Lt Lift IPO opens today. Check GMP, price band, issue and other details

LT Liftator, a maker of lifts and related systems, will launch his RS 39-CRORE IPO for subscription on 12 September. The SME number, which is completely a new stock sales, will be closed on September 16 and will be mentioned on the BSE SME platform on September 19.

Lt Lift IPO Price Band and GMP

The company has established a price band of RS 76–78 per share. Investors can offer in many 3,200 shares, which translates into a minimum investment of RS 2.5 Lakh for private participants.

Prior to the opening of the problem, analysts noted that the GMP is currently zero for LT -Lift, which indicates that muted list expectations indicate. The absence of a GMP premium suggests that investors can use a wait-and-see approach until the subscription data company is.

Company profile

LT Lifter was included in 2008 and offers end-to-end lift solutions, including production, installation, commissioning and annual maintenance. The product line includes manual, semi-automatic and fully automatic lifts. LT Lifter emphasizes the internal test laboratory, modular designs and 24/7 service support as differentiators.

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Financial performance

The turnover of the company from the activities grew by 40% on an annual basis to RS 56.7 Crore in FY25, while profit after the tax 182% rose to RS 8.9 crore from RS 3.2 crore in FY24.

IPO details and objectives

The IPO sees the issue of 50.5 Lakh shares. Of these, 47.9 Lakh are reserved for the public, 2.5 LAKH for market makers and the rest for qualified institutional buyers and people with a high network value.

The company is planning to use RS 20 Crore from the net revenue for working capital, RS 8.8 Crore for investments in its subsidiary park Smart Solutions and the balance for general business purposes.

Horizon Management acts as the book Running Lead Manager for the IPO, while Cameo Corporate Services was appointed as a registrar.

LT Lift IPO Timeline

The IPO will be available for investors to offer until 16 September. Allocation of shares to those who have invested in the IPO will be done on September 19 and the list of the shares is planned for September 19.

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