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L.T.Elevator IPO
₹1,21,600/1600 shares
Minimum Investment
IPO Details
12 Sep 25
16 Sep 25
₹1,21,600
1600
₹76 to ₹78
BSE
₹39.37 Cr
19 Sep 25
Open Free Demat Account
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
FAQs On L.T. Elevator Limited IPO
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