LT Elevator IPO Subscription Status

The LT Elevator IPO witnessed an overwhelming response, getting subscribed 182.95 times on its final day (16 September 2025) by 5:00 PM.

• Qualified Institutional Buyers (QIBs): subscribed 95.10 times
• Non-Institutional Investors (NII): subscribed 356.16 times
• Retail Individual Investors (RII): subscribed 158.90 times

By the end of the bidding period, the company had received 61,44,22,400 bids against the total 33,58,400 shares on offer, reflecting robust demand across all investor categories.

Day-wise subscription trend:

• Day 1 (Sept 14, 2025): 0.68x subscription
• Day 2 (Sept 15, 2025): 4.50x subscription
• Day 3 (Sept 16, 2025): 182.95x subscription

About LT Elevator Limited

Established in August 2008, L. T. Elevator Limited is among India’s key players in the elevator and vertical transportation solutions market. The company specializes in design, manufacturing, installation, commissioning, and maintenance of elevators and has steadily built a reputation for safety, reliability, and energy efficiency.

• Production Capacity: Modern plant in West Bengal with an annual capacity of 800 elevators.
• Product Portfolio: Passenger, goods, hospital, and home elevators, available in both manual and automatic variants.
• Geographical Presence: Strong footprint in Bhubaneswar, Delhi, Patna, and Guwahati, with ongoing projects in Silchar and Imphal under smart city initiatives.
• Client Base: Residential complexes, commercial buildings, shopping malls, and public-sector undertakings including Indian Railways.
• Certifications & R&D: Holds ISO 14001:2015 certification, with dedicated in-house R&D and testing facilities to ensure international safety standards and energy efficiency.
• Workforce: Around 319 employees as of 2025, including skilled engineers and service staff.

Financial Highlights

LT Elevator has demonstrated strong financial growth over the past year:

• Revenue: ₹56.74 crores in FY2025 compared to ₹40.63 crores in FY2024, a jump of ~40%.
• Profit After Tax: ₹8.94 crores in FY2025 versus ₹3.17 crores in FY2024, more than double the previous year’s profit.
• EBITDA Margin: Improved to an estimated 18% in FY2025, reflecting better operational efficiency.

Grey Market Premium (GMP)

As of Tuesday, 16 September 2025, the LT Elevator IPO GMP stood at ₹25, suggesting that the IPO shares were trading in the grey market at approximately ₹103, which is a ₹25 premium over the issue price of ₹78.

This strong GMP indicates high investor interest and potential listing gains, complementing the company’s solid fundamentals and promising growth outlook.