Laser Power & Infra IPO — Date, Price Band, GMP & Allotment 2026
Laser Power & Infra Limited is a Kolkata-based integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, with EPC capabilities in rural electrification and power distribution infrastructure.
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IPO Summary
What is the Laser Power & Infra IPO Timetable?
Track the IPO schedule and key events.
| Event | Date | Day |
|---|---|---|
| IPO Open Date | 09 Jul, 2026 | Thursday |
| IPO Close Date | 13 Jul, 2026 | Monday |
| Basis of Allotment | 14 Jul, 2026 | Tuesday |
| Refunds Initiated | 15 Jul, 2026 | Wednesday |
| Credit to Demat | 15 Jul, 2026 | Wednesday |
| Listing Date | 16 Jul, 2026 | Thursday |
What is the Laser Power & Infra IPO Lot Size?
Bidding in multiples of 70 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,980 |
| Retail (Max) | 13 | 910 | ₹1,94,740 |
| S-HNI (Min) | 14 | 980 | ₹2,09,720 |
| S-HNI (Max) | 66 | 4620 | ₹9,88,680 |
| B-HNI (Min) | 67 | 4690 | ₹10,03,660 |
About Laser Power & Infra
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.
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Laser Power & Infra Key Performance Indicators (KPIs)
Objects of the Issue
| Issue Object | Estimate Amount |
|---|---|
| Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company | ₹490.00 Cr. |
| General corporate purposes |
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.
Company Financials
The Laser Power & Infra company's financial performance (in ₹ Cr.) is summarized below:
| 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 |
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IPO Reservation
| Investor Category | Reservation |
|---|---|
| QIB (incl. Anchor) | Not more than 50% |
| NII (HNI) | Not less than 15% |
| Retail | Not less than 35% |
Promoters and Shareholding Details
Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel are the promoters of the company.
| Particular | % Share |
|---|---|
| Promoter Holding Pre Issue | 100.00% |
| Promoter Holding Post Issue | 75.30% |
Frequently Asked Questions
What is the GMP of Laser Power & Infra?
The current Grey Market Premium (GMP) of Laser Power & Infra is ₹ 34.5.
What is the Laser Power & Infra IPO Price Band?
The price band for Laser Power & Infra IPO is ₹203 to ₹214.
When is the Laser Power & Infra IPO Allotment?
The allotment date for Laser Power & Infra IPO is July 14, 2026.
How to check Laser Power & Infra IPO Allotment Status?
You can check the allotment status on the IPO Allotment Status page or on the registrar's website (MUFG Intime India Private Limited).
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