L&T Elevator IPO Overview
L&T Elevator Limited, a leading player in elevator
manufacturing and installation, has launched its IPO on the BSE SME platform.
The IPO seeks to raise ₹39.37 crore through the issuance of 50,48,000 equity
shares, offering investors fresh opportunities to participate in India's
growing infrastructure segment.
IPO Timeline & Subscription
|
Event |
Date |
|
IPO Open Date |
September 12, 2025 |
|
IPO Close Date |
September 16, 2025 |
|
Allotment Finalization |
September 17, 2025 |
|
Refunds Initiated |
September 18, 2025 |
|
Credit to Demat Account |
September 18, 2025 |
|
Listing Date |
September 19, 2025 |
|
Category |
Shares Offered |
% |
|
Qualified Institutional Buyers |
960,000 |
19.02 |
|
Retail Individual Investors |
1,678,400 |
33.25 |
|
Non-Institutional Investors |
720,000 |
14.26 |
|
Anchor Investors |
1,436,800 |
28.46 |
|
Total |
5,048,000 |
100.00 |
IPO Details
|
Particular |
Details |
|
Price Band |
₹76 – ₹78 per share |
|
Minimum Lot Size |
1,600 shares |
|
Minimum Investment |
₹1,24,800 |
|
Issue Size |
₹39.37 crore |
|
Issue Type |
Book Built |
|
Face Value |
₹10 per equity share |
|
Promoter Holding (Pre) |
85.14% |
|
Promoter Holding (Post) |
62.71% |
Objectives & Use of Proceeds
|
Purpose |
Amount (₹ Crore) |
% of Total |
|
Working Capital Requirements |
20.00 |
50.80 |
|
Investment in Subsidiary (Park Smart) |
8.80 |
22.35 |
|
General Corporate Purposes |
10.57 |
26.84 |
Financial Performance Snapshot
|
Year |
Revenue (₹ Cr) |
Expense (₹ Cr) |
PAT (₹ Cr) |
Assets (₹ Cr) |
|
2023 |
34.73 |
32.99 |
1.25 |
42.68 |
|
2024 |
40.63 |
36.06 |
3.17 |
42.78 |
|
2025 |
56.74 |
44.22 |
8.94 |
86.99 |
L&T Elevator IPO: Key Points for Investors
- IPO
price band is set at ₹76-78 per share, requiring a minimum
investment of ₹1.25 lakh for retail bidders.
- The
IPO targets to fund working capital, invest in its smart parking
subsidiary, and cover corporate expenses.
- Strong
revenue growth and improved profitability seen in FY2025, with a PAT
margin of over 15% and robust return ratios.
- The
company’s modern West Bengal plant can produce up to 800 elevators per
year and meets ISO 14001:2015 standards.
L&T Elevator’s IPO offers a chance to invest in India’s
growing infrastructure sector. With its pan-India presence and
technology-driven approach, the company aims for strong post-listing growth
prospects.
