L.T. Elevator Limited
Bookbuilding IPO · BSE
- Price band
- ₹76 - ₹78
- Lot size
- 1,600 shares
- Issue amount
- ₹39.37 cr
- Total subscription
- 183.07×
- Opens
- 12 Sept 2025
- Closes
- 16 Sept 2025
- Allotment
- 17 Sept 2025
- Listing
- 19 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 50,48,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,21,600
- Fresh issue
- ₹39.37 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,24,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,41,15,055
- Shares after issue
- 1,91,63,055
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,49,600 |
| sHNI | 3 | 4,800 | ₹3,74,400 |
| bHNI | 9 | 14,400 | ₹11,23,200 |
Share reservation
Subscription & GMP
Subscription by category
Reported 16 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 84 |
| NIB | 0 | 23,528 |
| RETAIL | 525 | 83,386 |
| HNIs(10L +) | 100 | 13,882 |
| HNIs (2-10L) | 50 | 9,646 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.49 | 712.08 |
| FIIs | 0 | 150.46 |
| Mutual Funds | 0 | 4.49 |
| Others | 0 | 488.62 |
| RETAIL | 13.09 | 2,081.31 |
| NIB | 5.62 | 2,002.23 |
| HNIs 2+ | 1.87 | 396.5 |
| HNIs 10+ | 3.74 | 1,605.73 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.5 | 3.44 | 1.35 |
| ROE | 20.52 | 34.65 | 17.95 |
| ROCE | 30.5 | 45.97 | 29.38 |
| RONW | 19.68 | 34.65 | 16.47 |
| PRE IPO(PE) | 12.31 | 0 | 0 |
| POST IPO(PE) | 16.71 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Aaron Industries Limited | 43.54 | 342.2 | 10 | 41.08 | 19.14 | 7.86 |
| L. T. Elevator Limited | NA | NA | 10 | 33.24 | 19.68 | 8.50 |
Company information
Company profile
L. T. Elevator Limited, incorporated in August 2008, provides complete elevator system solutions with a strong focus on quality, service, and technical expertise. The company is engaged in manufacturing, installing, commissioning, and maintaining elevators, while also offering EPC (engineering, procurement, and construction) and O&M (operations and maintenance) services under its “Customer First” philosophy. Its product range includes elevators, manual elevators, and semi-automatic elevators, designed with innovative modular features and backed by 24/7 service support. With an in-house testing lab managed by qualified professionals, the company ensures strict quality checks and integrates technology with professional management to deliver efficient and reliable solutions. Its manufacturing facility in Chakchata, West Bengal, has the capacity to produce 800 elevators annually, equipped with modern machinery, sustainable practices, and an innovation-driven approach. As of March 31, 2025, the company employed 319 people.
Strengths
- State-of-the-Art Manufacturing Facility – Advanced plant with modern machinery, strong R&D, and quality systems, capable of producing ~800 elevators annually.
- Experienced & Skilled Workforce – A team of 319 employees with deep technical expertise and proven industry know-how ensures efficient execution.
- Strong Brand & Diverse Product Portfolio – Well-recognized for customized elevator solutions, supported by trusted global suppliers and 24/7 service reliability.
Risk factors
- Single Facility Dependency – Heavy reliance on the Chakchata manufacturing plant; any disruption could significantly affect operations and cash flows.
- Pending Legal Proceedings – Ongoing litigations involving promoters and directors may negatively impact business reputation and financial stability if resolved unfavorably.
- Regulatory Compliance Risk – Business continuity depends on timely approvals and renewals of licenses and permits; delays or non-compliance may hinder growth.
Promoters
Arvind Gupta
Usha Gupta
Yash Gupta
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Capricorn Nest 3, Gobinda Auddy Road, Kolkata, West Bengal, 700027
+913324480447
[email protected]Company website ↗Understanding LTELEVATOR IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.