IPO Details
Bidding Dates
12 Sep '25 - 16 Sep '25
Minimum Investment
₹2,49,600/ 2 Lot (3,200 Shares)
Price Range
₹76 to ₹78
Maximum Investment
₹2,49,600/ 2 Lot (3,200 Shares)
Retail Discount
To be announced
Issue Size
₹39.37 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB |L.T. Elevator IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 12, 25
IPO Closing Date
Sep 16, 25
Basis of Allotment
Sep 17, 25
Initiation of Refunds
Sep 18, 25
IPO Listing Date
Sep 19, 25
About L.T. Elevator IPO
L.T. Elevator IPO is a book-built issue worth ₹39.37 crore. The issue is entirely a fresh issue of 0.50 crore shares, raising the full amount through equity. The IPO will open for subscription on September 12, 2025, and close on September 16, 2025.
The basis of allotment is expected to be finalised on September 17, 2025, with tentative listing scheduled on BSE SME for September 19, 2025. The price band for the L.T. Elevator IPO has been fixed between ₹76 to ₹78 per share.
Investors can bid for L.T. Elevator IPO with a minimum of 2 lots of 3,200 shares, having 1,600 shares in each lot. For retail investors, the minimum investment required is ₹2,49,600. For small non-institutional investors (sNII), the lot size stands at 3 lots, equal to 4,800 shares, amounting to ₹3,74,400. For big non-institutional investors (bNII), the lot size is 9 lots, which translates to 14,400 shares, requiring an investment of ₹11,23,200.
Horizon Management Pvt. Ltd. is the book running lead manager (BRLM) and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Rainbow Securities Pvt. Ltd. Detailed information is available in the L.T. Elevator IPO RHP.
L.T. Elevator IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Working capital requirements
- Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement 
- General Corporate Purposes.
About L.T. Elevator Limited
Incorporated in 2008, L.T. Elevator is a leading provider of comprehensive elevator system solutions, renowned for its commitment to high-quality engineering, technical expertise, and exceptional customer service. The company offers end-to-end solutions encompassing the entire lifecycle of elevator systems—from manufacturing and installation to commissioning and ongoing maintenance under Annual Maintenance Contracts (AMC).
Positioned as a trusted EPC (Engineering, Procurement, and Construction) and O&M (Operations & Maintenance) service provider, L.T. Elevator operates with a steadfast "Customer First" philosophy. Its product range features cutting-edge modular designs and advanced engineering, backed by round-the-clock service support.
Every product is developed with a focus on energy efficiency, passenger safety, and compliance with modern quality standards. A standard warranty period of 12 months from the date of commissioning is offered across its product line.
The company’s state-of-the-art manufacturing facility is strategically located in Chakchata Village, P.O. Rajpur, P.S. Maheshtala, South 24 Parganas – 700141, West Bengal. This facility boasts a production capacity of 800 elevator units per annum and houses two dedicated production lines for the design, assembly, and manufacturing of vertical transportation systems. An in-house R&D center further enhances innovation, enabling continuous product improvement and technological advancement.
L.T. Elevator places strong emphasis on quality control, sustainable manufacturing practices, and technological innovation. The facility is equipped with modern machinery that meets rigorous safety and efficiency standards.
Industry Outlook
- The global elevator market was valued at USD 79.06 billion in 2024 and is expected to grow at a CAGR of 6.7% through 2030, driven by rapid urbanization and expanding infrastructure projects worldwide.
- Rising adoption of smart, energy-efficient, and machine room-less elevator systems incorporating IoT is transforming the market, enabling safer, more sustainable, and cost-effective vertical transportation solutions.
- The global smart parking systems market reached USD 6.49 billion in 2022 and is projected to grow at a CAGR of 22.1% by 2030, propelled by smart city initiatives and growing urban traffic challenges.
- Rising electric vehicle adoption is driving demand for parking facilities equipped with EV charging infrastructure, making smart parking solutions more attractive and future-ready.
- Governments and commercial property owners are investing heavily in smart parking systems to optimize urban planning, enhance mobility, and offer seamless digital payment options, with commercial spaces accounting for over 42% of the market revenue.
How To Apply for the L.T. Elevator IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the L.T. Elevator IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of L.T. Elevator IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of L.T. Elevator IPO
Capricorn Nest 3, Gobinda Auddy Road, Kolkata – 700 027, West Bengal, India.
Phone: +91 332 448 0447
E-mail: cs@ltelevator.com
L.T. Elevator IPO Reservation
|
Investor Category |
Shares |
Percentage of Total |
|
Market Maker Shares Offered |
2,52,800 |
5.01% |
|
QIB Shares Offered |
23,96,800 |
47.48% |
|
NII (HNI) Shares Offered |
7,20,000 |
14.26% |
|
Retail Shares Offered |
16,78,400 |
33.25% |
|
Total Shares Offered |
50,48,000 |
100.00% |
L.T. Elevator IPO Lot Size Details
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
2 |
1,600 |
₹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 IPO Promoter Holding
The promoters of the company are Arvind Gupta, Usha Gupta and Yash Gupta.
|
Share Holding Pre-Issue |
85.14% |
|
Share Holding Post Issue  |
- |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for L.T. Elevator IPO
|
KPI |
Value |
|
ROE (%) |
20.52 |
|
RoCE (%) |
30.50 |
|
Net Debt/ EBITDA  (x) |
0.86 |
|
PAT Margin (%) |
15.82 |
|
EBITDA Margin (%) |
26.94 |
L.T. Elevator IPO Prospectus
L.T. Elevator IPO Registrar and Lead Managers
L.T. Elevator IPO Lead Managers
Horizon Management Pvt. Ltd
Registrar for L.T. Elevator IPO
Cameo Corporate Services Ltd.
Contact Number: +91 33 4600 0607
Email Address: smeipo@horizon.net.co
Financial Performance of L.T. Elevator Limited
| Financial year | Total Income | Total Expense | Profit After Tax |
|---|---|---|---|
| Revenue from Operation (in ₹ lakh) | 5,652.14 | 4,013.78 | 3,439.44 |
| Profit/loss After Tax (in ₹ lakh) | 894.34 | 302.41 | 128.45 |
| EBITDA (in ₹ lakh) | 1,522.83 | 666.68 | 404.96 |
| EBITDA Margin (%) | 26.94 | 16.61 | 11.77 |
| Net Worth (in ₹ lakh) | 4,543.27 | 1,073.90 | 756.74 |
| Return on Equity (%) | 20.52 | 34.65 | 17.95 |
| Return on Capital Employed (RoCE) (%) | 30.50 | 45.97 | 29.38 |
Know before investing
Strengths
5-
State-of-the-art manufacturing facility with advanced machinery ensures high-quality design, production, and installation.
-
Skilled and technically proficient workforce drives innovation and operational excellence
-
Established brand with a strong reputation for delivering customised elevator solutions.
-
Comprehensive product portfolio catering to diverse customer needs.
-
Government’s focus on smart city development and railway station upgrades is increasing elevator installation demand.
Risks
5-
Heavy reliance on a small group of key personnel poses operational risks.
-
Limited financial resources may restrict participation in large-scale government projects.
-
Modest marketing capabilities reduce competitiveness against larger firms with bigger budgets.
-
Intense competition from well-established industry players challenges market share.
-
Rapid technological advancements demand continuous, costly investments to remain competitive.
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L.T. Elevators Limited Peer Comparison
| Company | CMP (₹) | EPS | P/E Ratio | RONW (%) |
|---|---|---|---|---|
| L. T. Elevator Ltd | [●] | 8.50 | [●] | 19.68 |
| Aaron Industries Limited | 342.20 | 7.86 | 43.54 | 19.14 |
L.T. Elevator IPO FAQs
L.T. Elevator IPO is a book-built issue IPO. It runs from September 12, 2025, to September 16, 2025.
The Basis of Allotment will happen on Monday, September 17, 2025.
The IPO subscription window will open on September 12, 2025.
The minimum lot size retail investors can subscribe to is 2 lot, and the lot size is 1,600 shares.
The listing date for L.T. Elevator IPO is Friday, September 19, 2025.
The issue size of the L.T. Elevator IPO is ₹39.37 crore.
The open and close dates for L.T. Elevator IPO are from September 12, 2025, to September 16, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Cameo Corporate Services Ltd. is the registrar responsible for managing the IPO allotment process and handling investor queries.
The L.T. Elevator IPO is proposed to be listed on the BSE SME.
