L.T. Elevator Ltd IPO
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L. T. Elevator Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 50.48 L | TBA | TBA | ₹ 119.51 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 08 Sep, 25 | 10 Sep, 25 | TBA | TBA | Book Building - SME | 15 Sep, 25 |
L. T. Elevator Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 5048000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
L. T. Elevator Ltd Financial Status
Income Statement
Balance Sheet
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 quality Elevator system solutions with focus on superior 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 the innovative 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.
Peer Comparison:
- L. T. Elevator Ltd.
- Aaron Industries Limited
L. T. Elevator Ltd IPO Key Points
Strengths
- 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.
Risk
- 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.
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.
- 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.
How To Apply for L.T. Elevator Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
