
Industrials / Engineering · BSE
L. T. Elevator Limited, incorporated in August 2008, provides complete elevator system solutions with a strong focus on quality, service, and technical expertise. The company is engaged in manufacturing, installing, commissioning, and maintaining elevators, while also offering EPC (engineering, procurement, and construction) and O&M (operations and maintenance) services under its “Customer First” philosophy. Its product range includes elevators, manual elevators, and semi-automatic elevators, designed with innovative modular features and backed by 24/7 service support. With an in-house testing lab managed by qualified professionals, the company ensures strict quality checks and integrates technology with professional management to deliver efficient and reliable solutions. Its manufacturing facility in Chakchata, West Bengal, has the capacity to produce 800 elevators annually, equipped with modern machinery, sustainable practices, and an innovation-driven approach. As of March 31, 2025, the company employed 319 people.
Price Band
₹76 – ₹78
Issue Size
₹39.37 Cr
Lot Size
1600 shares
GMP
+57.7%
Est. Listing
₹123
at current GMP
Subscribed
183.07x
overall
Open
12 Sep 2025
Close
16 Sep 2025
Allotment
17 Sep 2025
Refund
18 Sep 2025
Demat Credit
19 Sep 2025
Listing
19 Sep 2025
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
17 Sep 2025
Basis finalization
Refunds Initiate
18 Sep 2025
Mandate release
Demat Credit
19 Sep 2025
Shares in demat
Listing Debut
19 Sep 2025
Trading begins
L.T. Elevator Limited is bringing an initial public offering (IPO) in the Industrials / Engineering sector with an aggregate issue size of ₹39.37 Crores. The shares are offered at a price band of ₹76 to ₹78 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-09-16, the basis of allotment is scheduled to be finalized on 2025-09-17. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.