Initial public issue of up to 34,46,400 equity shares of face value Rs. 10/- each (the "Equity Shares") of LAPL Automotive Limited ("The Company" or "LAPL" or the "Issuer") for cash at an price of Rs. 88-94 per equity share (including a securities premium of Rs. 78-84 per equity share ("Issue Price"), aggregating up to Rs. 30.33-32.40 Crores ("the Issue") of which up to 1,72,800 equity shares aggregating to Rs. 1.52-1.62 Crores will be reserved for subscription by market maker to the issue ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of up to 32,73,600 equity shares of face value of Rs. 10/- each at an price of Rs. 88-94 per equity share aggregating up to Rs. 28.81-30.77 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute up to 27.49% and up to 26.11% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 88/- to Rs. 94/- per equity share of face value Rs. 10/- each.
The floor price is 8.8 times of the face value and the cap 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.