L.T.Elevator IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 12 to Sep 16 2025
Price Band
₹76 - 78
Current GMP
₹136(74.49%)
Subscription
182.95 times
IPO Details
| IPO Date | September 12, 2025 to September 16, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹78 per share |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,48,000 shares (aggregating up to ₹39.37 Cr) |
| Reserved for Market Maker | 2,52,800 shares (aggregating up to ₹1.97 Cr)Rainbow Securities Pvt.Ltd. |
| Net Offered to Public | 47,95,200 shares (aggregating up to ₹37.40 Cr) |
| 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 |
IPO Date
September 12, 2025 to September 16, 2025
Listing Date
[.]
Face Value
₹10 per share
Issue Price Band
₹76 to ₹78 per share
Issue Price Final
₹78 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Total Issue Size
50,48,000 shares (aggregating up to ₹39.37 Cr)
Reserved for Market Maker
2,52,800 shares (aggregating up to ₹1.97 Cr)Rainbow Securities Pvt.Ltd.
Net Offered to Public
47,95,200 shares (aggregating up to ₹37.40 Cr)
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 95.10 |
| Non-Institutional Buyers*** | 356.16 |
| bNII (bids above ₹10L) | 428.35 |
| sNII (bids below ₹10L) | 211.79 |
| Individual Investors (IND category bidding for 2 Lots) | 158.90 |
| Total ** | 182.95 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
95.10
Non-Institutional Buyers***
356.16
bNII (bids above ₹10L)
428.35
sNII (bids below ₹10L)
211.79
Individual Investors (IND category bidding for 2 Lots)
158.90
Total **
182.95
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 12, 2025 | 0.00 | 1.19 | 1.64 | 0.30 | 0.84 | 0.68 |
| Day 2 Sep 15, 2025 | 0.00 | 6.55 | 7.21 | 5.22 | 6.20 | 4.50 |
| Day 3 Sep 16, 2025 | 95.10 | 356.16 | 428.35 | 211.79 | 158.90 | 182.95 |
DayDay 1
Sep 12, 2025
QIB (Ex Anchor)0.00
NII*1.19
NII (> ₹10L)1.64
NII (< ₹10L)0.30
Individual Investors0.84
Total0.68
DayDay 2
Sep 15, 2025
QIB (Ex Anchor)0.00
NII*6.55
NII (> ₹10L)7.21
NII (< ₹10L)5.22
Individual Investors6.20
Total4.50
DayDay 3
Sep 16, 2025
QIB (Ex Anchor)95.10
NII*356.16
NII (> ₹10L)428.35
NII (< ₹10L)211.79
Individual Investors158.90
Total182.95
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 19-09-2025 | 78.00 | 45(57.69%) | 123 |
| 18-09-2025 | 78.00 | 43(55.13%) | 121 |
| 17-09-2025 | 78.00 | 41(52.56%) | 119 |
| 16-09-2025 | 78.00 | 30(38.46%) | 108 |
| 15-09-2025 | 78.00 | 25(32.05%) | 103 |
| 14-09-2025 | 78.00 | 22(28.21%) | 100 |
| 13-09-2025 | 78.00 | 10(12.82%) | 88 |
| 12-09-2025 | 78.00 | 10(12.82%) | 88 |
Date19-09-2025
Price78.00
GMP45(57.69%)
Estimate List Price123
Date18-09-2025
Price78.00
GMP43(55.13%)
Estimate List Price121
Date17-09-2025
Price78.00
GMP41(52.56%)
Estimate List Price119
Date16-09-2025
Price78.00
GMP30(38.46%)
Estimate List Price108
Date15-09-2025
Price78.00
GMP25(32.05%)
Estimate List Price103
Date14-09-2025
Price78.00
GMP22(28.21%)
Estimate List Price100
Date13-09-2025
Price78.00
GMP10(12.82%)
Estimate List Price88
Date12-09-2025
Price78.00
GMP10(12.82%)
Estimate List Price88
IPO Important Dates
| IPO Open Date | Fri, Sep 12, 2025 |
| IPO Close Date | Tue, Sep 16, 2025 |
| Tentative Allotment | Wed, Sep 17, 2025 |
| Initiation of Refunds | Thu, Sep 18, 2025 |
| Credit of Shares to Demat | Thu, Sep 18, 2025 |
| Tentative Listing Date | Fri, Sep 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 16, 2025 |
IPO Open Date
Fri, Sep 12, 2025
IPO Close Date
Tue, Sep 16, 2025
Tentative Allotment
Wed, Sep 17, 2025
Initiation of Refunds
Thu, Sep 18, 2025
Credit of Shares to Demat
Thu, Sep 18, 2025
Tentative Listing Date
Fri, Sep 19, 2025
Cut-off time for UPI mandate confirmation
5 PM on Tue, Sep 16, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,49,600 |
| Individual investors (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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,49,600
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,49,600
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹3,74,400
ApplicationS-HNI (Max)
Lots8
Shares12,800
Amount₹9,98,400
ApplicationB-HNI (Min)
Lots9
Shares14,400
Amount₹11,23,200
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 86.99 | 42.78 | 42.68 |
| Total Income | 56.74 | 40.63 | 34.73 |
| Profit After Tax | 8.94 | 3.17 | 1.25 |
| EBITDA | 15.23 | 6.67 | 4.05 |
| Net Worth | 45.43 | 10.74 | 7.57 |
| Reserves and Surplus | 31.77 | 6.13 | 2.96 |
| Total Borrowing | 17.30 | 14.02 | 13.64 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202586.99
31 Mar 202442.78
31 Mar 202342.68
Period EndedTotal Income
31 Mar 202556.74
31 Mar 202440.63
31 Mar 202334.73
Period EndedProfit After Tax
31 Mar 20258.94
31 Mar 20243.17
31 Mar 20231.25
Period EndedEBITDA
31 Mar 202515.23
31 Mar 20246.67
31 Mar 20234.05
Period EndedNet Worth
31 Mar 202545.43
31 Mar 202410.74
31 Mar 20237.57
Period EndedReserves and Surplus
31 Mar 202531.77
31 Mar 20246.13
31 Mar 20232.96
Period EndedTotal Borrowing
31 Mar 202517.30
31 Mar 202414.02
31 Mar 202313.64
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| L. T. Elevator Limited | 8.50 | 8.50 | 33.24 | 19.68 | ||
| Aaron Industries Limited | 7.86 | 7.86 | 41.08 | 43.54 | 19.14 | 8.34 |
Company NameL. T. Elevator Limited
EPS (Basic)8.50
EPS (Diluted)8.50
NAV (per share) (Rs)33.24
P/E (x)
RoNW (%)19.68
P/BV Ratio
Company NameAaron Industries Limited
EPS (Basic)7.86
EPS (Diluted)7.86
NAV (per share) (Rs)41.08
P/E (x)43.54
RoNW (%)19.14
P/BV Ratio8.34
IPO Reservation
| Market Maker Shares Offered | 2,52,800 (5.01%) |
| QIB Shares Offered | 23,96,800 (47.48%) |
| − Anchor Investor Shares Offered | 14,36,800 (28.46%) |
| − QIB (Ex. Anchor) Shares Offered | 9,60,000 (19.02%) |
| NII (HNI) Shares Offered | 7,20,000 (14.26%) |
| − bNII > ₹10L | 4,80,000 (9.51%) |
| − sNII < ₹10L | 2,40,000 (4.75%) |
| Retail Shares Offered | 16,78,400 (33.25%) |
| Total Shares Offered | 50,48,000 (100.00%) |
Market Maker Shares Offered
2,52,800 (5.01%)
QIB Shares Offered
23,96,800 (47.48%)
− Anchor Investor Shares Offered
14,36,800 (28.46%)
− QIB (Ex. Anchor) Shares Offered
9,60,000 (19.02%)
NII (HNI) Shares Offered
7,20,000 (14.26%)
− bNII > ₹10L
4,80,000 (9.51%)
− sNII < ₹10L
2,40,000 (4.75%)
Retail Shares Offered
16,78,400 (33.25%)
Total Shares Offered
50,48,000 (100.00%)
Information about company
Incorporated in August 2008, L. T. Elevator Limited provides quality Elevator system solutions, focusing on superior service, engineering, and technical solutions.
The company offers comprehensive solutions, including elevator manufacturing, installation, commissioning, and annual maintenance. L.T. Elevator provides EPC (engineering, procurement, construction) and O&M (operations, maintenance) services, operating under a "Customer First Philosophy."
The company offers a product line with innovative modular design, advanced engineering, and 24/7 service support.
The company has an in-house testing lab for quality checks supervised by qualified personnel. They integrate professional management with technology for enhanced performance, industry expertise, and proven experience to best serve our customers.
Product Portfolio:
1. Elevators 2. Manual elevators 3. Semi-Automatic elevators
The company's manufacturing facility is situated in Chakchata, West Bengal. The manufacturing facility produces 800 elevators annually, equipped with modern equipment, ensuring quality control, following sustainable practices, and serving as an innovation hub.
As of March 31, 2025, the Company has 319 employees on payroll.
Competitive Strength:
Manufacturing plant equipped with the latest machinery and technology to design, manufacture and install its products.
Experienced and technically advanced manpower.
Strong brand recognition and reputation for excellence in manufacturing of customized elevators.
Wide range of products offered.
Strong relationship with international suppliers of raw materials.
Well-equipped R&D and quality control process.
Objectives of IPO
The Company L.T.Elevator IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Working Capital Requirements
20.00
2
Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement
8.80
3
General corporate purposes
Disclaimer
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