Timetable
Issue Summary
Lot Size Strengths & Risks Financials Company Subscription GMP History Anchor Investors
Closed
SME
LAPL Automotive IPO
LAPL Automotive IPO — dates, price band, GMP & allotment.
Grey Market Premium
▲ ₹50
+53.19% over issue price
Updated 13 Aug 2026, 08:24 AM IST
Subscribed
320.29×
Overall, across all categories
Min Investment
₹112,800
Lot size 1200 shares
Listing Gain
43.62%
CMP ₹104.50
Timetable
Issue Summary
| Price Band | ₹88-94 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹32.4 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| NSE Symbol | LAPL.BO |
| BSE Scrip Code | 7867 |
| Min Investment | ₹112,800 |
Reservation
QIB
NII
Retail
What Will It Cost Me?
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹112,800 |
| Retail (Max) | 1 | 1,200 | ₹112,800 |
| HNI (Min) | 2 | 2,400 | ₹225,600 |
Strengths & Risks
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.
Valuation & Key Ratios
P/E Ratio
13.66
EPS (₹)
6.88
RoCE
34.37%
RoNW
34.16%
PAT Margin
9.25%
Financials (Rs. Crore)
| Metric | 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 |
About The Company
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.
Company & Registrar
Subscription By Category
| Category | Subscribed | Shares Offered | Shares Bid For |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 200.23× | 652,800 | — |
| Non-Institutional Investors (NII) | 321.71× | 669,600 | — |
| Retail Individual Investors (RII) | 387.78× | 1,147,200 | — |
| Employee | 0× | 0 | — |
| Shareholder | 0× | 0 | — |
| Total | 320.29× | 2,469,600 | — |
GMP History
| Date | GMP | % Over Issue Price |
|---|
Anchor Investors
| Investor | Category | Shares Allotted | Value |
|---|
Considering This IPO?
Talk to Alpha Funda about how an IPO application fits into your broader portfolio.
Get In Touch
Grey Market Premium and pre-listing figures are unofficial, unregulated indicators and are not a forecast of listing performance. This page does not constitute investment advice. NSE & BSE Registered Authorised Person · AMFI Registered Mutual Fund Distributor · ARN 309054.
Market data provided by IPO Guru.