LAPL Automotive Ltd - IPO

LAPL Automotive Ltd IPO Details

Initial public offer of 32,40,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of LAPL Automotive Limited ("the Company" or "LAPL" or "the Issuer") at an issue price of Rs. 78/- per equity share for cash, aggregating to Rs. 25.27 crores ("Public Issue"). The issue includes a reservation of 1,64,800 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 78/- per equity share for cash, aggregating Rs. 1.29 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. net issue of up to 30,75,200 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 78/- per equity share for cash, aggregating upto Rs. 23.99 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.91 % and 25.54 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 7.8 times of the face value.

Objective of issue

Funding of capital expenditure requirements of the company towards setting up an additional Manufacturing Unit at Auric City, Aurangabad, Maharashtra. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company. General corporate purpose.

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