L.T. Elevator IPO Subscription Day 2
Posted by : sachet | Mon Sep 15 2025
Check Expert’s Verdicts on L.T. Elevator IPO
Here, the L.T. Elevator IPO launched on 12th September 2025. The issue will be closed for bidding today, on 16th September 2025. The primary aim of the L.T. Elevator IPO is to raise ₹39.37 crores from the market. Additionally, L.T. Elevator IPO has received an impressive level of subscription, which suggests that the shares will be listed at a remarkable premium. Scroll down to check the L.T. Elevator IPO subscription and details.
L.T. Elevator IPO Details
| IPO Open Date | 12th September 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹78 per share |
| Lot Size | 1,600 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & SME |
| IPO Close Date | 16th September 2025 |
| Listing Date | 19th September 2025 |
The price band for L.T. Elevator IPO has been prescribed as ₹76 to 78 per share, with a total of 50,48,000 shares issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | % Shares offered |
| Market Maker Shares Offered | 2,52,800 | 5.01% |
| QIB Shares Offered | 23,96,800 | 47.48% |
| NII (HNI) Shares Offered | 7,20,000 | 14.26% |
| Retail Investors | 16,78,400 | 33.25% |
| Total Shares Offered | 50,48,000 | 100.00% |
L.T. Elevator IPO Subscription Status
As of now, the L.T. Elevator IPO has been subscribed to 4.20 times. Of these, 5.98 times are subscribed by retail investors, 6.11 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of the L.T. Elevator IPO listing on 19th September 2025. L.T. Elevator also has a positive outlook behind the fresh issue of 0.50 crore shares, which is expected to raise around Rs 39.37 crore.
L.T. Elevator IPO GMP Today
We know that higher subscription prices encourage grey market premiums for IPOs. Let’s explore the L.T. Elevator IPO GMP for 15th September 2025.
The grey market premium for this IPO is 32.05% or Rs 25 per share. It indicates that the estimated listing price per share is Rs 103. Numerous factors played a pivotal role in this jump in the L.T. Elevator IPO GMP. These include higher subscription rates received, positive market sentiments, and investors’ positive attitude towards IPOs.
About L.T. Elevator Ltd.
L.T. Elevator Limited was established 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.
L.T. Elevator Limited Financials
The company’s financial analysis is crucial before applying for the L.T. Elevator IPO. Refer to the table to learn about L.T. Elevator Limited’s financials.
| Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 86.99 | 42.78 | 42.68 |
| Revenue | 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 |
| Reserve and surplus | 31.77 | 6.13 | 2.96 |
| Total Borrowing | 17.30 | 41.02 | 13.64 |
Explanation
L.T. Elevator Limited’s revenue increased by 40% from ₹40.63 crores in March 2024 to ₹56.74 crores in March 2025. Moreover, the company’s PAT rose by 182% from ₹3.17 crores to ₹8.94 crores.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of L.T. Elevator Limited.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 12.31 |
| EPS (Earnings Per Share) | 6.34 |
| RoNW | 19.68% |
| ROCE | 30.50% |
| ROE | 20.52% |
| EBITDA Margin | 26.94% |
| Price to Book Value | 2.35 |
| Market Capitalisation | ₹149.47 Cr |
L.T. Elevator IPO Listing Expectations
The L.T. Elevator IPO allotment is still pending. However, according to current GMP or market sentiments, it is reasonable to expect higher listing gains from the share. A 32.05% jump in L.T. Elevator’s IPO GMP indicates that the estimated listing price per share will be approximately Rs 103.
It will provide higher listing gains to investors who applied for this IPO. Additionally, the financial fundamentals of this business made it the experts’ top long-term recommendation.
L.T. Elevator IPO Dates
| IPO Open Date | 12th September 2025 |
| IPO Close Date | 16th September 2025 |
| Allotment | 17th September 2025 |
| Refund Date | 18th September 2025 |
| IPO Listing Date | 19th September 2025 |
Note: IPO GMP is highly volatile, influenced by market sentiment. Hence, one should conduct their research before investing in it.
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