The allotment for LAPL Automotive Limited's initial public offering is expected to be finalized on August 11, 2026. As per IPO Ji, investors can check their allotment status through multiple channels including the issue's registrar website, IPO Ji app/website, and both BSE and NSE websites. Upon securing the allotment, investors will receive credit of equivalent shares in their Demat account. For any concerns or queries about allotment status, investors can contact the registrar Maashitla Securities Pvt Ltd at 011-45121795 or email investor.ipo@maashitla.com with all relevant details.
Aurangabad-based auto components manufacturer LAPL Automotive will open its maiden public issue for subscription on August 6, with a price band of ₹88-94 per share. According to reports from Moneycontrol, the initial public offering comprises an entirely fresh issue of 34.46 lakh equity shares and is expected to raise ₹32.4 crore at the upper end of the price band. The one-day anchor book will open on August 5, while the public issue will close on August 10. The IPO has a minimum bid requirement of 2,400 shares (₹2,25,600) with a lot size of 1,200 shares (₹1,12,800) and face value of ₹10 per share. The registrar for the IPO is Maashitla Securities Pvt Ltd, with promoters being Neeraj Satyaprakash Goyal, Shubham Neeraj Goyal, and Anita Neeraj Goyal.
As reported by Moneycontrol, LAPL Automotive operates under both the original design manufacturing (ODM) and original brand manufacturing (OBM) models, producing automotive lighting systems, mirrors and plastic-moulded components through its three manufacturing facilities in Aurangabad, Maharashtra. The ODM business contributed 78 percent of revenue in FY26, while the remaining 22 percent came from the OBM segment. GYR Capital Advisors serves as the sole book-running lead manager to the issue. The company manufactures over 200 automotive products, including tail lamps, RVMs, starter motors, BLDC fans, USB chargers, and bus coach fans. As of December 2024, LAPL employed 56 permanent and 188 contract workers. The company caters to automobile OEMs across passenger vehicles, commercial vehicles, two-wheelers, and electric mobility segments, with products spanning tail lamps, front and rear indicators, head lamps, stop lamps, position lamps, reverse lamps, roof lamps, starter motors, wiper motors, rotors, and various other components.
According to IPO Ji, the latest recorded grey market premium (GMP) for LAPL Automotive stands at ₹13 per share, representing a 14% premium over the ₹94 upper price band. The indicative listing price based on this GMP is ₹107 (₹94 upper price band + ₹13 GMP). The GMP has shown volatility, ranging from ₹5 to ₹13 across the recorded period, with the latest figure recorded on July 31, 2026, 9:00 PM IST. However, it's important to note that GMP is unofficial, unregulated grey-market information and does not forecast or guarantee the actual listing price. The listing date remains August 13, 2026 on BSE SME, with allotment scheduled for August 11, 2026.
According to reports from Moneycontrol, the company intends to utilise ₹19.56 crore from the net issue proceeds to set up a new manufacturing facility, while ₹4.8 crore will be used to repay debt. The remaining funds will be utilised for general corporate purposes. The proposed facility will manufacture automotive lighting systems, electrical accessories and electronic components. The company also plans to begin in-house production of certain raw material components that are currently sourced from external vendors. LAPL holds IATF 16949:2016 certification and utilises advanced technologies like LEDs, in-house testing labs, and industry-approved certifications (ARAI, ICAT, CIRT). Strategic partnerships, such as with Annu Industries and Riansh Corporate, support plastic moulding and hood supply. The company's growth strategy focuses on strengthening OEM presence through platform-based product development, expansion into technology-LED product portfolio, integrated supply chain and vendor support strategy, aftermarket brand development, capacity expansion and backward integration, strategic partnerships and technology alliances, operational excellence and digitalization.
As reported by Moneycontrol, on the financial front, profit for the year ended March 2026 rose 71.4 percent to ₹8.6 crore from ₹5.03 crore a year earlier, while revenue increased 41.3 percent to ₹93.3 crore from ₹66 crore. The strong financial performance demonstrates the company's growth trajectory in the automotive components sector. For the period ending December 2024, the company reported revenue of ₹48.53 crore with net income of ₹3.40 crore and EPS of ₹3.86. The company's ROCE stood at 18.66% and EBITDA margin was 12.87% for the nine months ended December 2024.
