L T Elevator IPO Allotment Status: Check Latest GMP, Steps to Verify Status
L T Elevator Ltd. launched its Initial Public Offering (IPO) on September 12, 2025, for public subscription. The bidding window for the L T Elevator IPO closed on September 16, 2025. The allotment process is expected to be finalised today on September 17, 2025, with the company's shares set to be listed on BSE tentatively on Friday, September 19, 2025.
Steps to Check L T Elevator IPO Allotment Status on BSE
Here is the process to check the L T Elevator IPO Allotment Status on BSE:
- Open the Application Status page of BSE here
- Choose 'equity' as the issue type
- Select 'L T Elevator Ltd’ from the list of companies
- Enter your IPO application number and PAN details
- Verify the captcha by clicking on the 'I am not a Robot' box
- Click on the Submit button to check the details of the share allotment
L T Elevator IPO Details
L T Elevator IPO is a bookbuilding of ₹39.37 crores. The issue is entirely a fresh issue of 0.50 crore shares. The IPO price band is set at ₹76 to ₹78 per share. The minimum lot size for an application is 1,600, and the minimum investment amount required for a retail investor is ₹2,49,600 (3,200 shares) (based on the upper price).
Horizon Management Private Limited is the book-running lead manager of the L T Elevator IPO. At the same time, Cameo Corporate Services Limited is the registrar for the issue. The market maker for the IPO is Rainbow Securities Private Limited.
L T Elevator IPO Overall Subscription Status
(September 16, 2025, end of the day)
On Day 3, the L T Elevator IPO saw a subscription rate of 182.95 times. The public issue was subscribed to 158.90 times in the individual investors category, 95.10 times in the QIB category, and 356.16 times in the NII category.
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used towards the following purposes:
- To Meet Working Capital requirements.
- Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement.
- General corporate purposes.
L T Elevator GMP Details
According to Investorgain, the Grey Market Premium (GMP) of L T Elevator Ltd is ₹30 as of September 17, 2025, 06:00 a.m. This indicates that the shares of the company are likely to be listed at ₹108, with a premium of 38.46% over the upper end of the price band.
|
Source: Investorgain Media Report dated September 17, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
L T Elevator Ltd Business Overview
L T Elevator Ltd, founded in 2008, designs, manufactures, installs, and maintains elevators, along with providing automated multi-level car parking systems through its subsidiary Park Smart Solutions. It operates from a facility in West Bengal with a capacity of 800 units annually. The company’s revenue grew to ₹56.7 crore in FY25 from ₹40.6 crore in FY24, while PAT rose sharply to ₹8.9 crore from ₹3.2 crore.
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click here.