| Price | Lot Size | Issue Date | Issue Size |
|---|---|---|---|
| ₹203 to ₹214 | 70 | 09th July, 2026 – 13th July, 2026 | ₹742 Cr |
Laser Power & Infra Ltd
Laser Power and Infra Limited is an integrated manufacturer of power cables, conductors and specialized electrical products, with an EPC business focused on power transmission and distribution infrastructure. Backed by over three decades of operating experience, the company has developed an integrated business model combining in-house manufacturing with turnkey project execution, enabling it to deliver end-to-end solutions across the power infrastructure value chain. According to the CRISIL Report, the company is among the leading manufacturers of power cables and conductors in East India in terms of installed manufacturing capacity. It is one of the largest approved RDSO vendors in the region for select railway signalling and power cable products. The manufacturing business spans three product categories – power and control cables, specialty products, and conductors – including LT and MV power cables, aerial bunched cables, signalling cables, aluminium wire rods, PVC compounds, and a wide range of transmission conductors, catering to utilities, railways, industrial customers, and EPC contractors. The company operates three manufacturing facilities in West Bengal with a combined installed capacity of 85,448 MT as of March 31, 2026. Strategically located near key ports and raw material sources, the facilities provide procurement and logistics advantages while supporting efficient domestic and export operations. Modern production facilities, NABL-accredited testing laboratories and ISO-certified quality systems support its manufacturing capabilities. Complementing its manufacturing operations, the EPC business delivers turnkey solutions across rural and urban electrification, substations, transmission and distribution lines, underground cabling and distribution network strengthening. The integrated manufacturing and EPC platform enables significant internal sourcing of cables and conductors, improving execution efficiency, cost competitiveness and quality control. Supported by long-standing relationships with government utilities, Indian Railways, DISCOMs, private EPC players, and overseas customers, Laser Power and Infra is well-positioned to benefit from rising investments in power transmission and distribution infrastructure, railway electrification, and grid modernization across India.
Objective of Laser Power & Infra Ltd
The IPO consists of a fresh issue of up to Rs. 542 crores and an offer for sale of up to Rs. 200 crores. The net proceeds from the fresh issue are proposed to be utilised for the following purposes:
- Funding capital expenditure requirements for the expansion of manufacturing capacities and infrastructure;
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company;
- General corporate purposes.
Rationale To Laser Power & Infra Ltd
Investment Rationale
Strong Manufacturing Scale and Integrated Business Model Supports Long-Term Growth
The company has established a strong competitive position in the power transmission and distribution value chain through its integrated manufacturing and EPC business model. According to a CRISIL Report, the company is among the leading manufacturers of power cables and conductors in East India, with an installed manufacturing capacity of 85,448 MT as of FY26. Its scale, coupled with over three decades of operating experience, enables it to serve a diverse customer base comprising Indian Railways, state DISCOMs, government utilities, private EPC contractors, and international customers. The company’s backwards-integrated manufacturing operations, supported by in-house production of key raw materials such as aluminium wire rods and XLPE/PVC compounds, improve cost efficiency, supply chain reliability and quality control while reducing dependence on external suppliers. Its RDSO approvals, NABL-accredited testing facilities and adherence to BIS and international quality standards further strengthen its competitive positioning in a sector where product qualification and execution capabilities remain critical. The integrated manufacturing-EPC platform creates meaningful operating synergies by enabling internal sourcing of cables and conductors for infrastructure projects, improving execution efficiency and enhancing bidding competitiveness. With the Indian wires and cables industry expected to grow at an 11-13% CAGR between FY25 and FY30, . supported by increasing investments in power transmission, railway electrification, smart grids and distribution infrastructure, the company is well positioned to benefit from favourable industry tailwinds through its established manufacturing scale, diversified product portfolio and integrated execution capabilities.
Technology Partnership and Strong Order Book Enhance Long-Term Growth Visibility
Laser Power & Infra has strengthened its technological capabilities through its strategic manufacturing partnership with TS Conductor Corp., a US-based transmission technology company, enabling the domestic production of next-generation composite core conductors. The collaboration expands the company’s product portfolio with advanced transmission solutions, including AECC, HTLS, ECO conductors, AL-59 AAC, and ACSS, to address the evolving requirements of modern power transmission networks. According to a CRISIL Report, AECC conductors offer superior thermal stability, lower sag, higher current-carrying capacity, and enhanced corrosion resistance, making them well-suited for transmission upgrades without significant infrastructure expansion. The partnership provides access to differentiated technology, reduces import dependence, and positions the company to benefit from increasing investments in grid modernization, renewable energy integration, and transmission network expansion. Complementing its technology-led product expansion, Laser Power & Infra has built a healthy execution pipeline, with its order book increasing 49.3% YoY to Rs. 32,434.00 million as of March 31, 2026, providing strong revenue visibility over the medium term. The order book comprises projects across Assam, Bihar, Odisha and West Bengal, covering high-voltage distribution systems, substations, underground cabling and last-mile electrification. The company’s diversified project mix, expanding geographical presence and established execution capabilities strengthen its ability to secure large infrastructure contracts while supporting sustainable revenue growth and margin expansion.
Valuation of Laser Power & Infra Ltd
Laser Power & Infra Limited operates in the power transmission and distribution industry through an integrated business model encompassing manufacturing of power cables, conductors, and specialized electrical products, as well as EPC execution for power infrastructure projects. Backed by over three decades of operating experience, integrated manufacturing facilities, backward integration, and long-standing relationships with Indian Railways, DISCOMs, and government utilities, the company is well positioned to benefit from structural growth in India’s power infrastructure sector, driven by transmission expansion, distribution strengthening, railway electrification, and renewable energy integration. Its strategic partnership with TS Conductor Corp. further enhances its product portfolio and strengthens its positioning in advanced high-performance conductors. India’s power cables, conductors, and transmission & distribution equipment industry is experiencing robust structural growth, driven by sustained government investments in power infrastructure, grid modernization, renewable energy integration, railway electrification, and the expansion of transmission and distribution networks across urban and rural regions. Financially, revenue from operations increased from Rs. 1,748 crores in FY24 to Rs. 2,326 crores in FY26, registering a 15.4% CAGR over the period. EBITDA nearly doubled to Rs. 301 crores in FY26, with the EBITDA margin improving to 13.0% in FY26 from 8.9% in FY24. PAT increased from Rs. 40 crores in FY24 to Rs. 152 crores in FY26, reflecting a 93.7% CAGR over FY24-26 period, supported by improving operating efficiency and higher return ratios. Looking ahead, increasing investments in transmission and distribution infrastructure, smart grids and power network modernization are expected to drive long-term growth. At the upper price band of Rs. 214, the issue is valued at a P/E of 16.2x based on FY26 diluted EPS of Rs. 13.2. While the valuation appears demanding, the company’s integrated business model, improving profitability, and favourable industry outlook provide healthy long-term growth visibility. Accordingly, we recommend a “SUBSCRIBE” rating for the issue with a long-term investment horizon.
What is the Laser Power & Infra Ltd IPO?
The initial public offer (IPO) of Laser Power & Infra Ltd offers an early investment opportunity in. A stock market investor can buy Laser Power & Infra Ltd IPO shares by applying in IPO before All Laser Power & Infra Ltd shares get listed at the stock exchanges. An investor could invest in Laser Power & Infra Ltd for short term listing gain or a long term.
How to apply for the Laser Power & Infra Ltd IPO through StoxBox?
To apply for the Laser Power & Infra Ltd IPO through StoxBox one can apply from the website and also from the app. Click here
When will the Laser Power & Infra Ltd IPO open?
Laser Power & Infra Ltd IPO is opening on 09th July 2026. Apply Now
What is the lot size of the Laser Power & Infra Ltd IPO?
The Lot Size of Laser Power & Infra Ltd Ltd 70 equity shares. Login to your account now.
When is the Laser Power & Infra Ltd IPO allotment date?
The allotment Date for Laser Power & Infra Ltd IPO is 14th July 2026. Login to your account now.
When is the Laser Power & Infra Ltd IPO listing date?
The listing Date for Laser Power & Infra Ltd is 16th July 2026. Login to your account now
What is the minimum investment required for the Laser Power & Infra Ltd IPO?
In the Retail segment the minimum investment required is Rs 14,980 Login to your account now
What is the maximum investment allowed for Laser Power & Infra Ltd IPO?
In the Retail segment the maximum investment requirement Rs 1,94,740 Login to your account now
What are the risks associated with investing in the Laser Power & Infra Ltd IPO?
- The company’s financing arrangements contain financial and operational covenants that may restrict its business flexibility. In addition, a portion of its unsecured borrowings is repayable on demand. Any breach of these covenants or inability to obtain waivers from lenders could lead to accelerated repayment obligations, adversely impacting the company’s liquidity and financial condition.
- The company operates all of its manufacturing facilities in West Bengal. Any disruption arising from regional risks, natural disasters, labour issues, infrastructure disruptions or operational shutdowns at these facilities could adversely impact its manufacturing operations, financial condition and results of operations.
When will the Laser Power & Infra Ltd IPO shares be credited to my Demat account?
The Laser Power & Infra Ltd will be credited to the account on allotment date which is 14th July 2026. Login to your account now
Where can I find the Laser Power & Infra Ltd IPO prospectus?
The prospectus of Laser Power & Infra Ltd IPO prospectus can be find on the website of SEBI, NSE and BSE
