LT Elevator locks in ₹50 cr from Bandhan, Motilal Oswal
The nano-cap's preferential issue brings in three named institutional backers. The raise equals roughly 11% of its current market capitalisation.
— 2 earlier stories on LT Elevator Ltd. →What's new
- Board approved a ₹50 cr preferential issue split between ₹40 cr in equity shares and ₹10 cr in convertible warrants.
- Bandhan Small Cap Fund, Motilal Oswal Financial Services, and Gracious Advisors LLP are among the named investors.
- Issue price set at ₹188 per share. Shareholder vote at an EGM on June 13, 2026.
Why this matters
For a company with a ₹444 cr market cap, raising ₹50 cr is a 11% dilution on a fully diluted basis. Bringing in two well-known domestic funds—Bandhan and Motilal Oswal—adds a stamp of institutional credibility to a nano-cap that previously lacked it. The capital is earmarked for expansion following a recent acquisition.
What we're watching
- EGM shareholder vote on June 13, 2026.
- Post-dilution share price reaction once the issue is finalised.
- Execution of the growth plans, including the recent acquisition, funded by this capital.
The full read
LT Elevator, a nano-cap with a ₹444 crore market value, has lined up ₹50 crore from a group of investors led by Bandhan Small Cap Fund and Motilal Oswal Financial Services. The deal splits between ₹40 crore in new equity shares and ₹10 crore in convertible warrants, all priced at ₹188 apiece. That's roughly 11% of the company's market cap coming in as new capital, with a fully diluted dilution risk of 10-13%. The timing is tied to a recent acquisition; the funds are meant to bankroll further expansion. The key move here is the investor lineup. Securing commitments from two well-known domestic funds gives the raise more weight than a typical small-cap preferential allotment. It still needs a shareholder vote at an EGM on June 13, 2026, but the institutional anchor is already in place.
Questions answered
- How much is LT Elevator raising, and at what price?
- The company is raising up to ₹50 crore. This comprises ₹40 crore via the issuance of 21,27,563 equity shares and ₹10 crore via 5,31,914 convertible warrants. All instruments are priced at ₹188 each.
- Who are the investors in this round?
- Named participants include Bandhan Small Cap Fund and Motilal Oswal Financial Services, along with Gracious Advisors LLP and others. The involvement of two large domestic funds is notable for a nano-cap company.
- What will the company do with the ₹50 crore?
- The funds will support the company's growth initiatives. The analyst rationale specifies this includes plans related to its recent acquisition and general expansion.
- How will this raise affect existing shareholders?
- The issue will result in dilution of approximately 10-13% on a fully diluted basis. The total raise represents about 11% of the company's current market capitalisation of ₹444 crore.
LT Elevator Ltd.
Latest quarter · Sep 2025
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All notes on LTELEVATOR →- 21 May 2026 · 9:16 PM IST LT Elevator locks in ₹50 cr from Bandhan, Motilal Oswal
- 35d ago Ricardo Elevators lands in Australia with first three orders
- 47d ago LT Elevator board approves ₹50 cr fundraise for expansion