Synopsis: Laser Power & Infra Limited’s Rs. 742 crore IPO opens on July 9, 2026, today. The company benefits from its integrated manufacturing and EPC business, though project execution and debt remain key risks.
Laser Power & Infra Limited is launching its Initial Public Offering (IPO) to raise funds for repayment of debt and general corporate purposes. The IPO size aggregates up to Rs. 742 crore, comprising a fresh issue of 2.53 crore equity shares totalling Rs. 542 crore and an offer for sale of 0.93 crore shares worth Rs. 200 crore.
Laser Power & Infra Limited’s IPO price band is set at Rs. 203 to Rs. 214 per share. The IPO opens for subscription on July 09, 2026, and closes on July 13, 2026. The shares will be listed on the NSE and BSE on Thursday, July 16, 2026. Here’s everything you need to know.
GMP of Laser Power & Infra Limited IPO
As of July 9th, 2026, the shares of Laser Power & Infra Limited in the grey market were trading at a 7.01 percent premium. The shares in the Grey Market traded at Rs. 229. This gives it a premium of Rs. 15 per share over the cap price of Rs. 214.
Overview of Laser Power & Infra Limited
Laser Power & Infra Limited was incorporated in 1988 and is a Kolkata-based company engaged in manufacturing power cables, conductors, and other specialised products for the power transmission and distribution sector. Over the years, the company has built a strong presence by supplying products that support India’s growing power infrastructure.
The company has also expanded into the engineering, procurement, and construction (EPC) business. It undertakes turnkey projects for rural and urban electrification, power distribution infrastructure, and substation installation. This diversified business model enables the company to serve both manufacturing and infrastructure development requirements.
As of March 31, 2026, Laser Power & Infra operated three manufacturing facilities in West Bengal with a combined installed capacity of 85.448 MT. The company also maintained an order book worth Rs. 3,243.40 crore, providing strong revenue visibility for future operations.
Laser Power & Infra has expanded its operations across 26 states, four Union Territories, and 10 international markets. The company continues to strengthen its market position by delivering integrated power solutions through its manufacturing and EPC businesses.
Promoters of Laser Power & Infra Limited
The promoters of Laser Power & Infra Limited are Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. They have extensive experience in the power cable, conductor, and infrastructure sectors. Their leadership has supported the company’s long-term expansion and project execution capabilities.
Laser Power & Infra Limited Selling Shareholders
The offer for sale includes shares from the promoter group. Deepak Goel will sell shares aggregating up to Rs. 112.50 crore. Rakhi Goel will sell shares aggregating up to Rs. 25 crore. Another selling shareholder will offer shares aggregating up to Rs. 62.50 crore. The company will not receive proceeds from the offer for sale.
Lead Managers of Laser Power & Infra Limited IPO
The book-running lead managers are IIFL Capital Services Limited and ICICI Securities Limited. They will manage the IPO process, marketing, and allocation of shares. MUFG Intime India Private Limited is acting as the registrar to the issue.
Objectives of the IPO Offer
Laser Power & Infra Limited proposes to utilize the net proceeds from the IPO for specific business objectives. The company will allocate Rs. 490 crore towards the prepayment or repayment of certain outstanding borrowings, which will help reduce its debt burden and improve its financial position. The remaining proceeds will be utilized for general corporate purposes, supporting the company’s operational requirements and future growth initiatives.
Financial Analysis of Laser Power & Infra Limited
Coming into financial highlights, Laser Power & Infra Limited’s consolidated revenue from operations has decreased from Rs. 2,570.40 crore in FY25 to Rs. 2,326.10 crore in FY26, which represents a drop of 9.50 percent. The company’s net profit has also grown by 42 percent from Rs. 106.75 crore in FY25 to Rs. 151.59 crore in FY26. Laser Power & Infra Limited has a PAT Margin of 6.46 percent and an EBITDA Margin of 12.96 percent.
In terms of return ratios, the company’s ROE and ROCE stand at 23.32 percent and 17.83 percent, respectively. Laser Power & Infra Limited has an earnings per share (EPS) of Rs. 13.18, and its debt-to-equity ratio is 1.10x.
Laser Power & Infra Limited vs Peers
Laser Power & Infra Limited reported revenue from operations of Rs. 2,326.10 crore on a consolidated basis. The company reported a basic and diluted EPS of Rs. 13.18 and delivered a Return on Net Worth (RoNW) of 20.90 percent.
In comparison, Apar Industries Limited reported revenue from operations of Rs. 22,902.12 crore with a basic EPS of Rs. 243.21, a diluted EPS of Rs. 242.81, and a RoNW of 18.11 percent. Polycab India Limited reported revenue of Rs. 28,883.79 crore with a basic EPS of Rs. 177.53, a diluted EPS of Rs. 176.95, and a RoNW of 22.25 percent.
KEI Industries Limited reported revenue from operations of Rs. 11,747.77 crore with a basic EPS of Rs. 96.09 and a RoNW of 13.78 percent. Dynamic Cables Limited reported revenue of Rs. 1,197.82 crore with a basic EPS of Rs. 17.42 and a RoNW of 18.47 percent, while Universal Cables Limited reported revenue of Rs. 3,022.67 crore, a basic EPS of Rs. 47.01, and a RoNW of 8.63 percent.
Laser Power & Infra Limited’s net asset value (NAV) per share stands at Rs. 63.06. In comparison, Apar Industries Limited reported Rs. 1,342.70, Polycab India Limited reported Rs. 797.79, KEI Industries Limited reported Rs. 697.17, Dynamic Cables Limited reported Rs. 94.36, and Universal Cables Limited reported Rs. 545.03.
Strengths of Laser Power & Infra Limited
- The company manufactures cables, conductors, and executes integrated power infrastructure projects across India.
- Its diversified business model reduces dependence on a single revenue source or customer segment.
- Long operating history demonstrates strong execution capabilities and established industry relationships across infrastructure markets.
- Strategic partnership with TS Conductors strengthens advanced conductor manufacturing capabilities and technology access.
- Experienced promoter group drives business expansion through technical expertise and infrastructure sector knowledge.
Weaknesses of Laser Power & Infra Limited
- The business depends heavily on government infrastructure spending and power sector capital expenditure.
- Large working capital requirements may impact liquidity during project execution and expansion activities.
- Revenue depends significantly on the timely execution of large engineering and infrastructure contracts.
- Intense competition from established cable manufacturers may affect pricing power and profit margins.
- Project delays, regulatory approvals, or cost overruns could impact future financial performance significantly.
Conclusion
Laser Power & Infra Limited’s IPO offers investors exposure to India’s growing power infrastructure and cable manufacturing sector. The company benefits from an integrated business model, experienced promoters, and an established industry presence. Investors should carefully evaluate the company’s financial performance, project execution risks, and industry outlook before making an investment decision.
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