Auto Components Company Launches Rs 32.40 Crore SME IPO; Issue Opens on August 6; Check Details
Join Us
Follow Us
LAPL Automotive is launching a 100 per cent fresh issue SME IPO to raise Rs 32.40 crore, with the proceeds earmarked for setting up a new manufacturing facility, debt repayment and general corporate purposes.
✨ Key Takeaways
LAPL Automotive Ltd has announced the launch of its Rs 32.40 crore Initial Public Offering (IPO) on the BSE SME platform. The IPO comprises a 100 per cent fresh issue of up to 34.46 lakh equity shares with a price band of Rs 88 to Rs 94 per share.
The anchor investor bidding is scheduled for August 5, 2026, while the public issue will open for subscription on Thursday, August 6, 2026, and close on Monday, August 10, 2026. Investors can bid for a minimum of 2,400 equity shares and thereafter in multiples of 1,200 equity shares.
LAPL Automotive Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the IPO towards funding capital expenditure for setting up a new manufacturing facility at Auric City, Shendra, Chhatrapati Sambhajinagar, Maharashtra. The proceeds will also be used for the repayment or prepayment of certain secured borrowings and for general corporate purposes.
Looking for Quality Mid-Cap Growth Opportunities?
Explore DSIJ’s Mid Bridge - a research-driven service focused on fundamentally strong mid-cap companies with robust business models and long-term growth potential.
Download Service BrochureLAPL Automotive Issue Structure
The IPO consists of 34.46 lakh equity shares, including a Market Maker portion of 1.72 lakh shares, an Anchor Investor portion of up to 9.76 lakh shares, a Qualified Institutional Buyer (QIB) portion of up to 6.52 lakh shares, a Non-Institutional Investor (NII) portion of not less than 4.96 lakh shares, and a Retail Individual Investor (RII) portion of not less than 11.47 lakh shares. GYR Capital Advisors Private Limited is the Book Running Lead Manager to the issue.
Competitive Strengths
LAPL Automotive operates under both Original Design Manufacturing (ODM) and Original Brand Manufacturing (OBM) models, enabling diversified revenue streams and stronger customer relationships. The company has integrated capabilities across design, engineering, tooling and manufacturing, allowing it to provide end-to-end automotive component solutions.
Also Read - Rs 51.46 Crore Order Book: Penny Stock Below Rs 100 Secures Strong Revenue Visibility Till October 2026; Shares Trade Near 52-week low
It is also expanding its portfolio towards technology-driven products such as LED lighting systems, projector lamps, BLDC motors and high-efficiency motors. The company currently operates three manufacturing facilities in Chhatrapati Sambhajinagar, Maharashtra, catering to passenger vehicles, commercial vehicles, two-wheelers, three-wheelers and electric vehicles.
Financial Highlights
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
About the Company
LAPL Automotive Limited is an IATF 16949:2016-certified automotive components manufacturer incorporated in 2004 and based in Chhatrapati Sambhajinagar, Maharashtra. The company manufactures automotive lighting systems, starter motors, wiper motors, BLDC fans, rear-view mirrors and plastic moulded components, supplying products to automobile OEMs across passenger vehicles, commercial vehicles, two-wheelers, three-wheelers and the fast-growing electric mobility segment.
Add DSIJ as your preferred news source on G o o g l e
Add NowWhat are your views on LAPL Automotive's SME IPO and expansion plans? Share your thoughts in the comments below.
Disclaimer: The article is for informational purposes only and not investment advice.