Laser Power & Infra IPO
Laser Power & Infra IPO — dates, price band, GMP & allotment.
Timetable
Issue Summary
| Price Band | ₹203-214 |
| Face Value | ₹5 |
| Lot Size | 70 Shares |
| Issue Size | ₹742 Cr |
| Sale Type | Fresh Issue ₹542 Cr + OFS ₹200 Cr |
| Listing On | BSE, NSE |
| NSE Symbol | LASERPOWER.BO |
| BSE Scrip Code | 7820 |
| Min Investment | ₹14,980 |
Reservation
What Will It Cost Me?
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,980 |
| Retail (Max) | 13 | 910 | ₹194,740 |
| S-HNI (Min) | 14 | 980 | ₹209,720 |
| B-HNI (Min) | 67 | 4,690 | ₹1,003,660 |
Strengths & Risks
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.
Valuation & Key Ratios
Financials (Rs. Crore)
| Metric | 31 Mar 26 | 31 Mar 25 | 31 Mar 24 |
|---|---|---|---|
| Revenue | 2,326.10 | 2,570.39 | 1,747.57 |
| OPM % | 12.96 | 9.74 | 8.93 |
| EBITDA | 301.44 | 250.38 | 156.10 |
| 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 |
About The Company
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.
Company & Registrar
Subscription By Category
| Category | Subscribed | Shares Offered | Shares Bid For |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 97.25× | 7,310,345 | — |
| Non-Institutional Investors (NII) | 45.69× | 5,482,759 | — |
| Retail Individual Investors (RII) | 6.95× | 12,793,103 | — |
| Employee | 0× | — | — |
| Shareholder | 0× | — | — |
| Total | 41.05× | 25,586,207 | — |
GMP History
| Date | GMP | % Over Issue Price |
|---|
Anchor Investors
| Investor | Category | Shares Allotted | Value |
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