Laser Power and Infra IPO GMP today is Rs 35. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
LASERPOWER
Laser Power and Infra
Laser Power & Infra Limited operates in the power transmission and distribution sector through two integrated businesses: manufacturing and EPC (engineering, procurement and construction). It manufactures power cables and conductors and executes power infrastructure projects, including construction, installation, testing and commissioning. The company earns revenue from product sales and EPC contracts. It operates three manufacturing units in West Bengal with in-house testing and R&D facilities, supplies both third-party customers and its EPC division, and also serves select international markets.
IPO Details
Complete IPO information
| Current GMP | ₹35 |
|---|---|
| Estimated Listing Gain | +16.36% |
| Price Band | ₹203.00 - ₹214.00 |
| Issue Price | ₹214.00 |
| Listing Price | TBA |
| Lot Size | 70 Shares |
| Issue Type | Mainboard |
| Issue Size | Approx ₹742 Cr |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 38.94x |
| Listing Date | 16 Jul 2026 |
| Minimum Investment | ₹14,980 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
09 Jul 2026
02
Bidding Closes
13 Jul 2026
03
Allotment
14 Jul 2026
04
Listing
16 Jul 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 13 Jul 2026 | ₹35.00 | +₹11.00 | 16.36% |
| 10 Jul 2026 | ₹24.00 | - | 11.21% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 70 | ₹14,980 |
| Retail Maximum | 13 Lot | 910 | ₹1,94,740 |
| S-HNI Minimum | 14 Lot | 980 | ₹2,09,720 |
| S-HNI Maximum | 66 Lot | 4,620 | ₹9,88,680 |
| B-HNI Minimum | 67 Lot | 4,690 | ₹10,03,660 |
Issue Notes
Important takeaways before applying
Strengths
- Integrated business model spanning power cable and conductor manufacturing along with EPC execution.
- Supplies specialised conductors through a manufacturing partnership with TS Conductor Corp, USA.
- Operates three manufacturing units with in-house production capabilities in West Bengal.
- Serves both product manufacturing and power transmission EPC businesses, providing multiple revenue streams.
- Long operating history dating back to 1988 in the power infrastructure sector.
Risks
- The business depends significantly on the timely execution of EPC projects, and delays or cost overruns could affect profitability.
- Operations require a continuous supply of key raw materials, and disruptions or price increases may impact margins.
- The company operates in a highly competitive power cables, conductors and EPC industry.
- A large portion of the IPO proceeds will be used to repay borrowings, reflecting a significant debt position.
- The business is exposed to risks from changes in government policies, infrastructure spending and the overall economic environment.
Analysis
Laser Power & Infra IPO Details
Laser Power & Infra Limited is launching its Initial Public Offering (IPO) through the book-building route. The public issue consists of a combination of a fresh issue of equity shares and an Offer for Sale (OFS), enabling the company to raise fresh capital while also providing an exit opportunity for existing shareholders.
The equity shares of Laser Power & Infra Limited are proposed to be listed on both the BSE and NSE. Eligible investors can apply for the IPO during the subscription period within the announced price band through the ASBA facility or UPI-supported applications offered by registered brokers and banks.
| Particular | Details |
|---|---|
| Laser Power & Infra IPO Open Date | July 9, 2026 |
| Laser Power & Infra IPO Close Date | July 13, 2026 |
| Face Value | ₹5 Per Equity Share |
| IPO Price Band | ₹203 to ₹214 Per Share |
| Issue Size | Approx ₹742 Crores, 3,46,72,896 Equity Shares |
| Fresh Issue | Approx ₹542 Crores, 2,53,27,102 Equity Shares |
| Offer for Sale (OFS) | Approx ₹200 Crores, 93,45,794 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
Analysis
Laser Power & Infra IPO Reservation
Laser Power & Infra Limited has allocated its IPO shares among different investor categories in accordance with SEBI guidelines applicable to book-building public issues. The reservation structure is intended to ensure balanced participation from institutional investors, high-net-worth individuals, and retail investors.
While the exact number of shares reserved for each category will be announced later, the percentage allocation for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs) has been specified in the offer document.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Analysis
Laser Power & Infra IPO Anchor Investors
Laser Power & Infra Limited has reserved a portion of its IPO for Anchor Investors under the book-building process. Anchor investors generally include Qualified Institutional Buyers (QIBs) such as mutual funds, insurance companies, banks, financial institutions, and foreign portfolio investors who subscribe to the issue before it opens for public bidding.
Participation by anchor investors is often viewed as an indicator of institutional interest in the IPO. As per SEBI regulations, shares allotted to anchor investors are subject to mandatory lock-in periods before they can be traded in the secondary market.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 8, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Note: The final anchor investor allocation, anchor issue size, and investor list will be disclosed after the completion of the anchor book allocation process. The allotted shares will remain subject to the applicable SEBI-prescribed lock-in requirements.
Analysis
Laser Power & Infra IPO Dates
The Laser Power & Infra IPO will open for subscription on July 9, 2026 and close on July 13, 2026. During this subscription period, eligible investors can apply for the IPO through the ASBA facility or UPI-supported applications available via registered brokers and banks.
The basis of allotment is expected to be finalized on July 14, 2026. Refunds for unsuccessful applicants and the credit of equity shares to successful investors' demat accounts are scheduled for July 15, 2026. The shares of Laser Power & Infra Limited are proposed to be listed on the BSE and NSE on July 16, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 9, 2026 |
| IPO Close Date | July 13, 2026 |
| Basis of Allotment | July 14, 2026 |
| Refunds Initiation | July 15, 2026 |
| Credit to Demat Account | July 15, 2026 |
| IPO Listing Date | July 16, 2026 |
Analysis
Laser Power & Infra IPO Promoters and Holding Pattern
The promoters of Laser Power & Infra Limited are Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. The promoter group has played a key role in the company's growth by providing strategic direction, operational leadership, and long-term business development.
Prior to the IPO, the promoters collectively hold the entire equity stake in the company. Following the completion of the public issue, their shareholding will reduce due to the issuance of new equity shares, while they are expected to continue retaining a controlling stake in Laser Power & Infra Limited.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 11,50,41,240 | 100% |
| Promoter Holding Post Issue | 14,03,68,342 | 75.29% |
Note: The post-issue promoter shareholding represents the ownership position after the allotment of shares under the IPO. The promoter group is expected to continue holding a majority stake in the company after the public issue.
Analysis
Laser Power & Infra IPO Objects of the Issue & Utilisation of Proceeds
Laser Power & Infra Limited intends to utilize the net proceeds from the fresh issue primarily to strengthen its financial position by reducing existing debt obligations. Lower borrowings can help improve the company's balance sheet, reduce interest expenses, and enhance financial flexibility for future business growth.
Apart from debt repayment, a portion of the proceeds will also be used for general corporate purposes, enabling the company to support routine business operations and other strategic corporate requirements as permitted under applicable regulations.
| Purpose | 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 Crores |
| General Corporate Purpose | ₹- |
Note: The utilization of IPO proceeds is based on the company's offer documents. The final deployment of funds will be carried out in accordance with the stated objectives and applicable regulatory guidelines.
Analysis
Laser Power & Infra - About IPO
Laser Power & Infra Ltd. is one of India’s leading manufacturers of power cables, conductors, and other specialised products and components of the power transmission and distribution industry. The firm expanded its business by entering the Engineering, Procurement, and Construction (EPC) segment in the Power distribution sector, Rural electrification projects, and Power distribution infrastructure development, and installation of substations.
Its business consists of the manufacturing of power and control cables, speciality products, and conductors, and EPC of turnkey solutions. The firm operates across 26 states and four union territories in India, including West Bengal, Bihar, Jharkhand, Odisha, Assam, and Madhya Pradesh, and 10 countries.
Analysis
Laser Power & Infra IPO Company Financial Report
Laser Power & Infra Limited has demonstrated strong financial growth over the past four financial years. The company has reported a significant increase in profitability, supported by a growing asset base and consistent business operations. While revenue moderated slightly in FY2026 compared to FY2025, the company recorded a substantial improvement in net profit, reflecting better operational efficiency and margin expansion.
The following financial highlights provide an overview of the company's reported revenue, expenses, profit after tax (PAT), and total assets for the respective financial years.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹1,324.85 | ₹1,290.17 | ₹23.19 | ₹1,361.49 |
| 2024 | ₹1,763.65 | ₹1,709.60 | ₹40.41 | ₹1,986.99 |
| 2025 | ₹2,592.53 | ₹2,454.39 | ₹106.75 | ₹2,270.17 |
| 2026 | ₹2,347.89 | ₹2,187.03 | ₹151.59 | ₹2,632.36 |
Amount in ₹ Crores: The above financial information is based on the reported financial statements of Laser Power & Infra Limited and is intended to provide investors with an overview of the company's financial performance prior to the IPO.
Analysis
Laser Power & Infra IPO Valuation – FY2026
Investors generally assess an IPO by reviewing key valuation and financial performance indicators such as Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, Profit After Tax (PAT) Margin, Earnings Per Share (EPS), Return on Net Worth (RoNW), Net Asset Value (NAV), and the Debt-to-Equity Ratio. These metrics help evaluate the company's profitability, capital efficiency, leverage, and overall financial strength before making an investment decision.
Based on the FY2026 financial statements, Laser Power & Infra Limited has reported healthy profitability and improved returns on capital while maintaining a strong asset base. The valuation metrics below provide a snapshot of the company's financial position ahead of its public issue.
| KPI | Values |
|---|---|
| ROE | 23.32% |
| ROCE | 17.83% |
| EBITDA Margin | 12.96% |
| PAT Margin | 6.46% |
| Debt to Equity Ratio | 1.10 |
| Earning Per Share (EPS) | ₹13.18 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 20.90% |
| Net Asset Value (NAV) | ₹63.06 |
Note: The above valuation metrics are based on the FY2026 financial statements of Laser Power & Infra Limited. Investors should also evaluate the company's business model, industry outlook, risk factors, peer comparison, and IPO pricing before making an investment decision.
Analysis
Laser Power & Infra IPO Peer Group Comparison
Comparing Laser Power & Infra Limited with established listed companies in the cables, power equipment, and electrical infrastructure sector helps investors evaluate its financial strength and valuation. Metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and total income provide a useful benchmark for assessing the company's relative performance.
The following table presents the financial metrics of selected industry peers. Investors should use this comparison alongside the company's valuation, business fundamentals, growth prospects, and risk factors before making an investment decision.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Apar Industries Limited | 243.21 | 67.05 | 18.11% | 1,342.70 | 22,902.12 Cr. |
| Polycab India Limited | 177.53 | 56.98 | 22.25% | 797.79 | 28,883.79 Cr. |
| KEI Industries Limited | 96.09 | 58.64 | 13.78% | 697.17 | 11,747.77 Cr. |
| Dynamic Cables Limited | 17.42 | 21.05 | 18.47% | 94.36 | 1,197.82 Cr. |
| Universal Cables Limited | 47.01 | 27.09 | 8.63% | 545.03 | 3,022.67 Cr. |
Note: The peer group comparison is provided for informational purposes only. Investors should evaluate these financial metrics together with Laser Power & Infra Limited's business model, financial performance, IPO valuation, and future growth prospects before investing.
Analysis
IPO Lead Managers aka Merchant Bankers
- IIFL Capital Services Ltd.
- ICICI Securities Ltd.
FAQ
Laser Power and Infra IPO FAQs
Laser Power and Infra IPO price band is Rs 203.00 to Rs 214.00. Check the latest issue price, lot size and GMP together before applying.
Laser Power and Infra IPO open date is 09 Jul 2026, close date is 13 Jul 2026, and listing date is 16 Jul 2026.
Laser Power and Infra IPO lot size is 70 shares. The minimum retail investment is Rs 14,980.
Laser Power and Infra is classified as a Mainboard. This helps investors quickly understand the issue category and exchange segment.
Laser Power and Infra IPO subscription status currently shows Retail 6.59x, QIB 92.25x, Overall 38.94x.
Laser Power & Infra Limited operates in the power transmission and distribution sector through two integrated businesses: manufacturing and EPC (engineering, procurement and construction). It manufactures power cables and conductors and executes power infrastructure projects, including construction, installation, testing and commissioning. The company earns revenue from product sales and EPC contracts. It operates three manufacturing units in West Bengal with in-house testing and R&D facilities, supplies both third-party customers and its EPC division, and also serves select international markets.
Laser Power and Infra IPO issue size is 742 and the expected allotment date is 14 Jul 2026.