LAPL Automotive IPO
Auto Ancillaries • ₹32cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- Muted IPO demand (1.0x overall subscription)
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹88-94
Lot Size
1200 shares
Issue Size
₹32cr
Open
06 Aug 2026
Close
10 Aug 2026
Subscription
1.00×
GMP +₹30 → est. ₹124
IPO Schedule
| Issue Open Date | 06 Aug 2026 |
| Issue 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 directly to its clients. The company is IATF 16949:2016 certified and maintains an in-house facility for quality testing and assurance.
Company Details
Founders / Promoters
Mr Neeraj Goyal
Founded
2004
Registrar
Maashitla Securities Pvt Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Subscription Status
1.00×
Total Subscription
Grey Market Premium (GMP)
Issue Price
₹94
GMP
+₹30
Est. Listing
₹124
Est. Gain
+31.9%
GMP is unofficial grey market data — not regulated by SEBI. Use only as a sentiment indicator alongside subscription data. View all IPO GMP →
Investment Analysis
LAPL Automotive — IPOFins Verdict
QuantitativeDriven by overall subscription of 1.0x and elevated disclosed risk (9/10). SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- 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.
Score breakdown — what drove this verdict
High risk from DRHP → score -1.6
Total demand signal → score 0
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
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FAQ
What is the price band of LAPL Automotive IPO?
The price band is ₹88-94 per share with a lot size of 1200 shares. Minimum investment: ₹1,12,800.
What does LAPL Automotive do?
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.
Should I apply for LAPL Automotive IPO?
LAPL Automotive is drawing muted interest at 1.0x overall subscription. IPOFins Score 3/10: Driven by overall subscription of 1.0x and elevated disclosed risk (9/10). SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded LAPL Automotive?
LAPL Automotive was founded by Mr Neeraj Goyal in 2004.