Laser Power & Infra IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 97.25x |
| NII | 45.69x |
| sNII (₹2L–₹10L) | 36.43x |
| bNII (above ₹10L) | 50.32x |
| Retail (RII) | 6.95x |
| Total | 41.05x |
Bidding day 5 · final figures at close of bidding: 16 Jul 2026, 6:30 pm IST
IPO Details
- Open Date
- 9 Jul 2026
- Close Date
- 13 Jul 2026
- Listing Date
- 16 Jul 2026
- Face Value
- ₹5
- Fresh Issue
- ₹542 Cr
- OFS
- ₹200 Cr
- Listing On
- NSE, BSE
- Registrar
- —
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,980 |
| Retail (Max) | 14 | 980 | ₹2,09,720 |
| B-HNI (Min) | 67 | 4,690 | ₹10,03,660 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 1,04,01,867 | 30% |
| QIB (ex-anchor) | 69,34,579 | 20% |
| NII | 52,00,935 | 15% |
| — sNII (< ₹10L) | 17,33,645 | 5% |
| — bNII (> ₹10L) | 34,67,290 | 10% |
| Retail | 1,21,35,514 | 35% |
| Total | 3,46,72,895 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 1,763.65 | 40.41 | 156.1 | 473.44 | 1,986.99 | 393.75 | — |
| FY 2025 | 2,592.53 | 106.75 | 250.39 | 574.58 | 2,270.17 | 502.95 | — |
| FY 2026 | 2,347.89 | 151.59 | 301.44 | 725.41 | 2,632.36 | 828.23 | 13.18 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 16.24x
- P/E (post-issue)
- 19.82x
- RoNW
- 20.9%
- RoE
- 23.32%
- RoCE
- 17.83%
- Debt / Equity
- 1.1
- EPS (pre-issue)
- ₹13.18
- EPS (post-issue)
- ₹10.8
- EBITDA Margin
- 12.96%
- PAT Margin
- 6.46%
- P/BV
- 3.39x
- NAV / share
- ₹63.06
- Market Cap
- ₹3,003.88 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company | ₹490 Cr |
| General Corporate Purposes | ₹21.15 Cr |
| Issue Expenses | ₹42.24 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | ₹24.08 Cr |
| Commission and processing fees for SCSBs, Bankers to the Offer and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹1.76 Cr |
| Fees payable to the Registrar to the Offer | ₹0.17 Cr |
| Listing fees, SEBI and Stock Exchange filing fees, book building software fees, NSDL and CDSL fee and other regulatory expenses | ₹4.55 Cr |
| Printing and stationery expenses | ₹0.66 Cr |
| Fees payable to the Statutory Auditor, industry service provider, independent chartered engineer and practicing company secretary | ₹1.08 Cr |
| Advertising and marketing expenses for the Offer | ₹3.7 Cr |
| Fees payable to the legal counsels to the Offer | ₹4.14 Cr |
| Miscellaneous | ₹2.11 Cr |
Promoters & Shareholding
Promoters: Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel
- Holding (pre-issue)
- 100%
- Holding (post-issue)
- 75.29%
- Dilution
- 24.71%
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| NIPPON INDIA SMALL CAP FUND | Other | 15,42,030 | ₹214 | 33 | 14.82% |
| NIPPON INDIA POWER & INFRA FUND | Other | 10,28,020 | ₹214 | 22 | 9.88% |
| HDFC MANUFACTURING FUND | Other | 9,34,570 | ₹214 | 20 | 8.98% |
| BANDHAN SMALL CAP FUND | Other | 7,94,360 | ₹214 | 17 | 7.64% |
| KOTAK MANUFACTURE IN INDIA FUND | Other | 7,00,910 | ₹214 | 15 | 6.74% |
| MIRAE ASSET SMALL CAP FUND | Other | 5,60,700 | ₹214 | 12 | 5.39% |
| SOCIETE GENERALE-ODI | Other | 4,67,320 | ₹214 | 10 | 4.49% |
| BUOYANT OPPORTUNITIES STRATEGY-III | Other | 4,67,320 | ₹214 | 10 | 4.49% |
| 3P INDIA EQUITY FUND I M | Other | 4,67,320 | ₹214 | 10 | 4.49% |
| EDELWEISS RECENTLY LISTED IPO FUND | Other | 4,67,320 | ₹214 | 10 | 4.49% |
| MOTILAL OSWAL INNOVATION OPPORTUNITIES FUND | Other | 3,97,180 | ₹214 | 8.5 | 3.82% |
| MOTILAL OSWAL LARGE CAP FUND | Other | 3,97,180 | ₹214 | 8.5 | 3.82% |
| BANK OF INDIA MID CAP FUND | Bank | 3,73,800 | ₹214 | 8 | 3.59% |
| KOTAK MAHINDRA LIFE INSURANCE CO.LTD. | Insurance | 3,73,800 | ₹214 | 8 | 3.59% |
| SAGEONE-FLAGSHIP GROWTH OE FUND | Other | 3,55,327 | ₹214 | 7.6 | 3.42% |
| EDELWEISS LIFE INSURANCE CO.LTD. | Insurance | 3,27,040 | ₹214 | 7 | 3.14% |
| SANSHI FUND-I | Other | 2,80,350 | ₹214 | 6 | 2.7% |
| KOTAK ENERGY OPPORTUNITIES FUND | Other | 2,33,660 | ₹214 | 5 | 2.25% |
| MIRAE ASSET INFRASTRUCTURE FUND | Other | 2,33,660 | ₹214 | 5 | 2.25% |
Anchor bidding took place on 8 Jul 2026. Anchor lock-in: 50% of shares unlock on 13 Aug 2026, the remainder on 12 Oct 2026.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| Laser Power & Infra | 13.18 | 63.06 | — | 20.9% | Consolidated |
| Apar Industries | 243.21 | 1,342.7 | 67.05x | 18.11% | Consolidated |
| Dynamic Cables | 17.42 | 94.36 | 21.05x | 18.47% | Consolidated |
| KEI Industries | 96.09 | 697.17 | 58.64x | 13.78% | Consolidated |
| Polycab India | 177.53 | 797.79 | 56.98x | 22.25% | Consolidated |
| Universal Cables | 47.01 | 545.03 | 27.09x | 8.63% | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Broker Recommendations
| Reviewer | Verdict |
|---|---|
| Capital Market | May Apply |
Third-party analyst views on the Laser Power & Infra IPO, aggregated for reference. ipostation does not rate IPOs — nothing here is investment advice.
Listing Performance
About the Laser Power & Infra IPO
The Laser Power & Infra mainboard IPO runs from 9 Jul 2026 to 13 Jul 2026, offered at a price band of ₹203–214 per share, and is set to list on NSE and BSE. The company is looking to raise ₹742 crore through the offer. Retail investors bid in lots of 70 shares, a minimum application of ₹14,980.
Issue structure
The offer combines a fresh issue of ₹542 crore with an offer for sale (OFS) of ₹200 crore by existing shareholders. Money raised through the fresh issue goes to the company for its stated objects, while OFS proceeds go to the selling shareholders rather than the business.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company (₹490 crore), alongside issue expenses (₹42.24 crore). In all, 3 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Laser Power & Infra reported revenue of ₹2,347.89 crore and a net profit of ₹151.59 crore. Revenue grew from ₹1,763.65 crore in FY2024 to ₹2,347.89 crore in FY2026 (+33.0%). Net worth stood at ₹725.41 crore at the end of FY2026. At the upper band, that puts the issue at roughly 16.2× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 19.82× post-issue earnings and 3.39× book value, against a return on net worth of 20.9% and a debt-to-equity ratio of 1.1. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Apar Industries and Dynamic Cables, with a median peer P/E of about 57×. The issue's own post-issue P/E works out to 19.82×.
Promoters
The promoters of the company are Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel. Promoter holding stands at 100% before the issue and comes down to 75.29% after listing.
Grey market premium (GMP)
In the unofficial grey market, Laser Power & Infra shares are quoted at a premium of ₹40 implying an expected listing around ₹254, about +18.7% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Laser Power & Infra IPO was subscribed 41.05 times overall. The strongest demand came from qualified institutional buyers (QIB) at 97.25 times, with non-institutional investors (NII) at 45.69× and retail investors at 6.95×.
Listing performance
Laser Power & Infra listed on 16 Jul 2026 at ₹269, a premium of +25.7% over the issue price of ₹214.
What to weigh
When evaluating the Laser Power & Infra IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Laser Power & Infra
Laser Power & Infra Ltd. is engaged in the manufacturing of power cables, conductors, and specialized electrical products that serve India's power transmission and distribution sector. The company offers integrated solutions to support the country's growing power infrastructure requirements. In addition to its manufacturing operations, the company has expanded into the engineering, procurement, and construction (EPC) segment. Its EPC business focuses on rural electrification, power distribution network development, substation installation, and the execution of turnkey infrastructure projects. As of March 31, 2025, Laser Power & Infra Ltd. operated three manufacturing facilities in West Bengal with a combined installed production capacity of 73,100 MT. Business Segments Manufacturing Engineering, Procurement & Construction (EPC) Product Portfolio Power and control cables Specialty electrical products Conductors As of August 31, 2025, the company employed 660 permanent personnel across its operations. Key Competitive Strengths Among the fastest-growing manufacturers of power cables and conductors, supported by strong revenue growth. Well-established manufacturing infrastructure with strategically located production facilities. Proven EPC execution capabilities, backed by experience in delivering complex turnkey power infrastructure projects and strong backward integration. Long-standing relationships with a diversified base of reputed customers. Strategic collaborations with international partners that strengthen technological capabilities and market competitiveness.
Laser Power & Infra — Contact Details
- Registered office
- 4A,, Pollock Street,, 3rd Floor,, Kolkata, West Bengal, 700001
- Phone
- +91 33 4822 9195
- Website
- www.laserpowerinfra.com/
- Registrar (IPO queries)
- laserpower.ipo@in.mpms.mufg.com
Frequently asked questions
- What is the Laser Power & Infra IPO price band?
- The Laser Power & Infra IPO price band is ₹203 to ₹214 per share, with a lot size of 70 shares.
- What was the Laser Power & Infra IPO GMP before listing?
- The final grey market premium recorded before the Laser Power & Infra IPO listed was ₹40. The IPO listed on 16 Jul 2026 at ₹269, +25.7% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Laser Power & Infra IPO open and close?
- The Laser Power & Infra IPO opens on 9 Jul 2026 and closes on 13 Jul 2026.
- When is the Laser Power & Infra IPO allotment and listing date?
- Allotment is expected on 14 Jul 2026. The shares are scheduled to list on 16 Jul 2026 on NSE and BSE.
- How many times was the Laser Power & Infra IPO subscribed?
- The Laser Power & Infra IPO was subscribed 41.05 times in total across all investor categories.
- What is the reservation split in the Laser Power & Infra IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Laser Power & Infra and what is their holding?
- The promoters are Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel. Promoter holding is 100% before the issue and 75.29% after listing.
- What is the P/E ratio of the Laser Power & Infra IPO?
- At the upper price band, the Laser Power & Infra IPO is valued at 16.24× pre-issue earnings and 19.82× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Laser Power & Infra IPO?
- The net proceeds go primarily toward pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company, among 3 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Laser Power & Infra IPO?
- The book-running lead managers are ICICI Securities Ltd., IIFL Capital Services Ltd..
- Is Laser Power & Infra a Mainboard or SME IPO?
- Laser Power & Infra is a Mainboard IPO, listing on NSE and BSE.