Graand Prix Luxury Elevators Limited
+100 % 1 MAbout Graand Prix Luxury Elevators Limited
A Comprehensive Overview of Price & Journey
Understanding Graand Prix Luxury Elevators Limited Inception and Growth
Overview
Graand Prix Luxury Elevators Limited, incorporated on 12 May 2023, is an unlisted public company which is classified as a public limited company and is located in Mumbai, Maharashtra.
They are partnered with IGV Group, the finest manufacturers of luxury elevators in Europe, to give a stunning range of luxury residential home elevators. With unmatched Italian designs and precise functions, and security features, the lifts can be made to match your lifestyle and home interiors.
The elevators incorporate the latest hydraulic and gearless drives to give you a noiseless and smooth ride. They also extended their bespoke luxury solutions to include world-class Myrtha swimming pools from Italy and Magiline swimming pools from France.
Their swimming pools are a striking example of innovative pool engineering and state-of-the-art technology, which results in a pure aquatic experience. It is designed with the highest quality materials and top quality functions, these swimming pools have redefined swimming pools. Their swimming pools have made an indelible mark globally and have redefined swimming pools. The company has Presence in 122+ cities and has elevated 3500+ installations from 18+ years to the next level of luxury. As for the Grand Prix share price, it will likely be closely watched if the company moves toward public trading, reflecting investor confidence in its established market presence and growth potential.
Home Elevators
DomusLift Elevators
The company provides the pleasure of moving in an elevator with DomusLift, the premier elevator from IGV Group, the finest manufacturers of home and residential lifts in Europe. With contemporary Italian designs and advanced elevator technology, DomusLift epitomizes luxury in vivid details.
They can be installed indoors and outdoors in residential homes and customized to suit the diverse tastes of clients. They can be tailored to blend with home interiors and décor so that clients get a luxurious elevator experience every time they move about in a DomusLift.
These lifts are powered by conventional Hydraulic drives or innovative Gearless drives. DomusLift is developed with the highest European safety standards and offers ease of operation and a level of convenience that makes it an icon of luxury in our homes.
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Fully Imported
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Manufactured as per European Standards of Safety
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Certificates are issued by the International Notified Body IMQ
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No pit required
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No Machine room required
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Compact, quiet, and easy to install
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Power consumption like any household electrical appliance
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Connects to any electrical 230V outlet
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More than 50 models- for indoors and outdoors
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Reduced maintenance costs
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Customized products
Lifting ITALIA Elevators
Lifting Italia Elevators specializes in the home comfort segment. Combining the design and production of cutting-edge technological verticals, it introduces a series of new materials with the final objective of obtaining a result of high aesthetic and functional value. A new range of finishes makes the home lift perfect for the houses, with a contemporary design. Lifting Italia is a brand synonymous with elegance, style, and culture of innovation.
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Screw elevators that can be fully customized
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Wide options in finishes
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Can be used for internal and external applications
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Can be used with very low headroom, ideal for sloping roof homes.
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Very low on power consumption.
Gruppo Millepiani Elevators
An ideal elevator that matches the installation environment and can adapt to a limited space.
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Gruppo Millepiani comes with rich experience in elevator customization
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Specializes in fully glass elevator
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High-speed elevator
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Non standard car dimensions
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Option for Hydraulic and gearless
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Overview
Graand Prix Luxury Elevators Limited, incorporated on 12 May 2023, is an unlisted public company which is classified as a public limited company and is located in Mumbai, Maharashtra.
They are partnered with IGV Group, the finest manufacturers of luxury elevators in Europe, to give a stunning range of luxury residential home elevators. With unmatched Italian designs and precise functions, and security features, the lifts can be made to match your lifestyle and home interiors.
The elevators incorporate the latest hydraulic and gearless drives to give you a noiseless and smooth ride. They also extended their bespoke luxury solutions to include world-class Myrtha swimming pools from Italy and Magiline swimming pools from France.
Their swimming pools are a striking example of innovative pool engineering and state-of-the-art technology, which results in a pure aquatic experience. It is designed with the highest quality materials and top quality functions, these swimming pools have redefined swimming pools. Their swimming pools have made an indelible mark globally and have redefined swimming pools. The company has Presence in 122+ cities and has elevated 3500+ installations from 18+ years to the next level of luxury. As for the Grand Prix share price, it will likely be closely watched if the company moves toward public trading, reflecting investor confidence in its established market presence and growth potential.
Home Elevators
DomusLift Elevators
The company provides the pleasure of moving in an elevator with DomusLift, the premier elevator from IGV Group, the finest manufacturers of home and residential lifts in Europe. With contemporary Italian designs and advanced elevator technology, DomusLift epitomizes luxury in vivid details.
They can be installed indoors and outdoors in residential homes and customized to suit the diverse tastes of clients. They can be tailored to blend with home interiors and décor so that clients get a luxurious elevator experience every time they move about in a DomusLift.
These lifts are powered by conventional Hydraulic drives or innovative Gearless drives. DomusLift is developed with the highest European safety standards and offers ease of operation and a level of convenience that makes it an icon of luxury in our homes.
-
Fully Imported
-
Manufactured as per European Standards of Safety
-
Certificates are issued by the International Notified Body IMQ
-
No pit required
-
No Machine room required
-
Compact, quiet, and easy to install
-
Power consumption like any household electrical appliance
-
Connects to any electrical 230V outlet
-
More than 50 models- for indoors and outdoors
-
Reduced maintenance costs
-
Customized products
Lifting ITALIA Elevators
Lifting Italia Elevators specializes in the home comfort segment. Combining the design and production of cutting-edge technological verticals, it introduces a series of new materials with the final objective of obtaining a result of high aesthetic and functional value. A new range of finishes makes the home lift perfect for the houses, with a contemporary design. Lifting Italia is a brand synonymous with elegance, style, and culture of innovation.
-
Screw elevators that can be fully customized
-
Wide options in finishes
-
Can be used for internal and external applications
-
Can be used with very low headroom, ideal for sloping roof homes.
-
Very low on power consumption.
Gruppo Millepiani Elevators
An ideal elevator that matches the installation environment and can adapt to a limited space.
-
Gruppo Millepiani comes with rich experience in elevator customization
-
Specializes in fully glass elevator
-
High-speed elevator
-
Non standard car dimensions
-
Option for Hydraulic and gearless
About Graand Prix Luxury Elevators Limited
IPO Details, Price movement
Board of Directors
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Hariprasad Waman Nargund
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Ramkiron Lakshman Karkera
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Sandhya Narayan Poojary
Registered Office
The Company's registered office is in Mumbai, Maharashtra, India.
Clientele
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Mr. Amitabh Bachchan
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Mr. Mukesh Ambani
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Mr. Gautam Adani
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Justice Fali Nariman
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Mr. Karan Johar
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Mr. Chiranjivee
Leading Developers
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Lodha
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Divya Saree
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Amar Builders
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Sri Aditya
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Total Environment Homes
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Kalpa Taru
Leading Brands
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Tanishq
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Adidas
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Anmol Jewellers
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Notandas
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AKM Jewellers
IPO Details
There is no information provided by the company regarding the IPO and any listing plans.
Dividend Details
There is no information provided by the company regarding the dividend.
Competitive Advantage
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Largest Customer base in the segment
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Illustrious list of Customers
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Strong Customer Reference
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Repeat Customers
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Customer-Friendly Approach
Competitors
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Otis Elevators Company Limited
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Johnsons Lift Private Limited
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Poonam Highrise Private Limited
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Allied Strips Limited
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Hitachi Life India Private Limited
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Fujitec India Private Limited
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Mitsubishi Electric India Private Limited
Industry
The Indian elevator and escalator industry is exhibiting significant growth due to rapid urbanization and the growing need for energy-efficient transportation solutions. It is expected that this trend will continue in the coming years for several factors, including major government regulation, increased demand for intelligent and energy-efficient systems, and an increasing emphasis on accessibility and safety. According to the report of Techsci Research, the market size is estimated to be over 55,000 elevator units and 1,800 escalator units annually and is anticipated to project consistent growth in the forecast period with a CAGR of 5.79% to reach USD 2.083 billion by FY2028. As India continues to advance, elevators have evolved from basic commodities to more lifestyle-oriented mobility equipment. Units with cutting-edge features like smart technology, elegant aesthetics, and improved energy economy are becoming increasingly prominent.
Fundamentals
Financials
All values are INR Cr except per share value
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Graand Prix Luxury Elevators Limited varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.