Kolkata-based power sector firm Laser Power & Infra is launching its initial public offering (IPO) on July 9, with the subscription window closing on July 13. The company has set the price band for its shares at Rs 203 to Rs 214 per equity share, aiming to raise Rs 742 crore through this market debut.
Laser Power & Infra IPO Details and Dates
The IPO comprises a fresh issue of shares worth Rs 542 crore and an offer for sale (OFS) of Rs 200 crore. Investors will have the opportunity to bid for a minimum of 70 equity shares, with subsequent bids in multiples of 70. For retail investors, the minimum investment required is Rs 14,980, while the maximum stands at Rs 1,94,740. Ahead of the public subscription, the one-day anchor book will open on July 8.
A significant portion of the fresh issue proceeds, specifically Rs 490 crore, is earmarked for the repayment of existing borrowings. The remaining capital raised from the fresh issue will be allocated towards general corporate purposes. The issue structure reserves 50 percent of the shares for qualified institutional buyers (QIBs), 15 percent for non-institutional investors (NIIs), and 35 percent for retail investors.
Company Profile and Operations
Laser Power & Infra operates across two primary business segments: manufacturing and engineering, procurement, and construction (EPC). The manufacturing division produces a range of essential products for the power transmission and distribution sector, including power cables, conductors, aluminium wire rods, and aerial bunched cables. This segment accounted for 73 percent of the company's total revenue.
The EPC business, contributing the remaining 27 percent of revenue, focuses on critical infrastructure projects such as rural electrification, power distribution network development, and substation installations. The company boasts three manufacturing facilities in West Bengal—two in Dhulagarh and one in Kharagpur—with a combined installed capacity of 85,448 metric tonnes as of March 31, 2026. Laser Power & Infra is also a licensed stranding partner of US-based TS Conductor, enabling it to manufacture advanced high-capacity transmission conductors in India.
Financial Performance and Market Position
For the fiscal year ended March 31, 2026 (FY26), Laser Power & Infra reported a profit of Rs 151.6 crore, marking a substantial 42 percent increase from Rs 106.8 crore in the prior fiscal year. This profit growth occurred despite a 9.5 percent decline in revenue, which stood at Rs 2,326.1 crore for FY26 compared to Rs 2,570.4 crore previously. The company's order book was robust, valued at Rs 3,243 crore.
Laser Power & Infra faces competition from several listed entities in the Indian market, including Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Universal Cables. Its diverse customer base includes prominent names such as Indian Railways, Tata Power-managed Odisha distribution companies, and private EPC players like Montecarlo Ltd and KRYFS Power Components. IIFL Capital Services and ICICI Securities are serving as the book-running lead managers for the IPO.