LT Elevator IPO was subscribed overall 182.95 times on the last day, while the retail quota was subscribed 158.90 times, QIB subscribed 95.10 times, and NII quota subscribed 356.16 times, respectively.
Details About the LT Elevator IPO
LT Elevator has received approval from SEBI for an IPO of ₹39.37 crores. The IPO comprises a fresh issue of ₹39.37 crores with a face value of ₹10.
Moreover, the company has set up a price band between ₹76 to ₹78 per share. In this IPO, a total of 3,200 shares were available in 2 lot sizes for the minimum Retail category and for the maximum Retail category. S-HNI (Min) has a total of 4,800 shares in 3 lot sizes. S-HNI (Max) has a total of 12,800 shares in 8 lot sizes. While B-HNI Minimum has a total of 14,400 shares in 9 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and Maximum investment of ₹2,49,600.
- S-HNI (Minimum): Minimum investment of ₹3,74,400.
- S-HNI (Maximum): Maximum investment of ₹9,98,400.
- B-HNI Minimum: Minimum investment of ₹11,23,200.
Subscription duration of the LT Elevator IPO
The opening date of the LT Elevator IPO subscription was September 12, 2025, and the close date was September 16, 2025. The LT Elevator IPO allotment was finalized on September 17, 2025, and the IPO listing is on September 19, 2025.
Funds Deployment of This Company
- A portion of IPO money will go towards Working Capital Requirements.
- A portion of IPO money will go for Investment in the subsidiary Park Smart Solutions Limited, for funding of its working capital requirement
- A portion of IPO money will be used for General corporate purposes.
About LT Elevator IPO
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-first 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 Elevator IPO Financial Background
The company’s revenue increased from ₹40.63 crores in 2024 to ₹56.74 crores in 2025.
Moreover, profit also grew from ₹3.17 crores in 2024 to ₹8.94 crores in 2025.
