LAPL Automotive IPO: Price Band, Lot Size, Financials & Review
LAPL Automotive IPO listed on BSE on Thu, 13 Aug 2026. The issue was subscribed 344.39x overall.
- Open Date
- 6 Aug 2026
- Close Date
- 10 Aug 2026
Last updated
- Price band
- ₹88 – ₹94
- Lot size
- 1,200 shares
- Min. investment
- ₹2,25,600
- Issue size
- ₹32.4 Cr
- Last GMP
- +₹50
- Subscribed
- 🔥 344.39x
LAPL Automotive IPO details
LAPL Automotive IPO is a ₹32.4 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 6 Aug 2026 to Mon, 10 Aug 2026. Allotment was finalised on Tue, 11 Aug 2026, and the shares listed on BSE on Thu, 13 Aug 2026.
The price band is ₹88 to ₹94 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,25,600. Retail investors can apply for up to 2 lots (2,400 shares, ₹2,25,600).
Maashitla Securities Pvt. Limited is the registrar, and GYR Capital Advisors Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last LAPL Automotive IPO GMP before listing was +₹50 (+53.19% against the upper price band of ₹94), implying an estimated listing price of ₹144. Across 10 days of tracking, GMP ranged from +₹27 (04 Aug) to +₹50 (12 Aug).
| Last GMP | +₹50 |
|---|---|
| GMP vs upper band | +53.19% |
| Estimated listing price | ₹144 |
| Highest (12 Aug) | +₹50 |
| Lowest (04 Aug) | +₹27 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the LAPL Automotive IPO day-wise GMP.
Subscription
Day-wise subscription →LAPL Automotive IPO was subscribed 344.39x overall: QIB 200.23x, NII 433.61x and retail 387.78x.
| Category | Subscribed |
|---|---|
| QIB | 200.23x |
| NII | 433.61x |
| └ bNII (above ₹10 lakh) | 477.57x |
| └ sNII (₹2–10 lakh) | 345.67x |
| Retail | 387.78x |
| Total | 344.39x |
Final figures at the close of bidding on 10 Aug 2026. Category-wise bids, application-wise breakup and allotment chances are on the LAPL Automotive IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 9,76,800 | 29.84% |
| Qualified Institutions | 6,52,800 | 19.94% |
| Non-Institutional | 4,96,800 | 15.18% |
| └ BNII | 3,31,200 | 10.12% |
| └ SNII | 1,65,600 | 5.06% |
| Retail Investors | 11,47,200 | 35.04% |
| Total | 32,73,600 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
LAPL Automotive IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,25,600 |
| Retail (Max) | 2 | 2,400 | ₹2,25,600 |
| S-HNI (Min) | 3 | 3,600 | ₹3,38,400 |
| S-HNI (Max) | 8 | 9,600 | ₹9,02,400 |
| B-HNI (Min) | 9 | 10,800 | ₹10,15,200 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹94, the issue is priced at 9.91x pre-issue earnings and 13.66x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 34.56x (2 companies).
Promoter holding falls from 96.79% before the issue to 70.17% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹9.49 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 9.91x |
| EPS (post-issue) EPS on the enlarged share capital | ₹6.88 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 13.66x |
| Promoter holding (pre-issue) | 96.79% |
| Promoter holding (post-issue) | 70.17% |
LAPL Automotive Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹67.07 Cr to ₹94.32 Cr, and profit after tax rose from ₹5.03 Cr to ₹8.63 Cr. The PAT margin for 31 Mar 2026 was 9.15%.
| 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 |
| Reserve & Surplus | 16.45 | 7.83 | 8.39 |
| Total Borrowings | 7.84 | 15.79 | 13.37 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 41.20 | 35.68 | 20.69 |
| ROCE % | 34.37 | 30.85 | 21.65 |
| Debt / Equity | 0.83 | 0.95 | 1.15 |
| RoNW % | 34.16 | 30.28 | 18.75 |
| Pat Margin % | 9.25 | 7.63 | 3.58 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| LAPL Automotive Ltd. | 10 | — | 9.80 | 9.80 | 34.16% | 28.70 |
| Minda Corporation Ltd. | 2 | 45.35 | 15.31 | 15.07 | 13.55% | 110.57 |
| Fiem Industries Ltd. | 10 | 23.77 | 97.11 | 97.11 | 21.04% | 461.64 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding of capital expenditure requirements of our company towards setting up an additional Manufacturing Unit at Auric City, Aurangabad, Maharashtra |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company |
| 3 | General corporate purposes |
About LAPL Automotive Limited
LAPL Automotive Limited was incorporated in 2004 and is engaged in the design, manufacturing, and supply of a wide range of automotive components and accessories for the Indian automotive industry. The company primarily specializes in automotive lighting, signalling systems, mirrors, motors, and other vehicle components, catering to both two-wheelers and three-wheelers.
Operating under both the Original Design Manufacturer (ODM) and Original Brand Manufacturer (OBM) business models, LAPL develops and manufactures products under its own "LAPL" brand while also providing customized solutions for leading automotive OEMs. The company's manufacturing operations are based in Aurangabad, Maharashtra, where it operates three modern production facilities equipped with advanced machinery, in-house tooling capabilities, testing laboratories, and quality control systems.
LAPL's diversified product portfolio includes more than 200 automotive products across multiple business divisions. Its Lighting Division manufactures headlamps, tail lamps, indicator lamps, and other lighting assemblies that comply with AIS safety standards. The Motor Division produces starter motors, wiper motors, rotors, BLDC fans, USB chargers, and bus coach fans, while the Mirror Division manufactures rear-view mirror systems designed for enhanced visibility, safety, and durability.
The company is certified under IATF 16949:2016, demonstrating its commitment to global automotive quality standards. Its products are validated through recognized testing agencies such as ARAI, ICAT, and CIRT, while strategic partnerships for plastic moulding and component manufacturing strengthen its integrated production capabilities and ensure consistent product quality.
LAPL serves a broad customer base across multiple vehicle segments and has established long-term relationships with OEMs through its focus on product quality, engineering expertise, and reliable delivery. Supported by an experienced management team with extensive industry knowledge, the company continues to invest in product development, manufacturing capabilities, and technological innovation.
As of March 31, 2026, LAPL Automotive Limited employed 59 permanent employees and 151 contract labour employees.
Competitive Strengths
- Experienced promoters and management team with deep automotive industry expertise.
- Diversified portfolio of over 200 automotive components and accessories.
- Strong in-house manufacturing, tooling, testing, and quality assurance capabilities.
- Dual ODM and OBM business model providing multiple revenue streams.
- IATF 16949:2016 certified manufacturing facilities with advanced production technology.
- Long-standing customer relationships across various automotive segments.
- Strategic manufacturing partnerships supporting operational efficiency and vertical integration.
- Well-positioned manufacturing facilities in Aurangabad with modern infrastructure and scalable production capabilities.
Promoters
- Neeraj Satyaprakash Goyal
- Shubham Neeraj Goyal
- Anita Neeraj Goyal
Contact details
LAPL Automotive Ltd.
Plot No. 90, Sector No. 05, Auric City, Shendra
Industrial Area, Chikalthana Industrial Area,
Aurangabad, Maharashtra, India, 431006
Phone: +91 8378994623
Email: group.cs@laplautomotive.com
Website: https://www.laplautomotive.com/
LAPL Automotive IPO FAQs
- What is the LAPL Automotive IPO price band?
- The LAPL Automotive IPO price band is ₹88 to ₹94 per share.
- What is the LAPL Automotive IPO lot size and minimum investment?
- The LAPL Automotive IPO lot size is 1200 shares. The minimum retail investment is ₹2,25,600 for one lot at the upper price band. Retail investors can apply for up to 2 lots (2,400 shares), costing ₹2,25,600.
- When was LAPL Automotive IPO open for subscription?
- LAPL Automotive IPO was open for subscription from Thu, 6 Aug 2026 to Mon, 10 Aug 2026.
- What is the LAPL Automotive IPO subscription status?
- LAPL Automotive IPO was subscribed 344.39x overall: QIB 200.23x, NII 433.61x and retail 387.78x. Day-wise and category-wise figures are on the subscription page.
- What was the LAPL Automotive IPO GMP before listing?
- The last LAPL Automotive IPO GMP before listing was +₹50 (+53.19% against the upper price band of ₹94), implying an estimated listing price of ₹144. Across 10 days of tracking, GMP ranged from +₹27 (04 Aug) to +₹50 (12 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the LAPL Automotive IPO allotment date?
- The LAPL Automotive IPO basis of allotment was finalised on Tue, 11 Aug 2026. You can check your allotment status on the Maashitla Securities Pvt. Limited website.
- What is the LAPL Automotive IPO listing date?
- LAPL Automotive IPO listed on BSE on Thu, 13 Aug 2026.
- Is the LAPL Automotive IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the LAPL Automotive IPO?
- The registrar for the LAPL Automotive IPO is Maashitla Securities Pvt. Limited, and the book running lead manager is GYR Capital Advisors Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.