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L T Elevator IPO
L. T. Elevator Ltd
₹1,21,600 /1600 sharesMinimum Investment
L T Elevator IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Sep ‘25 - 16 Sep ‘25 | ₹2,43,200 | 1,600 | ₹76 - ₹78 |
| Issue Size | IPO Doc |
|---|---|
| 39.37Cr | RHP PDF |
Subscription rate
As of 12 Sep'25, 06:01 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.88x |
| Retail Individual Investor | 0.84x |
| Total | 0.63x |
About L T Elevator
Founded in
2008
Managing director
Mr. Arvind Gupta
Parent organisation
L. T. Elevator Ltd
Strengths & Financials of L T Elevator
Strengths
Risks
The company is ISO 14001:2015 certified for environmental management systems.
The company claims to have an integrated production line supported by modern machinery, technical expertise, and advanced infrastructure. The company states that this setup allows it to optimise operations, reduce costs, improve customer service, and manage risks effectively.
The company claims that strong quality control is maintained at every stage, from raw material inspection to final product checks. The company also has an in-house laboratory, equipped with automated and mechanical testing machines that further strengthen these processes.
The company positions itself as a one-stop solutions provider for elevator needs. It handles manufacturing, installation, and commissioning, and also offers maintenance services, enabling strong customer relationships and referrals.
To ensure timely order fulfilment and cost efficiency, the company claims to focus on sourcing quality raw materials and maintaining smooth labour relations. The company also states that it has implemented efficient production systems and built reliable supplier networks.
Along with manufacturing and installation, the company provides maintenance and after-sales services. Customers receive free support for up to 18 months, followed by paid service options. The company claims that on-site maintenance and repair services help maintain regular customer interaction, fostering long-term relationships.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 34.39 crore in FY23 to Rs 40.14 crore in FY24 and Rs 56.52 crore in FY25. PAT increased from Rs 1.25 crore in FY23 to Rs 3.17 crore in FY24 and Rs 8.94 crore in FY25.
The company’s top 10 customers accounted for Rs 15.63 crore (27.55 percent) of the company’s total revenue in FY25, Rs 10.25 crore (25.54 percent) in FY24, and Rs 9.04 crore (26.27 percent) in FY23. Any loss of any of these clients, a failure to retain them, or any inability to remain competitive and anticipate consumer preferences could adversely affect the company’s operations and financial health.
The company derives a major portion of its revenue from the sale of automatic elevators. They accounted for Rs 22.83 crore (56.73 percent) of the company’s total revenue in FY25, Rs 24.74 crore (70.18 percent) in FY24, and Rs 15.29 crore (50 percent) in FY23. Any sudden slowdown in this segment or a decline in demand for automatic elevators could adversely affect the company’s operations and finances.
The company reported negative cash flows from operating activities amounting to Rs 2.82 crore in FY24 and Rs 2.78 crore in FY25. It also reported negative cash flows from investing activities amounting to Rs 6.26 crore in FY25 and Rs 0.51 crore in FY23. Furthermore, the negative cash flows from financing activities amounted to Rs 2.32 crore in FY23. The company also recorded a decrease in cash and cash equivalents amounting to Rs 0.09 crore in FY25 and Rs 0.02 crore in FY24. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company operates a single manufacturing facility in West Bengal, and all operations are carried out in this facility. Any disruption, shutdown, or breakdown at this facility could adversely affect the company’s operations and finances.
The company’s business relies on stable logistics and transportation systems. Any disruption in supply chain services could delay the delivery of raw materials or finished products, increase transportation costs, and negatively impact overall operations.
The company derives a significant portion of its revenue from West Bengal. The state accounted for Rs 26.62 crore (56.79 percent) of the company’s total revenue in FY25, Rs 28.04 crore (69.87 percent) in FY24, and Rs 23.31 crore (67.76 percent) in FY23. Any adverse political, economic, or social development in this region could negatively impact the company’s operations and financial condition.
The company’s revenue is primarily dependent on clients within India. A slowdown or decline in India’s economic condition could adversely affect its business and financial results.
As of FY25, the company’s total indebtedness amounted to Rs 14.52 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
L T Elevator Financials
*All values are in Rs. Cr
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Application Details of L T Elevator IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Individual investor | ₹76 - 78 | ₹2 - 5 Lakh |
For L T Elevator IPO, eligible investors can apply as Individual investor.