L.T.Elevator was incorporated on August 27, 2008. The company provides end-to-end elevator system solutions, including manufacturing, installation, commissioning, and servicing under annual maintenance contracts. With a customer-first philosophy, the company offers innovative, energy-efficient, and safe elevator designs, backed by EPC and O\&M services and 24x7 support, along with a 12-month product warranty
| Bidding Dates |
|---|
| 12 Sep 2025 - 16 Sep 2025 |
| Subscription |
|---|
| 170.25x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,43,200 | 2 | 2 | 1600 | 5.0 M | ₹76 - ₹78 | 62.71 % | ₹383.6 M - ₹393.7 M | RHP DOC |
L T Elevator IPO SUBSCRIPTION STATUS
16 Sep '25L T Elevator IPO overall subscription rate was 170.25 times the total available shares
L T Elevator IPO retail subscription rate was 211.12 times in the retail segment
L T Elevator IPO non-institutional investor subscription rate was 473.26 times in the non-institutional investor category
L T Elevator IPO Qualified Institutional Bidder subscription rate was 50.58 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15.02% | 49.98% |
16 Sep 2025 (Day 3) | 211.12x | 473.26x | 50.58x |
15 Sep 2025 (Day 2) | 8.36x | 9.29x | - |
12 Sep 2025 (Day 1) | 1.12x | 1.58x | 0x |
L T Elevator FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 56.5 | 8.9 | -2.8 | -3.5 | 26.9% |
| FY24 | 40.1 | 3.2 | -2.8 | -3.7 | 16.6% |
| FY23 | 34.4 | 1.2 | 3.3 | 2.9 | 11.8% |
L T Elevator IPO SUBSCRIPTION STATUS DETAILS
L T Elevator had 5.0 M shares on offer
L T Elevator IPO offer price was in the range ₹76 - ₹78
L T Elevator IPO minimum Investment was ₹243200
L T Elevator IPO issue size was ₹ 383.6 M - ₹ 393.7 M
L T Elevator had a minimum lot size of 1600 Shares per application
L T Elevator NUMBER OF SHARES ON OFFER
L T Elevator IPO IMPORTANT DATES
| Issue Open Date | 12 Sep 2025 |
| Issue close Date | 16 Sep 2025 |
| Allotment Date | 17 Sep 2025 |
| Refund Date | 18 Sep 2025 |
| Demat Account Credit Date | 18 Sep 2025 |
| Listing Date | 19 Sep 2025 |
| Listing on Exchange(s) | BSE |
| L T Elevator Allotment Status | Exchange/ Registrar |
L T Elevator IPO subscription opened on 12 Sep 2025, and closed on 16 Sep 2025
IPO allotment for L T Elevator was finalized on Wednesday, 17 Sep 2025
IPO listing for L T Elevator was on BSE on Friday, 19 Sep 2025
L T Elevator IPO LISTING GAINS
| Issue Price (adjusted) | 78.0 |
| Listing Open Price | 136.1 |
| Listing Close Price | 142.9 |
| Listing Gain% | 74.5% |
| Current Gain% | 325.2% |
L T Elevator Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L T Elevator Ltd. | 331.6 | 635.5 | 37.3 | 0.4 | 5.7 | 18.4 | 12 | 111.7 | 96.9 | 17 | 90.3 | 8.9 | 90.3 |
| ABB India Ltd. | 7611.5 | 161294.1 | 54 | 11.9 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 35000 | 156003.4 | 135.6 | 1.1 | 17 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Siemens Ltd. | 4011 | 142839.9 | 43.6 | 1.3 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 92 | 33.7 |
| Bharat Heavy Electricals Ltd. | 403 | 140327.2 | 57.7 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| CG Power and Industrial Solutions Ltd. | 881 | 138797.2 | 111 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
L T Elevator INFORMATION ON IPO ISSUE
About L T Elevator
L.T.Elevator was incorporated on August 27, 2008. The company provides end-to-end elevator system solutions, including manufacturing, installation, commissioning, and servicing under annual maintenance contracts. With a customer-first philosophy, the company offers innovative, energy-efficient, and safe elevator designs, backed by EPC and O\&M services and 24x7 support, along with a 12-month product warranty
Object of the Issue
- Working capital requirement to meet the existing order book and to build bandwidth to onboard more orders
- Investment in its subsidiary Park Smart Solutions, for funding of its working capital requirement
- General corporate purposes
L T Elevator - PROMOTERS
| Name |
|---|
| Arvind Gupta |
| Usha Gupta |
| Yash Gupta |
L T Elevator - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arvind Gupta | Managing Director |
| Usha Gupta | Whole-time Director |
| Anoop Poonia | Independent Director |
| Jayanta Basu | Independent Director |
| Yash Gupta | Non-Executive Non-Independent Director |
L T Elevator Book Running Lead Manager
Horizon Management Private Limited
smeipo@horizon.net.co
L T Elevator Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
L T Elevator Strengths
Geographical presence
With its long-standing market presence, focus on innovation, and commitment to quality, the company has built a strong presence in its operating geographies. It operates through a manufacturing and assembly unit in South 24 Parganas, West Bengal, with its registered office in Kolkata
Quality assurance & Control
The company places strong emphasis on quality assurance and control, with dedicated teams ensuring rigorous checks at every stage of production. From raw material testing to final inspections, elevators undergo meticulous evaluations in line with client standards, supported by an in-house laboratory with advanced equipment and skilled personnel
Cost effective production
The company ensures the timely fulfilment of work orders by sourcing quality raw materials, maintaining smooth labour relations, enforcing strict quality control, and using efficient production systems. Strong supplier relationships further enable handling large and varied orders on schedule with cost efficiency
L T Elevator Risks
Approvals & licenses
Failure to obtain, renew, or maintain necessary approvals, licenses, registrations, and permits on time may adversely impact the company’s business operations, financial condition, results of operations, and cash flows
Competition
The company’s competitiveness depends on anticipating consumer preferences, industry trends, and regulatory or technological changes. Failure to adapt may render products less attractive or obsolete, adversely affecting business and results of operations
Reliance on logistics & transportation
The company’s operations rely on stable logistics and transportation infrastructure. Any disruption in third-party transportation services may delay material supply, increase costs, and impact timely deliveries, thereby adversely affecting operations
IPO FAQs
The promoters of the company are Arvind Gupta, Usha Gupta and Yash Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 76.0 - 78.0.
The IPO application opens on Sep 12, 2025 and closes on Sep 16, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 243,200.0, the maximum value for this IPO is Rs 249,600.0.
This IPO will be allotted on Sep 17, 2025.
The refund will be credited to your account on Sep 18, 2025.
The allotted shares will be credited to your demat on Sep 18, 2025.
L.T.Elevator Ltd.’s shares listed on the stock exchanges on Sep 19, 2025.