L. T. Elevator Ltd IPO

The IPO opens on 12 Sept 2025 & closes on 16 Sept 2025.

L.T. Elevator Limited was incorporated on August 27, 2008 as a private limited company as L. T. Elevator Private Limited', by a certificate of incorporation dated August 27, 2008 issued by the Deputy Registrar of Companies, Kolkata. The Company acquired the proprietorship concern, 'L. T. Engineering' along with all assets, liabilities and business in 2014. Further, Company was converted into a public limited company and the name of Company was changed to L. T. Elevator Limited'. A fresh certificate of incorporation dated July 16, 2024 was issued by the Registrar of Companies, Central Processing Centre. L. T. Elevator was founded by Arvind Gupta, having rich experience and technology background in year 2008, to provide quality Elevator system solutions. Company provide quality Elevator system solutions with focus on superior service, engineering and technical solutions. It offer end to end solution starting from elevator manufacturing, installation, commissioning and servicing under annual maintenance contract. Further, it runs a product line with the innovative modular design and advanced engineering and commitment to provide 24 x 7 service back-up. These products are designed on the energy efficiency and safety aspect of transporting people. Apart from this, the Company incorporate proven logistics expertise and latest innovative designs in vertical transportation system. The vertical transportation system is preferred by residential complexes, shopping malls and commercial buildings. Customers range from public sector entities including railways, private corporates as well as standalone projects for individuals. Company has presence in eastern part of India in automated vertical transportation system and is undertaking major projects in Silchar and Imphal smart cities. The Company has acquired 100% stake in Park Smart Solutions Limited on December 30, 2024, which became a subsidiary of Company in FY24. The Company also providing various types of parking systems namely; Stack Parking, Puzzle Parking and Aisle Parking System; giving our customers a variety of parking options suitable to their needs. Company is planning to issue 51,00,000 equity shares through fresh issue by way of initial public offer.

L. T. Elevator Ltd IPO will close on 16 Sept 2025.

<ul><li>One of the leading companies in elevators and vertical transportation.</li><li>Geographical presence and strategic location of our manufacturing unit.</li><li>Quality Assurance and Quality Control of our products.</li><li>Strong, cordial & long-term relationship with our customers.</li><li>Cost effective production and timely fulfilment of orders.</li><li>Well experienced management team with proven project management and implementation skills.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Arvind Gupta</td> <td>8650545</td> <td>61.29</td> <td>8650545</td> <td>45.14</td> </tr> <tr> <td>2</td> <td>Usha Gupta</td> <td>3233476</td> <td>22.91</td> <td>3233476</td> <td>16.87</td> </tr> <tr> <td>3</td> <td>Yash Gupta</td> <td>66620</td> <td>0.47</td> <td>66620</td> <td>0.35</td> </tr> </tbody> </table>

<ul><li>The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.</li><li>There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.</li><li>Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of our Equity Shares by our Promoters or Promoter Group may adversely affect the trading price of our Equity Shares.</li><li>Our Company has not paid any dividends till now and there can be no assurance that we will pay dividends in future.</li><li>Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.</li><li>The Investors may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.</li><li>Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.</li><li>Foreign investors may be restricted in their ability to purchase or sell Equity Shares.</li><li>Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.</li><li>The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.</li><li>Our Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.</li><li>Inability to obtain Bank Statement for Shares Issue under Right Issue in the year 2012 and 2014.</li><li>The company is Manufacturing Facility is located in Village Chakchata, P.O. Rajpur, P.S. Maheshtala, South 24 Parganas -700141, West Bengal. Any disruption, breakdown or shutdown of its ManufacturingFacility may have a material adverse effect on the company business, financial condition, results of operations and cash flow.</li><li>The company Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.</li><li>Failure to obtain or renew approvals, licenses, registrations and permits to operate the company business in a timely manner, or at all, may adversely affect its business, financial condition, results of operations and cash flows.</li><li>The company ability to anticipate changes in consumer preference, and industry trends and to meet customers' demands is a significant factor to remain competitive, any failure to identify and understand the trends may materially adversely affect its business.</li><li>The company has availed unsecured loans from related parties which are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect its cash flows.</li><li>The company lenders have charge over its movable and immovable properties in respect of finance availed by it.</li><li>The company is success depends on stable and reliable logistics and transportation infrastructure. Disruption of logistics and transportation services could impair the ability of the company suppliers to deliver materials or its ability to deliver materials to the company customers and/ or increase its transportation costs, which may adversely affect the company operations.</li><li>The company has incurred borrowings from commercial banks and an inability to comply with repayment andother covenants in financing agreements could adversely affect its business and financialcondition. the company has entered into agreements with a bank for short-term and long-term borrowings.</li><li>The company business is subject to seasonal and other fluctuations that may affect its cash flows and business operations.</li><li>The Company has negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.</li><li>Expansion into new geographic regions and markets may subject us to various challenges.</li><li>Latent defects in the company products may increase it's after-sales cost or its may suffer losses on account of replacements/ product recalls.</li><li>The company has issued Equity Shares in the last 12 (twelve) months at a price which may lower than the Issue Price.</li><li>The average cost of acquisition of Equity Shares by the company Promoters may be lower than the Issue Price.</li><li>The company revenues are highly dependent on clients located in India. Any decline in the economic health of India could adversely affect its business, financial condition and results of operations.</li><li>There have been instances of delays in payment of statutory dues, i.e. GST by the Company. In case ofany delay in payment of statutory due in future by the Company, the Regulatory Authorities may imposemonetary penalties on it or take certain punitive actions against the Company in relation to the same which may have adverse impact on its business, financial condition and results of operations.</li><li>There have been instances of delays in payment of statutory dues, i.e. ESIC by the Company. In caseof any delay in payment of statutory due in future by the Company, the Regulatory Authorities mayimpose monetary penalties on it or take certain punitive actions against the Company in relation tothe same which may have adverse impact on its business, financial condition and results of operations.</li><li>There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC.</li><li>The company is may not be able to successfully manage the growth of its operations and execute the company growth strategies which may have an adverse effect on its business, financial condition, results of operations and future prospects.</li><li>The company share its registered office and part of factory premises with its Subsidiary Company.</li><li>The company is continued success is dependent on its senior management and skilled manpower. the company inability to attract and retain key personnel may have an adverse effect on its business prospects.</li><li>If its unable to manage/arrange funds to meet the company working capital requirements, there may be an adverse effect on its results of operations.</li><li>Inability to Obtain NOCs from Certain Lenders.</li><li>The company is dependent upon the business experience and skill of the company promoters, key managerial personnel and senior management personnel. Loss of its Senior Management or the company inability to attract or retain such qualified personnel, could adversely affect its business, results of operations and financial condition.</li><li>The company Past and Ongoing Related Party Transactions May Involve Potential Conflicts of Interest and Could Adversely Affect its Business and Financial Condition.</li><li>The company management will have broad discretion in how its apply the Net Proceeds, including interim use of the Net Proceeds, and there is no assurance that the objects of the Offer will be achieved within the time frame expected or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment.</li><li>In addition to its existing indebtedness for the company operations, its may be required to obtain further loan during the course of business. There can be no assurance that the company is would be able to service its existing and/or additional indebtedness.</li><li>The company customers may claim against it and/or terminate the company services in whole or in part prematurely, if its fail to satisfy their requirements and expectations or for any other reason.</li><li>Shortage or non-availability of essential utilities such as electricity could affect the company manufacturing operations and have an adverse effect on its business, results of operations and financial condition.</li><li>If the company is unable to source business opportunities effectively, its may not achieve the company financial objectives.</li><li>Employee misconduct or errors could adversely affect the company business, and its may not always be able to detect or prevent such incidents.</li><li>Its Promoters and some of the company Directors are interested in the Company, in addition to regular remuneration or benefits and reimbursement of expenses.</li><li>Major fraud, lapses of internal control or system failures could adversely impact the company's business.</li><li>Its may not be successful in implementing the company business strategies. </li><li>Some of the approvals are required to be updated consequent to the change in the name of the Company.</li><li>The company is business requires it to obtain and renew certain licenses and permits from government, regulatory authorities and other national/ international corporations and the failure to obtain or renew them in a timely manner may adversely affect its business operations.</li><li>The intellectual Property Rights used by the company are registered in the name of the company, but any infringement of third-party intellectual property rights or failure to protect our intellectual property rights may adversely affect its business.</li><li>The company insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.</li><li>Brand recognition is important to the success of its business, and the company is inability to build and maintain its brand names will harm the company business, financial condition and results of its operation.</li><li>The company is inability to effectively manage project execution and milestone schedules may lead to project delays which may adversely affect its business and the result of operations.</li><li>An inability to manage the company growth could disrupt its business and reduce the company profitability.</li><li>Its may not be able to secure new contracts and/or customers.</li><li>The company is current Order Book does not guarantee full realization of future income.</li><li>The Promoter and Promoter Group will continue to exercise control post completion of the Issue and will have considerable influence over the outcome of matters.</li><li>The company is subject to risks arising from interest rate fluctuations, which could adversely affect its business, financial condition and results of operations.</li><li>The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.</li><li>The requirements of being a public listed company may strain its resources and impose additional requirements.</li><li>In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect its revenues and results of operations.</li><li>There is no guarantee that its Equity Shares will be listed on the SME Platform of BSE Limited in a timely manner or at all.</li><li>The Issue Price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue.</li><li>After this Issue, the price of the company Equity Shares may be volatile, or an active trading market for its Equity Shares may not be sustained.</li><li>The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.</li><li>There are restrictions on daily movements in the price of the Equity Shares, which may adverselyaffect a shareholder's ability to sell, or the price at which it can sell, Equity Shares at a particular point in time.</li><li>Any future issuance of Equity Shares may dilute the investors' shareholdings or sales of the company Equity Shares by its Promoters or Promoter Group may adversely affect the trading price of the company Equity Shares.</li><li>The Company has not paid any dividends till now and there can be no assurance that we will pay dividends in future.</li><li>The company is ability to pay dividends in the future will depend upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company financing arrangements.</li><li>The Investors may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.</li><li>Applicants to this Issue are not allowed to withdraw their Applications after the Issue Closing Date.</li><li>Foreign investors may be restricted in their ability to purchase or sell Equity Shares.</li><li>Rights of shareholders under Indian law may be more limited than under the laws of other jurisdictions.</li><li>The investors may be restricted in their ability to exercise pre-emptive rights under Indian law and may be adversely affected by future dilution of their ownership position.</li><li>The company is Equity Shares are quoted in Indian Rupees in India, and therefore investors may be subject to potential losses arising out of exchange rate risk on the Indian Rupee and risks associated with the conversion of Indian Rupee proceeds into foreign currency.</li></ul>

The Issue type of L. T. Elevator Ltd is Book Building - SME.

The minimum application for shares of L. T. Elevator Ltd is 3200.

The total shares issue of L. T. Elevator Ltd is 5048000.

Initial public offer of upto 50,48,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 78 per equity share (including a share premium of Rs. 68 per equity share) for cash, aggregating up to Rs. 39.37 crores ("public issue") out of which 2,52,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 78 per equity share for cash, aggregating Rs. 1.97 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The public issue less market maker reservation portion i.e. issue of 47,95,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 78 per equity share for cash, aggregating up to Rs. 37.40 crores is hereinafter referred to as the "net issue". The public issue and net issue will constitute 26.34% and 25.02% respectively of the post- issue paid-up equity share capital of the company. A pre-ipo placement of 4,48,000 equity shares was undertaken by the company, in consultation with the book running lead managers, as permitted under applicable law, aggregating to Rs. 3.49 crores ("pre-ipo placement"). The pre-ipo placement was at a price decided by the company, in consultation with the book running lead managers and was completed with the roc. The amount raised pursuant to the pre-ipo placement was reduced from the issue, subject to compliance with rule 19(2)(b) of the scrr and the revised issue size aggregates up to 50,48,000 equity shares. the pre-ipo placement did not exceed 20% of the size of the issue.