Laser Power & Infra Ltd.
LASERPOWERMainboard
Ask IPO
Overview
Laser Power & Infra Limited is an integrated player in India’s power transmission and distribution ecosystem, manufacturing power and control cables, speciality cable-related inputs (such as aluminium/alloy wire rods and PVC/XLPE compounds) and a range of conductors, while also executing turnkey EPC works in power distribution and substations. The company operates three manufacturing units in West Bengal with combined installed capacity of 85,448 MT (FY26), serves government utilities and Indian Railways (RDSO-related approvals/vendor status mentioned), and has a customer footprint spanning multiple Indian states as well as select overseas markets.
Opening Date
Jul 09, 2026
Closing Date
Jul 13, 2026
Listing Date
Jul 16, 2026
IPO Type
Mainboard
IPO Status
Closed
Issue Size
742 Cr
Fresh Issue
542 Cr
Offer for Sale
200 Cr
Price Band
₹203 - ₹214
Lot Size
70
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
16.24
EPS
13.18
ROE
23.32%
ROCE
17.83%
RONW
20.9%
Debt to Equity Ratio
—
PAT Margin
6.46%
EBITDA Margin
12.96%
P/B
3.39
Bull vs Bear
Bull case
- •
Scale-plus-integration edge: 85,448 MT installed capacity and 32,434.00 million Order Book (Mar-31-2026) support internal EPC sourcing and faster delivery.
- •
EPC execution visibility: 47 bids and 8 wins in FY2026, with projects awarded worth 12,932.90 million (incl. GST) shows repeat tender participation.
- •
Industry tailwind: India power demand expected to grow 5–7% CAGR over FY27–31, supporting ongoing grid capex and cable/conductor offtake.
Bear case
- •
Customer concentration: top 10 customers contributed 72.14% of revenue in FY2026; losing one large customer can quickly hit volumes and collections.
- •
Manufacturing dependence: cables and conductors contributed 72.70% of FY2026 revenue; any quality lapse or demand drop impacts most of the P&L.
- •
Raw-material sensitivity: cost of materials consumed was 63.35% of FY2026 total expenses; inventory is only ~20–31 days, so supply shocks affect timelines.
Net takeaway
At its core, this is a bet on operating leverage: FY2026 PAT margin 6.46% on revenue 23,261.04 million, with manufacturing at 72.70% of revenue. If you believe order visibility (32,434.00 million order book) converts without working-capital strain (138 NWC days), the upside holds; otherwise, the risk holds. Keep watching cash conversion: FY2026 trade receivables days 196 and net debt/EBITDA 2.66—these show whether growth is self-funded or debt-funded.
Subscription Rate
Application Details
Frequently Asked Questions about Laser Power & Infra Ltd.
Laser Power & Infra Limited is an integrated player in India’s power transmission and distribution ecosystem, manufacturing power and control cables, speciality cable-related inputs (such as aluminium/alloy wire rods and PVC/XLPE compounds) and a range of conductors, while also executing turnkey EPC works in power distribution and substations. The company operates three manufacturing units in West Bengal with combined installed capacity of 85,448 MT (FY26), serves government utilities and Indian Railways (RDSO-related approvals/vendor status mentioned), and has a customer footprint spanning multiple Indian states as well as select overseas markets.
The Laser Power & Infra Ltd. IPO is scheduled to open for subscription on Jul 09, 2026 and close on Jul 13, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Laser Power & Infra Ltd. IPO is ₹203 to ₹214. Investors can place bids within this range once the issue opens.
The minimum lot size for the Laser Power & Infra Ltd. IPO is 70 shares. The minimum investment amount ₹14,980.
The total issue size of the Laser Power & Infra Ltd. IPO is approximately ₹742.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Laser Power & Infra Ltd. IPO has been subscribed 1.05 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Laser Power & Infra Ltd. IPO is ₹[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Laser Power & Infra Ltd. are expected to list on stock exchanges on Jul 16, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Laser Power & Infra Ltd. IPO are proposed to be used for Our Company proposes to utilize the Net Proceeds towards funding of the following objects (collectively, referred to as 'Objects'):, Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company, General corporate purposes.
Before applying for the Laser Power & Infra Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
