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(31/07/2026 17:20)

LAPL Automotive announces launch of initial public offering

LAPL Automotive Ltd. has announced public offering of 3446400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 84.00 per share. The gross proceeds of the issue are expected to be Rs 3,239.62 lakhs.

The company's initial public offer (IPO) will open on 06 August 2026 and is expected to close on 10 August 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 88.00-94.00 per share.

The IPO includes a fresh Issue of 3446400 Equity Shares of the Company at an price of Rs 94.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

LAPL Automotive Ltd. anticipates using the proceeds of the issue for .

GYR Capital Advisors Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
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