Ahead of the issue launch, the company raised ₹222.6 crore from anchor investors on July 8.
The company allotted 1.04 crore equity shares to 15 anchor investors at the upper end of the price band. Participants in the anchor book included Societe Generale, HDFC Mutual Fund, Kotak Mahindra Life Insurance, Motilal Oswal Asset Management Company, Bandhan Mutual Fund and Edelweiss, among others.
Should you apply?
Swastika Investmart has recommended subscribing to the IPO from a medium- to long-term perspective, citing attractive valuations, a healthy order book and the company’s improving balance sheet.
The brokerage said that nearly 90% of the fresh issue proceeds will be used to repay debt, which is expected to improve profitability. It also highlighted that despite a decline in revenue during FY26, the company reported a 42% jump in net profit, supported by stronger EBITDA margins.
Additionally, its ₹3,243-crore order book provides revenue visibility for the next 12 to 18 months, according to the brokerage.
Master Capital has also assigned a positive view on the issue, describing Laser Power as one of the leading manufacturers of power cables and conductors in eastern India.
It added that the company’s licensed stranding partnership with US-based TS Conductor Corp enables it to manufacture advanced high-capacity transmission conductors domestically, strengthening its competitive position.
Price band, lot size and GMP
The IPO has been priced in the range of ₹203 to ₹214 per share. Investors can bid for a minimum of 70 shares and in multiples thereof.
The grey market premium (GMP) has moderated ahead of the issue opening. According to Investorgain, the GMP has declined from ₹28 on July 6, implying a listing premium of around 13%, to ₹19 on July 8, indicating a potential listing gain of about 9%.
However, investors should note that GMP is an unofficial market indicator and can change significantly before listing.
Issue structure and key dates
The IPO comprises a fresh issue of ₹542 crore and an offer for sale (OFS) of ₹200 crore by existing shareholders.
The issue will remain open until July 13.
The IPO size is lower than the ₹1,200 crore proposed in the draft red herring prospectus (DRHP) filed in September 2025. The Securities and Exchange Board of India (SEBI) approved the company’s IPO papers in February 2026.
At the upper end of the price band, Laser Power & Infra is expected to command a post-listing market capitalisation of nearly ₹3,004 crore.
Half of the issue has been reserved for qualified institutional buyers (QIBs), while 15% is allocated to non-institutional investors (NIIs) and the remaining 35% to retail investors.
The basis of allotment is expected to be finalised on July 14, while the company’s shares are scheduled to list on the BSE and NSE on July 16.
Use of proceeds
The company plans to utilise ₹490 crore from the fresh issue to repay outstanding borrowings, with the remaining funds earmarked for general corporate purposes.
As of June 17, 2026, Laser Power & Infra had outstanding debt of ₹935.6 crore.
About the company
Laser Power & Infra manufactures power cables, conductors and transmission products through three manufacturing facilities in West Bengal, with a combined installed capacity of 85,448 metric tonnes.
Apart from manufacturing, the company also undertakes engineering, procurement and construction (EPC) projects focused on rural electrification, power distribution infrastructure and substation installation.
Manufacturing contributed 73% of FY26 revenue, while the EPC business accounted for the remaining 27%.
For FY26, the company reported a 42% increase in net profit to ₹151.6 crore, even as revenue declined 9.5% year-on-year to ₹2,326 crore.
IIFL Capital Services and ICICI Securities are the book-running lead managers to the issue.
