Laser Power & Infra
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
Day-wise premium · 13 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 16 Jul 2026 | ₹39 | — | ₹2,100 | — | ₹2,730 |
| 15 Jul 2026 | ₹40 | — | ₹2,100 | — | ₹2,800 |
| 14 Jul 2026 | ₹42 | — | ₹2,200 | — | ₹2,940 |
| 13 Jul 2026 | ₹40.5 | — | ₹2,200 | — | ₹2,835 |
| 12 Jul 2026 | ₹34.5 | — | ₹1,800 | — | ₹2,415 |
| 11 Jul 2026 | ₹36.5 | — | ₹1,900 | — | ₹2,555 |
| 10 Jul 2026 | ₹35.5 | — | ₹1,900 | — | ₹2,485 |
| 09 Jul 2026 | ₹24 | — | ₹1,300 | — | ₹1,680 |
| 08 Jul 2026 | ₹15 | — | ₹800 | — | ₹1,050 |
| 07 Jul 2026 | ₹15 | — | ₹800 | — | ₹1,050 |
| 06 Jul 2026 | ₹28 | — | ₹1,500 | — | ₹1,960 |
| 05 Jul 2026 | ₹0 | — | — | — | ₹0 |
| 04 Jul 2026 | ₹0 | — | — | — | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 09 Jul 2026 – 13 Jul 2026
- Listing date
- 16 Jul 2026
- Face value
- ₹5 per share
- Price band
- ₹203 – ₹214
- Issue price
- ₹214 per share
- Lot size
- 70 shares
- Sale type
- Fresh capital cum OFS
- Issue type
- Book Building issue
- Total issue size
- ₹742 Cr
- Fresh issue
- ₹542 Cr 2,53,27,102 shares
- Offer for sale
- ₹200 Cr 93,45,793 shares
- Market cap at offer price
- ₹3,004 Cr
- Promoter holding
- 100.00% → 75.29% pre-issue → post-issue
- ISIN
- INE17IR01028
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- IIFL Capital Services Ltd.
- Registered office
- 4A,, Pollock Street,, 3rd Floor,, West Bengal
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,04,01,867 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 70 shares per lot, in multiples, at ₹214
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 70 | ₹14,980 |
| Retail (max) | 13 | 910 | ₹1,94,740 |
| S-HNI (min) | 14 | 980 | ₹2,09,720 |
| S-HNI (max) | 66 | 4,620 | ₹9,88,680 |
| B-HNI (min) | 67 | 4,690 | ₹10,03,660 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹214 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 13.18 | 10.80 |
| P/E (×) | 16.24 | 19.81 |
| Price to book (×) | 3.39 | — |
| Market cap | — | ₹3,004 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 20.90%
- ROCE
- 17.83%
- Debt / equity
- 1.10
- PAT margin
- 6.46%
- EBITDA margin
- 12.96%
- NAV per share
- ₹63.06
- Price to book
- 3.39
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
Selling shareholders
Existing holders selling into the offer — these proceeds go to the seller, not to the company
| Seller | Capacity | Shares offered | Avg. cost |
|---|---|---|---|
| Deepak Goel | Promoter Selling Shareholder | not yet stated | ₹0.01 |
| Rakhi Goel | Promoter Selling Shareholder | not yet stated | ₹0.1 |
| Devesh Goel | Promoter Selling Shareholder | not yet stated | ₹0 |
| Akshat Goel | — | not yet stated | — |
About Laser Power & Infra
Laser Power & Infra Limited was originally incorporated as Laser Cables Private Limited on January 7, 1988 in Kolkata, West Bengal, India. The company operates through two primary business segments: manufacturing and EPC (engineering, procurement, and construction) services. In the manufacturing segment, the company produces power cables, aluminium conductors, and related products used in power transmission and distribution networks. In the EPC segment, the company undertakes transmission and distribution projects awarded by state electricity boards, distribution companies, and government authorities through competitive bidding. The company has evolved through various corporate transactions including a scheme of amalgamation with Laser Aluminium Company Limited (effective April 1, 2009), a composite scheme of arrangement involving demerger and amalgamation (effective April 1, 2019 and approved December 14, 2021), and most recently a scheme of arrangement involving demerger of kitchen products business (effective January 30, 2025). As of March 31, 2026, the company operates three manufacturing units in West Bengal with combined installed capacity of 85,448 MT.
Company Analysis
from DRHPLaser Power & Infra Limited manufactures power cables and conductors and undertakes engineering, procurement, and construction (EPC) projects in the power transmission and distribution infrastructure sector in India and internationally.
Laser Power & Infra Limited was originally incorporated as Laser Cables Private Limited on January 7, 1988 in Kolkata, West Bengal, India. The company operates through two primary business segments: manufacturing and EPC (engineering, procurement, and construction) services. In the manufacturing segment, the company produces power cables, aluminium conductors, and related products used in power transmission and distribution networks. In the EPC segment, the company undertakes transmission and distribution projects awarded by state electricity boards, distribution companies, and government authorities through competitive bidding. The company has evolved through various corporate transactions including a scheme of amalgamation with Laser Aluminium Company Limited (effective April 1, 2009), a composite scheme of arrangement involving demerger and amalgamation (effective April 1, 2019 and approved December 14, 2021), and most recently a scheme of arrangement involving demerger of kitchen products business (effective January 30, 2025). As of March 31, 2026, the company operates three manufacturing units in West Bengal with combined installed capacity of 85,448 MT.
Objects of the Issue
- Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company ₹4,900.00 million p.141
- General corporate purposes ₹211.46 million p.141
Issue Structure
- Total Issue
- 34,672,895* Equity Shares of face value of ₹5 each aggregating to ₹7,420.00* million
- Fresh Issue
- 25,327,102* Equity Shares of face value of ₹5 each aggregating to ₹5,420.00* million
- Offer for Sale
- 9,345,793* Equity Shares of face value of ₹5 each aggregating to ₹2,000.00* million (comprising 5,257,009* shares by Deepak Goel for ₹1,125.00* million, 1,168,224* shares by Rakhi Goel for ₹250.00* million, and 2,920,560* shares by Devesh Goel for ₹625.00* million)
- Price Band
- ₹203.00 (Floor Price) to ₹214.00 (Cap Price) per Equity Share
- Lot Size
- 70 Equity Shares (Bid Lot)
- Face Value
- ₹5 each
Business Model
The company generates revenue through two primary channels: (1) Manufacturing segment - sale of power cables, aluminium conductors (including High-Temperature Low-Sag conductors through manufacturing agreement with TS Conductor Corp), and related products to utilities, distributors and EPC contractors; and (2) EPC segment - execution of transmission and distribution infrastructure projects on a contract basis, typically awarded through competitive bidding with payment schedules typically requiring 60% payment within 60 days of supply invoices, 30% after installation, and 10% after commissioning. Manufacturing revenue contributed 72.70% of total revenue from operations in Fiscal 2026 (₹16,910.39 million out of ₹23,261.04 million), while EPC revenue contributed 27.30% (₹6,350.65 million).
Business Segments
SWOT Analysis
- • Integrated manufacturing and EPC business model(p.38)
- • Quality certifications and standards compliance(p.49)
- • Multi-segment revenue generation(p.230)
- • Established presence in power sector(p.230)
- • High customer concentration risk(p.26)
- • Significant supplier dependency(p.29)
- • Geographic concentration of manufacturing(p.39)
- • High working capital requirements(p.32)
- • Delayed payment of statutory dues(p.54)
- • Expansion into water and solar distribution(p.38)
- • Growth in power transmission sector(p.163)
- • Government infrastructure investments(p.35)
- • Export market potential(p.54)
- • Intense competition in cable and conductor industry(p.38)
- • Volatility in raw material prices(p.23)
- • Dependent on competitive bidding for EPC contracts(p.31)
- • Government policy and regulatory changes(p.67)
- • Long project execution cycles and delays(p.47)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Deepak Goel | Promoter and Promoter Selling Shareholder | 45.41% | 33.47% |
| Devesh Goel | Promoter and Promoter Selling Shareholder | 25.00% | 18.41% |
| Akshat Goel | Promoter | 16.13% | 13.22% |
| Rakhi Goel | Promoter and Promoter Selling Shareholder | 13.45% | 10.19% |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.