L.T. Elevator IPO launched an Initial Public Offering (IPO) worth ₹39.37 crores through a 100% fresh issue of 50 lakh equity shares. This is a book-built issue, with no offer for sale component.
The IPO opened for subscription on September 12, 2025, and will close on September 16, 2025. The basis of allotment is expected to be finalised on September 17, 2025, and the shares are scheduled to be listed on the BSE SME platform with a tentative listing date of September 19, 2025.
The price band for the issue is set between ₹76 to ₹78 per share. The minimum application size is 1 lot (1,600 shares), translating to a minimum retail investment of ₹2,49,600 for 3,200 shares (2 lots).
L.T. Elevator is set to raise ₹39.37 crores through its upcoming IPO, which is a completely fresh issue of 50 lakh equity shares. There is no offer-for-sale component, making this a full capital infusion into the company.
The IPO opens for public subscription on September 12, 2025, and will close on September 16, 2025. The share allotment is likely to be finalised by September 17, 2025, with the stock expected to debut on the BSE SME exchange around September 19, 2025.
The table below breaks down the L.T. Elevator share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered | Percentage |
| Market Maker | 2,52,800 | 5.01% |
| Qualified Institutional Buyers (QIB) | 23,96,800 | 47.48% |
| Non-Institutional Investors (NII / HNI) | 7,20,000 | 14.26% |
| Retail Individual Investors | 16,78,400 | 33.25% |
| Total | 50,48,000 | 100.00% |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 10.48 |
| Non-Institutional Investors | 110.29 |
| Retail Individual Investors | 40.72 |
| Total shares | 42.79 |
Note: The subscription details are as of September 16, 2025
Established in August 2008, L.T. Elevator Limited is a trusted name in the elevator industry, delivering high-quality vertical mobility solutions. The company is committed to excellence in service, engineering, and technical innovation, with a strong customer-centric approach.
Product Portfolio
L.T. Elevator offers end-to-end elevator solutions, including design, manufacturing, installation, commissioning, and annual maintenance contracts (AMCs). The company also provides EPC (Engineering, Procurement, and Construction) and O&M (Operations & Maintenance) services, operating under its core philosophy of "Customer First."
To uphold its quality standards, L.T. Elevator operates an in-house testing laboratory, managed by skilled professionals. The company integrates professional management practices with cutting-edge technology to deliver consistent performance, leveraging deep industry knowledge and proven experience.
L.T. Elevator's state-of-the-art manufacturing plant is located in Chakchata, West Bengal. With a production capacity of 800 elevators per year, the facility is equipped with modern machinery, ensuring high standards in quality control. The company follows sustainable manufacturing practices and positions the plant as a center for product innovation and efficiency.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 16, 2025, 12:51 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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