Power Cables Maker Laser Power Mobilizes ₹222 Cr from Anchors, Boosting Investor Confidence Before IPO

Power Cables Maker Laser Power Mobilizes ₹222 Cr from Anchors, Boosting Investor Confidence Before IPO​

Laser Power & Infra has secured significant pre-market backing ahead of its public listing, announcing that it has raised Rs 222.6 crore through anchor investments on July 8. This robust commitment came just a day before the commencement of the company's Initial Public Offering (IPO).

The successful anchor subscription highlights strong institutional confidence in the Kolkata-based power cables and conductors manufacturer. The allocation involved 15 anchor investors, confirming the company’s appeal to both domestic asset managers and international financial firms.

Anchor Investment Details and Investor Profile​

The allocation of 1.04 crore equity shares was finalized at the upper price band during the anchor book phase. Eight major domestic mutual funds were identified among the subscribing parties, including Nippon Life India, HDFC Mutual Fund, Kotak Mahindra AMC, and Mirae Asset.

International institutions also showed keen interest in Laser Power’s growth trajectory. Societe Generale, 3P India Equity Fund, Buoyant Capital AIF, and SageOne among others participated through the anchor book, demonstrating broad market validation.

IPO Structure and Funds Utilization​

Laser Power has launched a total IPO of Rs 742 crore, offering potential investors a defined opportunity. The issue is structured as a fresh issuance of shares worth Rs 542 crore, alongside an Offer for Sale (OFS) component valued at Rs 200 crore.

The public subscription phase is slated to commence on July 9 and conclude on July 13, with the company’s price band set between Rs 203 and Rs 214 per share. The proceeds from the net fresh issue will be strategically deployed by the power transmission manufacturer.

A major part of the funds will be directed towards deleveraging the balance sheet. Laser Power intends to use Rs 490 crore from the IPO proceeds to repay certain outstanding borrowings. This move addresses the existing debt load, which stood at Rs 935.6 crore as of June 17, 2026.

Operational Capacity and Financial Performance Review​

Laser Power operates through three dedicated manufacturing units located in West Bengal. These facilities boast a combined installed capacity of 85,448 MT for power cables and conductors. Beyond manufacturing, the company provides essential EPC services across the power distribution sector.

The company's operations are diversified, with its core business segments contributing significantly to revenue. The manufacturing business contributed 73 percent of the total revenue, while the Engineering, Procurement, and Construction (EPC) segment accounted for 27 percent in the fiscal year ended 2026.

Financial health remains a key focus as the company moves forward. Revenue reached Rs 2,326 crore in FY26, registering a 9.5 percent dip compared to the previous year. However, profits showed substantial strength, increasing by 42 percent and reaching Rs 151.6 crore in the same period.

Merchant Banking and Future Outlook​

The IPO is being managed by established financial institutions. IIFL Capital Services and ICICI Securities have been appointed as the merchant bankers responsible for overseeing the entire Laser Power & Infra IPO process. The company continues to serve crucial infrastructure needs, focusing on rural electrification projects and power distribution development turnkey solutions.