LT Elevator IPO description – Founded in 2008, L.T. Elevator is a leading provider of vertical transportation solutions, specializing in the manufacturing, installation, commissioning, and maintenance of elevators. The company maintains a production capacity of 800 elevator units annually at its state-of-the-art facility in West Bengal. The company offers a comprehensive portfolio including passenger, goods, hospital, and home elevators, both manual and automatic. L.T. Elevator has a presence in key Indian cities like Bhubaneswar, Delhi, Patna, and Guwahati and undertakes smart city projects in Silchar and Imphal.
The company serves a diverse client base across residential complexes, commercial buildings, shopping malls, and public-sector units, including railways. With ISO 14001:2015 certification, its in-house R&D and testing lab ensures product safety and energy efficiency. L.T. Elevator holds an order book of INR 11.37 crore as of 27 August 2025.
Its wholly owned subsidiary, Park Smart Solutions, specializes in automated multi-level car parking systems and holds an order book worth INR 106.98 crore. Together, the companies employ 319 personnel and plan to invest INR 20 crore of issue proceeds towards working capital to support continued growth.
Promoters of LT Elevator – Arvind Gupta, Usha Gupta, and Yash Gupta
Table of Contents
LT Elevator IPO Details
| LT Elevator IPO Dates | 12 – 16 September 2025 |
| LT Elevator Issue Price | INR 76 – 78 per share |
| Fresh Issue | 50,48,000 shares (INR 38.36 – 39.37 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 50,48,000 shares (INR 38.36 – 39.37 crore) |
| Minimum Bid | 3,200 shares (INR 2,49,600) |
| Lot Size | 1,600 shares (INR 1,24,800) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
LT Elevator Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 34.39 | 40.14 | 56.52 |
| Expenses | 32.99 | 36.05 | 44.22 |
| Net income | 1.25 | 3.17 | 8.94 |
LT Elevator Offer News
- LT Elevator RHP
- LT Elevator Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
LT Elevator Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 1.35 | 3.44 | 8.50 |
| PE ratio | – | – | 8.94 – 9.18 |
| RONW (%) | 17.95 | 34.65 | 19.68 |
| NAV | 16.42 | 23.30 | 33.24 |
| ROCE (%) | 29.38 | 45.97 | 30.50 |
| EBITDA (%) | 11.77 | 16.61 | 26.94 |
| Debt/Equity | – | – | 0.38 |
LT Elevator IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 18 September 2025 | 28 | – | 36,000 |
| 17 September 2025 | 28 | – | 36,000 |
| 16 September 2025 | 21 | – | 27,500 |
| 15 September 2025 | 12 | – | 13,700 |
| 13 September 2025 | 12 | – | 13,700 |
LT Elevator IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 9,60,000 | 7,20,000 | 16,78,400 | 33,58,400 |
| 16 Sep 2025 | 95.10 | 356.52 | 158.90 | 183.03 |
| 15 Sep 2025 | 0.00 | 7.00 | 6.30 | 4.65 |
| 12 Sep 2025 | 0.00 | 1.19 | 0.88 | 0.70 |
The market maker reservation portion of 2,52,800 shares and the anchor investor portion of 14,36,800 shares are not included in the above calculations.
LT Elevator IPO Allotment Status
LT Elevator IPO allotment status is now available on Cameo Corporate Services’ website. Click on this link to get the allotment status.
LT Elevator IPO Dates & Listing Performance
| IPO Opening Date | 12 September 2025 |
| IPO Closing Date | 16 September 2025 |
| Finalization of Basis of Allotment | 17 September 2025 |
| Initiation of refunds | 18 September 2025 |
| Transfer of shares to demat accounts | 18 September 2025 |
| IPO Listing Date | 19 September 2025 |
| Opening Price on BSE SME | INR 136.10 per share (up 74.49%) |
| Closing Price on BSE SME | INR 142.9 per share (up 83.21%) |
LT Elevator Offer Lead Manager
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: [email protected]
Website: www.horizonmanagement.in
LT Elevator Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, 1 Club House Road
Chennai – 600 002
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.cameoindia.com
LT Elevator Contact Details
L. T. ELEVATOR LIMITED
Capricorn Nest, 3 Gobinda Auddy Road,
Kolkata – 700 027, West Bengal, India
Phone: +91 332 448 0447
E-mail: [email protected]
Website: www.ltelevator.com
IPO FAQs
What is the LT Elevator offer size?
LT Elevator offer size is INR 38.36 – 39.37 crores.
What is the LT Elevator offer price band?
LT Elevator public offer price is INR 76 – 78 per share.
What is the lot size of the LT Elevator IPO?
LT Elevator offer lot size is 1,600 shares.
What is the LT Elevator IPO GMP today?
LT Elevator IPO GMP today is INR 28 per share.
What is the LT Elevator kostak rate today?
LT Elevator kostak rate today is INR NA per application.
What is the LT Elevator IPO Subject to Sauda rate today?
LT Elevator Subject to Sauda rate today is INR 36,000 per application.