LAPL Automotive IPO
LAPL Automotive IPO is an SME IPO raising ₹32 Cr at ₹88 – ₹94 a share. It listed on 13 Aug 2026 at ₹135, +43.6% against its issue price of ₹94, and trades at ₹127 today (+35.2% since issue). It was subscribed 320× in total.
320.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 72% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Minda Corporation Limited | 45.35× | 13.55% | ₹15.07 |
| Fiem Industries Limited | 23.77× | 21.04% | ₹97.11 |
| This issue | 9.6× | 34.16% | ₹9.8 |
derived: cut-off price Rs94 / stated EPS Rs9.8 (FY26 (year ended March 31, 2026) Basic and Diluted EPS, both stated as equal at ₹9.80; restated consolidated basis). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.