Institutional Alpha Dossier
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MAINBOARD
SYNCING
GMP: ₹-
Est. Listing: Calculating...
01
Bidding Opens
-
Issue Open
02
Bidding Closes
-
Closing Date
03
Basis of Allotment
-
Registrar Finalization
04
Exchange Listing
-
Secondary Debut
Issue Price Valuation
₹-
Upper Cap Price
Price Band Cap:
Book Built / Fixed
Lot Size & Retail Matrix
- Shares
Minimum Market Lot
Min Capital:
₹-
Application Size:
-
Quant Grade & Moat Score
Proprietary Multi-Factor Moat Model
Synthesizing institutional thesis...
💼 MINIMUM INVESTMENT
Capital Matrix
Retail (Min Lot)
Up to ₹2 Lakhs Category
₹ 225600
HNI (Min Lot)
sNII / High Net-Worth Tier
₹ 338400
HNI Capital Multiple:
Institutional Lot Sizing
🍩 RESERVATION QUOTA (%)
Issue Allocation
100%
Total Issue
Anchor
28.34%
Market Maker
5.01%
QIB
18.94%
NII / HNI
14.42%
Retail
33.29%
Institutional Corporate Dossier
LAPL Automotive
COMPANY PROFILE & DNA
Incorporation / Founded
13-11-04
Active Vintage
Corporate Headquarters
Aurangabad, Maharashtra
Registered Hub
👔 Leadership & Promoter Group
Key Management
Mr. Neeraj Satyaprakash Goyal, Mr. Shubham Neeraj Goyal, and Mrs. Anita Neeraj Goyal
⚙️ Business Overview & Portfolio
Core Offerings
Integrated automotive components manufacturer operating across ODM and OBM models
🎯 Target Market & End-Use
Revenue Drivers
Caters to automobile OEMs across passenger vehicles, commercial vehicles, and electric mobility segments
🛡️
★ Unique Selling Proposition (Core Economic Moat)
Experienced Promoters having deep domain knowledge to scale up the business with in-house manufacturing capabilities
Objects of the Issue (Use of Proceeds & Allocation)
🎯 Objective 01
Funding of Capital Expenditure requirements towards setting up a new manufacturing facility
₹ 19.56
Allocation
🎯 Objective 02
Repayment and/or prepayment of all or a portion of certain outstanding secured borrowings
₹ 4.79
Allocation
🎯 Objective 03
General Corporate Purposes
Balance
Allocation
🎯 Objective 04
Not Mentioned
Not Mentioned
Allocation
Financial Performance & Multi-Year Trajectory
All Figures in ₹ Crores
Latest Total Income📊
₹-
Top-Line
EBITDA Margin⚡
-%
Operating
Net Profit (PAT) Margin📈
-%
Bottom-Line
Debt / Net Worth🛡️
-x
Leverage
📊 Income, EBITDA & Profit Growth Trajectory
Income
EBITDA
PAT Trend
🏛️ Balance Sheet: Net Worth vs Debt
Net Worth
Borrowing
| Particulars | 0 | FY26 | FY25 | FY24 |
|---|---|---|---|---|
| Total Income | 0 | 94.32 | 67.07 | 61.03 |
| EBITDA | 0 | 13.44 | 8.22 | 4.07 |
| Profit After Tax (PAT) | 0 | 8.63 | 5.03 | 2.17 |
| Net Worth | 0 | 25.25 | 16.63 | 11.59 |
| Total Borrowing | 0 | 20.99 | 15.79 | 13.37 |
Growth Engine & Compounding Velocity (KPIs)
Multi-Year Trajectory
94.32
₹ Cr
YoY Growth
40.63%
3-Year CAGR
0.2432
13.44
₹ Cr
YoY Growth
63.50%
3-Year CAGR
0.8171
8.63
₹ Cr
YoY Growth
71.57%
3-Year CAGR
0.9942
Capital Efficiency & Return Ratios (ROE vs ROCE)
Capital Allocation Audit
◈ ROE (Return on Equity)
Calculating...
-%
Current ROE
◈ ROCE (Capital Employed)
Calculating...
-%
Current ROCE
| MetricMetric | Current (%)Curr% | Last Year (%)Last% | 3-Yr Avg (%)3Y Avg | Trend StatusTrend |
|---|---|---|---|---|
| ROE (Return on Equity)ROE | 34.18% | 30.25% | 27.72% | Good |
| ROCE (Capital Employed)ROCE | 29.07% | 25.35% | 23.59% | Good |
Forensic Analysis & Reality Check
Earnings Quality & Dilution Audit
0.15
CFO / EBITDA
Cash Flow Conversion Efficiency
Checking...
Analyzing operating cash flow conversion...
| Parameter | Pre-IPO | Post-IPO | View |
|---|---|---|---|
| Debt / Equity | 0.83 | 0.28 | Low |
| EPS (₹) | 6.88 | 6.88 | Accretive |
| ROE (%) | 34.18% | 14.97% | Bad |
| ROCE (%) | 29.07% | 17.09% | Good |
| P/E (Valuation) | 13.65 | 13.65 | Reasonable |
⏳ Debtor Days Trend (Receivables Cycle)
Analyzing...
FY24
FY25
FY26
Lower receivable days indicate faster cash collection from clients.
⚠️ Contingent Liabilities
Off-Balance Sheet
₹ 0.07 Cr
*Potential hidden obligations & legal/tax claims
Peer Comparison Analysis & Competitive Matrix
Industry Benchmarking
| Company NameComp | Revenue (Cr)Rev | P/E RatioP/E | ROCE (%)ROCE | ROE (%)ROE | OPM (%)OPM |
|---|---|---|---|---|---|
| LAPL Automotive Limited IPO CANDIDATE | 94.32 | 13.65 (Ask) | 29.07% | 14.97% (Post Issue) | 14.25% |
| Minda Corporation Limited | 6200.57 | 45.35 | 0.1286 | 13.55% | 11.88% |
| Fiem Industries Limited | 2836.4 | 23.77 | 26.65% | 21.04% | 14.69% |
| 0 | 0 | 0 | 0.00% | 0.00% | 0.00% |
| 0 | 0 | 0 | 0.00% | 0.00% | 0.00% |
| 0 | 0 | 0 | 0 | 0 | 0 |
▲ Positive Catalysts (Strengths + Opportunities):
8 Factors
▼ Risk Vectors (Weaknesses + Threats):
8 Factors
Strengths
Internal Competitive Moat
- Integrated ODM and OBM models
- In-house manufacturing capabilities
- Experienced Promoters
- Established track record
Weaknesses
Internal Operational Constraints
- Geographical concentration in Maharashtra
- Dependence on top customers
- No long term customer contracts
- Underutilized manufacturing capacity
Opportunities
External Growth Tailwinds
- Growing EV market
- Platform-based product development
- Aftermarket brand development
- Capacity expansion
Threats & Risks
External Macro & Sector Headwinds
- High industry competition
- Raw material price volatility
- Rapid technological changes
- Interest rate fluctuations
Top 10 Anchor Investors & Smart-Money Allocation
INSTITUTIONAL BOOK
Top 10 Anchor Commitment
₹- Cr
Smart-Money Quality Score
- / 5.0 ★
Marquee Conviction
SEBI Anchor Lock-In Schedule
30D (50%) • 90D (50%)
Mandatory Lock-In
Anchor Book Allocation Pending Exchange Filing
Institutional anchor investor bidding & allocation disclosures are officially filed with NSE/BSE 1 working day prior to the IPO opening date.
| Rank | Marquee Anchor Institution | Smart-Money Grade | Amount Invested | Anchor Share (%) |
|---|
135
Moat supported by consistent >15% ROE and ROCE, steady EBITDA margin expansion, and strong B2B client stickiness, but penalized for >91% top 5 client concentration, highly competitive industry, and rising debtor days.
28.34
5.01
QIB Quota
Qualified Institutional Buyers
Smart Money
-x
Institutional Book
Inst. Conviction:
Evaluating
NII / HNI Quota
sNII (₹2L-10L) & bNII (₹10L+)
HNI Desk
-x
Non-Institutional
HNI Competition Ratio:
-
Retail (RII) Quota
Individual Investors (Up to ₹2L)
SEBI Lottery
-x
Retail Book
Retail Allotment Odds:
-