About Laser Power & Infra IPO
Laser Power and Infra IPO Details
The Laser Power and Infra IPO is a 100% book-built issue with a total offer size of ₹742 crore, which includes a fresh issue of up to ₹542 crore and an offer for sale (OFS) of up to ₹200 crore, with a face value of ₹5 per share. The company filed its DRHP with SEBI on Sep 27, 2025.
The price band of the issue is set at ₹203 to ₹214 per share and the lot size for an application is 70 shares. The minimum amount of investment required by an individual investor (retail investor) is ₹14,980 (70 shares). The IPO will be open for subscription from July 9 to 13, 2026, on the BSE and NSE platforms, with a tentative listing date fixed as July 16, 2026. The book-running lead managers (BRLMs) for this issue are IIFL Capital Services Ltd. and ICICI Securities Ltd. Meanwhile, MUFG Intime India Private Ltd. will act as the registrar to the issue.
Laser Power & Infra IPO Date & Timeline
The Laser Power & Infra IPO is officially set to open for subscription on July 9, 2026 and will close on July 13, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 27, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, allotment is expected on July 14, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on July 15, 2026. Finally, shares of Laser Power & Infra Ltd. are tentatively scheduled to list on the stock exchanges on July 16, 2026.
Laser Power & Infra IPO Timeline
| IPO Open Date | Thu, Jul 9, 2026 |
| IPO Close Date | Mon, Jul 13, 2026 |
| Tentative Allotment | Tue, Jul 14, 2026 |
| Initiation of Refunds | Wed, Jul 15, 2026 |
| Credit of Shares to Demat | Wed, Jul 15, 2026 |
| Tentative Listing Date | Thu, Jul 16, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Laser Power & Infra IPO Details
| Detail | Description |
|---|---|
| IPO Date | 9 to 13 Jul, 2026 |
| Listing Date | 16 Jul, 2026 |
| Face Value | ₹ 5 per Equity Share |
| Issue Price Band | ₹ 203 to ₹ 214 |
| Lot Size | 70 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 3,46,72,896 shares (agg. up to ₹ 742 Cr) |
| Fresh Issue(Ex Market Maker) | 2,53,27,102 shares (agg. up to ₹ 542 Cr) |
| Offer for Sale | 93,45,794 shares of ₹5 (agg. up to ₹ 200 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE and NSE |
| Share Holding Pre Issue | 11,50,41,240 Equity Shares |
| Share Holding Post Issue | 14,03,68,342 shares |
Laser Power & Infra IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Laser Power & Infra IPO GMP is currently trading at ₹35.5, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹249.5, which is 16.59% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Laser Power & Infra GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 11 Jul 2026 | ₹214 | ₹36 | 11 Jul, 202602:45 PM |
| 10 Jul 2026 | ₹214 | ₹35 | 10 Jul, 202603:26 PM |
| 9 Jul 2026 | ₹214 | ₹22 | 9 Jul, 202604:26 PM |
| 8 Jul 2026 | ₹214 | ₹15 | 8 Jul, 202610:14 AM |
| 7 Jul 2026 | ₹214 | ₹28 | 7 Jul, 202610:01 AM |
| 6 Jul 2026 | ₹214 | ₹28 | 06 Jul, 202610:07 AM |
Company Background
Laser Power and Infra Ltd. was incorporated in 1988 in Kolkata, West Bengal, as a private limited company under the name of “Laser Cables Private Limited”. The company has undergone various changes over the years to align its name with the expansion of its business operations; then, in September 2025, the company transformed into a public limited company to proceed with its public listing procedures.
This transition of Laser Power and Infra Ltd. reflects the growth and market presence created through the years of operation with consistent hard work. The company has transformed from a cable manufacturing company to a power solution provider. The company now operates in 2 segments of the business: manufacturing of electrical components and EPC services.
Operations & Product Range
Laser Power and Infra Ltd.'s operations are divided between high-quality manufacturing and turnkey project execution. In its manufacturing segment, it produces an extensive range of power cables (low/medium voltage (LV/MV), aerial bunched cables, specialised quad and signalling cables) and various types of aluminium conductors (ACSR and AAAC), which are essential for high-voltage power transmission.
The services segment of the company includes the EPC business, which offers turnkey solutions for power distribution, substation construction and rural electrification projects. Thus, the company caters to a large and diverse client base, which includes government organizations such as the Indian Railways and various power distribution companies, as well as various EPC companies from the private sector.
Facilities & Capacity
Manufacturing excellence is at the core of Laser Power and Infra Ltd.'s strategy. As of March 31, 2025, Laser Power and Infra operate three manufacturing units located in West Bengal (2 of these facilities are in Dhulagarh and the 3rd one is in Kharagpur) to boost the overall installed capacity of 73,100 metric tons (MT). The company has also expanded backward integration to manufacture aluminium rods, alloy rods and PVC compounds in-house. The manufacturing units are equipped with testing labs certified by NABL to ensure that all the products meet the stringent requirements.
Brands & Market Presence
Laser Power and Infra Ltd. has built a strong market presence in Eastern India. It has expanded its presence across the country through its EPC projects. The manufacturing segment of the company provides the hardware, while the EPC segment ensures the "Laser Power" brand is visible in large-scale infrastructure projects. The glued positioning of Laser Power and Infra Ltd. is also supported by the strategic alliance that helps the company to offer advanced technological solutions in the power transmission segment.
Revenue Streams & Business Model
The main revenue streams of Laser Power and Infra Ltd. are the sale of manufactured power cables and conductors, as well as EPC contract revenue. Its business model involves a combination of product and service components. For FY25, the company’s total income was about ₹2,592.53 crore and its order book was about ₹2,317.25 crore. The manufacturing segment usually generates more revenue, whereas the EPC segment offers higher-value projects, which are critical for business growth and diversification.
Management & Shareholding
Laser Power and Infra Ltd. is promoted by the Goel family, who have years of experience in the electrical and infrastructure sectors. Before the Laser Power and Infra IPO, the promoters held a 99.99% stake and the promoter group (other than promoters) held a 0.01% stake in the company, but after the IPO, the promoters' shareholding and ownership will be diluted as the offering includes an offer for sale of ₹200 crore by the existing shareholders and a fresh issue of ₹542 crore.
Board & Key Management
The leadership of LASER POWER & INFRA Ltd. is led by a team of experts with many years of experience. Deepak Goel serves as the Chairman and Managing Director, giving strategic direction to the firm and managing daily operations, along with Whole-Time Directors Devesh Goel and Akshat Goel. To ensure good governance, the board includes Independent Directors Ajit Kumar Das, Rajnish Rikhy, and Ratnabali Kakkar for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Laser Power & Infra IPO Financial Information
Latest Revenue
2,326.1
₹ Crore
Profit After Tax
151.59
₹ Crore
Net Worth
725.41
₹ Crore
Total Borrowing
125.86
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 2,632.36 | 2,326.1 | 151.59 | 725.41 | 828.23 | 125.86 | |||
| 31 Mar 2025 | 2,270.16 | 2,570.39 | 106.75 | 574.58 | 738.2 | 502.94 | |||
| 31 Mar 2024 | 1,986.99 | 1,747.57 | 40.41 | 473.44 | 633.97 | 393.75 | |||
| 31 Mar 2023 | 1,361.49 | 1,314.45 | 23.19 | 293.4 | 563.97 | 375.88 | |||
| Amount in ₹ Crore | |||||||||
Laser Power & Infra Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.32 % |
| ROCE | 17.83 % |
| Debt/Equity | 1.1 |
| RoNW | 20.9 % |
| PAT Margin | 6.46 % |
| EBITDA Margin | 12.96 % |
| Price to Book Value | 3.39 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.18 | 10.8 |
| P/E (x) | 16.24 | 19.82 |
IPO Objectives
The company intends to utilise the Laser Power and Infra IPO proceeds for the strategic purposes:
- Repayment/Prepayment of outstanding borrowing (in part or in full)
- General Corporate Purposes
Laser Power & Infra IPO Review
Laser Power & Infra Ltd. operates as an established player in the industrial cable manufacturing and power infrastructure sector in India. The company has carved out a distinct positioning by offering a diverse portfolio of products, including power cables, conductors, and engineering, procurement, and construction (EPC) services for power transmission and distribution projects. This integrated model allows the firm to cater to a broad industrial client base across both public and private sectors.
Financially, the company shows an upward pattern in profitability, recording a notable 42% year-on-year growth in Profit After Tax (PAT) to ₹151.6 crore for FY26. Although total revenue from operations experienced a slight contraction of 9.5% down to ₹2,326.1 crore during the same fiscal period, structural operational efficiencies successfully expanded the firm's EBITDA margins from 9.74% to 12.95%. Furthermore, an outstanding multi-segment order book valued at ₹3,243.4 crore offers robust short-to-medium-term revenue visibility.
However, investors must be aware of both sides of the company, from key strengths to potential risks. Among its key strengths, the firm benefits from strong promoter backing, long-standing client relationships, and a strong manufacturing presence in West Bengal. However, potential risks include operating in a highly fragmented industry subject to intense competition; Also, exposure to fluctuations in raw material prices and dependence on government-driven infrastructure spending represent notable operational variables.
Overall, the IPO represents some fluctuations in the revenue generation of the company and suggests investors examine the RHP carefully before investing to make a good choice.
Conclusion
The Laser Power and Infra IPO is an opportunity for investors to invest in a growing company that is leveraging its integrated manufacturing and EPC capabilities in India’s growing railway and construction network. Also, the company has maintained strong order book records and repeat clients. Reducing debt is currently the IPO's strategic focus to improve its financial standing.
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Competitive Strengths
Largest manufacturer and exporter of cables and conductors in Eastern India, with market leadership established in the region
Vertically integrated company with capabilities in manufacturing and execution through the EPC route
Manufacturing locations in West Bengal offer operational and cost advantages
Solid order book with wins in utility projects, which demonstrates execution capabilities and client confidence
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 70 | 14980 |
| Individual investors (Retail) (Max) | 13 | 910 | 194740 |
| S-HNI (Min) | 14 | 980 | 209720 |
| S-HNI (Max) | 66 | 4620 | 988680 |
| B-HNI (Min) | 67 | 4690 | 1003660 |