Laser Power & Infra IPO Review 2026 | IPO GMP, Review, Dates, Price, Subscription & Analysis
IPO Snapshot
| Particulars | Details |
|---|---|
| Chanakya View | Neutral to Positive |
| GMP Today | Yet to Commence |
| Subject to Sauda | Yet to Commence |
| Issue Size | Rs. 742 Crore |
| Price Band | Yet to be Announced |
| Lot Size | Yet to be Announced |
| Retail Investment | Yet to be Announced |
| Listing Exchange | BSE, NSE |
| Market Cap | To be Announced |
Live Subscription Tracker (Only After IPO Opens)
| Category | Subscription |
|---|---|
| QIB | XXx |
| NII | XXx |
| Retail | XXx |
| Total | XXx |
Subscription Signal
| Subscription Level | Interpretation |
|---|---|
| Below 1x | Weak |
| 1x–5x | Average |
| 5x–20x | Good |
| 20x–50x | Strong |
| Above 50x | Very Strong |
What Does the Company Do?
Laser Power & Infra Ltd. is an integrated manufacturer of power cables, conductors and specialised transmission products. The company also executes EPC projects in rural electrification, power distribution infrastructure and substation installation. It operates three manufacturing facilities in West Bengal with a combined installed capacity of 73,100 MT.
IPO Schedule
| Event | Date |
|---|---|
| IPO Opens | 9 July 2026 |
| IPO Closes | 13 July 2026 |
| Allotment | 14 July 2026 (Expected) |
| Listing | 16 July 2026 (Expected) |
Quick Positives
✅ Strong presence in power cables, conductors and EPC business.
✅ Revenue and PAT have grown consistently over the last three years.
✅ IPO proceeds will significantly reduce debt, strengthening the balance sheet.
Key Risks
⚠ EPC business is execution-intensive and dependent on government infrastructure spending.
⚠ Margins remain relatively moderate and raw material prices can impact profitability.
Who Should Apply?
| Investor Type | Suitability |
|---|---|
| Listing Gain Investors | ★★★☆☆ |
| Long-Term Investors | ★★★★☆ |
| Conservative Investors | ★★★☆☆ |
| High-Risk Investors | ★★★★☆ |
Chanakya View
Laser Power & Infra operates in a fast-growing segment supported by India’s expanding power transmission, distribution and infrastructure spending. The company has delivered healthy revenue and profit growth while maintaining comfortable return ratios. The proposed debt repayment of Rs. 600 crore should further strengthen its financial position.
However, investors should monitor execution risks in the EPC business, commodity price volatility and final IPO valuation once the price band is announced.
Chanakya View: Neutral to Positive. Long-term investors may consider the issue if valuations remain reasonable, while listing gains will depend on pricing, subscription response and prevailing market sentiment.
IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Date | 9 July 2026 to 13 July 2026 |
| Listing Date | 16 July 2026 (Expected) |
| Face Value | Rs. 5 Per Share |
| Issue Type | Book Building IPO |
| Listing | BSE & NSE |
| Total Issue Size | Rs. 742 Crore |
| Fresh Issue | Rs. 542 Crore |
| Offer For Sale | Rs. 200 Crore |
| Price Band | Yet to be Announced |
| Lot Size | Yet to be Announced |
| Shareholding Pre Issue | 11,50,41,240 Shares |
Reservation
| Investor Category | Allocation |
|---|---|
| QIB | Up to 50% |
| Retail | Not Less Than 35% |
| NII | Not Less Than 15% |
Company Details
Laser Power & Infra Ltd. manufactures power cables, conductors and specialised products used in India’s power transmission and distribution sector. Besides manufacturing, the company executes EPC projects involving rural electrification, substations and power infrastructure. It has three manufacturing facilities in West Bengal and serves a diversified customer base through manufacturing and turnkey project execution.
Competitive Strengths
- Fast-growing manufacturer of power cables and conductors.
- Strong manufacturing capacity with backward integration.
- Proven EPC execution capabilities.
- Established customer relationships.
- Strategic collaborations with international partners.
IPO Objects
| Sr. No. | Objects | Estimated Amount |
|---|---|---|
| 1 | Repayment/Prepayment of Borrowings | Rs. 600 Crore |
| 2 | General Corporate Purposes | Balance Amount |
Financials (Rs. Crore)
| Particulars | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Total Income | 2,592.53 | 1,763.65 | 1,324.85 |
| Profit After Tax | 106.75 | 40.41 | 23.19 |
| EBITDA | 250.39 | 156.10 | 111.67 |
| Net Worth | 574.58 | 473.44 | 293.40 |
| Total Borrowings | 502.95 | 393.75 | 375.88 |
Valuation
Key Performance Indicators
| KPI | FY2025 |
|---|---|
| ROE | 19.76% |
| ROCE | 17.58% |
| Debt / Equity | 0.67 |
| RoNW | 18.02% |
| PAT Margin | 4.12% |
| EBITDA Margin | 9.74% |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
|---|---|---|
| Promoter Holding | 100% | To be Updated |
Lead Manager & Registrar
| Particulars | Details |
|---|---|
| Lead Managers | IIFL Capital Services Ltd., ICICI Securities Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
Company Address
Laser Power & Infra Ltd.
4A, Pollock Street, 3rd Floor, Kolkata – 700001
Phone: +91 33 4822 9195
Email: investor.grievance@laserpowerinfra.com
FAQs
What is the Laser Power & Infra IPO GMP today?
The Grey Market Premium (GMP) has not commenced yet. The IPO Snapshot above will be updated once trading begins.
What is the Laser Power & Infra IPO issue size?
The IPO consists of a Rs. 742 crore issue comprising a Rs. 542 crore fresh issue and a Rs. 200 crore Offer for Sale (OFS).
When will Laser Power & Infra IPO open?
The IPO will open on 9 July 2026 and close on 13 July 2026.
When is the allotment and listing?
The expected allotment date is 14 July 2026, while the shares are expected to list on 16 July 2026.
Should investors apply?
The company operates in a promising infrastructure segment with improving financials and debt reduction plans. Investors should evaluate the final valuation, GMP and subscription levels before making a decision. Current Chanakya View: Neutral to Positive.