LAPL Automotive IPO
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LAPL Automotive IPO details
Schedule of LAPL Automotive
| Issue open date | 06 Aug 2026 |
| Issue close date | 10 Aug 2026 |
| UPI mandate deadline | 10 Aug 2026 (5 PM) |
| Allotment finalization | 11 Aug 2026 |
| Refund initiation | 12 Aug 2026 |
| Share credit | 12 Aug 2026 |
| Listing date | 13 Aug 2026 |
| Mandate end date | 25 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 09 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 08 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About LAPL Automotive
LAPL Automotive Limited is an integrated automotive components manufacturer that designs and produces a diversified portfolio of products for original equipment manufacturers (OEMs). The company operates under two primary business models: Original Design Manufacturing (ODM), in which it designs and manufactures components for other brands, and Original Brand Manufacturing (OBM), in which it produces and sells parts under its proprietary “LAPL” brand. Its core product segments include automotive lighting systems, mirrors, and various motor components such as starter and wiper motors. The company also manufactures plastic-moulded components and other accessories, such as BLDC fans. Serving a wide range of vehicle segments including passenger cars, commercial vehicles, two-wheelers, and electric vehicles, LAPL generates revenue by supplying these customised and branded automotive parts directly to its clients. The company is IATF 16949:2016 certified and maintains an in-house facility for quality testing and assurance.
Financials of LAPL Automotive
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 32.40 |
| Fresh Issue – Proceeds go to the company | 32.40 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capex for new manufacturing unit | 19.56 (60.37%) |
| Repayment and/or pre-payment of certain company borrowings | 4.79 (14.78%) |
| General corporate purposes | 8.05 (24.85%) |
Strengths
- Integrated business model with both Original Design Manufacturing (ODM) and Original Brand Manufacturing (OBM).
- End-to-end in-house capabilities spanning product design, engineering, and manufacturing.
- Long-standing relationships with a stable customer base, leading to repeat business.
- Strategically located manufacturing facilities in proximity to key automotive hubs in Maharashtra.
- Diversified product portfolio across automotive lighting, motors, mirrors, and other components.
Risks
- High revenue concentration, with over 95% of revenue derived from the top 10 customers.
- Significant geographic concentration, with over 82% of sales from Maharashtra.
- Dependence on a few key suppliers for raw materials without having long-term agreements.
- The company’s promoters and related entities are engaged in a similar line of business.
- Certain company vehicles and loans are registered in the promoter’s name.