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L.T. Elevator IPO
182.04xsubscribed

L.T. Elevator IPO

Engineering
listed
₹2.43LMin. investment

L.T. Elevator Limited IPO Details

SectorEngineering
Price range₹76.00 – ₹78.00
IPO type
SME
Lot size1600 shares
Issue size₹39Cr
Red Herring Prospectus
Read
Market cap
₹149.47CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹56.52CrLower than sector avg
Growth rate3Y CAGR
18.01%Higher than sector avg

L.T. Elevator IPO Subscription Status

Date
QIB
NII
Retail
Total
12-Sep-25
0.0 times (X)
1.19 times (X)
0.84 times (X)
0.68 times (X)
15-Sep-25
0.25X
6.52X
6.2X
4.57X
16-Sep-25
6.03X
346.29X
157.87X
182.04X

As on 12-Sep-25, 5:30 PM

L.T. Elevator IPO Timeline

  1. Pre-apply
    11 Sep 2025
  2. Bid start
    12 Sep 2025
  3. Bid end
    16 Sep 2025
  4. Allotment
    17 Sep 2025
  5. Release of funds
    18 Sep 2025
  6. Demat transfer
    18 Sep 2025
  7. Listing
    19 Sep 2025

About L.T. Elevator Limited

L.T. Elevator is engaged in the design, manufacture, installation, and maintenance of vertical elevators, as well as multi-level car parking systems, through its subsidiary, Park Smart Solutions Limited. Automated parking systems accounted for 19.85% of FY25 revenue, maintenance income for 14.16%, while manual elevators and automatic elevators accounted for 16.45% and 56.73% respectively. Elevator capacity utilisation stood at 62%. Most revenue came from West Bengal at 56.79%, while Manipur and Odisha contributed 9.11% and 6.83% respectively. Customers include both government and private sectors. In FY25, private projects made up 64.02% of revenue, while government projects accounted for 35.98%.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of L T Elevator Limited IPO

Working capital
50.80%
The company will utilise up to ₹20 crore towards working capital requirements.
General corporate purposes
28.90%
Part of the IPO proceeds will be used for general corporate purposes.
Investment in subsidiary
20.32%
The company will use ₹8 crore towards investment in its subsidiary Park Smart Solutions Ltd.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹56.52Cr18.01%₹8.94Cr₹149.47Cr9.180.38
This sector (avg.)₹342.41Cr0.01%₹38.53Cr₹1,862.48Cr31.540.53
₹10,670.1Cr---₹1,263.5Cr₹39,460.23Cr31.400.10
₹2,217.81Cr---₹423.66Cr₹10,977.95Cr26.730
₹3,087.59Cr---₹471.9Cr₹9,693.55Cr18.040.01

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

L.T. Elevator IPO Contact Details

Company NameL.T. Elevator Limited

How to apply for L.T. Elevator IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

L T Elevator Limited IPO FAQs