Laser Power & Infra
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 13 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 16 Jul 2026 | ₹39 | — | ₹2,100 | — | ₹2,730 |
| 15 Jul 2026 | ₹40 | — | ₹2,100 | — | ₹2,800 |
| 14 Jul 2026 | ₹42 | — | ₹2,200 | — | ₹2,940 |
| 13 Jul 2026 | ₹40.50 | — | ₹2,200 | — | ₹2,835 |
| 12 Jul 2026 | ₹34.50 | — | ₹1,800 | — | ₹2,415 |
| 11 Jul 2026 | ₹36.50 | — | ₹1,900 | — | ₹2,555 |
| 10 Jul 2026 | ₹35.50 | — | ₹1,900 | — | ₹2,485 |
| 09 Jul 2026 | ₹24 | — | ₹1,300 | — | ₹1,680 |
| 08 Jul 2026 | ₹15 | — | ₹800 | — | ₹1,050 |
| 07 Jul 2026 | ₹15 | — | ₹800 | — | ₹1,050 |
| 06 Jul 2026 | ₹28 | — | ₹1,500 | — | ₹1,960 |
| 05 Jul 2026 | ₹0 | — | — | — | ₹0 |
| 04 Jul 2026 | ₹0 | — | — | — | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 09 Jul 2026 – 13 Jul 2026
- Listing date
- 16 Jul 2026
- Face value
- ₹5 per share
- Price band
- ₹203 – ₹214
- Issue price
- ₹214 per share
- Lot size
- 70 shares
- Sale type
- Fresh capital cum OFS
- Issue type
- Book Building issue
- Total issue size
- ₹742 Cr
- Fresh issue
- ₹542 Cr 2,53,27,102 shares
- Offer for sale
- ₹200 Cr 93,45,793 shares
- Market cap at offer price
- ₹3,004 Cr
- Promoter holding
- 100.00% → 75.29% pre-issue → post-issue
- ISIN
- INE17IR01028
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- IIFL Capital Services Ltd.
- Registered office
- 4A,, Pollock Street,, 3rd Floor,, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,04,01,867 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 70 shares per lot, in multiples, at ₹214
| 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 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹214 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 13.18 | 10.80 |
| P/E (×) | 16.24 | 19.81 |
| Price to book (×) | 3.39 | — |
| Market cap | — | ₹3,004 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 20.90%
- ROCE
- 17.83%
- Debt / equity
- 1.10
- PAT margin
- 6.46%
- EBITDA margin
- 12.96%
- NAV per share
- ₹63.06
- Price to book
- 3.39
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Selling shareholders
Existing holders selling into the offer — these proceeds go to the seller, not to the company
| Seller | Capacity | Shares offered | Avg. cost |
|---|---|---|---|
| Deepak Goel | Promoter Selling Shareholder | not yet stated | ₹0.01 |
| Rakhi Goel | Promoter Selling Shareholder | not yet stated | ₹0.10 |
| Devesh Goel | Promoter Selling Shareholder | not yet stated | ₹0 |
| Akshat Goel | — | not yet stated | — |
About Laser Power & Infra
Laser Power & Infra Limited, incorporated in 1988 and headquartered in Kolkata, West Bengal, is an integrated manufacturer of power cables, conductors, and other specialised products and components for the power transmission and distribution industry in India. The company operates three manufacturing units in West Bengal with a combined installed capacity of 85,448.00 MT as of March 31, 2026. In 2015, the company strategically expanded through forward integration by entering the engineering, procurement, and construction (EPC) segment in the power distribution sector, focusing on rural electrification projects, power distribution infrastructure development, and installation of substations. The company serves key public sector and private clients including Indian Railways, various distribution companies (DISCOMs), and international clients in Africa, Bangladesh, Bhutan, and Nepal. Revenue from operations for Fiscal 2026 was ₹23,261.04 million, with manufacturing contributing 72.70% and EPC contributing 27.30%.
Company Analysis
from RHPLaser Power & Infra Limited is an integrated manufacturer of power cables, conductors, and specialised products for power transmission and distribution, with a forward-integrated engineering, procurement, and construction (EPC) segment for rural electrification and power infrastructure projects in India.
Laser Power & Infra Limited, incorporated in 1988 and headquartered in Kolkata, West Bengal, is an integrated manufacturer of power cables, conductors, and other specialised products and components for the power transmission and distribution industry in India. The company operates three manufacturing units in West Bengal with a combined installed capacity of 85,448.00 MT as of March 31, 2026. In 2015, the company strategically expanded through forward integration by entering the engineering, procurement, and construction (EPC) segment in the power distribution sector, focusing on rural electrification projects, power distribution infrastructure development, and installation of substations. The company serves key public sector and private clients including Indian Railways, various distribution companies (DISCOMs), and international clients in Africa, Bangladesh, Bhutan, and Nepal. Revenue from operations for Fiscal 2026 was ₹23,261.04 million, with manufacturing contributing 72.70% and EPC contributing 27.30%.
Objects of the Issue
- Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company ₹4,900.00 million p.5
- General corporate purposes p.5
Issue Structure
- Total Issue
- Up to ₹7,420.00 million
- Fresh Issue
- Up to ₹5,420.00 million
- Offer for Sale
- Up to ₹2,000.00 million
- Face Value
- ₹5 each
Business Model
The company generates revenue through two key business segments: (1) Manufacturing of power cables, conductors, and specialised products for power transmission and distribution, which contributed 72.70% of revenue in Fiscal 2026 (₹16,910.39 million); and (2) Engineering, procurement, and construction (EPC) services for power distribution sector projects including rural electrification, power distribution infrastructure, and substation installation, which contributed 27.30% of revenue in Fiscal 2026 (₹6,350.65 million).
Business Segments
SWOT Analysis
- • Leading manufacturing capacity in East India for power cables and conductors(p.3)
- • Strategically located manufacturing units with strong capabilities(p.4)
- • Proven EPC execution track record with complex project handling(p.4)
- • Established marquee customer base(p.4)
- • Strategic international partnerships(p.4)
- • Strong order book with long-term revenue visibility(p.4)
- • Experienced promoters and skilled workforce(p.4)
- • Wide geographic reach across 26 states and 10 countries(p.3)
- • Extreme revenue concentration among top customers(p.3)
- • Top 10 customers represent over 70% of revenue, creating dependency risk(p.8)
- • High reliance on single product category—power cables and conductors(p.9)
- • Deteriorating working capital efficiency(p.8)
- • Rising debt levels with elevated net debt to EBITDA ratio(p.8)
- • Reliance on limited suppliers without long-term agreements(p.9)
- • Financing agreements contain restrictive covenants and demand repayment clauses(p.9)
- • Strong industry growth momentum in wires and cables market(p.4)
- • Expanding power distribution infrastructure and rural electrification demand(p.4)
- • Conductor market growth driven by government schemes and exports(p.4)
- • Capitalize on power distribution growth to expand product portfolio(p.4)
- • Expand EPC segment by leveraging existing capabilities and partnerships(p.4)
- • Enhance manufacturing through technology and automation(p.4)
- • Increase domestic and global market presence(p.4)
- • Raw material price volatility and supply disruptions(p.9)
- • EPC revenue dependent on competitive bidding and project wins(p.9)
- • Government policies and budgetary allocations impact EPC segment(p.9)
- • Extensive regulatory compliance requirements across laws and sectors(p.9)
- • Collection delays and working capital management risks(p.9)
- • Credit rating downgrade could increase borrowing costs(p.9)
- • No established market price or trading liquidity for equity shares(p.2)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Deepak Goel | Promoter, Chairman and Managing Director | 45.41% | — |
| Devesh Goel | Promoter, Whole-time Director and Chief Executive Officer | 25.00% | — |
| Akshat Goel | Promoter, Whole-time Director | 16.13% | — |
| Rakhi Goel | Promoter | 13.45% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.