LAPL Automotive IPO Day 2 Live: Fully subscribed; Retail booked over 47x

LAPL Automotive’s initial public offering (IPO) has witnessed robust investor interest, closing Day 2 with a cumulative subscription of 31.21 times. The issue, priced between ₹88 and ₹94 per share, continues to attract significant demand across all categories, particularly from retail investors.

Subscription Status

As of the end of Day 2, the LAPL Automotive IPO is heavily subscribed. The Retail category leads the pack with a subscription multiple of 47.04x. Here is the detailed breakdown of the subscription status:

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	3.56 x
Non-Institutional Buyers (bHNI)	29.26 x
Non-Institutional Buyers (sHNI)	34.47 x
Retail	47.04 x
Employees	0 x
Total Subscribed	31.21 x

About the Company

LAPL Automotive is an automotive component manufacturer. The company has filed for an IPO with a minimum size of ₹211,200 crore and a maximum size of ₹500,000 crore. The minimum bid quantity for investors is set at 2,400 shares.

Key Dates

Investors looking to participate in the LAPL Automotive IPO should note the following details:

Price Band: ₹88 - ₹94
IPO Size: ₹211,200 crore - ₹500,000 crore
Minimum Bid Quantity: 2,400 shares

The issue remains open for subscription as per the regulatory timeline. Investors are advised to monitor the final subscription figures on Day 3 before making any decisions.

LAPL Automotive’s IPO opened for subscription today, attracting a total subscription of 4.31x on Day 1. The retail investor category showed significant interest, subscribing 6.93x, while Qualified Institutional Buyers (QIB) stood at 0x. The issue has a price band of ₹88 to ₹94 per share.

Subscription Status

The IPO saw varied participation across categories on its first day. Retail investors were the primary drivers of demand, whereas institutional participation was yet to materialize.

Category	Subscription Multiple
Qualified Institutional Buyers (QIB)	0 x
Non-Institutional Buyers (bHNI)	3.54 x
Non-Institutional Buyers (sHNI)	4.77 x
Retail	6.93 x
Employees	0 x
Total Subscribed	4.31 x

About the Company

LAPL Automotive is a key player in the automotive sector. The company’s IPO aims to raise capital through a fresh issue and/or offer for sale. Investors are closely watching the subscription trends as the book remains open.

Offer Details

Price Band: ₹88.00000 - ₹94.00000
Issue Size: ₹211200 (Min) - ₹500000 (Max)
Minimum Bid Quantity: 2400 shares
IPO Opens: Today

The issue size is set between ₹211200 and ₹500000. The minimum bid quantity for investors is 2400 shares. As the subscription window continues, investors will monitor whether institutional interest picks up in the coming days.