LAPL Automotive IPO
- Issue price
- ₹94
- Listing price
- ₹135
- +43.62%
- Current price
- ₹101.65
- +8.14%
- Subscribed
- 320.29x
- Issue size
- ₹32.4 Cr
- Listed on
- 13 Aug 2026
IPO timeline
- Opens6 AugThu
- Closes10 AugMon
- Allotment11 AugTue
- RefundsTo be announced
- Demat creditTo be announced
- Listing13 AugThu
Issue details
- Price band
- ₹88 – ₹94 per share
- Issue size
- ₹32.4 Cr
- Fresh issue
- ₹32.4 Cr · 0.34 Cr shares
- Offer for sale
- None
- Issue type
- Fresh capital only
- Face value
- ₹10 per share
- Lot size
- 1,200 shares
- Minimum investment
- ₹1,12,800
- Listing on
- BSE SME
- Exchange code
- LAPL.BO · 7867
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,12,800 |
| Retail (Max) | 1 | 1,200 | ₹1,12,800 |
| HNI (Min) | 2 | 2,400 | ₹2,25,600 |
Reservation
- QIB
- 16,29,600 shares (49.78% of the Offer)
- NII
- 4,96,800 shares (15.18% of the Offer)
- Retail
- 11,47,200 shares (35.04% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on Maashitla Securities- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 11 Aug 2026
- Listing
- 13 Aug 2026
Grey market premium (GMP)
- Current GMP
- ₹50
- +53.19%
- Estimated listing price
- ₹144
- Issue price ₹94
- Highest
- ₹50
- 12 Aug
- Lowest
- ₹22
- 31 Jul
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 13 Aug 2026 | ₹50 | +53.19% | ₹144 |
| 12 Aug 2026 | ₹50 | +53.19% | ₹144 |
| 11 Aug 2026 | ₹47 | +50.00% | ₹141 |
| 10 Aug 2026 | ₹39 | +41.49% | ₹133 |
| 9 Aug 2026 | ₹37 | +39.36% | ₹131 |
| 8 Aug 2026 | ₹35 | +37.23% | ₹129 |
| 7 Aug 2026 | ₹32 | +34.04% | ₹126 |
| 6 Aug 2026 | ₹32 | +34.04% | ₹126 |
| 5 Aug 2026 | ₹30 | +31.91% | ₹124 |
| 4 Aug 2026 | ₹27 | +28.72% | ₹121 |
| 3 Aug 2026 | ₹27 | +28.72% | ₹121 |
| 1 Aug 2026 | ₹22 | +23.40% | ₹116 |
| 31 Jul 2026 | ₹22 | +23.40% | ₹116 |
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB200.23x
- NII (HNI)321.71x
- Retail387.78x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 6,52,800 | 13,07,12,400 | 200.23x |
| Non-Institutional Investors (NII) | 6,69,600 | 21,54,15,600 | 321.71x |
| bNII — bids above ₹10 Lakh | 3,31,200 | 15,81,72,000 | 477.57x |
| sNII — bids ₹2 Lakh to ₹10 Lakh | 1,65,600 | 5,72,43,600 | 345.67x |
| Retail Individual Investors (RII) | 11,47,200 | 44,48,61,600 | 387.78x |
| Total | 24,69,600 | 79,09,89,600 | 320.29x |
Financials
- P/E (pre-issue)
- 9.9
- P/E (post-issue)
- 13.66
- EPS (₹)
- 6.88
- RoCE
- 34.37%
- RoNW
- 34.16%
- PAT Margin
- 9.25%
Pre-issue P/E uses the shares outstanding before the IPO; post-issue P/E includes the new shares. Calculated by Be IPO Ready at the issue price on profit for the FY ended 31 Mar 2026.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 62.68 | 44.34 | 32.79 |
| Total Income | 94.32 | 67.07 | 61.03 |
| Profit After Tax | 8.63 | 5.03 | 2.17 |
| EBITDA | 15.80 | 9.94 | 5.38 |
| NET Worth | 25.25 | 16.63 | 11.59 |
| Reserves and Surplus | 16.45 | 7.83 | 8.39 |
| Total Borrowing | 7.84 | 15.79 | 13.37 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| LAPL Automotive This IPO | ₹32.4 Cr | 13.66 | 34.16% | 9.25% | 320.29x | +43.62% |
| Kheria Autocomp SME · listed 24 Sep 2026 | ₹46.44 Cr | 14.01 | 33.72% | 9.52% | 2.37x | +3.86% |
| Amba Auto Sales & Services SME · listed 5 May 2026 | ₹65 Cr | 15.32 | 69.09% | 3.21% | 1.24x | -0.37% |
| Autofurnish SME · listed 29 May 2026 | ₹15 Cr | 14.7 | 23.50% | 10.51% | 0.67x | +4.88% |
| Om Galaxy SME · listed 18 Sep 2026 | ₹105 Cr | 18.33 | 22.13% | 13.42% | 2x | +0.22% |
| Victory Electric Vehicles International SME · listed 14 Jan 2026 | — | 30.41 | 42.11% | 10.17% | 0.97x | -15.98% |
| Adroit Industries (India) Mainboard · listed 30 Sep 2026 | ₹150.71 Cr | 22.95 | 18.94% | 13.55% | 176.85x | +75.37% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About LAPL Automotive
LAPL Automotive Limited was started in 2004. The company designs, makes and supplies auto parts and accessories. Its main work is in automotive lighting and signalling products. The company works as an ODM and also sells under its own brand LAPL. Its factory is in the MIDC Waluj area of Aurangabad, Maharashtra, and has its own tool room and testing lab. The products are in three divisions. The Lighting Division makes tail lamps, blinker lamps and headlamps as per AIS safety standards. The Motor Division makes starter motors, wiper motors and rotors for two wheelers and three wheelers. The Mirror Division makes rear view mirrors for two and three wheelers. As on 30 June 2026 the company had 73 permanent employees and 135 contract workers.
Strengths
- Sales and profit have grown for three years. Total income went from Rs 61.03 crore in FY2024 to Rs 67.07 crore in FY2025 and Rs 94.32 crore in FY2026.
- Profit after tax grew four times in two years, from Rs 2.17 crore in FY2024 to Rs 5.03 crore in FY2025 and Rs 8.63 crore in FY2026.
- The company reduced its loan while growing. Total borrowing came down from Rs 15.79 crore to Rs 7.84 crore between FY2025 and FY2026, and net worth rose to Rs 25.25 crore.
- EBITDA improved from Rs 5.38 crore in FY2024 to Rs 15.80 crore in FY2026.
- The full issue of Rs 32.40 crore is a fresh issue. No promoter is selling and the entire money comes to the company.
- Rs 19.56 crore of the money will build a new manufacturing unit at Auric City, Aurangabad, which will add capacity.
- The three divisions of lighting, motors and mirrors reduce dependence on any single product.
- The company has its own tool room and testing lab in the factory, which helps in quality control and in developing new parts.
Risks
- The company is an auto parts supplier, so its sales depend fully on two wheeler and three wheeler demand. Any slowdown in vehicle sales will hit orders directly.
- The whole business runs from one factory in Aurangabad, Maharashtra. Any strike, power problem or local issue there will affect the entire production.
- The company depends more on contract workers than on its own staff. It has 73 permanent employees against 135 contract workers.
- Raw materials such as plastic, metal and electronic parts keep changing in price. If the cost cannot be passed on to vehicle makers, margin will fall.
- Auto component makers usually sell to a few large customers, so losing even one buyer can affect a big part of the sales.
- The company is small and competes with much larger automotive lighting companies with bigger budgets.
- Promoter holding will come down from 96.79% to 70.18% after the issue.
- This is an SME issue. One lot is 1,200 shares, which is more than Rs 1.12 lakh at the upper band of Rs 94, and SME shares usually trade in low volume after listing.
Objects of the issue
- Funding of capital expenditure requirements of the company towards setting up an additional Manufacturing Unit at Auric City, Aurangabad, Maharashtra.₹19.56 Cr
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company₹4.79 Cr
- General Corporate Purposes₹4.81 Cr
- Issue Expenses₹3.24 Cr
Promoters and shareholding
Neeraj Satyaprakash Goyal, Shubham Neeraj Goyal and Anita Neeraj Goyal
- Promoter holding, pre-issue
- 96.79%
- Promoter holding, post-issue
- 70.18%
Registrar, lead managers and documents
Lead manager
Company contact
Plot No. 90, Sector No. 05, Auric City, Shendra Industrial Area, Chikalthana Industrial Area, Chhatrapati Sambhajinagar, Maharashtra, 431006
+91 8378994623
group.cs@laplautomotive.comDocuments
LAPL Automotive IPO: common questions
When does the LAPL Automotive IPO open and close?
The LAPL Automotive IPO opens on 6 Aug 2026 and closes on 10 Aug 2026.
What is the price band of the LAPL Automotive IPO?
The price band is ₹88 – ₹94 per share, with a lot size of 1,200 shares and a minimum investment of ₹1,12,800.
What is the size of the LAPL Automotive IPO?
The issue size is ₹32.4 Cr (Fresh capital only).
What is the GMP of the LAPL Automotive IPO?
The last reported grey market premium is ₹50 per share as of 13 Aug 2026, 08:24 AM IST. GMP is unofficial and changes frequently.
When is the LAPL Automotive IPO allotment?
The basis of allotment is expected on 11 Aug 2026. Allotment status can be checked with the registrar, Maashitla Securities Private Limited.
When will the LAPL Automotive IPO list?
The shares listed on 13 Aug 2026 on BSE SME.
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