Incorporated in 2008, L.T. Elevator provides elevator solutions spanning design, manufacturing, installation, commissioning, and maintenance, following a customer‑first approach. The product range includes manual and semi‑automatic elevators, supported by an in‑house testing lab and 24/7 service; the company reports annual capacity of about 800 elevators from its West Bengal facility and a workforce of 319 as of March 31, 2025.
L.T. Elevator IPO
BSE SME book‑built issue (Fresh)
UPCOMING IPOL.T. Elevator is launching a BSE SME IPO aggregating up to ₹39.37 crore via a 100% fresh issue of 50,48,000 equity shares. The offer opens on September 12, 2025 and closes on September 16, 2025, with allotment expected on September 17 and listing proposed on September 19, 2025. The price band is ₹76 to ₹78 per share; SME retail minimum is 2 lots of 1,600 shares each, i.e., 3,200 shares for ₹2,49,600.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹76 to ₹78 per share |
| Offer Structure | Fresh Capital (100%) |
| Total Shares | 50,48,000 shares (aggregating up to ₹39.37 crore) |
| Reserved for Market Maker | 2,52,800 shares (approximately ₹1.97 crore) |
| Net Offer to Public | 47,95,200 shares (approximately ₹37.40 crore) |
| Issue Type | Book‑building SME IPO |
| Listing | BSE SME |
| Shareholding (Pre / Post) | 1,41,15,055 / 1,91,63,055 shares |
| Lead Manager | Horizon Management Pvt. Ltd. |
| Registrar | Cameo Corporate Services Ltd. |
| Market Maker | Rainbow Securities Pvt. Ltd. |
| Investor Category | Shares Offered |
|---|---|
| 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%) |
| Total | 50,48,000 (100.00%) |
| Bid Date | Shares Offered | Anchor Portion | Lock‑in (50%) | Lock‑in (Balance) |
|---|---|---|---|---|
| Sep 11, 2025 | 14,36,800 | ₹11.21 crore | Oct 11, 2025 | Dec 10, 2025 |
| IPO Open | Fri, Sep 12, 2025 |
|---|---|
| IPO Close | Tue, Sep 16, 2025 |
| Allotment (Tentative) | Wed, Sep 17, 2025 |
| Refunds Initiation | Thu, Sep 18, 2025 |
| Credit to Demat | Thu, Sep 18, 2025 |
| Listing (Tentative) | Fri, Sep 19, 2025 |
| UPI Mandate Cut‑off | 5 PM on Sep 16, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,49,600 |
| 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 |
Incorporated in 2008, L.T. Elevator provides elevator solutions spanning design, manufacturing, installation, commissioning, and maintenance, following a customer‑first approach. The product range includes manual and semi‑automatic elevators, supported by an in‑house testing lab and 24/7 service; the company reports annual capacity of about 800 elevators from its West Bengal facility and a workforce of 319 as of March 31, 2025.
Summary (₹ crore)
| 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 & Surplus | 31.77 | 6.13 | 2.96 |
| Total Borrowings | 17.30 | 14.02 | 13.64 |
Source: IPO trackers and summaries consistent with the RHP for dates, band, lots, reservation, anchor, and financials; allotment/listing timetable aligned accordingly.
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The fact that L.T. Elevator is focused on providing 24/7 service and has a dedicated in-house testing lab speaks volumes about their commitment to quality. With the IPO price range at ₹76-78, it’s definitely a company worth watching closely.