LAPL Automotive Ltd - IPO

LAPL Automotive Ltd IPO Details

Initial public issue of 34,46,400 equity shares of face value Rs. 10 each (the Equity Shares) of LAPL Automotive Limited (The Company or the Issuer) for cash at an price of Rs. 94 per equity share (including a securities premium of Rs. 84 per equity share (Issue Price), aggregating to Rs. 32.40 Crores (the Issue) of which 1,72,800 equity shares of face value Rs. 10 each aggregating to Rs. 1.62 Crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of 32,73,600 equity shares of face value of Rs. 10 each at an issue price of Rs. 94 per equity share aggregating Rs. 30.77 Crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 27.49% and 26.11% respectively of the post-issue paid-up equity share capital of the company.Price Band: Rs. 94/- per equity share of face value Rs. 10/- each.The floor price is 9.4 times of the face value of the equity shares. Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter.

Objective of issue

Funding of Capital Expenditure requirements towards setting up a new manufacturing facility at plot No-68-1, Sector No.5, Auric City Shendra,. Repayment and/or prepayment of all or a portion of certain outstanding secured borrowings availed by the Company. General corporate purposes.

LAPL Automotive Ltd Contact Details

LAPL Automotive Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - compliance@laplautomotive.com

Website - https:, laplautomotive.com