L. T. Elevator IPO
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Schedule of L. T. Elevator
| Issue open date | 12 Sep 2025 |
| Issue close date | 16 Sep 2025 |
| UPI mandate deadline | 16 Sep 2025 (5 PM) |
| Allotment finalization | 17 Sep 2025 |
| Refund initiation | 18 Sep 2025 |
| Share credit | 18 Sep 2025 |
| Listing date | 18 Sep 2025 |
| Mandate end date | 01 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 17 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 16 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About L. T. Elevator
L.T. Elevator provides elevator system solutions with focus on service, engineering and technical solutions. The company offers end-to-end solutions from elevator manufacturing, installation, commissioning and servicing under annual maintenance contracts. It provides EPC (engineering, procurement and construction) and O&M (operations and maintenance) services to customers. Park Smart Solutions, their subsidiary, specializes in automated multi-level car parking systems.
Financials of L. T. Elevator
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹39.37 crores |
| Fresh Issue | ₹39.37 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 20.00 (50.80%) |
| Investment in subsidiary Park Smart Solutions for working capital | 8.80 (22.35%) |
| General Corporate Purposes | 10.57 (26.84%) |
Strengths
- Manufacturing plant equipped with the latest machinery and technology to design, manufacture and install its products.
- Experienced and technically advanced manpower.
- Strong brand recognition and reputation for excellence in manufacturing of customized elevators.
- Wide range of products offered.
- Strong relationship with international suppliers of raw materials.
- Well-equipped R&D and quality control process.
Risks
- Manufacturing facility located in a single location creating operational risk
- Dependence on obtaining and renewing various approvals and licences.
- Reliance on stable logistics and transportation infrastructure for operations
- Seasonal and other fluctuations affecting cash flows and business operations
- Outstanding legal proceedings involving the company and directors
- Unsecured loans from related parties repayable on demand affecting cash flows
Allotment Status for L. T. Elevator
To check your allotment status – click here.