L.T.Elevator Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,396,800 (47%) | — | ₹1,870 Cr |
| NII (HNI) | — | 720,000 (14%) | — | ₹562 Cr |
| Retail | — | 1,678,400 (33%) | — | ₹1,309 Cr |
| Market Maker | — | 252,800 (5%) | — | ₹20 Cr |
| Σ Total | — | 5,048,000 (100%) | — | ₹39,374 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹124,800 |
| Retail (Max) | 13 | 20,800 | ₹1,622,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,747,200 |
| B-HNI (Min) | 67 | 107,200 | ₹8,361,600 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 57 | 41 | 35 |
| EBITDA | 15 | 7 | 4 |
| Profit After Tax | 9 | 3 | 1 |
| Net Worth | 45 | 11 | 8 |
| Total Assets | 87 | 43 | 43 |
| Reserves & Surplus | 32 | 6 | 3 |
| Total Borrowing | 17 | 14 | 14 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Working Capital Requirements – 20.00
- 2 Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement – 8.80
- 3 General corporate purposes –
Company Overview
Incorporated in August 2008, L. T. Elevator Limited provides quality Elevator system solutions, focusing on superior service, engineering, and technical solutions.
The company offers comprehensive solutions, including elevator manufacturing, installation, commissioning, and annual maintenance. L.T. Elevator provides EPC (engineering, procurement, construction) and O&M (operations, maintenance) services, operating under a "Customer First Philosophy."
The company offers a product line with innovative modular design, advanced engineering, and 24/7 service support.
The company has an in-house testing lab for quality checks supervised by qualified personnel. They integrate professional management with technology for enhanced performance, industry expertise, and proven experience to best serve our customers.
Product Portfolio:
1. Elevators 2. Manual elevators 3. Semi-Automatic elevators
The company's manufacturing facility is situated in Chakchata, West Bengal. The manufacturing facility produces 800 elevators annually, equipped with modern equipment, ensuring quality control, following sustainable practices, and serving as an innovation hub.
As of March 31, 2025, the Company has 319 employees on payroll.
Competitive Strength:
- 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.