In September 2025, India’s IPO market continues to attract investor attention, with companies leveraging growth in infrastructure and urban development sector. Against this backdrop, L.T. Elevator IPO is set to open on September 12, 2025. Here is a detailed insight into L.T. Elevator, its IPO, and the industry outlook.
About L.T. Elevator Ltd.
Incorporated in August 2008, L.T. Elevator Ltd. provides high-quality elevator system solutions with a focus on engineering excellence, technical support, and superior service. The company offers comprehensive solutions, including:
- Elevator manufacturing, installation, and commissioning
- Annual maintenance contracts
- EPC (Engineering, Procurement, and Construction) and O&M (Operations & Maintenance) services
L.T. Elevator operates under a “Customer First Philosophy” and offers a product line with modular designs, advanced engineering, and 24/7 service support. It has an in-house testing lab for quality checks and integrates professional management with technology for enhanced performance.
The company’s manufacturing facility is in Chakchata, West Bengal, producing around 800 elevators annually. As of March 31, 2025, the company employs 319 people.
Competitive Strengths
- Modern manufacturing plant with the latest machinery and technology
- Experienced technical workforce
- Strong brand reputation and recognition in customised elevators
- Wide product range and international supplier network
- Well-equipped R&D and quality control processes
L.T. Elevator IPO Details
| IPO Date | September 12, 2025, to September 16, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹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 |
L.T. Elevator IPO Timeline (Tentative Schedule)
L.T. Elevator IPO opens on September 12, 2025, and closes on September 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 |
L.T. Elevator IPO Reservation
| Investor Category | Shares Offered | % Allocation |
| Market Maker | 2,52,800 | 5.01% |
| QIB | 23,96,800 | 47.48% |
| NII (HNI) | 7,20,000 | 14.26% |
| Retail (RII) | 16,78,400 | 33.25% |
| Anchor Investors | 14,36,800 | 28.46% |
| Total | 50,48,000 | 100% |
Anchor Investor Details
| Parameter | Details |
| Anchor Bid Date | September 11, 2025 |
| Shares Allocated | 14,36,800 |
| Amount Raised | ₹11.21 Cr |
| Lock-in Period (50% shares) | 30 days (Oct 11, 2025) |
| Lock-in Period (Remaining 50%) | 90 days (Dec 10, 2025) |
Lot Size of L.T. Elevator IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,49,600 |
| Individual investors (Retail) (Min) | 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 |
Promoter Holding
| Parameter | Pre-IPO | Post-IPO |
| Promoters | 85.14% | To be calculated |
L.T. Elevator Ltd.: Financials
Key Financials (Restated Consolidated)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (₹ Cr) | 86.99 | 42.78 | 42.68 |
| Total Income (₹ Cr) | 56.74 | 40.63 | 34.73 |
| Profit After Tax (₹ Cr) | 8.94 | 3.17 | 1.25 |
| EBITDA (₹ Cr) | 15.23 | 6.67 | 4.05 |
| Net Worth (₹ Cr) | 45.43 | 10.74 | 7.57 |
| Reserves & Surplus (₹ Cr) | 31.77 | 6.13 | 2.96 |
| Total Borrowing (₹ Cr) | 17.30 | 14.02 | 13.64 |
Key Performance Indicators (KPI) as of 31 Mar 2025
The market capitalisation of the L.T. Elevator IPO is ₹149.47 Cr.
| 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 | P/E
| Parameter | Pre-IPO | Post-IPO |
| EPS (₹) | 6.34 | 4.67 |
| P/E (x) | 12.31 | 16.71 |
Objects of the Issue
| S.No | Objective | Expected Amount (₹ Cr) |
| 1 | Working Capital Requirements | 20.00 |
| 2 | Investment in subsidiary Park Smart Solutions Ltd. for funding working capital | 8.80 |
| 3 | General Corporate Purposes | Remaining |
L.T. Elevator IPO Review
L.T. Elevator Ltd. is engaged in manufacturing and supplying various types of elevators and smart parking solutions. The company operates on a B2B model and has an order book worth ₹22.07 Cr as of August 27, 2025. Revenue and profits have grown significantly, with FY25 profits raising attention on sustainability. The IPO appears aggressively priced, and well-informed investors may consider a moderate investment for medium-term gains.
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Peer Comparison
L.T. Elevator Ltd. competes with industry peers like Aaron Industries Limited. Comparing performance and market positioning with these peers gives investors a quick perspective on the company’s relative standing.
Conclusion
L.T. Elevator Ltd. offers investors a chance to participate in a growing elevator solutions and smart parking market. The company has strong technical expertise, modern manufacturing capabilities, and a growing order book. However, investors should consider risks related to IPO pricing, market demand, and execution of expansion plans.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
