LAPL Automotive SME IPO
LAPL Automotive IPO — date, price band, GMP & allotment 2026
LAPL Automotive Limited makes automotive lighting and signalling products from its factory at MIDC Waluj, Aurangabad. It works as an ODM and under its own brand LAPL, with three divisions making tail lamps and headlamps, starter and wiper motors, and rear view mirrors.
Stock price
LAPL Automotive is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 September.
- Open 06 Aug 2026
- Close 10 Aug 2026
- Allotment 11 Aug 2026
- Refund/credit TBA
- Listing 13 Aug 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 6 to 10 Aug, 2026 |
|---|---|
| Price Band | ₹88 – ₹94 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹32.4 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | Maashitla Securities Private Limited |
| Min Investment | ₹ 2,25,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹94 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,25,600 |
| Retail (max) | 2 | 2,400 | ₹2,25,600 |
| HNI (min) | 3 | 3,600 | ₹3,38,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 8
- 01Sales and profit have grown for three years. Total income went from Rs 61.03 crore in FY2024 to Rs 67.07 crore in FY2025 and Rs 94.32 crore in FY2026.
- 02Profit after tax grew four times in two years, from Rs 2.17 crore in FY2024 to Rs 5.03 crore in FY2025 and Rs 8.63 crore in FY2026.
- 03The company reduced its loan while growing. Total borrowing came down from Rs 15.79 crore to Rs 7.84 crore between FY2025 and FY2026, and net worth rose to Rs 25.25 crore.
- 04EBITDA improved from Rs 5.38 crore in FY2024 to Rs 15.80 crore in FY2026.
- 05The full issue of Rs 32.40 crore is a fresh issue. No promoter is selling and the entire money comes to the company.
- 06Rs 19.56 crore of the money will build a new manufacturing unit at Auric City, Aurangabad, which will add capacity.
- 07The three divisions of lighting, motors and mirrors reduce dependence on any single product.
- 08The company has its own tool room and testing lab in the factory, which helps in quality control and in developing new parts.
Risks · 8
- 01The company is an auto parts supplier, so its sales depend fully on two wheeler and three wheeler demand. Any slowdown in vehicle sales will hit orders directly.
- 02The whole business runs from one factory in Aurangabad, Maharashtra. Any strike, power problem or local issue there will affect the entire production.
- 03The company depends more on contract workers than on its own staff. It has 73 permanent employees against 135 contract workers.
- 04Raw materials such as plastic, metal and electronic parts keep changing in price. If the cost cannot be passed on to vehicle makers, margin will fall.
- 05Auto component makers usually sell to a few large customers, so losing even one buyer can affect a big part of the sales.
- 06The company is small and competes with much larger automotive lighting companies with bigger budgets.
- 07Promoter holding will come down from 96.79% to 70.18% after the issue.
- 08This is an SME issue. One lot is 1,200 shares, which is more than Rs 1.12 lakh at the upper band of Rs 94, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the LAPL Automotive offer document.
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 62.68 | 44.34 | 32.79 |
| Total Income | 94.32 | 67.07 | 61.03 |
| Profit After Tax | 8.63 | 5.03 | 2.17 |
| EBITDA | 15.80 | 9.94 | 5.38 |
| NET Worth | 25.25 | 16.63 | 11.59 |
| Reserves and Surplus | 16.45 | 7.83 | 8.39 |
| Total Borrowing | 7.84 | 15.79 | 13.37 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the LAPL Automotive RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
LAPL Automotive IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹6.88 |
| P/E Ratio (x) | 13.66 |
| Market Cap at Offer Price (₹ Cr) | ₹117.91 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹94 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹32.40 Cr of the issue is earmarked to named objects.
About the company
The company works as an ODM and also sells under its own brand LAPL. Its factory is in the MIDC Waluj area of Aurangabad, Maharashtra, and has its own tool room and testing lab.
The products are in three divisions. The Lighting Division makes tail lamps, blinker lamps and headlamps as per AIS safety standards. The Motor Division makes starter motors, wiper motors and rotors for two wheelers and three wheelers. The Mirror Division makes rear view mirrors for two and three wheelers. As on 30 June 2026 the company had 73 permanent employees and 135 contract workers.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 8378994623
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
GYR Capital Advisors Pvt.Ltd.
10 issues handled (2 mainboard, 8 SME)Best listing: Merritronix (+90.0%). Weakest: Indo SMC (0.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of LAPL Automotive?
The current Grey Market Premium is ₹50, or 53.19% over the issue price.
What is the LAPL Automotive IPO price band?
₹88 to ₹94, on a face value of ₹10.
When is the allotment?
The basis of allotment is 11 August 2026, with listing on 13 August 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Maashitla Securities Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
