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Laser Power & Infra IPO
38.73xsubscribed

Laser Power & Infra IPO

Cable
listed
₹14,210Min. investment

Laser Power & Infra Limited IPO Details

SectorCable
Price range₹203 – ₹214
IPO type
Regular
Lot size70 shares
Issue size₹742Cr
Red Herring Prospectus
Read
Market cap
₹3,003.88CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹2,326.1CrHigher than sector avg
Growth rate3Y CAGR
15.37%Higher than sector avg

Laser Power & Infra IPO Subscription Status

Date
QIB
NII
Retail
Total
09-Jul-26
0.0 times (X)
0.19 times (X)
0.24 times (X)
0.16 times (X)
10-Jul-26
0.65X
1.91X
0.8X
1.0X
13-Jul-26
54.04X
42.52X
6.28X
38.73X

As on 09-Jul-26, 5:30 PM

Laser Power & Infra IPO Timeline

  1. Pre-apply
    8 Jul 2026
  2. Bid start
    9 Jul 2026
  3. Bid end
    13 Jul 2026
  4. Allotment
    14 Jul 2026
  5. Release of funds
    15 Jul 2026
  6. Demat transfer
    15 Jul 2026
  7. Listing
    16 Jul 2026

About Laser Power & Infra Limited

Laser Power & Infra Limited (LPIL) is an integrated manufacturer of power cables, conductors and other specialised products which are used in the power transmission and distribution sector in India. The company has been operating for more than 30 years. In 2015, it expanded its business by entering the Engineering, Procurement and Construction (EPC) segment, where it undertakes projects related to rural electrification, power distribution infrastructure and substation installation. LPIL is one of the leading manufacturers in East India based on installed manufacturing capacity, as per the CRISIL Report. As of FY26, the company had a total manufacturing capacity of 85,448 MT for power cables and conductors. It is also a registered supplier to Indian Railways and is approved by the Research Designs and Standards Organisation (RDSO).
LPIL operates 3 manufacturing facilities, all located in West Bengal. These facilities have a combined installed capacity of 85,448 MT as of March 31, 2026 and spread across a total area of 40.39 acres. Manufacturing Unit I is located at Dhulagarh on 6.26 acres of land, part of which is owned by the company. This unit manufactures high-tension (HT) power cables, RDSO-approved railway signalling cables, quad cables and conductors. Manufacturing Unit II is also located at Dhulagarh on 8.84 acres and manufactures aluminium wire rods and HT covered conductors. Manufacturing Unit III is situated at Kharagpur on 25.29 acres and produces low-tension (LT) aerial bunched cables, LT power cables and ACSR conductors.
The company operates through two business segments: Manufacturing and EPC. The Manufacturing business includes power cables, control cables, speciality products such as aluminium rods, alloy rods and PVC compounds, and a wide range of conductors including ACSR, AAC, AAAC, AL-59, ACSS, eco-conductors and MVCC conductors. The Manufacturing business remained the largest contributor, generating revenue of ₹1,691.04 crore and accounting for 72.70% of total revenue in FY26. The EPC business contributed ₹635.07 crore, representing 27.30% of total revenue.
The EPC business undertakes turnkey projects involving rural and urban electrification, HT and LT overhead power lines, substations up to 33/11 kV, aerial bunched cabling, underground cabling and last-mile power connectivity. As of March 31, 2026, the company had completed 43 EPC projects and was executing 34 ongoing projects. It had installed more than 85,191 circuit kilometres (ckm) of distribution lines and commissioned more than 113 substations. The company has also successfully completed one international EPC project in Togo.
LPIL is also a licensed stranding partner of TS Conductor Corp, a company based in the United States. It can manufacture advanced high-capacity conductors in India using TS Conductor's proprietary carbon-fibre composite core technology through this partnership. As of March 31, 2026, the company had an order book worth ₹3,243.40 crore, of which Manufacturing orders accounted for ₹1,668.89 crore, while EPC orders contributed ₹1,574.51 crore. 65.16% of the company's revenue was made up by government customers in FY26, while private sector customers contributed ₹810.41 crore, or 34.84% of revenue.
Major customers of the company include Indian Railways, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, TP Northern Odisha Distribution Limited, TP Southern Odisha Distribution Limited, Montecarlo Limited and KRYFS Power Components Limited. As of March 31, 2026, the company has presence across 26 states and 4 union territories in India, along with exports to 10 countries including Bhutan, Mauritius, Mozambique, Nepal, the United Arab Emirates (UAE) and Kuwait. East India continued to be the company's largest manufacturing market, contributing 53.93% of manufacturing revenue in FY26.
India's wires and cables industry is expected to grow at 11-13% CAGR to reach ₹2,35,000-2,55,000 crore by FY30 after growing at a 12.3% CAGR between FY20 to FY25, driven by rising demand for High Voltage (HV) and Extra-High Voltage (EHV) cables (above 33 KV), elastomeric cables, PVC control cables, building wires and switchboard cables, supported by transmission network expansion, rural electrification and recovery in construction activity after COVID-19. Power transmission cables remained the largest segment, accounting for 40-42% of the market in FY25. The conductors market reached ₹18,500 crore in FY25 after growing at a 12.6% CAGR since FY20 and is expected to grow at 5-6% CAGR to ₹23,000-25,000 crore by FY30. ACSR conductors held the largest share at 43-45%, followed by AL59 conductors at 32-34%. East India, especially West Bengal and Odisha, remains a key manufacturing hub with several RDSO-approved cable and conductor manufacturers.
The company is planning to expand its product portfolio by increasing its focus on higher-margin specialty products and advanced conductors such as HTLS and MVCC conductors. It also intends to strengthen its EPC business by expanding into water distribution and solar EPC projects. The company entered the solar EPC business in 2018 and the water distribution business in 2022. As of March 31, 2026, it had completed one project in each of these segments. In addition, the company also plans to expand its presence across both domestic and international markets to support future growth.
Now, Laser Power & Infra Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹542.00 crore and an Offer for sale of ₹200.00 crore only. The total issue size of the IPO is ₹742.00 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for Laser Power & Infra IPO?

You can pre-apply for the Laser Power & Infra IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ‘Discover’
  • On the Discover tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Laser Power & Infra IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Pre-Apply’
  • Accept the mandate on your UPI app

How to apply for Laser Power & Infra IPO?

If you are interested in this investment opportunity but unsure how to apply for Laser Power & Infra IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Laser Power & Infra IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, look for the ‘Laser Power & Infra IPO’ tab and click on it
  • Now fill in all the required information, like ‘bid price’ and ‘lot size’
  • Confirm and click on ‘Apply’
  • Accept the mandate on your UPI app

**How to check the Laser Power & Infra IPO allotment status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Here’s a step-by-step guide on how to check the Laser Power & Infra IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ‘Discover’
  • On the ‘Discover’ page, you will find the ‘Invest in IPO’ section
  • Under the Invest in IPO section, you will find the ‘View all’ option
  • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  • In the ‘IPO’ tab, click on ‘My applications’
  • In ‘My applications’, under the History section, your Laser Power & Infra IPO allotment status will be mentioned

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Dominant manufacturing scale in East India

A dominant player in the East Indian cable and conductors market with installed capacity increased by ~38% over two years to 85,448 MT, benefiting from a growing industry of 11-13% CAGR through FY30.

Backward-integration manufacturing hub

Backward-integration manufacturing plants in port proximity with in-house compounding and packaging reduce input costs and risks in addition to adhering to ISO and BIS quality requirements.

Proven EPC project execution track record

A proven track record of executing 43+ projects independently without using any subcontractors proves capabilities to execute highly complex turnkey projects under challenging logistics.

Diverse and robust order book

A robust order book, which grew more than twice its growth path over the past two years, reaching ₹3,243 crore, up by ~49%, diversified among manufacturing and EPC orders for government as well as private parties.

Strategic technology partnership with TS Conductor Corp

A licensed technology partnership with TS Conductor Corp helps unlock high-margin next-generation conductors.

Objectives of Laser Power And Infra Limited IPO

Repayment of borrowings
90.41%
The company will use ₹490.00 crore for repayment or prepayment of certain borrowings availed by it.
General Corporate Purposes
9.59%
Up to 25% of gross proceeds will be used for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹2,326.1Cr15.37%₹151.59Cr₹3,003.88Cr16.241.20
This sector (avg.)₹1,533.73Cr0.01%₹65.23Cr₹6,984.15Cr28.580.67
₹22,408.31Cr---₹2,045.54Cr₹1,05,586.2Cr40.310.15
₹9,735.88Cr---₹696.41Cr₹38,441.96Cr44.680.04
₹7,618.23Cr---₹311.61Cr₹15,536.69Cr38.490.13

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Laser Power & Infra IPO Contact Details

Company NameLaser Power & Infra Limited

How to apply for Laser Power & Infra IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Laser Power And Infra Limited IPO FAQs

Investors can apply for the Laser Power & Infra IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Laser Power & Infra IPO is 742 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Laser Power & Infra IPO will be open between 2026-07-09 and 2026-07-13.
Laser Power & Infra IPO allotment date is 2026-07-15. For Laser Power & Infra IPO allotment status check, you can visit the website of the registrar of the IPO.
For Laser Power & Infra IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Laser Power & Infra IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Laser Power & Infra IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Laser Power & Infra IPO lot size is 70 and minimum order quantity is 70.
Laser Power & Infra IPO has set the price band for its IPO at 214 per equity share with a face value of 5.