LAPL Automotive Ltd IPO
Status: Closed
Overview
IPO date
06 Aug 2026 to 10 Aug 2026
Face value
₹ 10 per share
Price
₹ 88 to ₹94 per share
Issue Size
3,446,400 shares
(aggregating up to ₹ 32.4 Cr)
(aggregating up to ₹ 32.4 Cr)
Allotment Date
11 Aug 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Auto Ancillaries
Unlock Stock of the Month
T&C*
Strengths vs Risks of LAPL Automotive Ltd
Know the pros & cons
Strengths
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Management team with an established track record.
- Established track record of successfully completed orders.
- Efficient operational team.
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Management team with an established track record.
- Established track record of successfully completed orders.
- Efficient operational team.
Risks
- The company generates its major portion of sales from the company's operations from Maharashtrian regions and any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- The company derives a significant part of its revenue from few customers and the loss of any of these customers or a significant reduction in purchases by any of them and if the company's customers opt for backward integration, it could adversely affect its business, results of operations and financial condition.
- The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials and the company does not has any long-term agreements with such suppliers. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.
- Any non-compliance or delays in ESIC Return Filings may expose it to penalties from the regulators.
- There have been certain lapses and discrepancies and/or typographical errors in Statutory filings. The company cannot assure you that no regulatory action will be initiated against it and that no penalties will be imposed on the company on account of these lapses.
- The company's Promoters, Directors, members of its Promoter Group entities associated with them may have interests that could give rise to potential conflicts of interest.
- Certain historical filings made by the Company with the Registrar of Companies are not available in certified form and any non-availability of such certified records may expose it to regulatory or legal risks.
- The company's manufacturing operations is subject to various operating risks, including risks beyond its control such as fire, breakdown or failures of machinery and equipment, industrial accidents, power disruptions, labour issues, severe weather conditions and natural disasters.
- The Company procures a substantial portion of its raw materials from suppliers located in the State of Maharashtra and any disruption affecting such region may adversely affect the company's business, financial condition and results of operations.
- The company has not yet placed orders in relation to the funding Capital Expenditure towards purchase of plant and machinery which is proposed to be financed from the Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the Plant and Machinery in a timely manner, or at all, may result in time and cost overruns and the company's business, prospects and results of operations may be adversely affected. Its proposed Manufacturing Facility is subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
- Certain vehicles and related vehicle loans were historically recorded in the company's books of account, although such vehicles and corresponding borrowings were registered in the name of one of its Promoters, Neeraj Goyal.
- The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
- The Company and its Promoters is party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect the company's reputation, business and financial status.
- The Company may faces several risks associated with the Proposed Expansion, which could hamper its growth, prospects, cash flows and business and financial condition.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the company's financial condition and results of operations.
- The company's inability to accurately forecast order volumes or optimally schedule production, may lead to under or over capacity utilisation, which could adversely affect its manufacturing schedules and related costs.
- The company requires to obtain, renew or maintain statutory and regulatory approvals, licenses, registration and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company's operations.
- The company's operations at its manufacturing facility could be adversely affected by strikes, work stoppages, increased wages demands by the company's employees, or other industrial disputes. Any such disruption may lead to interruptions in production, delays in order fulfilment, and increased operating costs, which could materially impact its business, financial condition, and results of operations.
- The company's business is working capital intensive involving relatively long implementation periods. Its requires substantial financing for the company's business operations. Its indebtedness and the conditions and restrictions imposed on by the company's financing arrangements could adversely affect its ability to conduct the company's business.
- The company's Promoters has issued personal guarantees in relation to debt facilities availed by it, which if revoked, may requires alternative guarantees, repayment of amounts due or termination of the facilities.
- All of the company's directors lack prior experience as Directors in Listed Companies.
- The company's insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
- Few documents of the Neeraj Goyal, promoter of the company, is untraceable.
- One of the company's Promoter and Non-Executive Director, Anita Goyal has limited formal Educational Qualifications.
- The Company proposes to utilize part of the Net Proceeds for repayment or pre-payment, in full or in part, of all or certain secured borrowings availed by the Company and accordingly, the utilization of that portion of the Net Proceeds will not result in creation of any tangible assets.
- The company has incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business and financial condition.
- The Company may be not be able to procure Equipment/Machineries at costs specified in "Objects to Issue Chapter" of the Red Herring Prospectus.
- The Company may be exposed to risks arising from employee attrition and inability to retain skilled and experienced personnel.
- The company's manufacturing operations is substantially dependent on contractual labour engaged in the production department and any disruption in availability of such labour may adversely affect its operations.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The company's business is significantly dependent on the expertise, experience, and continued involvement of its directors, senior management, and key managerial personnel.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- The company's manufacturing facilities may operates at under-utilized capacity, which could adversely affect its business, financial condition and results of operations.
- The company is subject to various safety, health, environmental, labour, and workplace-related laws and regulations in the jurisdictions in which its operates. Non-compliance to any of such losses may adversely impact the company's business operations.
- Any Variation or changes in the Utilization of the Net Proceeds shall be subject to certain compliance requirements.
- Any shortage or unavailability of Electricity or Water may adversely affect the company's manufacturing operations.
- The company's inability to collect receivables and defaults in payment from its customers could result in the reduction of the company's profits and affect its cash flows.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of the company's management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may requires it to reschedule the company's expenditure and may have a bearing on its expected revenues and earnings.
- The company is required to obtain consents under environmental laws for operating its manufacturing facility. However, any failures obtains such consents may adversely impact the company's business operations.
- The company is required to effectively utilize its manufacturing capacity to maximize operational efficiency, any underutilization may result into under manufacturing and resulting into adverse impact on business operations.
- The company is required to address contingent liabilities not provided for.
- The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company's capital needs, which its may not be able to procure and any future equity offerings by it.
- The company may be negatively impacted by any early obsolescence of its manufacturing equipment and the spare parts or software used in such equipment.
- The company's Directors, Key Managerial Personnel and Senior Management may have interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
- The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Adverse publicity regarding the company's products could negatively impact it.
- The company is exposed to losses due to fraud, employee negligence, theft or similar incidents, which may have an adverse impact on its business, financial condition, cash flows and results of operations.
- Industry information included in this Red Herring Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Information relating to the historical capacity of the company's manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates and its future production and capacity may vary.
LAPL Automotive Ltd Peer Comparison
Understand the company’s industry standing
LAPL Automotive Ltd
Minda Corporation Limited
Fiem Industries Limited
Face Value
10
2
10
Standalone / Consolidated
Standalone
Consolidated
Consolidated
Total Income Rs. Cr.
94.3154
6200.57
2836.3976
EPS-Basis
9.8
15.31
97.11
EPS-Diluted
9.8
15.07
97.11
NAV Per Share
28.7
110.57
461.64
P/E-Basic EPS
---
45.35
23.77
P/E-Diluted EPS
---
---
---
RONW(%)
34.16
13.55
21.04
Latest NAV Period
---
---
---
Latest NAV
---
---
---
How to check the allotment status of LAPL Automotive Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT AnalysisRead More
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%Read More
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details HereRead More
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!Read More
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!Read More
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowRead MoreOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchRead MoreMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 06 Aug 2026 & closes on 10 Aug 2026.
LAPL Automotive Limited was incorporated on November 30, 2004 as 'LAPL Automotive Private Limited', a private limited company pursuant to a certificate of incorporation dated November 30, 2004 issued by Registrar of Companies, Maharashtra, Mumbai. Further, Company was converted into a public limited company and the name was changed to LAPL Automotive Limited' and a fresh certificate of incorporation dated December 13, 2024 was issued by Central Processing Centre.
Company is engaged in designing, manufacturing and supply of a wide range of automotive components and accessories. The product portfolio caters to the wide spectrum of vehicles, including two-wheelers, three-wheelers, four-wheelers and heavy vehicles. The Company set up its manufacturing unit at Waluj, Aurangabad for production Automotive Lighting components in 2012. Later, it opened a Motor Division and Assembling Unit in unit C-241 in 2017. Since then, Company has grown organically by establishing two more manufacturing plants and diversifying product portfolio from lighting division to mirror division, motor divisions, hoods and other accessories for two-wheelers, three-wheelers, four-wheelers and heavy vehicles.
The Company is operating as an Original Design Manufacturer (ODM) and Original Brand Manufacturer (OBM) with the brand 'LAPL'. Under ODM, it design and manufacture automotive components for customers who either distribute them under their own brands or integrate them into vehicle production. Under OBM vertical, it has complete control over the entire process, from design and engineering to manufacturing, branding, marketing and sales.
The Company launched the IPO by raising funds of Rs 32.39 crore and allotted a fresh issue of 34,46,400 equity shares of Rs 10 each on August 10, 2026.
LAPL Automotive Ltd IPO will close on 10 Aug 2026.
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Management team with an established track record.
- Established track record of successfully completed orders.
- Efficient operational team.
- Experienced Promoters having deep domain knowledge to scale up the business.
- In house manufacturing capabilities.
- Management team with an established track record.
- Established track record of successfully completed orders.
- Efficient operational team.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Neeraj Satyaprakash Goyal | 5551095 | 61.07 | 5551095 | 44.28 |
| 2 | Shubham Neeraj Goyal | 558938 | 6.15 | 558938 | 4.46 |
| 3 | Anita Neeraj Goyal | 1744188 | 19.19 | 1744188 | 13.91 |
| 4 | Neeraj Goyal HUF | 660000 | 7.26 | 660000 | 5.26 |
| 5 | Ritika Neil Agarwal | 283662 | 3.12 | 283662 | 2.26 |
- The company generates its major portion of sales from the company's operations from Maharashtrian regions and any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- The company derives a significant part of its revenue from few customers and the loss of any of these customers or a significant reduction in purchases by any of them and if the company's customers opt for backward integration, it could adversely affect its business, results of operations and financial condition.
- The company is primarily dependent upon few key suppliers within limited geographical location for procurement of raw materials and the company does not has any long-term agreements with such suppliers. Any disruption in the supply of the raw materials or fluctuations in their prices could have a material adverse effect on its business operations and financial conditions.
- Any non-compliance or delays in ESIC Return Filings may expose it to penalties from the regulators.
- There have been certain lapses and discrepancies and/or typographical errors in Statutory filings. The company cannot assure you that no regulatory action will be initiated against it and that no penalties will be imposed on the company on account of these lapses.
- The company's Promoters, Directors, members of its Promoter Group entities associated with them may have interests that could give rise to potential conflicts of interest.
- Certain historical filings made by the Company with the Registrar of Companies are not available in certified form and any non-availability of such certified records may expose it to regulatory or legal risks.
- The company's manufacturing operations is subject to various operating risks, including risks beyond its control such as fire, breakdown or failures of machinery and equipment, industrial accidents, power disruptions, labour issues, severe weather conditions and natural disasters.
- The Company procures a substantial portion of its raw materials from suppliers located in the State of Maharashtra and any disruption affecting such region may adversely affect the company's business, financial condition and results of operations.
- The company has not yet placed orders in relation to the funding Capital Expenditure towards purchase of plant and machinery which is proposed to be financed from the Issue proceeds of the IPO. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the Plant and Machinery in a timely manner, or at all, may result in time and cost overruns and the company's business, prospects and results of operations may be adversely affected. Its proposed Manufacturing Facility is subject to the risk of unanticipated delays in implementation due to factors including delays in construction, obtaining regulatory approvals in timely manner and cost overruns.
- Certain vehicles and related vehicle loans were historically recorded in the company's books of account, although such vehicles and corresponding borrowings were registered in the name of one of its Promoters, Neeraj Goyal.
- The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
- The Company and its Promoters is party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various forums and regulatory authorities. Any adverse decision may make it liable to liabilities/penalties and may adversely affect the company's reputation, business and financial status.
- The Company may faces several risks associated with the Proposed Expansion, which could hamper its growth, prospects, cash flows and business and financial condition.
- The Company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the company's financial condition and results of operations.
- The company's inability to accurately forecast order volumes or optimally schedule production, may lead to under or over capacity utilisation, which could adversely affect its manufacturing schedules and related costs.
- The company requires to obtain, renew or maintain statutory and regulatory approvals, licenses, registration and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company's operations.
- The company's operations at its manufacturing facility could be adversely affected by strikes, work stoppages, increased wages demands by the company's employees, or other industrial disputes. Any such disruption may lead to interruptions in production, delays in order fulfilment, and increased operating costs, which could materially impact its business, financial condition, and results of operations.
- The company's business is working capital intensive involving relatively long implementation periods. Its requires substantial financing for the company's business operations. Its indebtedness and the conditions and restrictions imposed on by the company's financing arrangements could adversely affect its ability to conduct the company's business.
- The company's Promoters has issued personal guarantees in relation to debt facilities availed by it, which if revoked, may requires alternative guarantees, repayment of amounts due or termination of the facilities.
- All of the company's directors lack prior experience as Directors in Listed Companies.
- The company's insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.
- Few documents of the Neeraj Goyal, promoter of the company, is untraceable.
- One of the company's Promoter and Non-Executive Director, Anita Goyal has limited formal Educational Qualifications.
- The Company proposes to utilize part of the Net Proceeds for repayment or pre-payment, in full or in part, of all or certain secured borrowings availed by the Company and accordingly, the utilization of that portion of the Net Proceeds will not result in creation of any tangible assets.
- The company has incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business and financial condition.
- The Company may be not be able to procure Equipment/Machineries at costs specified in "Objects to Issue Chapter" of the Red Herring Prospectus.
- The Company may be exposed to risks arising from employee attrition and inability to retain skilled and experienced personnel.
- The company's manufacturing operations is substantially dependent on contractual labour engaged in the production department and any disruption in availability of such labour may adversely affect its operations.
- The company's ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in the company's financing arrangements.
- The company's business is significantly dependent on the expertise, experience, and continued involvement of its directors, senior management, and key managerial personnel.
- The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- The company's manufacturing facilities may operates at under-utilized capacity, which could adversely affect its business, financial condition and results of operations.
- The company is subject to various safety, health, environmental, labour, and workplace-related laws and regulations in the jurisdictions in which its operates. Non-compliance to any of such losses may adversely impact the company's business operations.
- Any Variation or changes in the Utilization of the Net Proceeds shall be subject to certain compliance requirements.
- Any shortage or unavailability of Electricity or Water may adversely affect the company's manufacturing operations.
- The company's inability to collect receivables and defaults in payment from its customers could result in the reduction of the company's profits and affect its cash flows.
- The Objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution. The deployment of funds is entirely at the discretion of the company's management and as per the details mentioned in the section titled "Objects of the Issue". Any revision in the estimates may requires it to reschedule the company's expenditure and may have a bearing on its expected revenues and earnings.
- The company is required to obtain consents under environmental laws for operating its manufacturing facility. However, any failures obtains such consents may adversely impact the company's business operations.
- The company is required to effectively utilize its manufacturing capacity to maximize operational efficiency, any underutilization may result into under manufacturing and resulting into adverse impact on business operations.
- The company is required to address contingent liabilities not provided for.
- The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company's capital needs, which its may not be able to procure and any future equity offerings by it.
- The company may be negatively impacted by any early obsolescence of its manufacturing equipment and the spare parts or software used in such equipment.
- The company's Directors, Key Managerial Personnel and Senior Management may have interests other than reimbursement of expenses incurred and normal remuneration or benefits in the Company.
- The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Adverse publicity regarding the company's products could negatively impact it.
- The company is exposed to losses due to fraud, employee negligence, theft or similar incidents, which may have an adverse impact on its business, financial condition, cash flows and results of operations.
- Industry information included in this Red Herring Prospectus has been derived from industry reports. There can be no assurance that such third-party statistical, financial and other industry information is either complete or accurate.
- Information relating to the historical capacity of the company's manufacturing facilities included in this Red Herring Prospectus is based on various assumptions and estimates and its future production and capacity may vary.
The Issue type of LAPL Automotive Ltd is Book Building - SME.
The minimum application for shares of LAPL Automotive Ltd is 2400.
The total shares issue of LAPL Automotive Ltd is 3446400.
Initial public issue of 34,46,400 equity shares of face value Rs. 10 each (the "Equity Shares") of LAPL Automotive Limited ("The Company" or the "Issuer") for cash at an price of Rs. 94 per equity share (including a securities premium of Rs. 84 per equity share ("Issue Price"), aggregating to Rs. 32.40 Crores ("the Issue") of which 1,72,800 equity shares of face value Rs. 10 each aggregating to Rs. 1.62 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 32,73,600 equity shares of face value of Rs. 10 each at an issue price of Rs. 94 per equity share aggregating Rs. 30.77 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.49% and 26.11% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 94/- per equity share of face value Rs. 10/- each.
The floor price is 9.4 times of the face value of the equity shares.
Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.