LAPL Automotive IPO

About LAPL Automotive IPO

The LAPL Automotive IPO, an SME IPO, opens on Thursday, August 06, 2026 and closes on Monday, August 10, 2026. The allotment of shares will take place on Tuesday, August 11, 2026. The credit of shares to the demat account will take place on Wednesday, August 12, 2026. The initiation of refunds will take place on Wednesday, August 12, 2026. The listing of shares will take place on Thursday, August 13, 2026.

The equity shares of the company are proposed to be listed on the BSE SME platform. The LAPL Automotive IPO price band is fixed at ₹88 to ₹94 per share. The lot size for an application is 1,200 shares. The minimum investment required by a retail investor is ₹2,25,600 (2,400 shares) based on the upper price band.

The offer is entirely a fresh issue. The fresh issue comprises 32,73,600 equity shares aggregating up to ₹31 crores. Additionally, 1,72,800 equity shares aggregating up to ₹2 crores are reserved for the market maker. The total issue size is 34,46,400 equity shares aggregating up to ₹32 crores.

LAPL Automotive is an integrated automotive components manufacturer operating across ODM (Original Design Manufacturing) and OBM (Original Brand Manufacturing) models, with a diversified product portfolio spanning automotive lighting systems, mirrors, and plastic moulded components.

Objectives of LAPL Automotive IPO

• To fund capital expenditure requirements towards setting-up a new manufacturing facility at Plot No-68-1, Sector No.5, Auric City Shendra, Aurangabad, Maharashtra.
  
• To pay or repay, in full or in part, certain outstanding secured borrowings availed by the company.
  
• To meet general corporate purposes.
  

Industry Outlook

The Indian automobile industry has long been a reliable barometer of economic performance, given its critical role in both macroeconomic expansion and technological advancement. Within the sector, the two-wheeler segment dominates in terms of volume, driven by a growing middle class, a predominantly young population, and rising demand from rural markets. Demand for commercial vehicles has also strengthened, supported by the expansion of logistics and passenger transportation services. Market growth is expected to be shaped by emerging trends such as vehicle electrification, particularly in three-wheelers and small passenger cars. India has also established itself as a prominent auto exporter with strong growth prospects in the near future. India enjoys a strong position in the global heavy vehicles market as the largest tractor producer, second-largest bus manufacturer, and third-largest heavy truck manufacturer in the world. Also, the electric vehicle (EV) market in India is emerging as a significant growth driver.

About LAPL Automotive

LAPL Automotive is an integrated automotive components manufacturer operating across ODM (Original Design Manufacturing) and OBM (Original Brand Manufacturing) models, with a diversified product portfolio spanning automotive lighting systems, mirrors, and plastic moulded components. The company caters to automobile OEMs across passenger vehicles, commercial vehicles, two wheelers, and electric mobility segments. With a diversified product portfolio, the company caters to the products of tail lamps, front and rear indicators, reflex reflectors, head lamp, stop lamp, position lamp, reverse lamp and roof lamp, etc., the motor segments covers starter motor, wiper motor, rotors etc. and other components and accessories segment such as hood, stators, small BLDC fans and many more for various spectrum of vehicles.

Strengths of LAPL Automotive

• Integrated ODM and OBM Business Model.
  
• Strong in-house design, engineering and manufacturing capabilities.
  
• Stable customer base and strong customer relationships.
  
• Strategically located manufacturing facilities.
  
• Experienced promoter and management team.
  
• Diversified product portfolio.
  

Risks of LAPL Automotive

• They generate a major portion of sales from their operations from the Maharashtrian regions.
  
• They derive a significant part of their revenue from few customers.
  
• They are primarily dependent upon a few key suppliers within a limited geographical location for procurement of raw materials.
  
• Their manufacturing operations are subject to various operating risks.
  
• There have been certain lapses and discrepancies and/or typographical errors in Statutory filings.
  

Source: All the financial information for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2025, and stock exchange data dated May 07, 2026 to compute the corresponding financial ratios for the financial year ended March 31, 2025. The current market price and related figures are as on May 07, 2026.

1. P/E figures for the peers are based on closing market prices of equity shares on NSE on May 07, 2026 divided by the Diluted EPS as at March 31, 2025.

2. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 24-25 of the listed peer companies.

3. Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2025 divided by Total Equity as on March 31, 2025.

4. NAV per share for listed peers is computed as the Total Equity as on March 31, 2025 divided by the outstanding number of equity shares as on March 31, 2025.

Anchor Investor Bidding Date: TBA

Registrar: Maashitla Securities Private Limited is a SEBI-registered registrar and share transfer agent (SEBI Registration No. INR000004341) headquartered in New Delhi. They handle IPO processing, share allotment, refund initiation, demat credit services, and investor grievance redressal for this offer. Investors may reach them at investor.ipo@maashitla.com or +91 011-4781432.

Book Running Lead Manager: GYR Capital Advisors Private Limited

LAPL Automotive Business Model

The company earns its revenue as an integrated automotive components manufacturer operating across ODM (Original Design Manufacturing) and OBM (Original Brand Manufacturing) models, with a diversified product portfolio spanning automotive lighting systems, mirrors, and plastic moulded components.

LAPL Automotive Growth Trajectory

LAPL Automotive’s Total Income for FY25 was ₹67.073 crores, whereas in FY24 and FY23 it was ₹61.034 crores and ₹60.369 crores, respectively.

The Profit After Tax for FY25 was ₹5.034 crores, whereas in FY24 and FY23 it was ₹2.174 crores and ₹1.980 crores, respectively.

Their EBITDA for FY25 was ₹9.936 crores, whereas in FY24 and FY23 it was ₹5.377 crores and ₹4.674 crores, respectively.

LAPL Automotive Market Position

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹67.073 crores, ₹5.034 crores, and ₹9.936 crores, respectively.

How to apply for LAPL Automotive IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.