LAPL Automotive IPO
LAPL Automotive LtdSME
This IPO has listed.
- Open date
- 6 Aug 2026
- Close date
- 10 Aug 2026
- Min. Investment
- ₹2,25,600
- Lot Size
- -
- Fresh Issue
- ₹32.40 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers200.23x
- Non-Institutional Investors321.71x
- Retail-Individual Investors387.78x
- Total320.29x
Schedule
- Completed: IPO open date6 Aug 2026
- Completed: IPO close date10 Aug 2026
- Completed: Allotment date11 Aug 2026
- Completed: Funds unblock or debit12 Aug 2026
- Completed: Tentative listing date13 Aug 2026
About
Promoter shareholding in LAPL Automotive Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Neeraj Satyaprakash Goyal | 55,51,095 | 61.07% | 55,51,095 | 44.28% |
| Shubham Neeraj Goyal | 5,58,938 | 6.15% | 5,58,938 | 4.46% |
| Anita Neeraj Goyal | 17,44,188 | 19.19% | 17,44,188 | 13.91% |
| Neeraj Goyal HUF | 6,60,000 | 7.26% | 6,60,000 | 5.26% |
| Ritika Neil Agarwal | 2,83,662 | 3.12% | 2,83,662 | 2.26% |
LAPL Automotive IPO Strengths & Risks
- 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 Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Any non-compliance or delays in ESIC Return Filings may expose it to penalties from the regulators.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The Company may faces several risks associated with the Proposed Expansion, which could hamper its growth, prospects, cash flows and business and financial condition.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the 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.
- Risks Relating to the Business: All of the company's directors lack prior experience as Directors in Listed Companies.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Few documents of the Neeraj Goyal, promoter of the company, is untraceable.
- Risks Relating to the Business: One of the company's Promoter and Non-Executive Director, Anita Goyal has limited formal Educational Qualifications.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The Company may be not be able to procure Equipment/Machineries at costs specified in "Objects to Issue Chapter" of the Red Herring Prospectus.
- Risks Relating to the Business: The Company may be exposed to risks arising from employee attrition and inability to retain skilled and experienced personnel.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company's business is significantly dependent on the expertise, experience, and continued involvement of its directors, senior management, and key managerial personnel.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoters is lower than the Issue Price.
- Risks Relating to the Business: The company's manufacturing facilities may operates at under-utilized capacity, which could adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Any Variation or changes in the Utilization of the Net Proceeds shall be subject to certain compliance requirements.
- Risks Relating to the Business: Any shortage or unavailability of Electricity or Water may adversely affect the company's manufacturing operations.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company is required to address contingent liabilities not provided for.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company may be negatively impacted by any early obsolescence of its manufacturing equipment and the spare parts or software used in such equipment.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: Adverse publicity regarding the company's products could negatively impact it.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
