Here’s a complete and SEO-optimized overview of the L.T. Elevator Limited IPO, covering key details and the flow of the offering.
Founded: August 2008
Core Business: Manufacturing, installation, commissioning, and maintenance of elevator systems—including passenger, goods, hospital, home elevators, both manual and automated.
Subsidiary: Park Smart Solutions Ltd. supplies multi-level automated parking systems.
IPO Timeline
- Issue Open: September 12, 2025
- Issue Close: September 16, 2025
- Allotment Date: September 17, 2025
- Refunds & Demat Credit: September 18, 2025
- Listing Date (BSE SME): September 19, 2025
IPO Details
- Face Value: ₹10 per share
- Price Band: ₹76–₹78 per share
- Lot Size: 1,600 shares
- Issue Size (Fresh): Approx. ₹39.37 crore
- Net Offered to Public: 47,95,200 shares
- Issue Type: Bookbuilding IPO
- Listing At: BSE SME
- Share Holding Pre Issue: 1,41,15,055 shares
- Share Holding Post Issue: 1,91,63,055 shares
GMP of L.T. Elevator Limited IPO
I couldn’t find any Grey Market Premium (GMP) reported for the L.T. Elevator Limited IPO as of now. Here’s the current status based on trusted IPO tracking platforms:
The GMP has not yet started and is currently marked as “₹–” (not available).
Summary Table
| Parameter | Status / Value |
|---|---|
| GMP (Grey Market Premium) | Not started / Not available |
| Reported By | ipoWatch.in & others |
| Interpretation | No speculative trading data yet |
Promoters of L.T. Elevator Limited
Here’s a detailed breakdown of the promoters of L.T. Elevator Limited, along with their profiles and shareholding patterns—sourced from official disclosures and credible documentation:
1. Mr. Arvind Gupta
- Role: Promoter and Managing Director of L.T. Elevator Limited
- Experience & Responsibilities: With over 16 years in elevator manufacturing operations, he has overseen production, operations, marketing, quality control, and compliance. He plays a pivotal role in strategy, product innovation, capacity expansion, and market development.
2. Mrs. Usha Gupta
- Role: Promoter and Whole-Time Director
- Experience & Responsibilities: Graduated in 1988 and possesses 15+ years in elevator and vehicle parking solutions. She oversees production, marketing, quality, administration, and client relations. She also drives expansion and diversification strategies.
3. Mr. Yash Gupta
- Role: Promoter and Director
- Credentials & Experience: Holds a B.Tech in Computer Science (LNMIIT, Jaipur) and an MBA from IIM Ahmedabad. With over 10 years in marketing, he joined as Director on January 10, 2024. He is instrumental in marketing strategies, quality certifications, and expansion initiatives.
Key Takeaways
- The Gupta family—comprising Arvind, Usha, and Yash—is the core promoter group, holding majority control even after the IPO.
- Their diversified roles—from senior management to administrative oversight and strategic marketing—demonstrate continuity and cohesion in leadership.
L.T. Elevator Limited IPO Lot Size
Here’s the detailed lot size breakdown for the L.T. Elevator Limited IPO, presented clearly in table format alongside key highlights:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,49,600 |
| Retail (Min) | 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 |
L.T. Elevator Limited IPO Promoter Holding
Here’s a detailed summary of the promoter shareholding in L.T. Elevator Limited’s IPO, sourced from reliable platforms:
| Promoter | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |
|---|---|---|---|---|
| Arvind Gupta | 8,650,545 | 61.29% | 8,650,545 | 45.14% |
| Usha Gupta | 3,233,476 | 22.91% | 3,233,476 | 16.87% |
| Yash Gupta | 66,620 | 0.47% | 66,620 | 0.35% |
| Total (all promoters) | — | 84.67% | — | 62.36% |
- Pre-IPO Promoter Holding: 85.14%
- Post-IPO Promoter Holding: 62.71%
About L.T. Elevator Limited
- Incorporation & Registration: L.T. Elevator Limited was incorporated on 27 August 2008 as a public limited company based in Kolkata, West Bengal. Its CIN is U31909WB2008PLC128871, with an authorized capital of ₹20 crore and a paid-up capital of ₹13.67 crore.
- Headquarters: Corporate and registered office: Capricorn Nest, 3 Gobinda Auddy Road, Alipore, Kolkata – 700027.
Operations & Capabilities
- Core Business: Specializes in elevator solutions, offering end-to-end services including manufacturing, installation, commissioning, and maintenance of passenger, goods, hospital, and home elevators—both manual and automatic.
- Turnkey Support: Also provides comprehensive EPC (Engineering, Procurement & Construction) and O&M (Operations & Maintenance) services, with round-the-clock support capabilities and a 12-month product warranty.
Infrastructure & Technology
- Manufacturing Facility: Operates a state-of-the-art facility in West Bengal with an annual production capacity of 800 elevators.
- Technological Edge: Employs Indo-Italian-German technology, with approximately 80% in-house manufacturing at its integrated production plant spanning over 80,000 sq. ft.
- Maintenance Network: Has a strong on-ground presence with 20 branches across India, supported by a trained maintenance team of approximately 250 personnel, and an in-house design team of 25+ engineers.
Market Presence & Order Book
- Geographical Reach: Active in key cities such as Bhubaneswar, Delhi, Patna, and Guwahati, and engaged in smart city projects in Silchar and Imphal.
- Clients Served: Supplies elevators to a diverse clientele—residential complexes, commercial buildings, malls, and public-sector clients including railway authorities.
Order Book (as of Aug 2025)
- L.T. Elevator Limited: ₹11.37 crore
- Subsidiary (Park Smart Solutions Ltd.): ₹106.98 crore
- Total workforce: 319 employees
Subsidiary & Expansion: Park Smart Solutions
- Subsidiary Overview: Park Smart Solutions Ltd., a wholly-owned subsidiary (acquired on 30 December 2024), specializes in automated multi-level car parking systems including stack, puzzle, and aisle parking systems.
- Strategic Aim: This integration aligns with L.T. Elevator’s ambition to address urban mobility and parking challenges, contributing to sustainable infrastructure growth.
Summary Overview
| Feature | Details |
|---|---|
| Established | 2008, Kolkata |
| Core Focus | Elevator manufacturing & services (EPC & O&M) |
| Facility & Capacity | 80,000 sq. ft plant, 800 elevators/year |
| Subsidiary Role | Park Smart Solutions – smart parking systems |
| Certifications | ISO 14001:2015, in-house R&D/testing lab |
| Order Book | ₹11.37 Cr (elevators) + ₹106.98 Cr (parking) |
| Financial Growth | Strong YoY growth: 2025 Revenue ₹56.74 Cr, PAT ₹8.94 Cr |
| Profitability & Efficiency | Healthy margins & returns, moderate leverage (D/E 0.86) |
| Network Reach | 20 branches, 250 maintenance staff, 25+ in-house design engineers |
| Geographical Presence | Across key Indian cities and smart city projects |
L.T. Elevator Ltd. Financial Information
Here’s the comprehensive financial overview for L.T. Elevator Limited, detailed in a clear and structured table format,
| Period Ended | 31 Mar 2025 | Mar 31 2024 | 31 Mar 2023 |
| Assets | ₹86.99 Crore | ₹42.78 Crore | ₹42.68 Crore |
| Total Income | ₹56.74 Crore | ₹40.63 Crore | ₹34.73 Crore |
| Profit After Tax | ₹8.94 Crore | ₹3.17 Crore | ₹1.25 Crore |
| EBITDA | ₹15.23 Crore | ₹6.67 Crore | ₹4.05 Crore |
| Net Worth | ₹45.43 Crore | ₹10.74 Crore | ₹7.57 Crore |
| Reserves and Surplus | ₹31.77 Crore | ₹6.13 Crore | ₹2.96 Crore |
| Total Borrowing | ₹17.30 Crore | ₹14.02 Crore | ₹13.64 Crore |
Key Performance Indicator (KPI)
Here are the Key Performance Indicators (KPI) of L.T. Elevator Limited IPO based on its restated financials and valuation metrics.
| 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 |
Objects of the Issue (L.T. Elevator Limited IPO Objectives)
Here are the Objects of the Issue (IPO objectives) for L.T. Elevator Limited, as disclosed in its IPO filings and credible financial sources.
| Objective | Amount (₹ Crore) | Percentage |
|---|---|---|
| Working Capital Requirements | 20.00 | ~50.80% |
| Investment in subsidiary Park Smart Solutions Limited (working capital) | 8.80 | ~22.35% |
| General Corporate Purposes | 10.57 | ~26.84% |
- Working Capital: To support existing operations and build capacity for new orders.
- Investment in Subsidiary: Funds allocated to Park Smart Solutions Limited, a wholly-owned subsidiary that specializes in automated multi-level car parking systems, supporting its working capital needs.
- General Corporate Purposes: Broad use including business expansion, operational needs, and IPO-related expenses.
Summary
The IPO proceeds are strategically earmarked to strengthen L.T. Elevator’s operational bandwidth (through working capital), support its newly acquired subsidiary’s growth, and maintain corporate agility through general operational financings.
Strengths of L.T. Elevator Limited IPO
1) Leading Elevator & Vertical Transportation Provider
- Positioned as one of the prominent companies in India’s elevator manufacturing and services sector, offering a reliable market presence.
2) Strategic Manufacturing & Geographical Footprint
- Benefits from a strategically located manufacturing unit and a growing presence in eastern India, including smart-city projects in Silchar and Imphal.
3) Quality-Focused Operations
- Emphasizes rigorous Quality Assurance & Control, supported by in-house testing labs, energy-efficient designs, and modular engineering.
4) Strong Customer Relationships & Service Model
- Maintains cordial and long-term client relationships, with end-to-end EPC and O&M services ensuring regular servicing needs are met.
5) Operational Excellence & Cost Efficiency
- Stands out for cost-effective production, timely order fulfilment, and streamlined operations bolstered by modern infrastructure.
6) Experienced Management Team
- Led by seasoned professionals with proven project management and implementation capability, reinforcing confidence in execution.
Risks of L.T. Elevator Limited IPO
1) Limited Liquidity & Trading Restrictions
- Post-IPO, investors may face restrictions on immediate sale, alongside daily price movement limitations that can hamper liquidity.
2) Potential Ownership Dilution & No Dividend History
- Future equity issuances or promoter secondary sales may dilute investor stakes. The company has also not paid dividends to date, with no assurance of future payouts.
3) Regulatory & Foreign Investment Constraints
- Restrictions may hamper foreign investors’ ability to participate fully. Additionally, Indian laws may limit shareholder rights compared to other jurisdictions.
4) Currency Risk
- Being rupee-denominated, international investors could face losses due to currency exchange fluctuations.
5) IPO Process Limitations
- Applications cannot be withdrawn post-closing. Also, investors may have to bear Indian capital gains tax upon selling shares.
Summary Table
| Category | Highlights |
|---|---|
| Strengths | Market leadership, geographic reach, quality control, client relationships, cost efficiency, experienced management |
| Risks | Liquidity restrictions, dilution risks, no dividends, regulatory & tax issues, currency exposure |
L.T. Elevator Limited Contact Details
Here are the official contact details for L.T. Elevator Limited and its IPO intermediaries.
L.T. Elevator Limited – Company Contact
- Address:
Capricorn Nest, 3 Gobinda Auddy Road, Kolkata, West Bengal – 700027, India - Phone:
033-2448 0447 - Email (Corporate):
cs@ltelevator.com - Website:
www.ltelevator.com
Registrar – Cameo Corporate Services Limited
- Address:
Subramanian Building, No. 1, Club House Road, Chennai – 600002, Tamil Nadu - Phone:
+91-44-28460390 (alternate: 28462700) - Email:
ipo@cameoindia.com - Website:
https://ipo.cameoindia.com
Lead Manager – Horizon Management Pvt. Ltd.
- Address:
19, R.N. Mukherjee Road, Main Building, 2nd Floor, Kolkata – 700001, West Bengal - Phone:
46000607 (as per GoodReturns)
Summary Table
| Entity | Address | Phone | Website | |
|---|---|---|---|---|
| L.T. Elevator Limited | Capricorn Nest, 3 Gobinda Auddy Road, Kolkata – 700027 | 033-2448 0447 | cs@ltelevator.com | www.ltelevator.com |
| Registrar (Cameo) | Subramanian Bldg, No. 1 Club House Road, Chennai – 600002 | +91-44-28460390 | ipo@cameoindia.com | ipo.cameoindia.com |
| Lead Manager | 19 R.N. Mukherjee Road, Kolkata – 700001 | 46000607 | — | — |
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