Laser Power and Infra files papers to raise ₹1,200 crore via IPO

The company is targeting a valuation of ₹5,500-6,500 crore, PTI reported citing people familiar with the matter.

The proposed IPO is a combination of a fresh issue of equity shares worth ₹800 crore and an offer for sale (OFS) of ₹400 crore by promoters, according to the draft red herring prospectus (DRHP) filed on Saturday.

Deepak Goel, Rakhi Goel, and Devesh Goel will offer offload shares aggregating up to ₹225 crore, ₹50 crore and ₹125 crore respectively as part of the OFS.

Laser Power plans to use the fresh issue proceeds to repay loans of up to ₹600 crore, and a portion would be earmarked for general corporate purposes.

The company may consider a Pre-IPO Placement of equity shares aggregating up to ₹160 crore. If such placement is completed, the amount raised will be reduced from the fresh issue accordingly.

About Laser Power

Laser Power is an integrated manufacturer of power cables, conductors and specialised products and components to the power transmission and distribution industry.

Incorporated in 1988, Laser Power operates in two segments -- manufacturing and EPC. Its clients include Indian Railways, several distribution companies such as TP Central, TP Western, TP Northern, and TP Southern Odisha Distribution Ltd, and private EPC firms like Montecarlo Ltd and KRYFS Power Components Ltd.

As of March 31, 2025, the company runs three manufacturing units in West Bengal with a total installed capacity of 73,100 MT. Its two units are in Dhulagarh, and the third is in Kharagpur.

On listing, Laser Power will join established peers in the sector, such as Polycab India, KEI Industries, APAR Industries, R R Kabel, Finolex Cables, and Universal Cables, which have drawn strong investor attention amid India's infrastructure and manufacturing push.

IIFL Capital Services and ICICI Securities have been appointed as book-running lead managers (BRLMs) to the offer.