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LT Elevator IPO is a Book Building IPO listing on BSE SME exchange, with an ipo size of ₹ 39.37 Cr. The company is based in Kolkata and caters to Engineering sector. Horizon Management is the merchant banker of LT Elevator IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th May 2025. LT Elevator IPO open date is 12th September 2025 and close date is 16th September 2025. IPO Allotment Date is 17th September 2025 and Listing date is 19th September 2025.
IPO
Size:
₹ 39.37 Cr.
Avg IPO Size (Sector Based)
: ₹
25.15 cr.
Sector: Engineering
SME
IPO so far:
112
Merchant Banker:
Horizon Management
SME
IPO by BRLM so far:
20
City:
Kolkata
SME
IPO so far:
83
Revenue (annualised):
₹
56.52
cr. 
PE
Ratio:
16.71x
Average Sector PE Ratio: 15.33x
LT Elevator IPO size is ₹ 39.37 Cr. with IPO price of ₹ 78.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
| Particulars | Amount |
|---|---|
| Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement | 8 |
| General corporate purposes | [●] |
Horizon Management Private Limited is the book-running lead manager of the LT Elevator IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Rainbow Securities Private Limited for LT Elevator IPO.
LT Elevator IPO anchor investors are the below investors. The number of anchor investors in this IPO is 5.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Fortune Hands Growth | 204,800.00 | ₹ 78.00 | ₹ 15,974,400.00 |
| Saint Capital Fund | 129,600.00 | ₹ 78.00 | ₹ 10,108,800.00 |
| Invicta Continuum Fund | 684,800.00 | ₹ 78.00 | ₹ 53,414,400.00 |
| RMS Growth Fund | 129,600.00 | ₹ 78.00 | ₹ 10,108,800.00 |
| India Max Investment | 288,000.00 | ₹ 78.00 | ₹ 22,464,000.00 |
LT Elevator IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
LT Elevator IPO, based in Kolkata, operates in the Engineering sector with a focus on provider of high-quality elevator system solutions. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. LT Elevator IPO size is ₹ 39.37 Cr. with fresh issue size of ₹ 39 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for LT Elevator IPO is expected to be 17th September 2025, after the finalization of basis of allotment. Investors can check LT Elevator IPO allotment status on the registrars website, Cameo Corporate Services Limited . LT Elevator IPO refund dates are 18th September 2025.
LT Elevator IPO is expected to be listed on 19th September 2025.
The upper price band for the LT Elevator IPO is set at ₹ 78.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on LT Elevator IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the LT Elevator IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 16th September 2025. After submission, funds are blocked until the basis of allotment of LT Elevator IPO is finalised.
The merchant banker for LT Elevator IPO is Horizon Management Private Limited . Horizon Management Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the LT Elevator IPO RHP for further details.
The registrar for LT Elevator IPO is Cameo Corporate Services Limited . Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to LT Elevator IPO through their official website or helpline.
LT Elevator IPO was subscribed 182.95 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
₹ 39.37 Cr.
Avg IPO Size (Sector Based)
:
₹ 25.15 Cr.
Sector: Engineering
SME
IPO so far:
112
Merchant Banker:
Horizon Management
SME
IPO by BRLM so far:
20
City:
Kolkata
SME
IPO so far:
83
Revenue (annualised):
₹ 56.52 cr.
PE
Ratio:
16.71x
Average Sector PE Ratio: 15.33x
LT Elevator IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on LT Elevator Financial Review Page
Merchant Banker(s) of LT Elevator IPO: Horizon Management Private Limited
LT Elevator IPO subscription was 182.95 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
LT Elevator IPO listed at a listing price of 136.10 against the offer price of 78.00.
The current market price of LT Elevator is 153.70.
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