Laser Power & Infra IPO: Firm sets price band at ₹203-214/share; issue opens July 9

The three-day public issue will conclude on July 13, while the anchor investor portion will open on July 8, the company announced.

At the upper end of the price band, the Kolkata-headquartered company will be valued at around ₹3,000 crore.

The IPO comprises a fresh issue of equity shares worth ₹542 crore and an Offer for Sale (OFS) of shares aggregating ₹200 crore by promoters.

Under the OFS, Deepak Goel, Rakhi Goel and Devesh Goel will sell shares worth up to ₹112.5 crore, ₹25 crore and ₹62.5 crore, respectively.

The company proposes to utilise the net proceeds from the fresh issue primarily for pre-payment or repayment of certain outstanding borrowings amounting to ₹490 crore, while the remaining funds will be used for general corporate purposes.

Half of the net issue has been reserved for Qualified Institutional Buyers (QIBs), 15% for non-institutional investors (NIIs) and the remaining 35% for retail investors.

IIFL Capital Services and ICICI Securities are the book-running lead managers to the issue.

About the company

LPIL operates in two business segments—manufacturing and engineering, procurement and construction (EPC). It manufactures power cables, conductors, aluminium wire rods, aerial bunched cables and other products used in the power transmission and distribution sector.

The company is a licensed stranding partner of US-based TS Conductor, enabling it to manufacture advanced high-capacity transmission conductors in India.

LPIL has three manufacturing facilities in West Bengal—two at Dhulagarh and one at Kharagpur—with a combined installed capacity of 85,448 metric tonnes as of March 31, 2026.

Report card

For the financial year ended March 31, 2026, the company reported revenue from operations of ₹2,326 crore and a profit after tax of ₹151 crore.

Its order book stood at ₹3,243 crore as of March 31, 2026, comprising ₹1,668 crore for the manufacturing business and ₹1,574 crore for the EPC business.

The company supplies products to Indian Railways, Tata Power-managed Odisha power distribution companies, including TP Central Odisha Distribution Ltd, TP Western Odisha Distribution Ltd, TP Northern Odisha Distribution Ltd and TP Southern Odisha Distribution Ltd, besides private EPC players such as Montecarlo Ltd and KRYFS Power Components Ltd.