L.T. Elevator came to market through an SME IPO that opened on 12 September 2025 and closed on 16 September 2025, and the shares listed on 19 September 2025 on BSE SME. The price band was ₹76 to ₹78 per share and one lot was 1600 shares, so the minimum application was ₹1,24,800. The issue size was ₹39.37 crore. The whole issue was fresh shares, so the money raised went to the company.
Cameo Corporate Services Limited was the registrar to the issue, and Horizon Management Pvt Ltd was the lead manager.
As of 16 September 2025.
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Established in August 2008, L. T. Elevator Limited offers quality solutions for Elevator systems with a focus on better service, engineering, and technical solutions.The company provides end-to-end solutions such as manufacturing, installation, commissioning, and annual maintenance of elevators. L.T. Elevator offers EPC (engineering, procurement, construction) and O&M (operations, maintenance) services with a 'Customer First Philosophy'.
The company provides a product range with innovative modular design, high-end engineering, and 24/7 support services.The organization has an in-house test laboratory for quality inspection under the supervision of trained personnel. They combine professional management with technology for improved performance, industry knowledge, and tested experience to better serve our customers. Product Portfolio: 1. Elevators 2. Manual elevators 3. Semi-Automatic elevators The manufacturing unit of the company is located in Chakchata, West Bengal.
The manufacturing unit manufactures 800 elevators every year, using new-age equipment, ensuring quality control, adopting green practices, and acting as an R&D hub.As of March 31, 2025, 319 persons are on the payroll of the Company.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Arvind Gupta, Usha Gupta, Yash Gupta.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
L.T. Elevator IPO was a ₹39.37 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹76–₹78 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,49,600). The IPO was open from September 12 to September 16, 2025 and was subscribed 183.07x. Shares listed on BSE SME on September 19, 2025 at ₹136.10, a 74.5% premium to the issue price of ₹78. Cameo Corporate Services Limited is the registrar.
Horizon Management Pvt Ltd is the book running lead manager.
The price band of L.T. Elevator IPO is ₹76 to ₹78 per share.
The lot size of L.T. Elevator IPO is 1600 shares.
The minimum investment for L.T. Elevator IPO is approximately ₹2,49,600 based on the upper price band.
The allotment date of L.T. Elevator IPO is Sep 17, 2025.
L.T. Elevator IPO's final recorded GMP before listing was ₹32 per share (a 41% premium over the ₹78 upper price band). The shares listed at ₹136.1. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check L.T. Elevator IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the L.T. Elevator IPO allotment status on Rupix for quick and easy access.
₹76 to ₹78 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,24,800. After listing, SME shares also trade in lots rather than one share at a time.
₹1,24,800, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 September 2025 and closed on 16 September 2025.
The basis of allotment was published on 17 September 2025 by Cameo Corporate Services Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 September 2025 on BSE SME.
The issue size was ₹39.37 crore. The fresh issue was 50,48,000 shares (aggregating up to ₹39.37 crore).