Lt Elevator IPO Listing: The shares of LT Elevator providing elevator system solutions were made on BSE SME today. Its IPO also received a great response from investors and overall it received more than 182 times bid. Shares have been issued at a price of ₹ 78.00 under IPO. Today it has entered ₹ 136.10 on BSE SME i.e. IPO investors got 74.49% listing gains. Share and climb up after listing. It jumped up to ₹ 142.50 (Lt Elevator Share Price) i.e. IPO investors are now 82.69% profitable.
How will LT Elevator IPO spend
LT elevator opened ₹ 39.37 crore IPO for subscription from 12-16 September. This IPO received the investors’ Dhansu Response and overall it was subscribed to 182.95 times. It had a share of 95.10 times (X-venkar), non-institutional investors (NII), 356.16 times the share reserved for qualified institutional buyers (QIB), and 158.90 times the share of retail investors. Under this IPO, 50.48 lakh new shares with face value of ₹ 10 have been issued. Out of these shares, ₹ 8.80 crore subsidiary park will be spent in smart solutions, ₹ 20.00 crore working capital needs and rest of the money will be spent on common corporate objectives.
About Lt Elevator
The LT elevator was built in August 2008 and provides the elevator system solutions. It handles the work of installing elevators to installing them and annual maintenance. Talking about the financial health of the company, it has been strongly strengthened. In FY 2023, it made a net profit of ₹ 1.25 crore, which jumped in the next financial year 2024 to ₹ 3.17 crore and ₹ 8.94 crore in FY 2025. During this period, the company’s total income increased to ₹ 56.74 crore from the compound rate (CAGR) of more than 27% annually. During this period, the loan on the company also increased continuously and in the end of FY 2023, ₹ 13.64 crore and ₹ 14.02 crore in the last of FY 2024 reached ₹ 17.30 crore in the last of FY 2025. Talking about the reserve and surplus during this period, it rose ₹ 2.96 crore in the last of FY 2023 and ₹ 6.13 crore in the end of FY 2024 to ₹ 31.77 crore in the last of FY 2025.