SME IPO · BSE SME · Listed
LAPL AUTOMOTIVE IPO
LAPL AUTOMOTIVE LIMITED is a listed issue, offered in a price band of ₹88 to ₹94 per share, in lots of 2400 shares. Every figure below is taken from the issue's own filings and exchange disclosures.
Issue details
- Price band
- ₹88 – ₹94
- Lot size
- 2400 shares
- Minimum investment
- ₹2,25,600
- Issue size
- ₹32.4 Cr
- Fresh issue
- ₹32.4 Cr
- Offer for sale
- —
- Opens
- 6 Aug 2026
- Closes
- 10 Aug 2026
- Listing date
- 13 Aug 2026
- Registrar
- Maashitla Securities Private Limited
- Symbol
- LAPL
One lot of 2400 shares at the upper band price of ₹94 is ₹2,25,600 — the smallest retail application this issue accepts.
Lead managers: GYR Capital Advisors Private Limited.
Subscription status
How many times the issue has been applied for, by investor category, as reported by the exchange at 10 Aug 2026, 06:20 pm IST.
LAPL AUTOMOTIVE IPO — subscription by category| Category | Times subscribed |
|---|
| Qualified institutional buyers (QIB) | 200.23× |
|---|
| Non-institutional investors (NII / HNI) | 431.76× |
|---|
| Retail individual investors | 378.91× |
|---|
| Total | 339.55× |
|---|
Grey market premium (GMP)
- Latest reported GMP
- ₹50
- Implied over upper band
- 53.20%
- As of
- 13 Aug 2026, 07:05 pm IST
How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.
LAPL AUTOMOTIVE IPO — reported GMP history| Reported at | GMP |
|---|
| 13 Aug 2026, 07:05 pm IST | ₹50 |
|---|
| 12 Aug 2026, 07:05 pm IST | ₹47 |
|---|
| 10 Aug 2026, 07:05 pm IST | ₹37 |
|---|
| 10 Aug 2026, 04:25 pm IST | ₹37 |
|---|
| 10 Aug 2026, 03:25 pm IST | ₹37 |
|---|
| 10 Aug 2026, 02:25 pm IST | ₹37 |
|---|
| 10 Aug 2026, 01:20 pm IST | ₹37 |
|---|
| 10 Aug 2026, 12:20 pm IST | ₹37 |
|---|
| 10 Aug 2026, 11:20 am IST | ₹37 |
|---|
| 10 Aug 2026, 10:05 am IST | ₹37 |
|---|
| 10 Aug 2026, 09:00 am IST | ₹37 |
|---|
| 10 Aug 2026, 08:00 am IST | ₹37 |
|---|
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.
Reported financials
As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.
LAPL AUTOMOTIVE — financials from the offer document| PAT | Assets | Expense | Revenue | Period Ended |
|---|
| ₹2.17 | ₹32.79 | ₹57.91 | ₹61.03 | 2024 |
|---|
| ₹5.03 | ₹44.34 | ₹60.20 | ₹67.07 | 2025 |
|---|
| ₹8.63 | ₹62.68 | ₹82.64 | ₹94.32 | 2026 |
|---|
Strengths disclosed in the offer document
- The company has a dual presence as an Original Design Manufacturer (ODM) and Original Brand Manufacturer (OBM), enabling diversified revenue streams and flexibility in addressing varied customer requirements.
- The company possesses robust in-house capabilities spanning product design, engineering, tooling, prototyping, and manufacturing, allowing for end-to-end solutions and reduced development timelines.
- The company caters to a diverse set of manufacturers in the automotive industry and has developed a stable customer base supported by long-standing relationships.
- The company is strategically focused on expanding its presence in the rapidly growing electric vehicle (EV) market by leveraging its advanced LED lighting technologies.
- The company's manufacturing units are strategically located in Aurangabad, Maharashtra, providing operational efficiencies through proximity to key automotive hubs.
- The company has a diversified product portfolio across lighting systems, rear-view mirrors, and plastic moulded components, reducing dependency on any single product category or customer segment.
- The company's manufacturing processes are designed to ensure consistent quality and compliance with customer specifications, with the ability to deliver customized solutions under the ODM model and standardized branded products under the OBM model.
Risk factors disclosed in the offer document
- The company generates a major portion of its sales from operations in Maharashtra, making it vulnerable to adverse developments in that region.
- The company derives a significant part of its revenue from its top 10 customers, and the loss of any of these customers or a significant reduction in their purchases could adversely affect its business.
- The company is primarily dependent on a few key suppliers within a limited geographical location for procurement of raw materials, and it does not have any long-term agreements with them.
- The company's manufacturing operations are subject to various operating risks, including fire, breakdown or failure of machinery and equipment, industrial accidents, power disruptions, labor issues, severe weather conditions, and natural disasters.
- The company and its Promoters are party to certain litigation and claims, and an adverse decision in these proceedings could adversely affect its reputation, business, and financial status.
- The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
- The company's insurance coverage may not be adequate to protect it against certain operating hazards, which may have a material adverse effect on its business.
- The company may face several risks associated with the procurement, installation and commissioning of plant and machinery proposed to be funded from the Issue proceeds.
These are the company's own disclosures, not Alphave's assessment. Read the offer document →
What this page will not tell you
- Whether to apply
- Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.
- What it will list at
- Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.
- Your allotment
- Allotment is decided by the registrar (Maashitla Securities Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.
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