L.T. Elevator IPO: Price, GMP, Analysis, And Details

L.T. Elevator IPO- Company Analysis 

L.T. Elevator IPO under the SME IPO category is a bookbuild issue of Rs. 39.37 Cr by L.T. Elevator Ltd, which was incorporated in 2008. With an emphasis on excellent service, engineering, and technical solutions, the company offers high-quality elevator system solutions.

The business provides all-inclusive services, such as elevator construction, commissioning, installation, and yearly maintenance.  Engineering, procurement, construction (EPC) and operations and maintenance (O&M) services are offered by L.T. Elevator, which operates with a "Customer First Philosophy."

The business provides a range of products with cutting-edge engineering, creative modular design, and round-the-clock customer service.

For quality assurance, the business has an internal testing facility run by trained staff.  To better serve its clients, it combines technology and professional management for improved performance, market knowledge, and demonstrated experience.

 

Portfolio of Products:

1. Elevators 

2. Manual Elevators

3. Elevators with semi-automation.

 

L.T. Elevator IPO Details

The L.T. Elevator IPO date is on 12 September 2025, and its initial public offering will end on 16 Sep with IPO allotment on Sep 17, and refund initiation on Sep 18, 2025.

The Rs. 39.37 crore new SME IPO comprises a wholly fresh issue of 0.50 crore shares.

The L.T. Elevator IPO listing date (expected) might be on Friday, Sep 19, 2025, and listing at the BSE and SME. 

The L.T. Elevator IPO price band is Rs. 76 to Rs. 78.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Sep 12, 2025
IPO Closing Date	Sep 16, 2025
IPO Allotment Date	Sep 17, 2025
Refund Initiation	Sep 18, 2025
IPO Listing Date	Sep 19, 2025

 

Click to open a demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	86.99	42.78	42.68
Total Revenue	56.74	40.63	34.73
PAT	8.94	3.17	1.25
EBITDA	15.23	6.67	4.05
Net Worth	45.43	10.74	7.57
Reserves & Surplus	31.77	6.13	2.96
Borrowings	17.30	14.02	13.64

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	(278.45)	(281.84)	327.25
Net Cash Flow Investing Activities	(625.92)	198.39	(51.01)
Net Cash Flow Financing Activities	895.17	81.65	(231.75)

Revenue Bifurcation

 

State-wise Revenue Bifurcation

 

Segment-wise Revenue Breakdown

 

Sector-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Requirements for working capital. Rs. 20 Cr.

• Investment in Park Smart Solutions Limited, a subsidiary, to meet its working capital needs. Rs. 8.80 Cr.

• General Corporate Purposes.
  
  

Listed Peers of L.T. Elevator Ltd. 

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Aaron Industries Limited	10	7.86	43.54

 

Valuation

Metric	Value
ROCE	30.50%
ROE	20.52%
PBV	2.35
Debt/Equity	0.38
PAT Margin	15.82%
EBITDA Margin	26.94%
RoNW	19.68%

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 8.50 from the last year, the resulting P/E ratio is 9.17x. When compared with the industry’s average P/E of 46.30x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

 

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IPO's Strengths 

• Manufacturing plant equipped with the latest machinery and technology to design, manufacture and install its products.=

• Skilled and technically proficient labor force.

• Strong brand recognition and reputation for excellence in the manufacturing of customized elevators.

• Wide range of products offered.

• Strong relationship with international suppliers of raw materials.
  
  

 

 

IPO’s Weaknesses 

• Single manufacturing facility risk.

• A strong reliance on licenses and approvals.

• Loan dependency on finances.

• Supply chain & logistics risk.
  
  

L.T. Elevator IPO GMP (Grey Market Premium)

L.T. Elevator IPO GMP today has not started yet as of 09 Sep 2025 at the time of writing this information.

L.T. Elevator IPO Summary

The L.T IPO has a market maker portion size of 2,52,800 Shares (Rs. 1.97 Cr).

IPO Opening & Closing Date	12 Sep, 2025 to 16 Sep, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 76 to Rs. 78 per Share.
Lot Size	1600 Shares
Issue Size	50,48,000 Shares (Rs. 39.37 Cr)
Offer for Sale	-
Fresh Issue	50,48,000 Shares (Rs. 39.37 Cr)
Listing at	BSE, SME
Issue Type	Bookbuilding IPO
Registrar	Cameo Corporate Services Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,49,600 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (4800 Shares) for Rs. 3,74,400.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

L.T. Elevator IPO Allotment Status

To check the L.T. Elevator IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of L.T. Elevator Ltd.

• Arvind Gupta.

• Usha Gupta.

• Yash Gupta.

Pre-Issue Promoter Shareholding	85.14%
Post-Issue Promoter Shareholding	-

 

IPO Lead Managers

• Horizon Management Pvt. Ltd. 

 

Dividend Policy

The company has not paid a dividend during the last three fiscal years.

 

Conclusion

Strong sales growth, solid margins, and an appealing P/E price in comparison to peers are carried by the L.T. Elevator IPO. Its broad range of products, sophisticated manufacturing setup, and highly qualified crew are its main advantages. Risks, including supply chain issues, reliance on loans, and reliance on a single plant, must be taken into account.                

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.