Laser Power Infra Fixes ₹742 Crore IPO Price Band at ₹203-₹214 as Cables Company Aims for Market Listing
Kolkata based Laser Power and Infra has officially set the price band for its maiden public issue. The manufacturer of power cables and conductors has pegged the offer between Rs 203 and Rs 214 per share. This IPO is structured to raise a total of ₹742 crore, positioning the company at an upper valuation of Rs 3,003.8 crore.The public subscription for Laser Power’s offering is slated to begin on July 9 and conclude by July 13. A dedicated anchor book opening has been scheduled for July 8. The initial public offering encompasses a fresh issue amounting to Rs 542 crore, complemented by an offer for sale (OFS) of shares worth Rs 200 crore by the Goel family.
IPO Structure and Investor Allocation
The investment opportunity is segmented clearly across different investor categories. Half of the total offer has been reserved exclusively for Qualified Institutional Buyers (QIBs). Fifteen percent of the offering is designated for Non-Institutional Investors (NIIs). The remaining 35 percent is earmarked for retail investors, providing a clear pathway for individual participation.For retail investors, the minimum investment required is Rs 14,980. This translates to a minimum purchase of 70 equity shares, with subsequent investments allowed in multiples of 70 shares. The maximum possible investment amount for a retail investor has been set at Rs 1,94,740.
Utilization of Funds and Business Profile
The funds raised through the fresh issue will be strategically utilized by Laser Power and Infra. A significant portion, totaling Rs 490 crore from the fresh issue proceeds, is dedicated to the repayment of company borrowings. The remaining amount will be allocated for general corporate purposes, supporting future expansion and stability.Laser Power’s operations are fundamentally split between two key business segments. The products and components segment currently accounts for a commanding 73 percent of the company's topline revenue. This is balanced by its engineering, procurement, and construction (EPC) division, which brings in an additional 27 percent of revenue through projects focused on rural electrification and substation installation.
Financial Performance and Market Standing
Despite a slight dip in overall revenue, Laser Power & Infra demonstrated robust operating strength during the financial year FY26. The company recorded a profit of Rs 151.6 crore for FY26. This represents a significant leap, marking a 42 percent increase from the Rs 106.8 crore profit reported in the previous fiscal year.Revenue did see a decline, falling by 9.5 percent to Rs 2,326.1 crore in FY26, down from Rs 2,570.4 crore in the preceding financial year. The company operates in a competitive market, facing established peers such as Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Universal Cables.
Book-Running Lead Managers
The IPO is being managed by specialized financial institutions. IIFL Capital Services and ICICI Securities have been appointed as the book-running lead managers for the Laser Power and Infra public offering. These firms will oversee the critical stages of subscription and allotment, ensuring a seamless market entry for the power cable manufacturer.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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