LAPL Automotive IPO: Overview
LAPL Automotive Limited, an Aurangabad (Maharashtra)-based manufacturer of automotive lighting and electrical components, is set to launch its ₹32.40 crore SME IPO on August 6, 2026. The issue closes on August 10, 2026, with listing on the BSE SME platform expected on August 13, 2026.
The issue is structured entirely as a fresh issue, with the offer for sale component not specified as a fixed share count in the offer document.
LAPL Automotive IPO: Key Dates
|
Event |
Date |
|
Anchor Bidding Date |
August 5, 2026 |
|
IPO Open Date |
August 6, 2026 |
|
IPO Close Date |
August 10, 2026 |
|
Basis of Allotment |
August 11, 2026 |
|
Refunds Initiated |
August 12, 2026 |
|
Credit to Demat Account |
August 12, 2026 |
|
Listing Date (BSE SME) |
August 13, 2026 |
LAPL Automotive IPO: Issue Details
|
Particular |
Detail |
|
Face Value |
₹10 per equity share |
|
Price Band |
₹88 to ₹94 per share |
|
Total Issue Size |
~₹32.40 crores |
|
Fresh Issue |
~₹32.40 crores |
|
Issue Type |
Book Building Issue |
|
Listing |
BSE SME |
IPO Reservation
|
Investor Category |
Shares Offered |
% of Issue |
|
Anchor Investor |
9,76,800 |
28.34% |
|
QIB (ex-Anchor) |
6,52,800 |
18.94% |
|
NII |
4,96,800 |
14.42% |
|
Retail |
11,47,200 |
33.29% |
LAPL Automotive IPO: Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min & Max) |
2 |
2,400 |
₹2,25,600 |
|
S-HNI (Minimum) |
3 |
3,600 |
₹3,38,400 |
|
S-HNI (Maximum) |
8 |
9,600 |
₹9,02,400 |
|
B-HNI (Minimum) |
9 |
10,800 |
₹10,15,200 |
As with most SME IPOs, retail investors face both a minimum and maximum cap of 2 lots, resulting in a fixed application amount of ₹2,25,600 for every retail applicant.
About LAPL Automotive
Founded in 2004, LAPL Automotive is a manufacturer of automotive components and accessories for two-wheelers, three-wheelers, and bus segments. Its product range includes lighting components (headlamps, taillamps, utility lamps, side lamps, roof lamps), bulbs/indicators, rear-view mirrors, starter motors, magnetos, along with accessories like USB chargers, bottle holders, soft-top canopies, and mobile inverters.
The company positions itself as an end-to-end automotive components partner, offering custom manufacturing, quality testing, logistics solutions, and technical support, with a focus on OEM-validated components designed and manufactured in-house. Its manufacturing facility is located in Aurangabad, Maharashtra, equipped with tool room facilities and a dedicated testing lab.
Objects of the Issue
|
Purpose |
Amount |
|
Capital expenditure for a new manufacturing unit at Auric City, Aurangabad |
₹19.56 crores |
|
Repayment/prepayment of certain secured borrowings |
₹4.79 crores |
|
General corporate purposes |
Balance amount |
Financial Performance
|
Period |
Revenue |
Expense |
PAT |
Assets |
|
FY2024 |
₹61.03 Cr |
₹57.91 Cr |
₹2.17 Cr |
₹32.79 Cr |
|
FY2025 |
₹67.07 Cr |
₹60.20 Cr |
₹5.03 Cr |
₹44.34 Cr |
|
FY2026 |
₹94.32 Cr |
₹82.64 Cr |
₹8.63 Cr |
₹62.68 Cr |
Both revenue and profit have grown consistently across all three years, with PAT roughly quadrupling from FY24 to FY26 — a notably faster pace of profit growth relative to revenue, pointing to improving margins as the business has scaled.
Key Valuation Metrics (FY2026)
|
KPI |
Value |
|
ROE |
41.20% |
|
ROCE |
34.37% |
|
EBITDA Margin |
16.75% |
|
PAT Margin |
9.25% |
|
Debt to Equity Ratio |
0.83 |
|
Basic EPS |
₹9.80 |
|
RoNW |
34.16% |
|
Net Asset Value (NAV) |
₹28.70 |
Return ratios here are notably strong, though the debt-to-equity ratio of 0.83 is worth keeping in view — relevant given part of the raise is earmarked for capex rather than debt reduction.
Peer Comparison
|
Company |
EPS |
P/E Ratio |
RoNW |
NAV |
Income |
|
Minda Corporation Limited |
15.31 |
45.35 |
13.55% |
110.57 |
₹6,200.57 Cr |
|
Fiem Industries Limited |
97.11 |
23.77 |
21.04% |
461.64 |
₹2,836.40 Cr |
LAPL Automotive's own P/E isn't listed as "N/A" in the offer document, but its RoNW of 34.16% is meaningfully higher than both listed peers shown — though both peers operate at a substantially larger revenue scale, making a direct comparison imperfect.
How To Apply for the IPO ?
- Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the IPO?
Steps to check IPO allotment status on JM Pro app:
- Log in to the JM Pro app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
JM Financial Services