Laser Power & Infra Summary
The business activity includes manufacturing of power cables, conductors, and speciality products & components for India's power transmission and distribution industry. It manufactures High Tension power cables, Low Tension aerial bunched cables, Low Tension power cables, ACSR conductors, High Tension covered conductors, aluminium wire rods, RDSO signaling control and quad cables, and other speciality cables. These are offered to various government power utility companies, railways, EPC contractors, and infrastructure developers in India and 10 other countries. Apart from manufacturing operations, the company has strategically ventured into Engineering, Procurement, and Construction (EPC) domain from 2015 onwards where it specializes in rural electrification works, urban power distribution network, installation of substations, and other turnkey solutions in the power sector. Products are marketed B2B route to government owned DISCOMs, Indian Railways, rural electrification organizations, and private infrastructure developers. The company is an authorized stranding partner of US based TS Conductor and offers locally manufactured advanced high capacity conductors which are light-weighted, high tensile, and energy efficient compared to traditional ACSR conductors.
When considering the process followed by the firm in conducting its operations, it manufactures all of its products using three manufacturing plants situated in West Bengal, India, which have a total installed capacity of 73,100 MT as of March 31, 2025. These plants manufacture products such as power and control cables, specialty products, and power conductors. The EPC division of the company undertakes turnkey projects for rural electrification, substation and power distribution. Visibility of revenue streams is made possible by the company's diversified range of products, its marquee customer list, strategic relationships with international firms, and strong backward integration skills which have made the company one of the fastest growing producers of power cables and conductors in India.
BSE and NSE Mainboard book-built issue by Laser Power & Infra Ltd., wherein face value is ₹5 per share with the price band of ₹203–₹214 per share. Total issue size of ₹742.00 Cr, comprising a fresh issue of ₹542.00 Cr and an Offer for Sale of ₹200.00 Cr by promoter selling shareholders. The issue is bifurcated between QIBs including Anchor (not more than 50% of net offer), NII (not less than 15% of net offer), and Retail Investors (not less than 35% of net offer), and the tentative listing of the stock will be on BSE and NSE Mainboard on July 16, 2026.
Laser Power & Infra IPO Details:
Laser Power & Infra Limited Issue Management:
IIFL Capital Services Ltd. and ICICI Securities Ltd. acts as the book-running lead manager for Laser Power & Infra NSE BSE Mainboard IPO, managing underwriting and compliance.
Laser Power & Infra Limited IPO RTA (Registrar) Details:
MUFG Intime India Pvt.Ltd. handles allotment, refunds, and demat credits - contact at 022-49186000 or laserpower.ipo@in.mpms.mufg.com.
Laser Power & Infra Limited IPO Allotment Status:
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Visit the MUFG Intime India Pvt.Ltd. IPO Application Status page.
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Laser Power & Infra Mainboard IPO totals ₹742.00 Cr, comprising a fresh issue of ₹542.00 Cr and an OFS of ₹200.00 Cr by promoter selling shareholders. Fresh issue proceeds go to the company while OFS proceeds go to selling shareholders.
Laser Power & Infra Limited IPO proceeds from the fresh issue of ₹542.00 Cr will be deployed towards:
(OFS proceeds of ₹200.00 Cr will go to promoter selling shareholders — Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel)
Laser Power & Infra Mainboard IPO offers 3,46,72,897 total equity shares (net offer to public 3,46,72,897 shares). Minimum retail investment: ₹14,980 (1 lot at ₹214).
The anchor bidding for Laser Power & Infra Limited Mainboard IPO is scheduled for July 8, 2026, one working day before the issue opens on July 9, 2026. Anchor investors will be allotted shares in accordance with SEBI mainboard IPO regulations — up to 60% of the QIB portion may be allocated to anchor investors.
Lock-in: The anchor allotment follows standard mainboard IPO norms, where 50% of the anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date of July 16, 2026 on BSE and NSE.
The anchor allocation details and investor list will be disclosed in the anchor book before the IPO opening. ICICI Securities Ltd. is the BRLM and MUFG Intime India Pvt. Ltd. is the registrar. Company HQ: West Bengal, India. Three manufacturing units in West Bengal with combined installed capacity of 73,100 MT as of March 31, 2025. Promoters: Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. Pre-IPO promoter holding: 100%, reducing to 75.29% post-IPO.
Laser Power & Infra Ltd is a vertically integrated company involved in the manufacture of power cables, conductors and specialty products running three manufacturing facilities in West Bengal with 73,100 MT total capacity and an expanding EPC business. The revenue saw a substantial increase from ₹1,763.65 Cr in FY24 to ₹2,592.53 Cr in FY25 (47%) followed by a drop of 9% to ₹2,347.89 Cr in FY26. However, despite the decrease in the revenue, PAT increased by 42% from ₹106.75 Cr (FY25) to ₹151.59 Cr (FY26). EBITDA was ₹156.10 Cr (FY24) and increased to ₹250.39 Cr (FY25) and further increased to ₹301.44 Cr (FY26). FY26 Key Performance Indicators: ROE 23.32% | ROCE 17.83% | RoNW 20.90% | PAT Margin 6.46% | EBITDA Margin 12.96% | Pre-issue P/E 16.24x | Post-issue P/E 19.82x | P/B 3.39x | Market Cap ₹3,003.88 Cr. Employees: 660 permanent (as of August 31, 2025). GMP as of July 6, 2026: ₹0 — neutral market sentiment, estimated listing at ₹214.
Action Links:
To apply for Laser Power & Infra Limited IPO, open a demat account here
Laser Power & Infra Limited IPO Subscription Status: Check live subscription here
Laser Power & Infra Limited IPO GMP Update: Check latest grey market premium here
Laser Power & Infra Key Highlights:
Laser Power & Infra Ltd. (Incorporated 1988, Kolkata, West Bengal) is an integrated manufacturer of power cables, conductors, and specialty products for India's power transmission and distribution sector. Three manufacturing plants located in West Bengal — Unit I at Dhulagarh (HT power cables, RDSO signaling cables, conductors); Unit II at Dhulagarh (aluminium wire rods, HT covered conductors) and Unit III at Kharagpur (LT aerial bunched cables, LT power cables, ACSR conductors), with an aggregate installed capacity of 85,448 MT as of March 31, 2026. EPC business provides complete solutions for rural electrification, substation installation and power distribution infrastructure. Order book as on March 31, 2026: ₹3,243 Cr. Operating in 26 states, 4 union territories and 10 countries. Licensee stranding facility of the USA based TS Conductor for manufacturing high-end high capacity conductors. Customers include Indian Railways, various DISCOMs of Odisha, Montecarlo Ltd. and KRYFS Power Components Ltd. Workforce strength: 660 permanent (as of August 31, 2025). Promoters: Deepak Goel, Devesh Goel, Akshat Goel, Rakhi Goel. Promoter shareholding pre-IPO: 100% → post-IPO: 75.29%.
Laser Power & Infra Risk Factors:
The risks of Laser Power & Infra Limited IPO are mentioned below:
Income Reduction in FY26: The total income fell by 9% from ₹2,592.53 Cr (FY25) to ₹2,347.89 Cr (FY26). In spite of revenue contraction in the year, investors are ready to pay the post-issue P/E of 19.82x.
Very High Level of Borrowings: The total borrowings have increased from ₹393.75 Cr (FY24) to ₹502.95 Cr (FY25) and further to ₹828.23 Cr (FY26). With the D/E ratio of 1.10x, the whole amount raised through fresh issuance of equity, which is ₹542 Cr, is nothing but refinance of debt – of which ₹490 Cr is used for debt repayments.
Refinance of Debt Through IPO: Of ₹542 Cr fresh issuance, ₹490 Cr (90.4%) is allocated towards debt repayments and thus there is very little scope for productive utilization of money raised through IPO.
Promoters' Selling Through OFS: ₹200 Cr of OFS means that the promoters are exiting while debt repayments happen simultaneously.
Thinness of PAT/EBITDA Margins: Even with the revenue scale of ₹2,347 Cr, PAT and EBITDA margins are thin at 6.46% and 12.96% respectively compared to other large companies like KEI Industries and Polycab India.
Government & DISCOM Customer Concentration: Heavy dependence on government-owned DISCOMs and rural electrification agencies creates vulnerability to delayed payments, policy changes, and project cancellations.
Sector Competitive Intensity: Operates in a highly competitive market against established large-cap players including Universal Cables, Dynamic Cables, KEI Industries, Polycab India, and Apar Industries — all with significantly larger scale and balance sheet strength.
GMP of ₹0: Three consecutive days of zero GMP reflects neutral-to-cautious market sentiment ahead of a ₹742 Cr mainboard IPO, despite strong PAT growth trajectory.
Laser Power & Infra Expert Analysis:
Laser Power & Infra Mainboard book-built IPO is priced at ₹203–₹214 per share (face value ₹5), aggregating ₹742.00 Cr comprising a fresh issue of ₹542.00 Cr and OFS of ₹200.00 Cr. Listing on both BSE and NSE.
Basic details of the IPO:
Type of IPO: Book‑built Mainboard IPO (NSE BSE Mainboard)
Uses of funds: Pre-payment/repayment of outstanding borrowings (₹490 Cr) and general corporate purposes (from fresh issue); OFS proceeds (₹200 Cr) go to selling promoters (₹52.00 Cr)
Anchor bidding: July 8, 2026 | Opens: July 9, 2026 | Closes: July 13, 2026 | Allotment: July 14, 2026 | Listing: July 16, 2026 (BSE & NSE)
Lead Manager: ICICI Securities Ltd. & IIFL Securities Ltd | Registrar: MUFG Intime India Pvt. Ltd.
Expert View on the IPO:
Laser Power & Infra is amongst India’s rapidly growing power cables and conductors manufacturer with ₹2,347 Crore revenue, 73,100 MT capacity at three plants in West Bengal, and a strategically placed EPC business segment supplementing the manufacturing arm. Profit after Tax (PAT) growth of 42% to ₹151.59 Crore in FY26 despite revenue contraction of 9% is remarkable. However, the company is essentially looking to raise funds for financial restructuring — 90.4% of fresh issue funds will go towards debt reduction and not capacity enhancement. This is further reinforced by a promoter OFS of ₹200 Crore, weak PAT margin (6.46%), a very high debt/equity ratio of 1.10x and GMP of ₹0. Thus, the IPO can be selectively considered. Given its relatively low post-issue P/E of 19.82x compared to its industry peers KEI Industries at 58.64x and Polycab India at 56.98x, the IPO is attractively valued.
Should you invest in Laser Power & Infra?
Suitable for long-term investors seeking exposure to India's power transmission and distribution infrastructure buildout through a growing integrated cable and EPC manufacturer at a reasonable post-issue P/E of 19.82x. Conservative investors should be cautious about debt-repayment-heavy IPO use of proceeds, revenue decline in FY26, thin PAT margins, and a GMP of ₹0 indicating muted near-term listing enthusiasm.
Consider investing when:
Seeking long-term exposure to India's power sector infrastructure growth through an integrated power cable manufacturer and EPC company, attractively priced at post-issue P/E of 19.82x vs large-cap peers at 50x+.
Comfortable with mainboard listing dynamics, debt-repayment-driven IPO use of proceeds, thin PAT margins, and revenue cyclicality in the power sector.
Do not invest when:
Risk-averse about IPO proceeds primarily directed at debt repayment (₹490 Cr out of ₹542 Cr fresh issue), declining FY26 revenue, OFS promoter exit (₹200 Cr), and a GMP of ₹0 reflecting neutral market sentiment.
Preferring companies where IPO proceeds fund capacity expansion and organic growth rather than balance sheet deleveraging.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Laser Power & Infra Limited IPO, open a demat account here
Laser Power & Infra Limited IPO Subscription Status: Check live subscription here
Laser Power & Infra Limited IPO GMP Update: Check latest grey market premium here
1. What is the Laser Power & Infra Limited IPO open and close date?
Laser Power & Infra Mainboard IPO opens July 9, 2026 and closes July 13, 2026. Allotment: July 14. Refunds & Demat credit: July 15. Listing on BSE and NSE: July 16, 2026.
Track Laser Power & Infra Limited IPO subscription status live here from Finnpick.
2. What is the Laser Power & Infra Limited IPO price band and lot size?
The IPO is a book-built Mainboard issue with a Price band: ₹203–₹214 per share (face value ₹5). Lot size: 70 shares. Minimum retail investment: ₹14,980 (1 lot at ₹214). Maximum retail: 13 lots (910 shares) = ₹1,94,740.
3. What is Laser Power & Infra Limited IPO total size?
The total issue size is ₹742.00 Cr comprising fresh issue of ₹542.00 Cr and OFS of ₹200.00 Cr by promoter selling shareholders (Deepak Goel, Devesh Goel, Akshat Goel, Rakhi Goel). Listing on both BSE and NSE (Mainboard).
4. How to apply for the Laser Power & Infra Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by July 13, 4 PM. Monitor Laser Power & Infra Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Laser Power & Infra Limited IPO Allotment Status?
The allotment date is on July 14th and can be checked on MUFG Intime India Pvt. Ltd. RTA portal using PAN/DP ID.
6. What is Laser Power & Infra Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 as of July 06, indicating listing at the price range of ₹214 - check daily updates of Laser Power & Infra Limited IPO GMP trends here and live subscription status here from July 9th opening only on Finnpick.
7. What does Laser Power & Infra Limited specialize in?
Laser Power & Infra Ltd. is an integrated manufacturer of power cables, conductors, and speciality products for India's power transmission and distribution industry. The company operates three manufacturing units in West Bengal with 73,100 MT combined installed capacity, and also executes EPC contracts for rural electrification, substation installation, and power distribution infrastructure. It serves government DISCOMs, rural electrification agencies, and private infrastructure developers.
8. When is the Laser Power & Infra Limited IPO listing date?
The IPO is scheduled to list on NSE BSE Mainboard on 16th July 2026, subject to final confirmation from the exchange. Basis of allotment is tentatively on 14th July 2026, with refunds and demat credits around 15th July 2026.
9. What are the Laser Power & Infra Limited IPO proceeds utilization details?
The Fresh issue proceeds of ₹542 Cr directed at: pre-payment/repayment of outstanding borrowings (₹490 Cr) and general corporate purposes (₹52.00 Cr). OFS proceeds of ₹200 Cr go to promoters selling shareholders. Note: 90.4% of fresh issue proceeds are for debt repayment — no fresh capex allocation from this IPO.
10. Who are the promoters of Laser Power & Infra Limited?
The promoters of Laser Power & Infra Ltd. are Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. Pre-IPO promoter holding: 100%, reducing to 75.29% post-IPO (24.71% dilution through fresh issue + OFS).
11. Should I apply for the Laser Power & Infra IPO?
You may consider applying if comfortable with an integrated power cable and EPC manufacturer at a reasonable post-issue P/E of 19.82x (vs 50x+ for Polycab and KEI), with PAT growing 42% in FY26 and strong India power sector tailwinds. Avoid if risk-averse about high debt (₹828 Cr), revenue decline in FY26, debt-repayment-heavy IPO proceeds (₹490 Cr out of ₹542 Cr), OFS promoter exit, thin PAT margins (6.46%), and GMP of ₹0. Minimum retail investment ₹14,980 makes this accessible. Not investment advice — read the RHP and consult a SEBI-registered advisor before investing.
