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L.T.Elevator IPO
Price Band
₹76.0–78.0
Issue Size
₹39.37 Cr
Lot Size
1,600 shares
Min Investment
₹249,600
2 LOTS MIN
GMP
+₹45.0 (57.69%)
Issue Price
₹78.0
Subject to Sauda
₹54700
Paid only if allotted
L.T.Elevator IPO AI Summary
- L.T.Elevator IPO is listed on BSE SME in the Industrial Products sector.
- Price band: ₹76.0–₹78.0 per share, lot size 1,600 shares (min. investment ₹249,600, 2 lots minimum).
- Subscription window: 12 Sep–16 Sep 2025, listing on 19 Sep 2025.
- Current GMP is +₹45.0 (57.69%), an estimated listing price of ₹123 — unofficial and can change daily.
L.T.Elevator Limited is an SME focused on providing quality elevator solutions, with a strong emphasis on customer service and innovation. The company has shown significant growth in revenue and profit over recent years, and its IPO offers an opportunity for investors to participate in its future growth.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
L.T.Elevator IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 16 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
L.T.Elevator IPO Grey Market Premium (GMP) Today
GMP
+₹45.0
GMP %
+57.69%
Est. Listing
₹123.0
Updated: 25 Jul 2026 14:12
About the Company
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.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 86.99 | 42.78 | 42.68 |
| Total Income | 56.74 | 40.63 | 34.73 |
| Profit After Tax | 8.94 | 3.17 | 1.25 |
| EBITDA | 15.23 | 6.67 | 4.05 |
| NET Worth | 45.43 | 10.74 | 7.57 |
| Reserves and Surplus | 31.77 | 6.13 | 2.96 |
| Total Borrowing | 17.30 | 14.02 | 13.64 |
Key Ratios
EPS
₹6.34
NAV
₹33.24
ROE
20.52%
ROCE
30.50%
RoNW
19.68%
P/B Value
2.35
P/E Ratio
12.31
Market Cap
₹149.47 Cr
PAT Margin
15.82%
Debt/Equity
0.38
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Aaron Industries Limited | 41.08 | 19.14% | 43.54 | 7.86 | 7.86 |
| L. T. Elevator Limited This IPO | 33.24 | 19.68% | — | 8.5 | 8.5 |
Promoters
Arvind Gupta, Usha Gupta and Yash Gupta
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 20.00 2 Investment in subsidiary Park Smart Solutions Ltd., for funding of its working capital requirement 8.80 3 General Corporate Purposes 5.90 4 Issue Expenses 5.47 Total 40.17
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹34.73 Cr in the year ending 31 Mar 2023 to ₹40.63 Cr by 31 Mar 2024, and further rose to ₹56.74 Cr by 31 Mar 2025. This shows a consistent upward trend in revenue over the periods analyzed.
Profit Trend
Profit After Tax grew from ₹1.25 Cr in the year ending 31 Mar 2023 to ₹3.17 Cr by 31 Mar 2024, and then increased significantly to ₹8.94 Cr by 31 Mar 2025. This indicates a strong improvement in profitability over the analyzed periods.
Valuation
At the issue price of ₹78.0, L.T.Elevator has an implied P/E ratio of 12.31 based on its EPS of ₹6.34. This is compared to peers like Aaron Industries Limited, which has a P/E of 43.54, indicating that L.T.Elevator is priced at a lower multiple than its peer group.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of how much above or below the issue price a stock might list on the stock exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term investment horizon typically weigh IPOs like this against their overall portfolio strategy, financial goals, and risk tolerance. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable, lower-risk investments or those who are not comfortable with the inherent risks associated with IPOs may want to avoid this offering. It is crucial to assess personal financial situations and investment strategies.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on September 12, 2025, and closes on September 16, 2025. Allotment of shares will occur on September 17, 2025, with the stock expected to list on September 19, 2025.
Listing Gains — The Risk
Listing day gains can be unpredictable and are influenced by various factors, including market conditions and investor sentiment. While some stocks may see significant gains on their debut, others may not perform as expected. It is important to be aware of the risks associated with trading on listing day.
This evaluation is generated from L.T.Elevator's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is L.T.Elevator IPO GMP today?
L.T.Elevator IPO GMP today is +₹45.0 (57.69%), indicating an estimated listing price of ₹123. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of L.T.Elevator IPO?
The price band of L.T.Elevator IPO is ₹76.0–₹78.0 per share.
When does L.T.Elevator IPO open and close?
L.T.Elevator IPO opens on 12 September 2025 and closes on 16 September 2025.
When does L.T.Elevator IPO list on the stock exchange?
L.T.Elevator IPO listed on 19 September 2025 at ₹123.0.
What is the lot size for L.T.Elevator IPO?
The lot size for L.T.Elevator IPO is 1600 shares, requiring a minimum investment of ₹249,600 (2 lots).
What is the lot size for the L.T.Elevator IPO?
The lot size for the L.T.Elevator IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹249,600.
What is the price band for the IPO?
The price band for the IPO is ₹76.0 to ₹78.0.
When does the IPO open and close?
The IPO opens on September 12, 2025, and closes on September 16, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the stock compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Sep 2025
Close
16 Sep 2025
Allotment
17 Sep 2025
Listing
19 Sep 2025
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