L. T. Elevator Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the L. T. Elevator Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹78
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,24,800
Issue Size
₹39.37 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
49.98%
NII Quota
15.02%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
L. T. Elevator Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
84.67%
Promoter Holding (Post-Issue)
62.36%
Issue Type
Book Building - SME
ISIN
INE0TJ801010
About the Company
Our Company provides Elevator system solutions with focus on service, engineering and technical solutions. We offer end to end solution starting from elevator manufacturing, installation, commissioning and servicing under annual maintenance contract. L. T. Elevator is solution provider offering EPC (engineering, procurement and construction) and O&M (operations and maintenance) services to our customers. We offer a product line with modular design and advanced engineering and commitment to provide 24 x 7 service back-up. Our products are designed with emphasis on the energy efficiency and the safety aspect of transporting people. We generally provide quality guarantee period of 12 months from the date of commissioning of products.
Industry Overview
Elevators - The global elevators market size was estimated at USD 79.06 billion in 2024 and is anticipated to grow at a CAGR of 6.7% from 2025 to 2030. The market is experiencing significant growth, driven by urbanization, infrastructure development, and technological advancements. As cities expand and populations increase, the demand for efficient vertical transportation solutions in residential, commercial, and industrial buildings has surged. Moreover, the rise of smart buildings, which incorporate IoT and energy-efficient technologies, is further propelling the market. Smart Parking Systems - The global smart parking systems market was valued at USD 6.49 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 22.1% from 2023 to 2030. The market growth can be attributed to increasing government investment in smart city projects and initiatives to curb traffic congestion. Further, advancements in Internet of Things (IoT), and significant investment by market players in R&D for innovative product development are anticipated to drive industry growth remarkably through 2030.
Company History
L. T. Elevator Limited (the "Company" or the "Issuer") was incorporated on August 27, 2008 as a private limited company as `L. T. Elevator Private Limited', under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 27, 2008 issued by the Deputy Registrar of Companies, West Bengal at Kolkata. Further, our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on April 19, 2024, and by the Shareholders in an extraordinary general meeting held on April 22, 2024 and consequently the name of our Company was changed to `L. T. Elevator Limited' and a fresh certificate of incorporation dated July 16, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- The Company provides Elevator system solutions with focus on service, engineering and technical solutions.
Growth Strategy
- Market Penetration and Geographic Expansion.
- Embracing new technologies for Product Diversification and Innovation.
- Focus on our Quality Control.
- Marketing Strategy.
- Growing our business with existing clients with quality and efficient services.
- Reduction of operational costs and achieving efficiency.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 50,48,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 78 per equity share (including a share premium of Rs. 68 per equity share) for cash, aggregating up to Rs. 39.37 crores ("public issue") out of which 2,52,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 78 per equity share for cash, aggregating Rs. 1.97 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The public issue less market maker reservation portion i.e. issue of 47,95,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 78 per equity share for cash, aggregating up to Rs. 37.40 crores is hereinafter referred to as the "net issue". The public issue and net issue will constitute 26.34% and 25.02% respectively of the post- issue paid-up equity share capital of the company. A pre-ipo placement of 4,48,000 equity shares was undertaken by the company, in consultation with the book running lead managers, as permitted under applicable law, aggregating to Rs. 3.49 crores ("pre-ipo placement"). The pre-ipo placement was at a price decided by the company, in consultation with the book running lead managers and was completed with the roc. The amount raised pursuant to the pre-ipo placement was reduced from the issue, subject to compliance with rule 19(2)(b) of the scrr and the revised issue size aggregates up to 50,48,000 equity shares. the pre-ipo placement did not exceed 20% of the size of the issue.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- One of the leading companies in elevators and vertical transportation.
- Geographical presence and strategic location of our manufacturing unit.
- Quality Assurance and Quality Control of our products.
- Strong, cordial & long-term relationship with our customers.
- Cost effective production and timely fulfilment of orders.
- The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.
- Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of our Equity Shares by our Promoters or Promoter Group may adversely affect the trading price of our Equity Shares.
- Our Company has not paid any dividends till now and there can be no assurance that we will pay dividends in future.
- Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.