LT Elevator IPO subscribed 182.95x on Day 3

LT Elevator IPO subscription started on Friday, September 12, and the IPO will close on September 16, 2025, as per the schedule. The price band is set at ₹76 to ₹78 per share with a face value of ₹10.
LT Elevator IPO

LT Elevator IPO Subscription StatusĀ 

LT Elevator IPO subscribed over 182.95x on its last day till 5.00 PM on 16 September 2025.Ā 

  • LT Elevator IPO subscription QIB investors’ portion was 95.10 times, while NII subscribers subscribed 356.16 times, and RII investors subscribed 158.90 times.Ā 
  • The company has received bids for 61,44,22,400 shares against 33,58,400 on offer for the last-day subscription.Ā 
  • LT Elevator IPO subscribed over 182.95x on its day 3.Ā 
  • LT Elevator IPO subscribed over 4.50x on its day 2.Ā 
  • LT Elevator IPO subscribed over 0.68x on its day 1.Ā Ā 

About LT ElevatorĀ  CompanyĀ 

L. T. Elevator Limited, founded in August 2008, is one of the leading companies that is engaged in offering quality Elevator system solutions. The company focuses on manufacturing, installation, commissioning, and maintenance of elevators. The company follows the customer-last approach and has a production capacity of 800 elevators per year at its modern facility in West Bengal.

The company’s portfolio comprises passenger, goods, hospital, and home elevators, both manual and automatic. Bhubaneswar, Delhi, Patna, and Guwahati are some of the major cities where L.T. Elevator is present and is also working on smart city projects in Silchar and Imphal. Residential complexes, commercial buildings, malls, and public-sector units like railways are the major clients of the company. ISO 14001:2015 certification and in-house R&D and testing ensure safety and energy efficiency. As of now, the company includes 319 employees.

LT ElevatorĀ Financial ReportĀ Ā 

The company reported revenue of ₹56.74 crores in 2025 against ₹40.63 crores in 2024. The company reported a profit of ₹8.94 crores in 2025 against a profit of ₹3.17 crores in 2024. 

LT ElevatorĀ IPO GMP:Ā Ā 

LT ElevatorĀ  IPO GMP was ₹25 as of Tuesday, 16 September 2025. That indicates the IPO is trading at ₹103 with a ₹25 premium in the grey market against the issue price of ₹78.Ā Ā 

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Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.