Laser Power & Infra Ltd. submitted its Draft Red Herring Prospectus (DRHP) to SEBI on October 27, 2025, seeking approval to raise funds through an Initial Public Offering (IPO). The IPO, structured as a book-built issue, aims to raise ₹1,200 crore, comprising a fresh share issue of ₹800 crore and an offer for sale (OFS) of ₹400 crore.
The company plans to list its equity shares on both NSE and BSE. IIFL Capital Services Ltd. will act as the book-running lead manager, while MUFG Intime India Pvt. Ltd. has been appointed as the registrar. Details such as the IPO price band, lot size, and subscription dates are yet to be announced.
Laser Power & Infra IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Repayment/prepayment of certain outstanding borrowings: ₹6,000 million.
- General corporate purposes, including plant and machinery maintenance, strategic initiatives, and business expansion.
- Administrative expenses, marketing, repairs, and payment of taxes and duties.
- Working capital requirements and other operational expenses.
- The company may revise the allocation based on business needs within the regulatory framework.
About Laser Power & Infra Limited
Laser Power & Infra Ltd. is an Indian company that manufactures power cables, conductors, and other specialised components for the power transmission and distribution sector.
The company has strategically expanded into the engineering, procurement, and construction (EPC) segment, focusing on rural electrification projects, power distribution infrastructure, and the installation of substations, providing end-to-end turnkey solutions. It operates three manufacturing units in West Bengal with a combined installed capacity of 73,100 MT as of March 31, 2025. The company’s products include power and control cables, speciality products, and conductors, and it had 660 permanent employees as of August 31, 2025.
Laser Power & Infra Ltd. is one of the fastest-growing manufacturers in its segment, backed by strong manufacturing capabilities, proven expertise in executing complex EPC projects, backward integration, and strategic collaborations with international partners. The company also has an established track record with a reputable customer base, positioning it strongly in India’s power infrastructure industry.
Industry Outlook
- The construction and infrastructure sectors are growing strongly, driving higher demand for electricity and power infrastructure.
- Infrastructure investments, including roads, railways, irrigation, and power, are expected to rise steadily over FY26-FY30.
- Power sector investments are projected to grow 13-15% in FY26, supported by renewable energy, electrification projects, and clean energy policies.
- Electricity demand in India is expected to grow at 5-7% CAGR over FY26-FY30, with peak demand rising sharply.
- Industrial, commercial, domestic, railway, metro, and electric vehicle sectors are key drivers of power consumption.
- FDI in the power sector has grown strongly, reflecting investor interest in India’s energy infrastructure.
- Government policies, economic growth, and initiatives like PLI, NIP, and Atmanirbhar Bharat are supporting sustained power demand.
- Rising demand for power cables, conductors, substations, and turnkey EPC solutions provides growth opportunities for Laser Power & Infra Ltd.
How To Apply for the Laser Power & Infra IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Laser Power & Infra IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Laser Power & Infra IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Laser Power & Infra Limited
Laser Power & Infra Ltd., 4A, Pollock Street, 3rd Floor,
Kolkata, West Bengal, 700001
Phone: +91 33 4822 9195
Email: investor.grievance@laserpowerinfra.com
Website: http://www.laserpowerinfra.com/
Laser Power & Infra IPO Reservation
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Offer |
| Retail Investors | Not less than 35% of the Net Offer |
| NII (Non-Institutional Investors) | Not less than 15% of the Net Offer |
Laser Power & Infra IPO Promoter Holding
The promoters of the company include Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Laser Power & Infra IPO
| KPI | Values |
| ROE (%) | 19.76 |
| ROCE (%) | 17.58 |
| Debt/Equity | 0.67 |
| RoNW (%) | 18.02 |
| PAT Margin (%) | 4.12 |
| EBITDA Margin (%) | 9.74 |
Laser Power & Infra IPO Prospectus
Laser Power & Infra IPO Registrar and Lead Managers
Laser Power & Infra IPO Lead Managers
- IIFL Capital Services Ltd
- ICICI Securities Ltd
Registrar for Laser Power & Infra IPO
MUFG Intime India Pvt.Ltd.
- Phone: +91-22-4918 6270
- Email: laserpower.ipo@in.mpms.mufg.com
- Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Financial Performance of Laser Power & Infra Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
| Assets (₹ Cr) | 2,270.17 | 1,986.99 | 1,361.49 |
| Total Income (₹ Cr) | 2,592.53 | 1,763.65 | 1,324.85 |
| Profit After Tax (₹ Cr) | 106.75 | 40.41 | 23.19 |
| EBITDA (₹ Cr) | 250.39 | 156.10 | 111.67 |
| NET Worth (₹ Cr) | 574.58 | 473.44 | 293.40 |
| Reserves & Surplus (₹ Cr) | 738.20 | 633.97 | 453.47 |
| Total Borrowing (₹ Cr) | 502.95 | 393.75 | 375.88 |
Laser Power & Infra Limited Peer Comparison
| Name of the Company | P/E | EPS (Basic) | EPS (Diluted) | RoNW (%) | NAV per Share (₹) |
| Laser Power & Infra Ltd | [●]^^ | 9.00 | 9.00 | 18.02 | 49.95 |
| Apar Industries Limited | 43.27 | 204.47 | 204.47 | 18.46 | 1,107.88 |
| Polycab India Limited | 56.42 | 134.34 | 133.80 | 20.55 | 653.31 |
| KEI Industries Limited | 55.59 | 75.65 | 75.55 | 12.04 | 605.21 |
| Dynamic Cables Limited | 15.66 | 27.31 | 27.31 | 17.34 | 154.31 |
| Universal Cables Limited | 31.11 | 25.76 | 25.76 | 5.04 | 510.72 |
Strengths and Opportunities of Laser Power & Infra Limited
- Fastest-growing manufacturer of power cables and conductors with a revenue CAGR of 39.84% over FY23–25.
- Among the leading players in East India, with a combined manufacturing capacity of 73,100 MT for power cables and conductors.
- Over 30 years of experience, serving domestic and international markets, including government utilities, private EPC players, and overseas clients.
- Power cables and conductors are tested in-house to meet BIS and international quality standards, ensuring high product reliability and customer satisfaction.
- Registered supplier to Indian Railways and accredited by RDSO, among the largest approved vendors for underground power and signalling cables in East India.
- Diversified and marquee customer base, including government DISCOMS, private EPC companies like Montecarlo Limited and KRYFS Power, and international clients in Africa, Bangladesh, and Nepal.
- Provides end-to-end services across the value chain: manufacturing, EPC projects (greenfield and brownfield), consulting, and turnkey solutions for rural electrification and substation installation.
- Strong in-house manufacturing capabilities with three strategically located units in West Bengal, covering 40.39 acres, supporting high-efficiency and large-scale production.
Risks and Threats of Laser Power & Infra Limited
- Delays in acquiring land and securing RoW for transmission lines can increase project timelines and costs; over 50% of ISTS projects under TBCB route faced such delays.
- Obtaining approvals for projects passing through forest and wildlife areas can slow down execution and raise costs; over 30% of projects face such challenges.
- Delays in commissioning one project can affect connected projects, creating cascading inefficiencies in transmission infrastructure development.
- Weak financial health of DISCOMs due to irregular tariff hikes, high losses, and delayed government subsidies can impact power offtake and hinder EPC project execution.
- Regulatory complexities, land acquisition hurdles, rising material costs, and improper cost estimations can lead to increased project costs and lower returns.
- The EPC sector faces stiff competition, rising input costs, and the need for continuous technological upgrades, requiring ongoing investments in R&D to remain competitive.
- EPC projects in remote or difficult-to-access areas face operational and logistical hurdles, increasing costs and delaying project completion.
- Multiple regulatory bodies (CERC, CEA, SERCs) govern the sector, and compliance delays or policy changes could affect project execution and profitability.
