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LAPL Automotive DRHP & RHP

SMEListed
LAPL · · BSE SME

Updated · GMP, subscription and listing data refresh through the day.

LAPL Automotive IPO Details

RegistrarMaashitla Securities Private Limited
Lead managersGYR Capital Advisors Private Limited
Offer documentDraft (DRHP)
Fresh issue₹32.4 Cr
Offer for sale—
Market cap at the offer₹117.84 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (1,25,36,218 shares) multiplied by the upper end of the price band, ₹94. It is arithmetic on those two filed figures, not a valuation.

LAPL Automotive Financials ₹ in crore

Revenue CAGR+24.3%2024 → 2026 · 2 yrs
Profit CAGR+99.4%2024 → 2026 · 2 yrs
Expenses CAGR+19.5%2024 → 2026 · 2 yrs
Total assets CAGR+38.3%2024 → 2026 · 2 yrs
00%253%505%758%10010%202420252026
₹ crore202420252026
Revenue₹61.03₹67.07₹94.32
Expenses₹57.91₹60.2₹82.64
Net profit (PAT)₹2.17₹5.03₹8.63
PAT margin3.6%7.5%9.1%
Total assets₹32.79₹44.34₹62.68

LAPL Automotive Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
96.79%
Promoter
After the IPO
Post-issue · as disclosed in the RHP
70.17%
Promoter
Promoter & promoter groupafter the IPO
Holding70.17%
Shares87,97,883
Through the IPO-26.62% · exiting

The founding owners and their group entities.

The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

LAPL Automotive IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹94
Individual investor (min)minimum application2,400₹2,25,600

The minimum application is 2,400 shares, ₹2,25,600 at the ₹94 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.

LAPL Automotive DRHP & RHP offer documents

The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.

Lead managersGYR Capital Advisors Private Limited
RegistrarMaashitla Securities Private Limited
Issue structure₹32.4 Cr fresh

LAPL Automotive IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (7)
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 (8)
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.

How to check LAPL Automotive IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For LAPL AUTOMOTIVE LIMITED, the registrar is Maashitla Securities Private Limited — allotment is finalised in the days between the issue closing on 10 Aug 2026 and listing on 13 Aug 2026.

RegistrarMaashitla Securities Private Limited
You will needPAN, application number or demat ID
Issue closes10 Aug 2026
Listing date13 Aug 2026
Issue opens
Thu, 06 Aug, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Mon, 10 Aug, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Tue, 11 Aug, 2026
By Maashitla Securities; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Wed, 12 Aug, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Thu, 13 Aug, 2026
BSE SME · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: Maashitla. Your bank will also show the blocked amount released if shares were not allotted.

LAPL Automotive DRHP & RHP FAQs

Where can I read the LAPL Automotive DRHP or RHP?

The offer document for the LAPL Automotive Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

What is a DRHP?

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

What are the strengths disclosed in the LAPL Automotive DRHP?

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 page lists all 7 as disclosed.

What are the key risks disclosed in the LAPL Automotive DRHP?

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 page lists all 8 disclosed risk factors.

LAPL Automotive IPO Registrar where allotment and refund queries go

RegistrarMaashitla Securities Private Limited

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the LAPL Automotive IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (10 Aug 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, Maashitla Securities Private Limited, not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹50 on a ₹94 upper band means the grey market is dealing at ₹144.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

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.