LAPL Automotive IPO Day 1: Retail Investors Drive Early Bidding As ₹32.40 Crore SME Issue Opens

Mumbai, August 06:LAPL Automotive IPO opened for public subscription on Thursday, marking the beginning of a five-day bidding window for the ₹32.40 crore SME public issue. The book-built offering, which will remain open until August 10, is looking to raise fresh capital to support the company’s growth plans, with retail investors making the first moves on the opening day.

As is often the case with SME IPOs, institutional participation is expected to gather pace closer to the final days of bidding. Market participants will now track how demand builds across investor categories over the remaining subscription period.

Retail Segment In Focus On Opening Day

The IPO has opened at a price band of ₹88 to ₹94 per share, with investors required to bid for a minimum of 2,400 shares. At the upper end of the price band, the minimum investment for retail investors works out to ₹2.26 lakh.

The issue is structured as a fresh issue of 34.46 lakh equity shares, aggregating to ₹32.40 crore, with no offer for sale (OFS) component. Since the proceeds will flow directly to the company, investors will closely watch how subscription momentum develops over the next few sessions.

LAPL Automotive IPO Details

• Issue Size: ₹32.40 crore
• Issue Type: Fresh issue
• Price Band: ₹88 to ₹94 per share
• Lot Size: 2,400 shares
• Listing Platform: BSE SME

Reservation For Investors

The net issue has been allocated across investor categories as follows:

• QIB: 49.78%
• NII: 15.18%
• Retail: 35.04%

In addition, 1.73 lakh shares have been reserved for the market maker, while anchor investors were allotted 9.77 lakh shares ahead of the public issue.

Key IPO Dates

• IPO Opens: August 6, 2026
• IPO Closes: August 10, 2026
• Expected Allotment: August 11, 2026
• Refunds/UPI Mandate Release: August 12, 2026
• Shares Credited: August 12, 2026
• Expected Listing: August 13, 2026

About LAPL Automotive

Founded in 2004, LAPL Automotive Pvt. Ltd. manufactures and supplies automotive lighting and signalling products along with a range of automotive components and accessories. The company operates as both an ODM and OBM manufacturer under its “LAPL” brand, serving vehicle manufacturers from its production facility in Aurangabad, Maharashtra.

Conclusion

With subscriptions opening today, LAPL Automotive IPO has entered the market at a time when investor interest in SME public issues remains active. The coming sessions will determine whether retail demand is complemented by stronger participation from non-institutional and institutional investors before the issue closes on August 10.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/laplautomotivecompany_anchor_letterd53325de-1756-4bde-b3ee-8d5fff1d57c6.pdf