Elevator system solutions provider LT Elevator will open its initial public offering for subscription on September 12 with price band of Rs76–78 per share.
The company is raising Rs39.37 crore via initial share sale of 50.48 lakh shares at the upper price band. The IPO comprises of entirely fresh issue component.
The IPO anchor book will be launched on September 11. The public issue for all investors will close on September 16.
The company will finalise IPO share allotment by September 17, while trading in LT Elevator shares will commence on the BSE SME effective September 19.
Promoters own 85.14 percent shareholding in the company, and the remainder 14.86 percent shares are held by public shareholders including Invicta Continuum Fund.
