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The spotlight is on LT Elevator Ltd as its IPO allotment process concludes today, September 17, 2025. Following an overwhelming subscription rate of 182.95 times, investor anticipation is high, especially with the grey market premium (GMP) climbing to Rs 30. The allotment status can now be checked online, and successful applicants will see shares credited to their demat accounts by September 18. The listing is scheduled for September 19 on the BSE SME platform.
The IPO, which opened on September 12 and closed on September 16, has drawn significant interest across investor categories, with strong signals of a robust debut. LT Elevator’s offering of Rs 39.37 crore was entirely a fresh issue, priced between Rs 76 and Rs 78 per share.
Key Highlights From The IPO Process
- IPO allotment finalised on September 17, 2025
- Shares to be credited to demat accounts by September 18
- Refunds for non-allottees to begin immediately after allotment
- Listing date confirmed for September 19 on BSE SME
- GMP rises to Rs 30, indicating a potential listing price of Rs 108
- Overall subscription rate hits 182.95 times
Subscription Breakdown And Investor Response
The IPO witnessed enthusiastic participation across all categories:
- Qualified Institutional Buyers (QIB): 95.10 times
- Non-Institutional Investors (NII): 356.16 times
- Retail Individual Investors (RII): 158.90 times
The strong demand reflects investor confidence in LT Elevator’s business model, which focuses on manufacturing, installation, and maintenance of elevator systems. The company’s presence in smart city projects and public-sector infrastructure has further boosted its appeal.
Grey Market Premium And Listing Expectations
The GMP for LT Elevator IPO has steadily risen over the past week, reaching Rs 30 on the day of allotment. This suggests a potential listing price of Rs 108, representing a 38.46 percent premium over the upper band of Rs 78. Market watchers attribute the surge to high subscription levels and positive sentiment around infrastructure-linked businesses.
How To Check LT Elevator IPO Allotment Status Online
Investors can verify their allotment status through two primary platforms:
1. Cameo Corporate Services Ltd (Registrar)
- Visit the registrar’s IPO portal at ipo.cameoindia.com
- Select ‘LT Elevator’ from the dropdown menu
- Choose one of the following: Application Number, Demat Account, or PAN
- Enter the captcha code and click ‘Search’
- Allotment details will be displayed on the screen
2. BSE India Website
- Go to bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under ‘Issue Type’
- Choose ‘LT Elevator’ from the list of IPOs
- Enter your PAN or application number
- Verify using the captcha and click ‘Submit’
- Allotment status will be shown
Company Overview And Growth Outlook
Founded in August 2008, LT Elevator Ltd operates a modern manufacturing facility in West Bengal with an annual capacity of 800 elevators. Its product portfolio includes passenger, goods, hospital, and home elevators, both manual and automatic. The company is active in cities like Bhubaneswar, Delhi, Patna, and Guwahati, and is expanding into smart city projects in Silchar and Imphal.
The IPO proceeds will be used for:
- Working capital requirements
- Investment in subsidiary Park Smart Solutions Ltd
- General corporate purposes
Forward Outlook And Market Sentiment
With a strong GMP and high subscription rate, LT Elevator is poised for a promising debut. Analysts expect continued investor interest post-listing, especially given the company’s alignment with urban infrastructure and smart mobility trends.
Sources: Mint, IPOWatch, Groww, MSN India
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