Laser Power & Infra sets price band for Rs 742 crore IPO; GMP signals 11% premium. Check details

Laser Power & Infra Ltd, an integrated player in the power transmission and distribution sector, has fixed the price band for its Rs 742 crore IPO at Rs 203-214 per equity share.

The issue will open for subscription on July 9 and close on July 13. In the grey market, the IPO is commanding a premium of around Rs 24-25 (11%), indicating a likely listing price of about Rs 239 per share.

IPO structure

The IPO comprises a fresh issue and an Offer for Sale (OFS). The company plans to raise Rs 542 crore through a fresh issue of 2.53 crore equity shares, with the proceeds primarily earmarked for debt repayment and general corporate purposes.


The Rs 200 crore OFS component consists of 0.93 crore equity shares and will enable promoter shareholders Deepak Goel, Rakhi Goel and Devesh Goel to partially pare their holdings.

The share allotment is expected to be finalised on July 14, while the stock is likely to debut on the NSE and BSE on July 16.

The IPO has been priced at Rs 203-214 per share, with a lot size of 70 shares. At the upper end of the price band, retail investors will need to invest a minimum of Rs 14,980 for one lot.

IIFL Capital Services is the book-running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue.

IPO Objectives

The company will utilise a significant portion of the fresh issue proceeds to prepay or repay borrowings worth Rs 490 crore, strengthening its balance sheet.

The remaining proceeds will be used for general corporate purposes and issue-related expenses.

About the company

Laser Power & Infra manufactures power cables, control cables, conductors and other specialised products used in the power transmission and distribution sector.

Beyond manufacturing, the company has expanded into the Engineering, Procurement and Construction (EPC) business, executing turnkey projects in rural electrification, substations, power distribution infrastructure and transmission networks.

As of March 31, 2026, it operated three manufacturing facilities in West Bengal with a combined installed production capacity of 85.448 MT.

The company has established an execution footprint across 26 states, four Union Territories and 10 international markets. Its order book stood at Rs 3,243 crore as of March 31, 2026, providing healthy revenue visibility.

Financial performance

Laser Power & Infra reported mixed financial performance in FY26, with revenue declining but profitability improving sharply.

Total income fell 9.4% year-on-year to Rs 2,347.89 crore in FY26 from Rs 2,592.53 crore in FY25. However, profit after tax (PAT) jumped 42% to Rs 151.59 crore, compared with Rs 106.75 crore in the previous year, reflecting stronger operating efficiency and improved margins. Revenue and profit stood at Rs 1,763.65 crore and Rs 40.41 crore, respectively, in FY24.

Key risk factors

According to the company's Red Herring Prospectus (RHP), customer concentration remains a key risk. Its top 10 customers accounted for 72.14% of revenue in FY26, up from 68.87% in FY25 and 53.37% in FY24.

Any slowdown in orders from these customers, project execution delays or contract cancellations could adversely affect the company's revenue, profitability, cash flows and overall financial performance.

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