India’s power infrastructure sector continues to witness robust growth, driven by rising electricity demand, rural electrification, renewable energy integration, and expansion of transmission and distribution networks. Government initiatives such as the Revamped Distribution Sector Scheme (RDSS), Green Energy Corridor projects, and continued investments in power infrastructure are creating significant opportunities for manufacturers of power cables, conductors, and engineering procurement and construction (EPC) companies. As the country strengthens its electricity network and modernises ageing infrastructure, demand for integrated power solutions continues to increase.
Against this backdrop, Laser Power & Infra Limited is set to open its IPO on July 9, 2026. The company is an integrated manufacturer of power cables and conductors while also executing EPC projects for power distribution infrastructure. Here is a detailed insight into Laser Power & Infra Limited, its IPO, and the industry outlook.
About Laser Power & Infra Ltd.
Incorporated in 1988, Laser Power & Infra Limited is a Kolkata based integrated manufacturer of power cables, conductors, and specialised products catering to the power transmission and distribution industry in India.
The company has strategically expanded beyond manufacturing by entering the Engineering, Procurement and Construction (EPC) segment, focusing on rural electrification projects, power distribution infrastructure development, substation installations, and other turnkey power solutions.
Laser Power & Infra operates through two major business segments:
Manufacturing: Production of power cables, control cables, conductors, and specialised power products.
EPC: Turnkey execution of rural and urban electrification projects, power distribution systems, substations, and related infrastructure.
As of March 31, 2026, the company operated three manufacturing facilities in West Bengal with a combined installed manufacturing capacity of 85.448 MT. It also had an order book worth ₹3,243.40 crore and a business presence across 26 states, four Union Territories, and 10 international markets.
The company has established long standing relationships with marquee customers while strengthening its manufacturing capabilities through backward integration and strategic partnerships with international players.
Laser Power & Infra Ltd. IPO Details
With the IPO launch, Laser Power & Infra Limited intends to utilise the net proceeds primarily towards reducing its debt burden.
Approximately ₹490 crore from the fresh issue proceeds will be utilised for the prepayment or repayment, in full or in part, of certain outstanding borrowings. The remaining proceeds will be utilised towards general corporate purposes. The debt repayment is expected to reduce finance costs and strengthen the company’s balance sheet.
Important IPO Timeline
| Particulars | Details |
|---|---|
| IPO Open Date | July 9, 2026 |
| IPO Close Date | July 13, 2026 |
| Allotment Date (Tentative) | July 14, 2026 |
| Initiation of Refunds | July 15, 2026 |
| Credit of Shares to Demat | July 15, 2026 |
| Listing Date (Tentative) | July 16, 2026 |
Key IPO Details
Here is the table on the Laser Power & Infra IPO Review:
| Particulars | Details |
|---|---|
| Face Value | ₹5 per share |
| Price Band | ₹203 to ₹214 per share |
| Lot Size | 70 Shares |
| Total Issue Size | 3,46,72,896 shares (aggregating up to ₹742 Cr) |
| Fresh Issue | 2,53,27,102 shares (aggregating up to ₹542 Cr) |
| Offer for Sale | 93,45,794 shares (aggregating up to ₹200 Cr) |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue + Offer for Sale |
| Listing At | BSE, NSE |
| Market Capitalisation (Pre IPO) | ₹3,003.88 Cr |
| Shareholding Pre Issue | 11,50,41,240 shares |
| Shareholding Post Issue | 14,03,68,342 shares |
| Book Running Lead Managers | IIFL Capital Services Ltd. and ICICI Securities Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
Lot Size of Laser Power & Infra IPO
Here is the table of lot sizes for each category of investors:
| 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 |
Laser Power & Infra Ltd. Financials
The Laser Power & Infra IPO has a pre IPO market capitalisation of ₹3,003.88 crore. As of March 31, 2026, its key performance indicators showcase a Return on Equity (ROE) of 23.32% and a Return on Capital Employed (ROCE) of 17.83%. The Return on Net Worth (RoNW) stood at 20.90%, while the company reported a PAT margin of 6.46% and an EBITDA margin of 12.96%.
During FY26, the company’s revenue declined by 9% compared to the previous financial year. However, Profit After Tax increased by 42%, reflecting improved operational efficiency, better margins arising from backward integration, and the introduction of higher value products.
Other financial details of the company include the following:
Key Company Financials
| Period Ended | 31 Mar 2026 (Crores) | 31 Mar 2025 (Crores) | 31 Mar 2024 (Crores) |
|---|---|---|---|
| Assets | ₹2,632.36 | ₹2,270.17 | ₹1,986.99 |
| 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 |
| Net Worth | ₹725.41 | ₹574.58 | ₹473.44 |
| Total Borrowing | ₹828.23 | ₹502.95 | ₹393.75 |
Laser Power & Infra Ltd.: Industry Outlook
• India’s power transmission and distribution sector continues to receive significant investments through government infrastructure programmes and utility modernisation initiatives.
• Rising electrification, renewable energy integration, and expansion of transmission networks are driving demand for power cables, conductors, substations, and EPC services.
• Schemes such as the Revamped Distribution Sector Scheme (RDSS) and rural electrification programmes continue to generate opportunities for integrated power infrastructure companies.
• Increasing investments in industrial infrastructure, smart grids, and urban power distribution networks are expected to support long term demand for specialised power products.
• Growing focus on reducing transmission losses and improving grid reliability is creating opportunities for technologically advanced cable and conductor manufacturers.
• Laser Power & Infra’s integrated manufacturing facilities, strong EPC execution capabilities, extensive Pan India presence, order book of over ₹3,243 crore, and long standing customer relationships position the company to benefit from India’s expanding power infrastructure sector.
Conclusion
Laser Power & Infra Ltd. presents an interesting investment opportunity because of its integrated presence across power equipment manufacturing and EPC services. The company manufactures power cables, conductors, and specialised products while executing turnkey power infrastructure projects across India.
Its healthy order book, nationwide operational footprint, strong manufacturing capabilities, and planned utilisation of IPO proceeds towards debt reduction provide a solid foundation for future growth. Lower debt levels may also improve profitability through reduced finance costs.
However, potential investors should consider factors such as dependence on infrastructure spending, execution risks associated with large EPC projects, fluctuations in raw material prices, and increasing competition within the power equipment industry. As with any IPO, investors should carefully evaluate their investment objectives and risk appetite before making an investment decision.
