand worth ₹4,783.80 crore in 1,07,038 applications.

Lead Manager

The IPO was handled by Horizon Management Private Limited, a SEBI-registered Category I Merchant Banker, with Cameo Corporate Services Limited as the registrar.

About L.T. Elevator

L.T. Elevator Limited, a manufacturer of elevators and an EPC and O&M services provider, was incorporated in 2008 and is based in Kolkata. The company also provides automated multi-level car parking systems through its subsidiary, Park Smart Solutions Limited. The promoters include Arvind Gupta, Usha Gupta, and Yash Gupta.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations