LAPL Automotive IPO

The LAPL Automotive SME IPO is open between 6 Aug 2026 and 10 Aug 2026, offered at a price band of ₹88–94 per share, and is set to list on BSE. The IPO seeks to raise ₹32.4 crore. Retail investors bid in lots of 1200 shares, a minimum application of ₹2,25,600.

Issue structure

The IPO is structured entirely as a fresh issue of ₹30.77 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward funding of capital expenditure requirements of the company towards setting up an additional manufacturing unit at auric city, aurangabad, maharashtra. (₹19.56 crore), alongside general corporate purposes (₹4.81 crore). In all, 4 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, LAPL Automotive reported revenue of ₹94.32 crore and a net profit of ₹8.63 crore. Revenue grew from ₹61.03 crore in FY2024 to ₹94.32 crore in FY2026 (+55.0%). Net worth stood at ₹25.25 crore at the end of FY2026. At the upper band, that puts the issue at roughly 9.9× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 13.66× post-issue earnings and 3.28× book value, against a return on net worth of 34.16% and a debt-to-equity ratio of 0.83. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Fiem Industries Ltd. and Minda Corporation Ltd., with a median peer P/E of about 34.6×. The issue's own post-issue P/E works out to 13.66×.

Promoters

The promoters of the company are <p>Neeraj Satyaprakash Goyal, Shubham Neeraj Goyal, Anita Neeraj Goyal</p>. Promoter holding stands at 96.79% before the issue and comes down to 70.18% after listing.

Grey market premium (GMP)

In the unofficial grey market, LAPL Automotive shares are quoted at a premium of ₹50 implying an expected listing around ₹144, about +53.2% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The LAPL Automotive IPO was subscribed 344.31 times overall. The strongest demand came from non-institutional investors (NII) at 433.26 times, with qualified institutional buyers (QIB) at 200.23× and retail investors at 387.78×.

Listing performance

LAPL Automotive listed on 13 Aug 2026 at ₹135, a premium of +43.6% over the issue price of ₹94.

What to weigh

When evaluating the LAPL Automotive IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About LAPL Automotive

Incorporated in 2004, LAPL Automotive Pvt. Ltd., is engaged in the business of designing, manufacturing and supply of a wide range of automotive components and accessories. The company is specializes in the manufacturing of automotive lighting and signaling products. The company operates as an ODM and OBM under its brand "LAPL," designing and manufacturing automotive components in Aurangabad, Maharashtra, delivering tailored, high-quality solutions to clients and vehicle manufacturers. The manufacturing facility is strategically located in the MIDC Waluj area of Aurangabad, Maharashtra, equipped with state-of-the-art machinery, tool room facilities, and a dedicated testing lab to ensure the highest quality standards. Product Portfolio: Under lighting Division: They manufactures essential automotive lighting components like tail lamps, blinker lamps, and headlamps, meeting AIS standards for safety, visibility, and durability in various driving conditions. Under Motor Division: They manufactures starter motors, wiper motors, and rotors, ensuring durability, efficiency, and compliance with standards for reliable performance in two- and three-wheelers under various conditions. Under Mirror Division: They manufactures rear view mirrors for two- and three-wheelers, offering clear visibility, durability, and anti-glare features, designed for safety, aerodynamic efficiency, and easy installation. As on December 31, 2024, the company has employed 56 permanent employees and 188 contract labour employees. Competitive Strengths: Experienced promoters and management team Established market setup and diversified product range. In house manufacturing capabilities with quality standards. Serving wide spectrum of vehicles segment Stable customer base and customer relationships.