Laser Power & Infra Cuts IPO Size at ₹742 Crore; Public Issue Opens July 9 Amid Strong Operating Margins
Power transmission and distribution equipment manufacturer Laser Power & Infra has finalized its Initial Public Offering (IPO) details after filing its Red Herring Prospectus (RHP). The company is set to raise a total of Rs 742 crore through the IPO, which is scheduled for public subscription starting July 9. The listing of shares is anticipated on July 16.The Kolkata-based, Goel family-promoted entity plans to secure Rs 542 crore via a fresh issue of shares. An additional Rs 200 crore will be raised through an Offer For Sale (OFS) involving promoters. This marks a reduction from the original proposal of Rs 1,200 crore mentioned in the draft prospectus filed earlier this year.
IPO Structure and Timeline Details
The company has meticulously structured its offering to cater to various investor types. A significant half of the total issue size is reserved for Qualified Institutional Buyers (QIBs). Fifteen percent is allocated to Non-Institutional Investors (NIIs), while retail investors are allotted thirty-five percent of the shares.The IPO timeline is tightly scheduled, with the anchor investor book opening on July 8. The public subscription period begins on July 9 and will conclude on July 13. The allotment process is expected to be finalized by July 14, ahead of the market listing date.
Financial Resilience: Net Profit Jumps 42% in FY26
Despite a decrease in overall revenue during the fiscal year 2026 (FY26), Laser Power & Infra demonstrated remarkable operational efficiency and margin expansion. The company reported a strong 42 percent jump in net profit, achieving Rs 151.6 crore in FY26.Revenue for FY26 stood at Rs 2,326.1 crore, which is down 9.5 percent compared to the revenue of Rs 2,570.4 crore recorded in FY25. However, EBITDA saw a healthy rise of 20.4 percent, reaching Rs 301.4 crore.
Core Business and Strategic Repayment Focus
The company’s business model is diversified across manufacturing and engineering projects. Manufacturing accounted for 73 percent of the revenue share in FY26, while the Engineering, Procurement, and Construction (EPC) segment contributed the remaining 27 percent.The funds raised from the fresh issue are earmarked strategically. Rs 499 crore will be utilized specifically to repay existing borrowings. This allocation is crucial given that the company’s outstanding borrowings stood at Rs 935.7 crore as of June 17, 2026. The balance of the IPO proceeds has been allocated for general corporate purposes.
Laser Power & Infra operates from three manufacturing facilities in West Bengal, boasting a combined installed capacity of 85,448 metric tonnes (MT). Furthermore, the company holds an impressive order book valued at Rs 3,243.4 crore as of the end of FY26. Book-running lead managers for this issue are IIFL Capital Services and ICICI Securities.
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