Laser Power & Infra IPO: Check IPO Date, Live Subscription and Key Details
Laser Power & Infra Limited, incorporated in 1988, is an integrated manufacturer of power cables, conductors, and specialized structural components servicing the power transmission and distribution industry in India. The enterprise commands a dominant operational infrastructure presence as the largest wire, cable, and conductor manufacturer and exporter in Eastern India. Strategically scaling via an integrated value chain, the company operates an engineering, procurement, and construction (EPC) division that implements high-volume urban and rural electrification, power grid infrastructure layouts, and substation setups. Operating three specialized production units across West Bengal with an aggregate processing capacity of 85,448 MT, the company works with marquee state utilities and major infrastructure partners globally.
Price Range
₹203.0 - ₹214.0
Issue Size
₹742 Cr
Lot Size
70 shares
IPO Type
Mainboard
GMP
₹39(+18.22%)
Est. Listing Price
₹253
Estimate Profit
₹2,730
Retail Portion
35.00%
Key Metrics
Check Live GMPGMPFace Value
₹5
EPS
10.8
P/E Ratio
19.82
RoNW
20.9%
ROE
23.32%
Debt to Equity
1.1
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Timeline
IPO Opens
9 Jul
IPO Closes
13 Jul
Allotment
14 Jul
Listing
16 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 9 July 2026 | Subscription starts |
| IPO Close Date | 13 July 2026 | Subscription ends |
| Allotment Date | 14 July 2026 | Allotment |
| Listing Date | 16 July 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,980 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,740 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,720 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,88,680 |
BHNIAbove ₹10,00,000 | 67 | ₹10,03,660 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Total | 100.00% |
IPO Objectives
- Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company (₹490.00 Cr).
- General Corporate Purposes.
Strengths
- The company commands a Formidable Regional Dominance, claiming a market-leading manufacturing and export footprint for power cables and stranded conductors across Eastern India.
- It leverages a Deep Phygital Integration, combining extensive raw metallurgical processing and wire extrusion workflows with full-scale turnkey urban and rural power grid EPC delivery frameworks.
- The business is backed by a Substantial Visible Order Book, giving exceptional macro visibility with a strong outstanding multi-state order book standing at ₹3,243.40 Crores as of early 2026.
- It follows a De-leveraging Capital Trajectory, directing over 68% of fresh public capital proceeds directly into asset-strengthening, deploying a clean ₹320.00 Crore block to partially fund its upcoming Borisana industrial manufacturing facility.
- The firm demonstrates a Robust Profit Compounding Profile, with its profit after tax (PAT) expanding rapidly by 42% year-on-year, climbing firmly to ₹151.59 Cr in FY26 due to backward integration advantages.
Weaknesses
- The business carries a High Balance Sheet Debt Exposure, operating an asset-heavy corporate configuration that holds total restated borrowings of ₹828.23 Crores against a net worth of ₹725.41 Cr, keeping pre-issue leverage high at a debt-to-equity layer of 1.10.
- The company shows a Near-Term Top-line Softening, with total consolidated operating income experiencing a localized 9% correction, slipping down from ₹2,592.53 Cr in FY25 to ₹2,347.89 Cr in FY26.
- The operations handle a Razor-Thin Pricing Spread Vulnerability, running thin margin matrices with a net PAT margin of only 6.46%, leaving profits deeply sensitive to underlying base commodity fluctuations like copper and aluminium.
- The offering faces a Conservative Secondary Market Attention, with initial gray market unlisted trading reflecting cautious immediate participant sentiment, tracking at an early premium quote of ₹15 per share (~7.01%).
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Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 2,632.36 | 2,270.17 | 1,986.99 |
| Revenue (₹ Cr.) | 2,347.89 | 2,592.53 | 1,763.65 |
| PAT (₹ Cr.) | 151.59 | 106.75 | 40.41 |
| Net Worth (₹ Cr.) | 725.41 | 574.58 | 473.44 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Laser Power & Infra Ltd. | 3.39 | 19.82 | 23.32% | 725.41 |
| Universal Cables | 1.99 | 23.02 | 8.63% | 510.03 |
| Dynamic Cables | 3.72 | 20.16 | 18.47% | 0 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.68x | 97.25x |
| NII | 0.2x | 2.03x | 45.69x |
| S-HNI | 0.34x | 2.49x | 36.43x |
| B-HNI | 0.13x | 1.8x | 50.32x |
| RII | 0.26x | 0.85x | 6.95x |
| Total | 0.17x | 1.05x | 41.05x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 69,34,582 | 67,43,66,280 | 14,431.44 |
| NII | 52,00,935 | 23,76,39,710 | 5,085.49 |
| Small NII | 17,33,645 | 6,31,48,820 | 1,351.38 |
| Big NII | 34,67,290 | 17,44,90,890 | 3,734.11 |
| RII | 1,21,35,514 | 8,42,81,750 | 1,803.63 |
| Total | 2,42,71,031 | 99,62,87,740 | 21,320.56 |
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Company Details
- Laser Power & Infra Ltd.
- 4A, Pollock Street, 3rd Floor, Kolkata, West Bengal, 700001
- +91 33 4822 9195
- investor.grievance@laserpowerinfra.com
- https://laserpowerinfra.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- 022-49186000
- laserpower.ipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/
Frequently Asked Questions
What does Laser Power & Infra do?
Laser Power & Infra manufactures power cables, control cables, overhead conductors, and wire rods. The company also undertakes power transmission, distribution, and EPC infrastructure projects.
What are the IPO dates for Laser Power & Infra IPO?
The Laser Power & Infra IPO opened for subscription on July 9, 2026, and will close on July 13, 2026.
What is the price band and minimum investment for Laser Power & Infra IPO?
The IPO price band is fixed at ₹203 to ₹214 per share. Retail investors need to apply for a minimum of 1 lot (70 shares), requiring an investment of ₹14,980 at the upper price band.
What is the Grey Market Premium (GMP) of Laser Power & Infra IPO today?
As of July 8, 2026, the Grey Market Premium (GMP) of Laser Power & Infra IPO is around ₹15 per share, indicating an estimated listing price of about ₹229.
Where will Laser Power & Infra IPO be listed?
Laser Power & Infra IPO is proposed to be listed on both BSE and NSE, with the tentative listing date set for July 16, 2026.
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