LAPL Automotive IPO
LAPL Automotive IPO closed on 10 Aug 2026. Allotment 11 Aug 2026, listing 13 Aug 2026. Price band ₹88–₹94, lot 1200 shares, GMP +₹50 (53.19%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹88–₹94 |
| Lot size | 1200 shares |
| Minimum investment | ₹2,25,600 |
| Issue size | ₹32.4 Cr |
| GMP | +₹50 (53.19%) |
| Open date | 6 Aug 2026 |
| Close date | 10 Aug 2026 |
| Allotment date | 11 Aug 2026 |
| Listing date | 13 Aug 2026 |
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…
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.