About Laser Power & Infra IPO
Laser Power & Infra Limited is set to launch its IPO for public subscription on July 9, 2026, and will remain open until July 13, 2026.
The price band of the Laser Power & Infra IPO is set between ₹203 and ₹214 per share. The allotment is expected to be finalised on July 14, 2026. This IPO will list on both the BSE and NSE on July 16, 2026.
The Laser Power & Infra IPO is a ₹742 crore book-building issue, comprising a fresh issue of 2.53 crore equity shares aggregating to ₹542 crore and an offer for sale (OFS) of 0.93 crore equity shares aggregating to ₹200 crore, with a face value of ₹5 each.
Laser Power & Infra IPO Date, Price, and Other Details
The following are the details of the upcoming IPO of Laser Power & Infra.
| Particulars | Details |
|---|---|
| IPO Size | Book Build issue of ₹742 crore |
| Offer Type | Fresh issue of ₹542 crore + OFS of ₹200 crore |
| Price Band | ₹203 to ₹214 per share |
| Issue Dates | Opens: Jul 9, 2026 · Closes: Jul 13, 2026 |
| Minimum Bid Lot | 1 lot of 70 shares |
| Minimum Investment (Retail) | ₹14,980 (at upper band) |
| Allotment Date | Jul 14, 2026 |
| Credit to Demat | Jul 15, 2026 |
| Listing Date | Jul 16, 2026 |
| Face Value | ₹5 per share |
| Lead Manager (BRLM) | IIFL Capital Services Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Listing Exchanges | National Stock Exchange of India (NSE) & Bombay Stock Exchange (BSE) |
Business Overview of Laser Power & Infra
Laser Power & Infra Limited, headquartered in Kolkata, is an integrated manufacturer of power cables, conductors, specialised products, and similar components for India's power transmission and distribution industry.
The company also operates an engineering, procurement, and construction (EPC) business undertaking turnkey power infrastructure projects.
Laser Power & Infra’s manufacturing portfolio includes;
- Low and medium-voltage power cables
- Aerial bunched cables
- Control and quad cables
- Speciality cables
- Aluminium rods
- PVC compounds and a range of conductors (like ACSR, AAC, AAAC, AL-59, ACSS, and MV).
It is a registered supplier to Indian Railways, RDSO-accredited, and one of the largest approved vendors in East India for certain railway signalling and power cable products.
Also, Laser Power & Infra has an established customer base comprising government utilities, railways, Discoms, private EPC companies, and international clients.
Laser Power & Infra IPO Reservation: Who Can Apply?
The Laser Power & Infra IPO has the following investor category reservations:
| Investor Category | Lots | Shares | Amount (at ₹214) |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,980 |
| Retail (Max) | 13 | 910 | ₹1,94,740 |
| sNII (Min) | 14 | 980 | ₹2,09,720 |
| bNII (Min) | 67 | 4,690 | ₹10,03,660 |
| QIB | As applicable | — | — |
Strengths and Risks of Laser Power & Infra IPO
With every business owning its strengths and risks, even the Laser Power & Infra IPO has its potential plus points and downsides to be aware of.
Here is a brief business analysis (as per RHP) below:
Strengths
- One of the leading players in the power cables and conductors segment in the North-East region, with a PAN-India sales presence.
- Laser Power & Infra is a registered supplier to Indian Railways and RDSO-accredited, positioning the company as an established vendor in a regulated segment.
- Strategic manufacturing partnership with TS Conductor Corp (USA) to produce advanced conductor products, expanding the technology portfolio.
- Combined installed capacity of 85,448 MT across three West Bengal facilities, supporting both manufacturing and EPC operations.
- Backward integration and the introduction of high-value, high-margin products have supported margin improvement.
Risks
- Revenue of Laser Power & Infra declined by approximately 9% between FY25 and FY26, even as profitability improved.
- The order book of ₹3,243.40 crore may not necessarily translate into future revenue or profitability. Delays, cancellations, or execution issues could impact outcomes.
- The company and its promoters, directors, and key managerial personnel are involved in certain outstanding legal proceedings.
- Dependence on the manufacturing segment and exposure to volatility in raw material prices (aluminium, copper, PVC).
- The company operates in a competitive space alongside larger, more established peers in the power-cable and EPC industries.
Future Plans/Strategies
- Continue expanding manufacturing capacity and product range through backward integration.
- Deepen the strategic partnership with TS Conductor Corp to grow the advanced conductor product portfolio.
- Strengthen presence in the EPC segment across rural and urban electrification projects.
- Expand customer relationships across Discoms, railways, and international markets.
- Listing on exchanges to enhance brand visibility and support future growth plans.
Laser Power & Infra IPO Objectives – How Will the Funds Be Used?
The Laser Power & Infra IPO comprises both a fresh issue (₹542 crore) and an OFS (₹200 crore). The company will receive proceeds only from the fresh issue. Likewise, the OFS proceeds will go directly to the selling shareholder.
The key objectives of the offer, as stated in the RHP, include:
| Objective | Amount (₹ crore) |
|---|---|
| Repayment/prepayment of outstanding borrowings from banks | ₹490.00 |
| General corporate purposes | Shall not exceed 25% of gross proceeds |
Promoter Shareholding of Laser Power & Infra IPO
The promoters of Laser Power & Infra Limited comprise the Goel family, including Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel.
| Promoter | Pre-Issue Holding |
|---|---|
| Deepak Goel | 45.41% |
| Devesh Goel | 25.00% |
| Akshat Goel | 16.13% |
| Rakhi Goel | 13.45% |
Financial Performance (₹ in crores) of Laser Power & Infra IPO
Here's the table outlining the financial performance of Laser Power & Infra Limited from FY 2023 to FY 2025 and up to 31st December, 2025.
(in crores)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,632.36 | 2,270.17 | 1,986.99 |
| Total Income | 2,347.89 | 2,592.53 | 1,763.65 |
| Profit After Tax | 151.59 | 106.75 | 40.41 |
| EBITDA | 301.44 | 250.39 | 156.10 |
| NET Worth | 725.41 | 574.58 | 473.44 |
| Total Borrowing | 828.23 | 502.95 | 393.75 |
Key Performance Metrics of Laser Power & Infra
Based on the financials available in the RHP, the following key performance metrics of Laser Power & Infra Limited can be considered.
| KPI | As of Mar 31, 2026 | Values (as of FY 2024-25) |
|---|---|---|
| Return on Equity (ROE) | 23.32% | 19.76% |
| Net Asset Value (NAV) | 63.06 | 49.95 |
| Price/Earnings (P/E) Ratio | - | |
| Earnings Per Share (EPS - Diluted) | 13.18 | 9.00 |
| EBITDA Margin (%) | 12.96% | 9.74% |
| PAT Margin (%) | 6.46% | 4.12% |
| Debt to Equity Ratio | 1.10 | 0.67 |
(Note: P/E, market capitalisation, and post-IPO NAV are subject to final pricing and allotment. Refer to the RHP for complete details.)
Registrar of Laser Power & Infra IPO
The Registrar of Laser Power & Infra IPO is MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.).
Phone: 022-49186000
Email: laserpower.ipo@in.mpms.mufg.com
Lead Manager of Laser Power & Infra IPO
IIFL Capital Services Ltd is the lead manager handling the IPO process of Laser Power & Infra Limited.
How To Apply for the Laser Power & Infra IPO?
You can apply for the Laser Power & Infra IPO on any financial platform by following these simple steps:
Step 1: Open a Demat and trading account on broker's trading app.
Step 2: Log in and go to the IPO section
Step 3: Select Laser Power & Infra IPO
Step 4: Enter the lot size (minimum 100 shares) and bid price (₹130–₹138)
Step 5: Approve the UPI mandate to block funds
Step 6: Submit your application
Once applied, you can track the Laser Power & Infra IPO allotment status, and if allotted, shares will be credited to your Demat account before listing.
