Alongside producing power cables and conductors, Laser Power & Infra Limited executes various engineering, procurement, and construction infrastructure projects within the power transmission sector.
Track all the IPOs of 2026 at our latest IPO section.
To facilitate debt repayment and meet broader corporate requirements, the enterprise aims to raise ₹742 crores through a combination of a ₹542 crore fresh issue and a ₹200 crore offer for sale.
Investors can submit their applications for the public offering starting July 9, 2026, until the bidding window closes on July 13, 2026.
The price band has been fixed at ₹203 to ₹214 per equity share, carrying a minimum retail lot size of 70 shares.
Our comprehensive review details the complete framework of the Laser Power & Infra Limited IPO, including the official price range, the share distribution schedule, and the latest premium metrics.
Briefs of Laser Power & Infra Limited IPO Details -
- Price Band: ₹203 – ₹214
- IPO Open / Close Dates: 9 July 2026 / 13 July 2026
- Lot Size: 70 shares
- Issue Size: ₹742 crores
- Fresh Issue / OFS: Fresh Issue of ₹542 crores / OFS of ₹200 crores
- Registrar: MUFG Intime India Private Limited
- Listing Exchange: NSE, BSE
IPO Reservation
- Face value: ₹5 per share
- Anchor offer: Up to 60% of the QIB Category
- QIB-shares: Not more than 50% of the total Offer
- NIIs-Shares offered: Not less than 15% of the total Offer
- RIIs- Shares offered: Not less than 35% of the total Offer
What is the Active Trading Value of the Grey Market Premium (GMP) for Laser Power & Infra Limited at Present?
Please visit our GMP hub page to audit the daily grey market premium data for this and various other corporate listings.
These metrics alter every day according to public interest and function purely as an unofficial trading guide without official sanction from SEBI, NSE, or BSE.
Which Key Calendar Deadlines and Distribution Dates should Investors Monitor for the Laser Power & Infra Limited IPO?
- IPO Open & Close Date: 9 July 2026 to 13 July 2026
- Basis of Allotment Date: 14 July 2026
- Refund Initiation Date: 15 July 2026
- Credit of Shares: 15 July 2026
- Listing Date: 16 July 2026
What Are The Stated Objectives of Laser Power & Infra Limited Public Offer?
The organization will allocate the net proceeds of up to ₹542.00 crores generated by this fresh offering toward the following primary milestones.
- Debt Repayment: An estimated ₹490.00 Crores is earmarked for the pre-payment or re-payment, in full or in part, of specific outstanding borrowings.
- General Corporate Purposes: The remaining portion of the net funds will be allocated toward day-to-day business operations, with this sum strictly limited to a maximum of 25% of the total capital raised.
Offer for Sale The company will not receive any financial proceeds from the Offer for Sale portion of the issue, which aggregates up to ₹200.00 Crores.
How is The Financial Performance of Laser Power & Infra Limited ?
Period Ended | 31 Mar 26 | 31 Mar 2025 | 31 Mar 24 |
Total Income | 2,347.89 | 2,592.53 | 1,763.65 |
Profit After Tax | 151.59 | 106.75 | 40.41 |
EBITDA | 301.44 | 250.39 | 156.10 |
Total Borrowing | 828.23 | 502.95 | 393.75 |
Assets | 2,632.36 | 2,270.17 | 1,986.99 |
Source: RHP
Financial Observations
Total Income
The company observed fluctuations in its overall revenue generation across the reported fiscal years.
- Revenue scaled from ₹1,763.65 crores in FY24 to ₹2,592.53 crores in FY25.
- It then moderated to ₹2,347.89 crores in FY26 due to raw material shortages and order postponements.
Profit After Tax
Net earnings expanded significantly despite the recent top-line dip.
- PAT surged from ₹40.41 crores in FY24 to ₹151.59 crores in FY26.
- This progression reflects the execution of higher-margin orders in the power transmission space.
EBITDA
Operational earnings grew consistently as the company focused on backward integration.
- EBITDA moved from ₹156.10 crores in FY24 to ₹301.44 crores in FY26.
- The EBITDA margin improved to 12.96% in FY26, supported by the captive consumption of in-house products.
Total Borrowing
The business took on additional debt to manage its working capital requirements.
- Borrowings increased from ₹393.75 crores in FY24 to ₹828.23 crores in FY26.
- These funds primarily support government tender-based projects that feature elongated payment cycles.
Assets
The total resource base of the company widened to accommodate capacity expansions.
- Total assets grew from ₹1,986.99 crores in FY24 to ₹2,632.36 crores in FY26.
- The growth aligns with the scaling of manufacturing capabilities to 85,448 MT and broader EPC operations.
What Are the P/E ratio and Peer Comparison?
To evaluate equity values, the price-to-earnings ratio is computed by dividing the prevailing share price by the company's earnings per share.
This metric helps investors understand the exact premium being paid relative to every single rupee of profit produced by the business.
At the upper price band of ₹214 and a Basic EPS of ₹13.18 for FY26, Laser Power & Infra Limited's P/E ratio stands at approximately 16.24x (₹214 / ₹13.18).
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Analysis:
Laser Power & Infra Limited reported an EPS of ₹13.18 and a Return on Net Worth (RoNW) of 20.90% in FY26.
At the upper issue price of ₹214, the company is demanding a P/E multiple of 16.24x.
When evaluated against industry giants like Apar Industries (P/E 67.05), Polycab India (P/E 56.98), and KEI Industries (P/E 58.64), Laser Power enters the primary market at a noticeable discount to the sector average.
Furthermore, while operating on a comparatively smaller revenue base, its RoNW of 20.90% ranks higher than both Apar Industries (18.11%) and KEI Industries (13.78%), showcasing highly efficient utilization of shareholder equity relative to several listed competitors.
What is The Industry Outlook of Laser Power & Infra Limited?
Growth potential - The Indian power and infrastructure sectors are experiencing rapid expansion, driven by government initiatives to upgrade transmission networks and integrate renewable energy sources. Demand for specialized conductors and cables is expected to rise concurrently with national capital expenditure on grid modernization.
Market trends and competitors - The cables, conductors, and EPC space is highly competitive, featuring established corporate giants and regional players. Securing government projects typically involves an intense bidding route, which can apply pressure on margins. Companies that utilise backward integration often navigate material cost fluctuations better than pure-play EPC firms.
What are the Competitive Strengths and Underlying Risks of the Public Offering from Laser Power & Infra Limited?
Strengths:
- Robust Order Book: The company holds an order book of ₹3,243.40 crores as of March 31, 2026, offering clear revenue visibility for the near future.
- Integrated Business Model: Backward integration allows the firm to supply its own EPC projects with internally manufactured cables, shielding margins from third-party vendor markups.
- Strategic Partnerships: Collaborations like the manufacturing agreement with TS Conductor Corp for advanced AECC conductors position the company favorably for modern grid requirements.
Risks:
- High Client Concentration: The top 10 customers accounted for 72.14% of the operating revenue in FY26, with a heavy reliance on government entities, exposing the business to policy shifts.
- Working Capital Intensity: Operations require significant liquidity, evidenced by trade receivable days stretching to 196 days in FY26 and total borrowings reaching ₹828.23 crores.
- Geographical Risk: All three manufacturing units are located in West Bengal, making production vulnerable to localized political or natural disruptions.
Key Considerations for Investors
- Participants evaluating the Laser Power & Infra Limited IPO should review the details within the Red Herring Prospectus (RHP) regarding its working capital dynamics.
- The company operates in an environment with extended receivable cycles (196 days), necessitating total borrowings of ₹828.23 crores in FY26.
- A large portion of the fresh issue proceeds (₹490 crores) is intended for debt repayment, which will alter its balance sheet structure.
- Potential buyers may also note the high client concentration and the reliance on government contracts for EPC execution.
Key Takeaways
- IPO Price Band - ₹203 to ₹214 per equity share
- Lot Size - 70 shares (Minimum retail investment of ₹14,980)
- Allotment Date- Allotment on 14 July 2026;
- Listing Dates - Listing on NSE and BSE on 16 July 2026
FAQs on Laser Power & Infra Limited IPO
How much is today's grey market premium trading at for the Laser Power & Infra Limited public offering?
The newest premium updates for this mainboard share are published on our primary tracking page, as these non-regulated metrics experience daily changes driven by overall investor outlook.
What are the minimum and maximum share prices for the Laser Power & Infra Limited public offering?
Shares are priced within a specific bracket running from ₹203 at the lower end to ₹214 at the upper end.
What is the scheduled date for finalizing the basis of allotment for Laser Power & Infra Limited?
Officials are scheduled to determine the exact basis of allotment on July 14, 2026.
Where and how can an individual verify if they successfully received shares in the Laser Power & Infra Limited offering?
After the allocation is complete, investors can verify their share status on the official website of the registrar, MUFG Intime India Private Limited, by providing their PAN or application number, or by visiting the stock allotment pages on the BSE and NSE websites. Check our detailed guide on MUFG allotment for more information.
When is the official listing ceremony and trading launch planned for Laser Power & Infra Limited shares?
Trading for the company's equity shares is tentatively expected to begin on both the BSE and NSE exchanges on July 16, 2026.
Investment Perspective on Laser Power & Infra Limited IPO
The share issuance from Laser Power & Infra Limited relies on a dual-strategy framework that balances its industrial cable manufacturing operations against its turnkey engineering and construction projects.
The company boasts a robust order book of ₹3243.4 crores and strong financials, including a 23.32% RoE and a PAT surge to ₹151.59 crores in FY26. While its backward integration strategy enhances margins and shields against supply shocks, investors must weigh risks like high client concentration and significant working capital intensity, characterized by 196 receivable days.
Disclaimer:
Please note that this data is shared for learning objectives only and must not be taken as professional financial counseling. Market participants are encouraged to consult with a SEBI-registered professional prior to finalizing any financial investments.
Important IPO links and Resources:
1. IPO Calendar India 2026 | Upcoming & Live IPOs in India
2. IPO Allotment Status – How to Check Allotment Status of IPO Shares
4. Latest IPO Subscription Status Today | Live Updates
5. June 2026 IPO Subscription Review: 25 IPOs Data, Demand Patterns & Key Trends
6.GMP vs Listing Gains June 2026 IPOs: A Data Analysis of 22 IPOs
7. June 2026 IPO Review: 22 IPOs, ₹2,502 Cr Raised & 75.98x Average Subscription
