L. T. Elevator Limited offers high-quality elevator system solutions, with a strong emphasis on superior service, engineering, and technical expertise. Established in 2008, the company operates under a “Customer First Philosophy,” offering safe, efficient, and innovative vertical transportation solutions.
L. T. Elevator provides end-to-end elevator solutions, including manufacturing of modular elevators, installation and commissioning for diverse projects, annual maintenance contracts (AMC) for reliable operations, and EPC & O&M services for large-scale developments.
L. T. Elevator caters to diverse requirements with a modern product range:
- Passenger Elevators
- Manual Elevators
- Semi-Automatic Elevators
All products emphasize safety, energy efficiency, and innovation, supported by 24×7 service backup and a 12-month warranty from commissioning.
The company’s manufacturing facility at Chakchata, West Bengal, has a capacity of 800 elevators annually, supported by two dedicated lines for design, manufacturing, and assembly. It features an in-house testing lab under expert supervision, ensuring strict quality control, while also following eco-friendly practices and fostering continuous innovation.
As of March 31, 2025, the company employed 319 people, combining industry expertise with professional management and advanced technology to deliver reliable solutions.
L.T.Elevator IPO – Details
| IPO Opening Date | 12 September 2025 |
| IPO Closing Date | 16 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 50,48,000 Shares Worth ₹39.37 Crore Fresh Issue: 50,48,000 Shares Worth ₹39.37 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 – ₹78 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
L.T.Elevator IPO – Date Schedule
| IPO Open Date | 12 September 2025 |
| IPO Close Date | 16 September 2025 |
| Basis of Allotment | 17 September 2025 |
| Initiation of Refund | 18 September 2025 |
| Credit of Shares to Demat | 18 September 2025 |
| IPO Listing Date | 19 September 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 16, 2025 |
L.T.Elevator IPO – Lots Size & Price
| 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 |
Competitive Strengths
- Manufacturing plant equipped with the latest machinery and technology to design, manufacture and install its products.
- Experienced and technically advanced manpower.
- Strong brand recognition and reputation for excellence in manufacturing of customized elevators.
- Wide range of products offered.
- Strong relationship with international suppliers of raw materials.
- Well-equipped R&D and quality control process.
Company Promoters
- Arvind Gupta
- Usha Gupta
- Yash Gupta
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹34.73 Cr | ₹32.99 Cr | ₹1.25 Cr | ₹13.64 Cr |
| 31 March 2024 | ₹40.63 Cr | ₹36.06 Cr | ₹3.17 Cr | ₹14.02 Cr |
| 31 March 2025 | ₹56.74 Cr | ₹44.27 Cr | ₹8.94 Cr | ₹17.30 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.34 | 4.67 |
| P/E (x) | 12.31 | 16.71 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Working Capital Requirements. | ₹20.00 |
| Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement. | ₹8.80 |
| General Corporate Purposes. | – |
✅Strengths
- Leading player in elevators and vertical transport.
- Strategic West Bengal manufacturing base.
- Strong quality control and in-house testing.
- Long-term customer relationships.
- Cost-efficient production, timely delivery.
- Experienced management team.
⚠️Risks
- Regulatory and compliance challenges.
- Past operational lapses (rights issue records).
- High competition, reliance on infra projects.
- Working capital and liquidity pressure.
- Delays, raw material costs, policy changes.
L.T.Elevator IPO Promoter Holding
| Pre Issue Share Holding | 85.14% |
| Post Issue Share Holding | – |
L.T.Elevator IPO Prospectus
Company Contact Information
| L.T.Elevator Ltd. Capricorn Nest 3, Gobinda Auddy Road, Kolkata, West Bengal, 700027 Phone: +913324480447 Email: cs@ltelevator.com Website: http://www.ltelevator.com/ |
L.T.Elevator IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
L.T.Elevator IPO Lead Manager(s)
| 1. Horizon Management Pvt.Ltd. |
L.T.Elevator IPO FAQ
| What is L.T.Elevator IPO? L.T.Elevator IPO is an SME IPO. The issue is priced at ₹76 – ₹78 per equity share. The IPO is to be listed on BSE SME. |
| When L.T.Elevator IPO will open? The IPO is to open on 12 September 2025 for QIB, NII, and Retail Investors. |
| What is L.T.Elevator IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the L.T.Elevator IPO Size? L.T.Elevator IPO size is ₹39.37 Crore. |
| What is L.T.Elevator IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3200 Shares with ₹2,49,600 amount, while the maximum bid is 3200 Shares with ₹2,49,600. |
| What is the L.T.Elevator IPO Allotment Date? L.T.Elevator IPO allotment date is 17 September 2025. |
| What is the L.T.Elevator IPO Listing Date? L.T.Elevator IPO listing date is 19 September 2025. The IPO is to be listed on the BSE SME. |
