Laser Power & Infra
- Issue price
- ₹ 214
- Issue size
- ₹ 742 Cr.
- Min. investment
- ₹ 14,980
- Listing price
- ₹ 269
- Subscribed
- 41.05x
- Lot size
- 70 shares
- P/E
- 19.82
- RoNW
- 20.90%
- RoCE
- 17.83%
- Debt / Equity
- 1.10
- PAT margin
- 6.46%
- EBITDA margin
- 12.96%
- RoE
- 23.32%
- EPS
- ₹ 10.80
- NAV
- ₹ 63.06
- Promoter stake
- 75.30%
About
Laser Power & Infra Limited was incorporated in 1988 in Kolkata, West Bengal, as Laser Cables Private Limited and converted into a public limited company in September 2025. The company is an integrated manufacturer of power cables, conductors and other specialised products and components for the power transmission and distribution industry in India. It also operates in the engineering, procurement and construction (EPC) segment, focusing on rural electrification projects and power distribution infrastructure development. The company operates three manufacturing units in West Bengal — Unit I at Dhulagarh (HT power cables, RDSO signalling cables and conductors), Unit II at Dhulagarh (aluminium wire rods and HT covered conductors) and Unit III at Kharagpur (LT aerial bunched cables, LT power cables and ACSR conductors) — with a combined installed capacity of about 85,448 MT. It is an RDSO-accredited supplier of signalling cables to Indian Railways and has been recognised by CRISIL as a prominent power cable manufacturer in East India. As of 31 August 2025 the company employed around 660 people.
Timeline
- doneOpens9 Jul
- doneCloses13 Jul
- doneAllotment14 Jul
- doneRefunds15 Jul
- doneDemat credit15 Jul
- doneListing16 Jul
Grey market premium (GMP)
GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
- Highest
- ₹ 43 on 14 Jul 2026
- Lowest
- ₹ 0 on 4 Jul 2026
- First quoted
- ₹ 0 on 4 Jul 2026
Subscription
How many times each investor group bid for its share, as of 08 Aug 2026, 04:05 PM IST.
How much to apply for
The smallest and largest bids for each kind of investor at the upper price band.
| Retail (Min) | 1 | 70 | ₹ 14,980 |
| Retail (Max) | 13 | 910 | ₹ 1,94,740 |
| S-HNI (Min) | 14 | 980 | ₹ 2,09,720 |
| B-HNI (Min) | 67 | 4,690 | ₹ 10,03,660 |
Company overview
Financials
| Revenue | 2,326.1 | 2,570.39 | 1,747.57 |
| OPM % | 12.96 | 9.74 | 8.93 |
| EBITDA | 301.44 | 250.38 | 156.1 |
| Net Profit | 151.59 | 106.75 | 40.41 |
| Debt | 828.23 | 502.95 | 393.75 |
| Assets | 2,632.36 | 2,270.17 | 1,986.99 |
Strengths
- Integrated manufacturer of power cables and conductors with an operating history of over three decades since 1988.
- Three manufacturing units in West Bengal with a combined capacity of about 85,448 MT covering HT/LT cables, covered conductors and aluminium wire rods.
- RDSO-accredited supplier of signalling cables to Indian Railways and recognised by CRISIL as a prominent power cable manufacturer in East India.
- In-house EPC capability in rural electrification and power distribution adds project revenue alongside manufacturing.
- Strong earnings momentum — net profit grew from ₹40 Cr in FY24 to ₹152 Cr in FY26 with operating margin improving from 8.9% to 13.0%.
Risks
- Revenue declined about 9.5% in FY26 over FY25 (₹2,570 Cr to ₹2,326 Cr), reflecting lumpy, order-driven sales.
- High dependence on government customers — state power utilities, discoms and railways — exposes the company to project and receivable delays.
- Margins are sensitive to volatile aluminium and copper prices, its key raw materials.
- Total borrowings rose to ₹828 Cr in FY26 (debt-equity around 1.1); ₹490 Cr of the fresh issue is earmarked for debt repayment.
- ₹200 Cr of the issue is an offer for sale, whose proceeds go to the selling promoters and not to the company.
- Manufacturing is concentrated entirely in West Bengal, exposing operations to regional disruptions.
What the money is for
| Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company | 490 |
| General corporate purposes | — |
Promoters
- Deepak Goel
- Devesh Goel
- Akshat Goel
- Rakhi Goel are the promoters of the company
Registrar, lead managers and documents
- Listing on
- BSE, NSE
- Face value
- ₹ 5 a share
- Registrar
- MUFG Intime India Private Limited
- Lead managers
- ICICI Securities, IIFL Capital Services Limited
- Red herring prospectus (RHP)
- Open
- Draft prospectus (DRHP)
- Open
- Basis of allotment
- Open
IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.
Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.