LAPL Automotive544863Periodic business update

Half-yearly business update: BSE SME listing, Unit IV construction, three new vendor codes, new products

H1FY27 business update: BSE SME listing on Aug 13, 2026 via ₹32.40 Cr IPO at ₹94/share (241.38x subscribed, listed at ₹135, +43.6%); Unit IV construction started; 3 new vendor codes received; new bus mirror added, Rear Reflector.

By ScoutQuest · Fri 16 Oct 2026, 4:17 PM IST · 2 min read

IPO Size and Price: ₹32.40 Cr IPO at ₹94/share, BSE SME listing on Aug 13, 2026
IPO Subscription: 241.38x subscribed
Listing Premium: listed at ₹135, +43.6%

What this update covers

The company has shared a business update for the half year ended September 30, 2026, covering its listing, plant construction, new vendor codes, an industry exhibition and product development. It is a progress update, not a financial results release.

Listing on the BSE SME platform

The company listed on August 13, 2026 through an IPO of ₹32.40 Cr at ₹94 per share.
The IPO was subscribed 241.38 times.
The shares listed at ₹135, a premium of 43.6% to the issue price.

Unit IV construction

The Bhumi Pujan was completed on August 19, 2026, and construction of the fourth manufacturing facility at Chhatrapati Sambhajinagar has commenced.
The stated aim is to strengthen manufacturing, testing and in-house production capabilities.

Three new vendor codes

In August 2026, the company received three new vendor codes from leading automotive companies.
These enable participation in upcoming RFQs and development programmes.

Products, portfolio and market presence

A new bus mirror has been added to the product portfolio.
The Rear Reflector (RR), BGAUSS mirror and Splendor rotor were successfully developed.
The company participated in ACMA Automechanika 2026 in New Delhi, strengthening its aftermarket presence.
It offers platform-agnostic LED lighting solutions for both ICE and EV platforms, with EV-segment customers secured across commercial and two-wheeler platforms.
Focus is increasing on LED and projector lighting, and on BLDC and high-efficiency motors.

Business metrics as on September 2026

Manufacturing units: 3 (Aurangabad, Maharashtra)
Business model: ODM & OBM
Product divisions: 4 (Lighting, Motor, Mirror, Hoods)
Product certifications: ARAI, ICAT, CIRT, VRDE

Management view

Mr. Neeraj Satyaprakash Goyal, Chairman & Managing Director, said the company intends to use its listed status to strengthen manufacturing capabilities, expand its product range, deepen market presence and evolve from a component supplier to a long-term OEM development partner.

Points to note

The update states that the figures mentioned are management estimates and are subject to final audit adjustments. It also carries a forward-looking statement disclaimer covering risks and uncertainties that could cause actual results to differ materially.

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