In an exciting development, LAPL Automotive Ltd. has taken a significant step towards its Initial Public Offering (IPO) by refiling its Draft Red Herring Prospectus (DRHP) on May 18, 2026 with the the BSE SME Notably, this company had previously submitted its IPO documents to SEBI on April 4, 2025.
A Snapshot of the Company:
Incorporated in 2004, LAPL Automotive Pvt. Ltd., is engaged in the business of designing, manufacturing and supplying a wide range of automotive components and accessories.
IPO Details and Strategic Objectives:
As per DRHP filled on May 18, 2026, the company is planning to offer consists solely of fresh issue of 0.36 crore equity shares.
Allocation strategy includes Not more than 50% of the Net Issue for Qualified Institutional Buyers (QIBs), Not less than 15% of the Net Issue for Non-Institutional Investors and Not less than 35% of the Net Issue for Retail Individual Biddersrespectively.
LAPL Automotive IPO Purpose
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements of the company towards setting up an additional Manufacturing Unit at Auric City, Aurangabad, Maharashtra. | 19.56 |
| 2 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 4.79 |
| 3 | General Corporate Purposes | |
| Total | 24.35 |
Financial Performance Highlights:
LAPL Automotive Ltd.’s total income grew by 9%, reached ₹67.07 crore in Mar 31, 2025, compared to ₹61.03 crore in Mar 31, 2024.
For the same period, profit after tax jumped 131% to ₹5.03 crore, compared to ₹2.17 crore.
For the latest period ended on Dec 31, 2025, its total income stood at ₹62.77 crore and PAT stood at ₹5.64 crore.
Key IPO Management Team:
Leading the charge, the Book-Running Lead Manager (BRLM) for the IPO is GYR Capital Advisors Pvt.Ltd., with Maashitla Securities Pvt.Ltd. entrusted as the Issue Registrar.
