IPOName: LT Elevator Ltd; ListingDate: 19 Sep 2025; IssueSize: ₹39.37 Cr; PriceBand: ₹76–₹78; OpenDate: 12 Sep 2025; CloseDate: 16 Sep 2025; LotSize: 1,600; Exchange: BSE SME; IssueType: Book Built; FaceValue: ₹10; Registrar: Cameo Corporate Services Ltd.
LT Elevator Ltd IPO: Price Band, Financials & Investor Review
Introduction:
LT Elevator Ltd, a manufacturer and service provider in the vertical transportation industry (elevators, escalators, moving walkways), is coming out with its SME IPO starting **12 September 2025** and closing on **16 September 2025**. The issue is entirely a fresh issue, priced in the band of **₹76-78 per share**, with a lot size of **1,600 shares**. Listing is expected on the **BSE SME** platform on **19 September 2025**. :contentReference[oaicite:0]{index=0}
For comparable SME IPOs, check our analysis of Sampat Aluminium IPO. These can give useful context on subscription trends. :contentReference[oaicite:1]{index=1}
IPO Details Table
| Parameter | Details |
|---|---|
| Issue Size | ₹39.37 Cr |
| Price Band | ₹76 – ₹78 |
| Lot Size | 1,600 shares |
| Opening Date | 12 Sep 2025 |
| Closing Date | 16 Sep 2025 |
| Listing Date | 19 Sep 2025 |
| Face Value | ₹10 per share |
| Exchange | BSE SME |
| Registrar | Cameo Corporate Services Ltd. |
Company & Business Profile
LT Elevator Ltd, founded in 2008, offers end-to-end solutions for vertical transportation: manufacturing, installation, commissioning, and servicing of elevators and escalators. The company also has a subsidiary, Park Smart Solutions, engaged in multi-level parking systems. With a manufacturing facility in West Bengal capable of producing ~800 elevator units annually, certified quality labs, and presence across several states, it positions itself well in India’s real estate and infrastructure boom. :contentReference[oaicite:2]{index=2}
Recent SME IPOs like Euro Pratik Sales IPO Subscription Update also reflect strong appetite in niche industrial segments, hence investor sentiment for LT Elevator might follow similar patterns. :contentReference[oaicite:3]{index=3}
Financial Snapshot
| Year Ended Mar | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
|---|---|---|
| FY25 | ₹56.5 Cr | ₹8.9 Cr |
| FY24 | ₹40.1 Cr | ₹3.2 Cr |
| FY23 | ₹26.7 Cr | ₹0.67 Cr |
Strengths & Risks
- Strengths: Fast growth (both revenue & profit), established production capacity, diversified offerings including parking subsystem via subsidiary, quality standards (labs, ISO etc.).
- Risks: Dependency on raw material cost fluctuations (steel, electronic controls etc.), execution risk for expansion and servicing contracts; SME IPO risks like lower liquidity; regional infrastructure project delays could affect order flows.
Investment View
For the typical IPO Investor, LT Elevator appears to offer a compelling value: solid fundamentals, meaningful profit growth, and a reasonable issue price.
If subscription is strong, there may be listing gain opportunities. For long-term perspective, consider the order book growth and ability to scale maintenance & installation services reliably.
Conclusion
LT Elevator Ltd’s SME IPO is well-timed given macro trends in real estate, smart buildings, and urban infrastructure. With a healthy financial track record, established operations, and a clear use of funds, it may appeal to investors seeking both growth and reasonable valuation. But as with any SME IPO, liquidity and execution risks remain.
Disclaimer: This post is for informational purposes only and should not be considered financial advice. Always consult a financial advisor before investing.
0 Comments