L.T. Elevator Limited IPO
L.T. Elevator Limited IPO
IPO Date :
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L.T. Elevator Limited's completed its IPO journey with a successful listing on BSE on 19-09-2025. The public offering mobilized 50,48,000 Shares in total capital, comprising 50,48,000 Shares in fresh equity.
The offering was conducted within the price band of ₹76 to ₹78, with minimum application lots of 1600 shares. Investor participation during the 12-09-2025 to 16-09-2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on 17-09-2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
L.T. Elevator IPO About Company
L. T. Elevator Limited, incorporated in August 2008, provides complete elevator system solutions with a strong focus on quality, service, and technical expertise. The company is engaged in manufacturing, installing, commissioning, and maintaining elevators, while also offering EPC (engineering, procurement, and construction) and O&M (operations and maintenance) services under its “Customer First” philosophy. Its product range includes elevators, manual elevators, and semi-automatic elevators, designed with innovative modular features and backed by 24/7 service support. With an in-house testing lab managed by qualified professionals, the company ensures strict quality checks and integrates technology with professional management to deliver efficient and reliable solutions. Its manufacturing facility in Chakchata, West Bengal, has the capacity to produce 800 elevators annually, equipped with modern machinery, sustainable practices, and an innovation-driven approach. As of March 31, 2025, the company employed 319 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
L.T. Elevator IPO Strength Factors
- State-of-the-Art Manufacturing Facility – Advanced plant with modern machinery, strong R&D, and quality systems, capable of producing ~800 elevators annually.
- Experienced & Skilled Workforce – A team of 319 employees with deep technical expertise and proven industry know-how ensures efficient execution.
- Strong Brand & Diverse Product Portfolio – Well-recognized for customized elevator solutions, supported by trusted global suppliers and 24/7 service reliability.
L.T. Elevator IPO Risk Factors
- Single Facility Dependency – Heavy reliance on the Chakchata manufacturing plant; any disruption could significantly affect operations and cash flows.
- Pending Legal Proceedings – Ongoing litigations involving promoters and directors may negatively impact business reputation and financial stability if resolved unfavorably.
- Regulatory Compliance Risk – Business continuity depends on timely approvals and renewals of licenses and permits; delays or non-compliance may hinder growth.
L.T. Elevator IPO Lead Manager(s)
- Horizon Management Private Limited
L.T. Elevator IPO Promoter(s)
- Arvind Gupta
- Usha Gupta
- Yash Gupta
L.T. Elevator IPO FAQs
L.T. Elevator Limited IPO subscribed 183.07 times. The public issue subscribed 158.98 times in the retail category,95.1times in QIB, and 428.88 times in the HNI (10+) category byNovember 21, 2025 9:54:58 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
L.T. Elevator IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
L.T. Elevator IPO FAQs
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