Laser Power & Infra IPO
Laser Power & Infra IPO — date, price band, lot size & details 2026
Laser Power & Infra listed on 16 Jul 2026 at ₹269, 25.7% above the ₹214 issue price.
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.
Stock price
Laser Power & Infra is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 4 October.
- Open 09 Jul 2026
- Close 13 Jul 2026
- Allotment 14 Jul 2026
- Refund/credit 15 Jul 2026
- Listing 16 Jul 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 13 Jul, 2026 |
|---|---|
| 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 |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,980 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 70 shares at the ₹214 cut-off. Drag to size your application.
| 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 | 4,620 | ₹9,88,680 |
| B-HNI (min) | 67 | 4,690 | ₹10,03,660 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Integrated manufacturer of power cables and conductors with an operating history of over three decades since 1988.
- 02Three manufacturing units in West Bengal with a combined capacity of about 85,448 MT covering HT/LT cables, covered conductors and aluminium wire rods.
- 03RDSO-accredited supplier of signalling cables to Indian Railways and recognised by CRISIL as a prominent power cable manufacturer in East India.
- 04In-house EPC capability in rural electrification and power distribution adds project revenue alongside manufacturing.
- 05Strong 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 · 6
- 01Revenue declined about 9.5% in FY26 over FY25 (₹2,570 Cr to ₹2,326 Cr), reflecting lumpy, order-driven sales.
- 02High dependence on government customers — state power utilities, discoms and railways — exposes the company to project and receivable delays.
- 03Margins are sensitive to volatile aluminium and copper prices, its key raw materials.
- 04Total borrowings rose to ₹828 Cr in FY26 (debt-equity around 1.1); ₹490 Cr of the fresh issue is earmarked for debt repayment.
- 05₹200 Cr of the issue is an offer for sale, whose proceeds go to the selling promoters and not to the company.
- 06Manufacturing is concentrated entirely in West Bengal, exposing operations to regional disruptions.
Three years of numbers
All figures in ₹ crore, as reported in the Laser Power & Infra offer document.
| 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Laser Power & Infra RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Laser Power & Infra IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹13.18 | ₹10.80 |
| P/E Ratio (x) | 16.24 | 19.82 |
| Market Cap at Offer Price (₹ Cr) | ₹2,462.00 | ₹3,683.55 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹214 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹490.00 Cr of the issue is earmarked to named objects.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
+91 33 4822 9195
The bankers & the filings
Who is running the book, and the documents this page is built from.
Laser Power & Infra IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
23 issues handledBest listing: Tempsens Instruments (India) (+111.3%). Weakest: Turtlemint Fintech Solutions (-10.4%).
IIFL Capital Services Limited
29 issues handledBest listing: Moneyview (+61.8%). Weakest: Purple Style Labs (-7.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Laser Power & Infra?
The current Grey Market Premium is ₹40, or 18.7% over the issue price.
What is the Laser Power & Infra IPO price band?
₹203 to ₹214, on a face value of ₹5.
When is the allotment?
The basis of allotment is 14 July 2026, with listing on 16 July 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
