L. T. Elevator IPO

About L. T. Elevator IPO

The offer consists of a fresh issue component. The fresh issue will include up to 50,48,000 equity shares of face value of ₹ 10/- each aggregating up to ₹ 39.37 crore. The total number of shares is 50,48,000, while the aggregate amount is ₹39.37 crore.

The opening date is 12 September 2025. The closing date is 16 September 2025. The tentative listing date is Mon, Sep 19, 2025. The allotment date is 17 September 2025. The credit of shares to the demat account will take place on 18 September 2025. The initiation of refunds will take place on 18 September 2025.

L. T. Elevator Limited is engaged in delivering high-quality elevator system solutions, with an emphasis on exceptional service, engineering excellence, and technical expertise. They use the latest equipment installed to design, manufacture and assemble their vertical transportation system from raw materials processing, preparation of sub-assemblies, component fitment, testing, inspection and quality control. To ensure that they supply quality products which meet the applicable standards and safety requirements, they have set up a Research and Development facility ("R&D facility"), which consists of their quality assurance and quality control teams who check and conduct various tests in their in-house laboratory on the raw materials and their products at various stages, starting from receiving raw materials to the finished products manufactured by them.

Objectives of L. T. Elevator IPO

• Working capital requirement to meet the existing order book and to build bandwidth to onboard more orders.
• Investment in their subsidiary Park Smart Solutions Limited, for funding of its working capital requirement.
• General corporate purposes.

Industry Outlook

The global smart parking systems market was valued at USD 649 crores 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. Furthermore, advancements in the 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.

The global elevator market size was estimated at USD 7,906 crores 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 urbanisation, 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.

The government aims to promote infrastructure development and smart cities, significantly enhancing Indian elevator market demand in new constructions. The Ministry of Commerce and Industry reported that the total funding for the Smart Cities Mission exceeded USD 8,643 crores. The government intends to continue funding such projects that promote urban infrastructure, and these projects directly propel elevator requirements.

Company Information

L. T. Elevator was founded by Arvind Gupta, who has rich experience and a technology-savvy background, in the year 2008 to provide quality elevator system solutions. The company provides quality elevator system solutions with a focus on superior service, engineering and technical solutions. They offer end-to-end solutions starting from elevator manufacturing, installation, commissioning and servicing under annual maintenance contracts. L. T. Elevator is a solution provider offering EPC (engineering, procurement and construction) and O&M (operations and maintenance) services to their customers. L. T. Elevator operates with a "Customer First Philosophy". They offer a product line with the most innovative modular design and advanced engineering, and a commitment to provide 24x7 service back-up. Their products are designed with emphasis on energy efficiency and the safety aspects of transporting people. They generally provide a quality warranty period of 12 months from the date of commissioning of the products.

The need for quality vertical transportation systems is the need of the time. The demand has risen manyfold and is rising at an accelerated pace. Therefore, the company has a clear focus on achieving and sustaining a leadership position for all-round growth. They incorporate proven logistics expertise and the latest innovative designs in vertical transportation systems.

The company has an integrated production line well-equipped with technical know-how and is supported by the latest modern machinery and infrastructure. They optimise and customise operations for maximum efficiency and overall cost savings, improved customer service and risk mitigation. They have an in-house testing lab for quality checks under the strict supervision of qualified personnel. They also integrate professional management with sophisticated technology for enhanced performance and trade expertise, combined with proven ability to implement effective solutions and deep experience in key industries to serve their customers' needs best.

Strengths of L. T. Elevator IPO

• One of the leading customised elevator manufacturers with a long-standing market presence.
  
• A strong geographical presence.
  
• Strong and cordial relationships with clients as a one-stop solution provider for all elevator needs of existing and prospective clients.
  
• Cost-effective production and timely order fulfilment.
  
• Marquee clients.
  

Risks of L. T. Elevator IPO

• Changes in consumer preference and industry trends.
  
• Seasonal and other fluctuations.
  
• Decline in the economic health of India.
  
• Shortage or non-availability of essential utilities.
  
• Interest rate fluctuations.
  

Anchor Investor Bidding Date: 11 September 2025

*The Company in consultation with the Book Running Lead Manager, has considered participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/ Issue Period shall be one Working Day prior to the Bid/Issue Opening Date.

Registrar: Cameo Corporate Services Limited Book Running Lead Managers: Horizon Management Private Limited

L.T. Elevator Business Model

They have a B2B business model, and currently design and manufacture elevators. The elevators are broadly classified into segments:

1. Automatic Elevators
2. Manual elevators
3. Semi-automatic elevators

In addition, they also offer multi-level car parking systems/automated parking systems through their subsidiary.

L.T. Elevator Company Growth Trajectory

The company’s total revenue has increased by ₹16.10 crore and 39.63%, from ₹40.63 crore in the fiscal year ended 31 March 2024 to ₹56.74 crore in the fiscal year ended 31 March 2025, which comprises revenue from the sale of a variety of elevator products as sold by the company along with AMC costs and others. The overall turnover has increased as a result of new bulk orders as well as other corporates and better capacity utilisation.

Net profit has increased by ₹5.77 crore and 181.98% from ₹3.17 crore in the fiscal year ended 31 March 2024 to ₹8.94 crore in the fiscal year ended 31 March 2025. Net profit increased due to increased efficiency and increased margin on account of an increase in the scale of operations.

L.T. Elevator Company Market Position

The company is well known through their brands named ― ‘L. T. Elevator’ and ‘Park Smart’― in the eastern part of India in the elevator and vehicle parking system industry. The brands and their company’s experience have helped them earn the trust and goodwill of their clients, which further influences prospective clients’ decisions. Their well-established and recognisable brand and the reputation they have built has and will enable them to increase their clientele list in the future. With a rich history of their promoters and the company spanning over two decades, they have emerged as a pioneering force in tailor-made vertical transportation systems. Their sustained market presence has not only facilitated their expansion but has also positioned them as a reliable partner for providing safe vertical transportation systems.

As on 31st March, 2025, the company’s Total Income, Profit After Tax, and EBITDA stood at ₹56.739 crores, ₹8.943 crores, and ₹15.228 crores, respectively.

How to check allotment status of L. T. Elevator IPO?

Visit the Registrar's Website

To check the IPO allotment status for L. T. Elevator Limited IPO, visit the official website of Cameo Corporate Services Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.
On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'L. T. Elevator Limited' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  Your L. T. Elevator Limited IPO allotment status will be displayed.

Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check L. T. Elevator Limited IPO allotment status.

Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  Then click 'Submit'. Your L. T. Elevator Limited IPO bid and allotment details will be displayed.
  

How to apply for L. T. Elevator IPO?

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.