L.T. Elevator Limited IPO

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L. T. Elevator Limited, originally incorporated as a private company on August 27, 2008, is headquartered in West Bengal. Founded by Arvind Gupta, who brings over 38 years of experience in the elevator and vertical transportation industry, the Company has evolved into a comprehensive solution provider, emphasizing innovation, safety, and customer-centric service.

Business Activities

L. T. Elevator is engaged in the manufacture, installation, commissioning, and servicing of elevators. It provides end-to-end solutions including EPC (Engineering, Procurement & Construction) and O&M (Operations & Maintenance) services.

a) Core Offerings: Passenger Elevators (Manual and Auto), Goods/Car Elevators, Home Elevators (Single Phase) and Hospital Elevators

b) Annual Maintenance Contracts (AMC): Ensuring ongoing servicing, breakdown support, and replacement of parts.

c) Subsidiary Business: Through its 100% subsidiary Park Smart Solutions Limited, the Company also offers Multi-Level Automated Car Parking Systems, including Stack Parking, Puzzle Parking, and Aisle Parking Systems.

Geographical Presence andCustomer Base

L. T. Elevator Limited has a strong presence in Eastern India, supported by sales and distribution offices in Bhubaneswar, Delhi, Patna, and Guwahati, with key projects in Silchar and Imphal Smart Cities. A significant portion of its revenue comes from West Bengal (93.55%), while the Company also caters to clients across Jharkhand, Chhattisgarh, Maharashtra, Assam, and Tripura. Its diverse customer base includes public sector entities (Railways and government institutions), private corporates (Commercial complexes, malls, and builders), and individual residential projects (Standalone residential and home elevators).

Future Outlook

The Company aims to:

i) Expand its manufacturing capacity and regional presence.
ii) Strengthen its after-sales and AMC business.
iii) Leverage its subsidiary Park Smart Solutions to capture opportunities in urban infrastructure and smart city projects.
iv) Utilize IPO proceeds to support working capital requirements and fuel growth.

Objects of the L.T. Elevator Limited IPO:

Company proposes to utilize the Net Proceeds from the Issue towards the following objects: 1. Working Capital Requirement (₹20 cr) 2. Investment in subsidiary Park Smart Solutions Ltd. for working capital requirement (₹8 cr) 3. General Corporate Purposes
DRHP of L.T. Elevator Limited IPO
RHP of L.T. Elevator Limited IPO

L.T. Elevator Limited IPO Details:

Open Date: Sep 12 2025
Close Date: Sep 16 2025
Total Shares: 50,48,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 39.37 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 76-78 Per Equity Share
Listing At: BSE SME

Promoters And Management:

1. Arvind Gupta, 60, is one of the Promoters and the Managing Director of the Company. He attended the University of Calcutta to pursue a Bachelor of Commerce degree. Associated with the Company since its incorporation, he has served as Managing Director since July 10, 2024. With more than 38 years of experience in the vertical transportation system, he currently oversees production and business development. 2. Usha Gupta, 56, is one of the Promoters and a Whole-time Director of the Company. An undergraduate by qualification, she has been associated with the Company since August 27, 2008. She has over 13 years of experience in management and administration and is presently responsible for customer relationship management and administration within the Company. 3. Yash Gupta, 35, is a Non-Executive, Non-Independent Director of the Company. He holds a Bachelor of Technology degree from The LNM Institute of Information Technology and a postgraduate diploma in Management from the Indian Institute of Management. He was previously associated with the Company as Chief Production Manager and brings over five years of experience. He has been associated with the Company since January 10, 2024.

Financials of L.T. Elevator Limited IPO:

Particulars FY2024-2025 FY 2023-2024 FY 2022-2023
Revenue from Operations 56.52 40.13 34.39
EBITDA 15.22 6.66 4.04
EBITDA Margins 26.94% 16.61% 11.77%
PAT 8.94 3.02 1.28
PAT Margins 15.82% 7.53% 3.73%
ROCE 30.50% 45.97% 29.38%
Debt to Equity Ratio(In Times) 0.38 1.3 1.8
Operating Cash Flows -2.78 -2.81 3.27

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
L. T. Elevator Ltd. 56.52 26.94% 15.82% 30.50% 0.38 149.47 16.72
Aaron Industries Limited 77.93 19.04% 15.21% 18.60% 0.74 423 56.9

Lead Manager of L.T. Elevator Limited IPO:

  1. Horizon Financial Pvt Ltd

Registrar of L.T. Elevator Limited IPO:

  1. Cameo Corporate Services Limited

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