L. T. Elevator Ltd IPO

About L. T. Elevator Ltd

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.

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.

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.

Strengths

Risk

Strategy