Laser Power & Infra IPO

About Laser Power & Infra Limited IPO

The Laser Power & Infra Limited IPO, a Mainboard IPO, opens on Thursday, July 9, 2026 and closes on Monday, July 13, 2026. The allotment of shares will take place on Tuesday, July 14, 2026. The credit of shares to the demat account will take place on Wednesday, July 15, 2026. The initiation of refunds will take place on Wednesday, July 15, 2026. The listing of shares will take place on Thursday, July 16, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 2,53,27,102 shares aggregating up to ₹542 crores. The offer for sale portion includes 93,45,794 shares of ₹5 aggregating up to ₹200 crores. The total number of shares and aggregate amount are 3,46,72,896 shares aggregating up to ₹742 crores. Laser Power & Infra Limited IPO's price band is set at ₹203 to ₹214 per share. The lot size for an application is 70. The minimum amount of investment required by a retail investor is ₹14,980 (70 shares) (based on upper price). The lot size investment required by sNII is 14 lots (980 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (4,690 shares), amounting to ₹10,03,660.

Laser Power & Infra Limited is an integrated manufacturer of power cables, conductors, and specialised components for India's power transmission and distribution industry, with an operating history spanning over three decades.

Objectives of Laser Power and Infra IPO

The company proposes to utilise the IPO proceeds for:

• Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings
  
• General corporate purposes
  

Industry Outlook

In FY25, the cables and wire market was valued at ~₹1,951 billion, up from ₹781 billion in FY20, registering a CAGR of 20.1%. This notable surge can be primarily attributed to a remarkable growth of high voltage (HV) & extra-high voltage (EHV)-above 33 KV cables and elastomeric cables also known as rubber cables. Other cable categories contributing substantially to the accelerated market growth include PVC control cables & instrumentation, building wires, and switchboard cables, driven by pickup in construction activities in both commercial and residential sectors post COVID-19.

Moving forward, Crisil Intelligence expects the wires and cables market size to grow at a CAGR of 11-13% between FY25 and FY30 and reach ₹3350 billion-₹3550 billion by FY30 due to ongoing infrastructure development projects, surge in construction activities and increasing digital connectivity, railway electrification, smart grid investments and export demand.

Company Information

Laser Power and Infra is an integrated manufacturer of power cables, conductors and other specialised products and components to the power transmission and distribution industry in India. With an established operating history spanning over three decades, it has built a strong reputation for delivering high-quality products tailored to the evolving needs of its clients and tailor-made for their projects.

In furtherance of its forward integration strategy, in the year 2015, it strategically expanded its business by entering the engineering, procurement, and construction (“EPC”) segment in power distribution sector, focusing on rural electrification projects, power distribution infrastructure development, and installation of substations, among other turnkey solutions.

Strengths of Laser Power and Infra IPO

• Fastest growing manufacturer of power cables and conductors in terms of growth of revenue from operations
  
• Strong manufacturing capabilities, through strategically located manufacturing units
  
• Robust execution capabilities, with a track record of executing and handling complex EPC projects successfully and strong backward integration capabilities
  
• Established track record with a marquee customer base
  
• Strategic partnerships and collaboration with international players
  
• Strong and diversified order book with long term revenue growth visibility
  
• Experienced promoters and management team with skilled workforce
  

Risks of Laser Power and Infra IPO

• Loss of any top 10 customers could have an adverse effect on business, financial condition, results of operations and cash flows
  
• Adverse development in the performance in the manufacturing business segment could have an adverse effect on business
  
• Significant increases or fluctuations in prices of, or delay or disruption in supply of primary raw materials could affect estimated costs
  
• Dependence on a limited number of suppliers and it doesn’t have long term agreements with most of its suppliers
  
• Delays in the collection of receivables from customers or if it’s unable to access suitable financing to meet working capital requirements, it could lead to material adverse effect on business
  
• Continued operations at all of its manufacturing units located in West Bengal, may expose it to regional risks
  
• Any adverse changes or termination of agreement with TS Conductor Corp could materially and adversely affect business
  
• Adverse changes in the conditions affecting the power infrastructure sector can adversely impact business
  

Source: The financial information for listed industry peers is on a consolidated basis and is sourced from the annual reports, investor presentations, and the audited financial results of the relevant companies for the financial year ended March 31, 2026, as available on the websites of the Stock Exchanges and/or on the respective company's website. Financial information for the Company is derived from the Restated Consolidated Financial Information as at and for Fiscal 2026.

Anchor Investor Bidding Date: Wednesday, July 8, 2026

Registrar
MUFG Intime India Private Limited
Tel: +91 81 0811 4949
E-mail: laserpower.ipo@in.mpms.mufg.com

Book Running Lead Manager(s):

• IIFL Capital Services Limited
  
• ICICI Securities Limited
  

Laser Power & Infra Contact Details
4A, Pollock Street, 3rd Floor, Kolkata 700 001, West Bengal, India
E-mail: investor.grievance@laserpowerinfra.com
Tel: +91 33 4822 9195

Laser Power & Infra Limited Growth Trajectory

Laser Power & Infra Limited's Total Income for FY26 was ₹2,347.89 crores, whereas in FY25 and FY24 it was ₹2,592.53 crores and ₹1,763.65 crores, respectively.

The Profit After Tax for FY26 was ₹151.59 crores, whereas in FY25 and FY24 it was ₹106.75 crores and ₹40.41 crores, respectively.

Their EBITDA for FY26 was ₹301.44 crores, whereas in FY25 and FY24 it was ₹250.39 crores and ₹156.10 crores, respectively.

Laser Power & Infra Limited Market Position

Laser Power & Infra Limited sells across eastern India, anchored by three West Bengal manufacturing units near the Kolkata and Haldia ports. Its customers include state DISCOMs such as TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, TP Northern Odisha Distribution Limited, and TP Southern Odisha Distribution Limited, alongside Indian Railways.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹2,347.89 crores, ₹151.59 crores, and ₹301.44 crores, respectively.

How to Apply for Laser Power and Infra IPO?

To apply for this IPO:

• Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.