Laser Power & Infra IPO Opens 9 July; Price Band At ₹203 To ₹214

Laser Power & Infra has set a price band of ₹203 to ₹214 per share for its initial public offering (IPO), valuing the company at over ₹3,000 crore at the upper end.

The issue opens on 9 July and closes on 13 July, with anchor investor bidding on 8 July. Allotment is expected by 14 July, and shares are scheduled to list on BSE and NSE on 16 July 2026.

The company had originally planned to raise ₹1,200 crore when it filed its draft red herring prospectus (DRHP) in September 2025. That size has since been cut to ₹742 crore following Securities and Exchange Board of India (SEBI) approval in February 2026.

Issue Structure

The Laser Power & Infra IPO comprises a fresh issue of ₹542 crore and an offer for sale of ₹200 crore by existing promoters. Half the issue is reserved for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors.

Of the fresh issue proceeds, ₹490 to ₹499 crore will go towards repaying or prepaying debt. The company had outstanding borrowings of ₹935.7 crore as of 17 June 2026. The balance will be used for general corporate purposes.

IIFL Capital Services and ICICI Securities are the book-running lead managers, with MUFG Intime India as registrar.

About The Company

Laser Power & Infra manufactures power cables, conductors and related transmission and distribution equipment from three facilities in West Bengal, with a combined installed capacity of 85,448 metric tonnes.

The company supplies utilities and infrastructure companies and has expanded into the engineering, procurement and construction (EPC) segment in recent years, executing rural electrification, power distribution and substation projects. It is a licensed stranding partner of US-based TS Conductor and counts Indian Railways and several Odisha distribution companies among its clients.

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Financial Performance

FY26 saw a divergence between revenue and profitability. Revenue declined around 9% to ₹2,326 crore from approximately ₹2,593 crore in FY25. Profit after tax, however, jumped 42% to ₹151.6 crore from ₹106.8 crore. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew 20.4% to ₹301.4 crore, with margins expanding 321 basis points to 12.95%.

The company's order book stood at ₹3,243 crore as of 31 March 2026, and net worth rose to ₹725.4 crore from ₹574.6 crore a year earlier. Listed peers include Polycab India, KEI Industries and Apar Industries.