L.T.Elevator IPO

₹1,21,600/1600 shares

Minimum Investment

IPO Details

Open Date

12 Sep 25

Close Date

16 Sep 25

Minimum Investment

₹1,21,600

Lot Size

1600

Price Range

₹76 to ₹78

Listing Exchange

BSE

Issue Size

₹39.37 Cr

Listing Date

19 Sep 25

Open Free Demat Account

L.T.Elevator IPO Timeline

Bidding Start

12 Sep 25

Bidding Ends

16 Sep 25

Allotment Finalisation

17 Sep 25

Refund Initiation

18 Sep 25

Demat Transfer

18 Sep 25

Listing

19 Sep 25

L.T. Elevator Limited

Incorporated in August 2008, L.T. Elevator Limited delivers high-quality elevator system solutions, emphasising superior engineering, technical expertise, and customer service. The company provides end-to-end solutions, including manufacturing, installation, commissioning, and annual maintenance, along with EPC and O&M services under a “Customer First Philosophy.” Its product range features innovative modular designs, advanced engineering, and round-the-clock support. With an in-house testing lab, modern manufacturing facility in Chakchata, West Bengal producing 800 elevators annually, and 319 skilled employees, the company combines technology, management, and experience to ensure quality, sustainability, and innovation.

L.T. Elevator Limited IPO Overview

L.T. Elevator Limited’s IPO is a book-built issue worth ₹39.37 crore, comprising entirely a fresh issue of 50 lakh shares. The IPO opens for subscription on 12 September 2025 and closes on 16 September 2025, with allotment expected on 17 September 2025. The shares are proposed to list on BSE SME, tentatively on 19 September 2025. The price band is fixed between ₹76 and ₹78 per share, with a lot size of 1,600 shares. Retail investors must invest a minimum of ₹2,49,600 for 3,200 shares, while HNIs require a minimum investment of ₹3,74,400 for 4,800 shares. Horizon Management Pvt. Ltd. is the book running lead manager, Cameo Corporate Services Ltd. is the registrar, and Rainbow Securities Pvt. Ltd. is the market maker.

L.T. Elevator Limited IPO Details

Particulars	Details
IPO Date	12 September 2025 to 16 September 2025
Listing Date	19 September 2025 (Tentative)
Face Value	₹10 per share
Issue Price Band	₹76 to ₹78 per share
Lot Size	1,600 Shares
Total Issue Size	50,48,000 shares (aggregating up to ₹39.37 Cr)
Fresh Issue	50,48,000 shares (aggregating up to ₹39.37 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,41,15,055 shares
Share Holding Post Issue	1,91,63,055 shares
Market Maker Portion	2,52,800 shares

L.T. Elevator Limited IPO Reservation

Investor Category	Shares Offered
Market Maker	2,52,800 (5.01%)
QIB	23,96,800 (47.48%)
NII (HNI)	7,20,000 (14.26%)
Retail	16,78,400 (33.25%)
Total	50,48,000 (100.00%)

L.T. Elevator Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	3,200	₹2,49,600
Retail (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

L.T. Elevator Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	85.14%
Post-Issue	Calculated based on equity dilution

L.T. Elevator Limited IPO Valuation Overview

KPI	Value
ROE	20.52%
ROCE	30.50%
Debt/Equity	0.38
RoNW	19.68%
PAT Margin	15.82%
EBITDA Margin	26.94%
Price to Book Value	2.35
EPS (Pre IPO)	6.34
EPS (Post IPO)	4.67
P/E (Pre IPO)	12.31
P/E (Post IPO)	16.71

Objects of the Issue

Working capital requirements – ₹20.00 Cr

Investment in subsidiary Park Smart Solutions Ltd. for working capital – ₹8.80 Cr

General corporate purposes – Amount not specified

Key Financials (₹ Crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	86.99	42.78	42.68
Revenue	56.74	40.63	34.73
Profit After Tax	8.94	3.17	1.25
Reserves and Surplus	31.77	6.13	2.96
Total Borrowings	17.30	14.02	13.64

SWOT Analysis of L.T.Elevator IPO

Strength and Opportunities

Strong brand recognition in the elevator manufacturing sector.
Well-equipped R&D lab for innovation and quality assurance.
Advanced manufacturing facility ensures consistent production capacity.
Established relationships with international suppliers for raw materials.
Growing urban infrastructure provides expansion opportunities.
Ability to provide EPC and O&M services enhances market reach.

Risks and Threats

Heavy dependence on domestic market for revenue generation.
High capital-intensive business model limits financial flexibility.
Intense competition from established international elevator brands.
Economic slowdown may impact demand for new elevator installations.
Regulatory changes in safety standards could increase compliance costs.
Limited peer comparison makes benchmarking performance challenging.

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About L.T. Elevator Limited

L.T. Elevator IPO Strengths

Manufacturing facility uses advanced machinery and technology for designing, producing, and installing elevators.

Skilled and technically proficient workforce ensures high-quality operations and service delivery.

Established brand known for excellence in creating customized elevator solutions.

Diverse product portfolio catering to different market segments and customer needs.

Strong partnerships with international suppliers ensure reliable raw material sourcing.

Comprehensive R&D and quality control systems maintain superior product standards.

L.T. Elevator IPO Peer Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share)	P/E (x)	RoNW (%)	P/BV Ratio
L.T. Elevator Ltd.	8.50	8.50	33.24	–	19.68	–
Peer Group
Aaron Industries Ltd.	7.86	7.86	41.08	43.54	19.14	8.34

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App