LT Elevator IPO Subscription Status
LT Elevator IPO subscribed over 4.50x on its second day till 5.00 PM on 15 September 2025.
- LT Elevator IPO subscription QIB investors’ portion was 0.00 times, while NII subscribers subscribed 6.55 times, and RII investors subscribed 6.20 times.
- The company has received bids for 1,51,20,000 shares against 33,58,400 on offer for the second-day subscription.
- LT Elevator IPO subscribed over 4.50x on its day 2.
- LT Elevator IPO subscribed over 0.68x on its day 1.
About LT Elevator Company
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-second 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 Financial Report
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 Elevator IPO GMP:
LT Elevator IPO GMP was ₹10 as of Monday, 15 September 2025. That indicates the IPO is trading at ₹88 with a ₹10 premium in the grey market against the issue price of ₹78.
