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LAPL Automotive Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on April 4, 2025 to raise funds through Initial Public Offer (IPO).
LAPL Automotive Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the BSE SME. Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to LAPL Automotive IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Reserved for Market Maker | 1,64,800 shares (aggregating up to ₹1.29 Cr) |
| Net Offered to Public | 32,40,000 shares (aggregating up to ₹25.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 88,00,000 shares |
| Share Holding Post Issue | 1,20,40,000 shares |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Apr 4, 2025 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,49,600 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,49,600 |
| HNI (Min) | 3 | 4,800 | ₹3,74,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2004, LAPL Automotive Pvt. Ltd., is engaged in the business of designing, manufacturing and supply of a wide range of automotive components and accessories.
The company is specializes in the manufacturing of automotive lighting and signaling products.
The company operates as an ODM and OBM under its brand "LAPL," designing and manufacturing automotive components in Aurangabad, Maharashtra, delivering tailored, high-quality solutions to clients and vehicle manufacturers.
The manufacturing facility is strategically located in the MIDC Waluj area of Aurangabad, Maharashtra, equipped with state-of-the-art machinery, tool room facilities, and a dedicated testing lab to ensure the highest quality standards.
Product Portfolio:
As on December 31, 2024, the company has employed 56 permanent employees and 188 contract labour employees.
Competitive Strengths:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 41.24 | 32.16 | 24.68 | 17.91 |
| Total Income | 48.77 | 61.2 | 60.72 | 43.92 |
| Profit After Tax | 3.4 | 2.47 | 1.21 | 1.21 |
| Net Worth | 14.32 | 10.92 | 8.45 | 6.64 |
| Reserves and Surplus | 5.52 | 7.72 | 5.25 | 4.04 |
| Total Borrowing | 14.54 | 13.7 | 7.97 | 4.87 |
| Amount in ₹ Crore | ||||
The market capitalization of LAPL Automotive IPO is ₹93.91 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 25.53% |
| ROCE | 16.99% |
| Debt/Equity | 1.25 |
| RoNW | 22.64% |
| PAT Margin | 4.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.81 | 3.76 |
| P/E (x) | 27.76 | 20.75 |
The Company LAPL Automotive IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the company towards setting up an additional Manufacturing Unit at Auric City, Aurangabad, Maharashtra. | 181.32 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 10 |
| 3 | General Corporate Purpose |
LAPL Automotive Ltd.
Plot no. C-241,
MIDC Waluj,
Aurangabad, 431133
Maharashtra, 431133
Phone: +91 8378994623
Email: compliance@laplautomotive.com
Website: https://laplautomotive.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
LAPL Automotive IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The LAPL Automotive IPO open and close dates are not available as of now.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in LAPL Automotive IPO using UPI as a payment gateway. Zerodha customers can apply in LAPL Automotive IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in LAPL Automotive IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The LAPL Automotive IPO dates are not announced. Please check back again after some time.
LAPL Automotive IPO lot size is 1600, and the minimum amount required for application is ₹2,49,600, with 2 lots being the minimum application size.
You can apply in LAPL Automotive IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for LAPL Automotive IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the LAPL Automotive IPO allotment status.
The LAPL Automotive IPO listing date is not yet announced. The tentative date of LAPL Automotive IPO listing is [.].
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