Laser Power & Infra Limited was incorporated in 1988 as Laser Cables Private Limited. The company manufactures power cables and conductors and also provides Engineering, Procurement, and Construction (EPC) services for power transmission and distribution projects.
The company plans to raise ₹7,420 crore through its IPO, comprising a fresh issue of shares worth ₹5,420 crore and an Offer for Sale (OFS) of ₹2,000 crore by the promoter selling shareholders. The equity shares have a face value of ₹5 each and will be listed on the BSE and NSE, with NSE as the designated stock exchange.
About Laser Power & Infra
Laser Power & Infra Ltd. manufactures power cables, conductors, and other products used in India's power transmission and distribution sector. In addition to manufacturing, the company also provides Engineering, Procurement, and Construction (EPC) services, undertaking turnkey projects such as rural electrification, power distribution infrastructure, and substation installations.
As of March 31, 2026, the company operated three manufacturing units in West Bengal with a combined installed capacity of 85.448 MT. It had an order book of ₹3,243.4 crore and a presence across 26 states, four Union Territories, and 10 countries, serving both domestic and international markets.
Industry Outlook
- The Indian cables and conductors industry is expected to benefit from continued government spending on expanding and strengthening the country's power transmission and distribution infrastructure.
- Demand is likely to remain strong as utilities invest in upgrading ageing transmission lines and distribution networks to improve efficiency and reduce power losses.
- Government initiatives such as the Revamped Distribution Sector Scheme (RDSS) and the Green Energy Corridor (GEC) are expected to drive investments in transmission and distribution projects.
- Ongoing rural and urban electrification programmes, including PM-SAUBHAGYA and the National Smart Grid Mission (NSGM), are expected to support long-term demand for cables and conductors.
- India's transition towards renewable energy is creating opportunities for advanced transmission products, particularly high-temperature low-sag (HTLS) conductors, to integrate green power into the grid.
- Rising electricity demand, grid modernisation, and renewable energy expansion are expected to provide sustained growth opportunities for the cables and conductors industry over the long term.
Laser Power & Infra IPO Objectives
The company will raise up to ₹5,420.00 million will be raised via the issuance of fresh equity shares.
- A dominant portion of the funds, amounting to ₹4,900.00 million, is strictly earmarked to prepay or repay outstanding borrowings to strengthen the balance sheet and reduce finance costs.
- The remaining balance of the Fresh Issue proceeds (after deducting the company's share of issue-related expenses) will be deployed toward General Corporate Purposes to support working capital, operational growth, and project execution needs.
- The company will not receive any proceeds from the ₹2,000.00 million OFS component, as that amount goes directly to the selling promoter shareholders.
Financial Performance of Laser Power & Infra
| Particulars | FY2026 | FY2025 | FY2024 |
| Revenue from Operations (₹ million) | 23,261.04 | 25,703.97 | 17,475.78 |
| EBITDA (₹ million) | 3,014.42 | 2,503.87 | 1,561.04 |
| Profit After Tax (PAT) (₹ million) | 1,515.91 | 1,067.54 | 404.09 |
| EBITDA Margin (%) | 12.96% | 9.74% | 8.93% |
| Return on Equity (RoE) | 23.32% | 19.76% | 10.41% |
Laser Power & Infra Peer Comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹/Share) | P/E (x) | RoNW (%) |
| Laser Power & Infra | 13.18 | 13.18 | 63.06 | —* | 20.90 |
| Apar Industries | 243.21 | 242.81 | 1,342.70 | 67.05 | 18.11 |
| Polycab India | 177.53 | 176.95 | 797.79 | 56.98 | 22.25 |
| KEI Industries | 96.09 | 96.02 | 697.17 | 58.64 | 13.78 |
| Dynamic Cables | 17.42 | 17.42 | 94.36 | 21.05 | 18.47 |
| Universal Cables | 47.01 | 47.01 | 545.03 | 27.09 | 8.63 |
Strengths and Opportunities of Laser Power & Infra
- Over 35 years of industry experience, with operations dating back to 1988.
- Diversified business model spanning both cable manufacturing and EPC services.
- Technology partnership with TS Conductor Corp for advanced carbon-fibre overhead conductors.
- Strong domestic sourcing, with 96.64% of raw materials procured from Indian suppliers in FY26.
- Established manufacturing base with multiple production facilities in West Bengal.
- Proven execution track record in government and state electricity board projects.
- Price escalation clauses in contracts help offset raw material cost fluctuations.
- Growing demand driven by grid modernisation and renewable energy expansion.
Risks and Threats of Laser Power & Infra
- The top 10 customers accounted for 72.14% of operational revenues in Fiscal 2026.
- Product sales contributed 72.70% of revenue in FY26, exposing the business to singular segment downturns.
- Raw materials consumed represented 63.35% of total company expenses in Fiscal 2026.
- Business acquisition relies entirely on successfully winning competitive government and private utility bids.
- Operations require high working capital; delays in receivables collections from government agencies could heavily strain liquidity.
- 67.73% of material purchases were concentrated among the top 10 suppliers in FY26.
- The company relies primarily on open market purchase orders for critical input materials like aluminum.
- Aluminum prices are linked directly to international commodity exchanges, which can face volatile swings.
Laser Power & Infra IPO Reservation
| Investor Category | Allocation |
| Qualified Institutional Buyers (QIBs) | Not more than 50% of the Net Offer |
| Retail Individual Investors (RIIs) | Not less than 35% of the Net Offer |
| Non-Institutional Investors (NIIs) | Not less than 15% of the Net Offer |
Laser Power & Infra Promoter Holding
| Shareholding | Pre-IPO | Post-IPO |
| Promoter Holding | 100.00% | 75.29% |
Laser Power & Infra IPO Registrar and Lead Managers
Name of Registrar: MUFG Intime India Pvt.Ltd.
Phone: 022-49186000
Email: laserpower.ipo@in.mpms.mufg.com
Name of Lead Manager: IIFL Capital Services Ltd., ICICI Securities Ltd.
How to Apply for 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?
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
Address: 4A, Pollock Street, 3rd Floor, Kolkata, West Bengal, 700001
Phone: +91 33 4822 9195
Email ID: investor.grievance@laserpowerinfra.com
