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₹78 - 78
L. T. Elevator Ltd
Capital Goods-Non Electrical EquipmentIPOSME
₹78 - 78
Our Company provides Elevator system solutions with focus on service, engineering and technical solutions. We offer end to end solution starting from elevator manufacturing, installation, commissioning and servicing under annual maintenance contract. L. T. Elevator is solution provider offering EPC (engineering, procurement and construction) and O&M (operations and maintenance) services to our customers. We offer a product line with modular design and advanced engineering and commitment to provide 24 x 7 service back-up. Our products are designed with emphasis on the energy efficiency and the safety aspect of transporting people. We generally provide quality guarantee period of 12 months from the date of commissioning of products.
Lot1,600Min Invest₹2,49,600Face Value₹10Issue Size₹39 CrFresh Issue₹39 CrListing Price₹136CMP₹327
Timeline
12 Sept
Bidding opens
16 Sept
Bidding closes
17 Sept
Allotment
18 Sept
Refund & demat credit
19 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹39 Cr0.50 Cr shares
Fresh Issue₹39 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.98% · NII 15.02% · RETAIL 35%
Application Sizes
Retail₹2,49,6001-1 lots
sNII₹2,49,600from 2 lots
bNII₹11,23,200from 9 lots
Managers & Registrar
Lead ManagerHorizon Management Private Limited
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group84.67%62.36%Public15.33%37.64%
Objects of the Issue
- Working Capital Requirements
- Investment in subsidiary Park Smart Solutions Limited, for funding of its working capital requirement
- General corporate purposes(
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 25 | 34 | 40 | 55 | 111 |
| Operating ProfitCr | 2 | 4 | 6 | 12 | 26 |
| OPM% | 6.7 | 10.8 | 15.4 | 21.9 | 23.6 |
| PBTCr | 0 | 2 | 5 | 10 | 24 |
| PATCr | 0 | 1 | 3 | 7 | 17 |
| EPS | 0 | 1 | 3 | 5 | 9 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 5 | 5 | 14 | 19 |
| ReservesCr | 6 | 3 | 6 | 32 | 73 |
| BorrowingsCr | 14 | 14 | 14 | 17 | 20 |
| Total AssetsCr | 38 | 43 | 43 | 87 | 142 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 4 | 3 | -3 | -5 | -17 |
| Investing Cash FlowCr | -1 | -1 | 2 | 6 | 23 |
| Financing Cash FlowCr | -2 | -2 | 1 | -2 | 1 |
| Net Cash FlowCr | 0 | 0 | 0 | -1 | 7 |
Strengths & Risks
Strengths · as stated in the DRHP
- One of the leading companies in elevators and vertical transportation.
- Geographical presence and strategic location of our manufacturing unit.
- Quality Assurance and Quality Control of our products.
- Strong, cordial & long-term relationship with our customers.
- Cost effective production and timely fulfilment of orders.
- Well experienced management team with proven project management and implementation skills.
Strategies · as stated in the DRHP
- Market Penetration and Geographic Expansion.
- Embracing new technologies for Product Diversification and Innovation.
- Focus on our Quality Control.
- Marketing Strategy.
- Growing our business with existing clients with quality and efficient services.
- Reduction of operational costs and achieving efficiency.
Risks · as stated in the DRHP
- The investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- 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.
- 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.
- Our Company has not paid any dividends till now and there can be no assurance that we will pay dividends in future.
- 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.
- The Investors may be subject to Indian taxes arising out of capital gains on sale of Equity Shares.