Laser Power & Infra IPO Review 2026: GMP, Financials & Risks
Laser Power & Infra IPO is a mainboard issue from a Kolkata-based integrated manufacturer of power cables, conductors and other specialised products and components for India's power transmission and distribution industry. The company has also expanded into the EPC (Engineering, Procurement and Construction) side of the business, taking up rural electrification, substation erection and other turnkey power infrastructure projects.
The ₹742 crore IPO comprises a fresh issue and an offer for sale. Proceeds from the fresh issue will go to the company, while the offer-for-sale portion will be received by the selling shareholder. Revenue declined marginally in FY26 following strong growth in the previous year, while profitability increased during the same period.
For live GMP, application link and subscription status, visit the Laser Power & Infra IPO page on IPO Ji.
Laser Power & Infra IPO — Quick Overview
| Particulars | Details |
|---|---|
| IPO Name | Laser Power & Infra Limited IPO |
| Price Band | ₹203 to ₹214 per equity share |
| Lot Size | 70 shares |
| Minimum Investment | ₹14,980 at the upper price band for retail investors (1 lot) |
| Total Issue Size | ₹742 crore (Fresh Issue: ₹542 crore + Offer for Sale: ₹200 crore) |
| IPO Open Date | |
| IPO Close Date | |
| Listing Date | (tentative) |
The issue comprises a fresh issue of 2,53,27,103 shares (aggregating up to ₹542 crore) and an offer for sale of 93,45,794 shares (aggregating up to ₹200 crore) by the promoter selling shareholder. The face value of per share is ₹5. MUFG Intime India Pvt. Ltd. is the registrar, while IIFL Capital Services Ltd. and ICICI Securities Ltd. are lead managers for the Laser Power & Infra IPO.
For the complete lot-size table, live subscription tracker and application link, see the Laser Power & Infra IPO detail page on IPO Ji.
Laser Power & Infra IPO GMP
(as of 7 July 2026, 2:00 PM IST)
Laser Power & Infra IPO GMP today is around ₹14–₹15 per share, which implies an estimated listing price of ₹228 - ₹229 — roughly at 7% premium over the upper price band of ₹214.
Grey Market Premium is an unofficial, sentiment-driven number — not a forecast of listing gains, and not something to rely on by itself. Treat it as one data point alongside the company's financials and subscription demand.
Check the Laser Power & Infra IPO GMP on IPO Ji for real-time updates as they show up.
About Laser Power & Infra Limited
Laser Power & Infra Ltd. manufactures power cables, conductors and specialised components for India’s power transmission and distribution sector. It also executes EPC projects, including rural electrification, substations and other turnkey infrastructure works.
The company operates three manufacturing units in West Bengal with a combined capacity of 73,100 MT. Headquartered in Kolkata, it had 660 permanent employees as of August 2025.The company’s listed peers include Apar Industries, Polycab India, KEI Industries, Dynamic Cables and Universal Cables. Its promoters are Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel. Their combined shareholding is expected to decline from 100% before the issue to 75.30% after the IPO.
Laser Power & Infra Financial Performance
- Revenue increased from ₹1,763.65 crore in FY24 to ₹2,592.53 crore in FY25 — a jump of nearly 47% — before easing by around 9.4% to ₹2,347.89 crore in FY26.
- Profit after tax rose sharply from ₹40.41 crore in FY24 to ₹106.75 crore in FY25, and continued climbing to ₹151.59 crore in FY26, up about 42% year-on-year despite the dip in revenue.
- Total assets grew steadily from ₹1,986.99 crore in FY24 to ₹2,270.17 crore in FY25 and further to ₹2,632.36 crore in FY26.
- Net worth increased from ₹473.44 crore in FY24 to ₹574.58 crore in FY25 and ₹725.41 crore in FY26.
- Total borrowings rose from ₹393.75 crore in FY24 to ₹502.95 crore in FY25, and jumped further to ₹828.23 crore in FY26 — an increase of roughly 65% over FY25.
Source: RHP, Laser Power & Infra Limited
Laser Power & Infra Key Strengths
- Growing presence in power cables and conductors: The company has shown consistent income growth on the back of rising demand from the power and infrastructure segments.
- Rising profitability despite revenue dip: PAT grew from ₹40.41 crore in FY24 to ₹151.59 crore in FY26, even as revenue eased slightly in the final year.
- Strong manufacturing infrastructure: Three manufacturing units strategically located in West Bengal, with a combined capacity of 73,100 MT, support production efficiency and supply chain logistics.
- EPC implementation capability: The company has demonstrated the ability to execute large-scale power infrastructure projects and has built backward integration into its EPC business.
- Healthy return ratios: ROE of 23.32%, ROCE of 17.83% and RoNW of 20.90% indicate reasonably efficient use of capital.
Laser Power & Infra Key Risks
- Customer concentration risk: A large portion of revenue comes from top customers, and the loss of any major customer could hurt business operations and cash flows.
- Dependence on the manufacturing segment: A large share of revenue comes from the sale of power cables and conductors, making the company vulnerable to any downturn in this segment.
- Rising borrowings: Total borrowings jumped from ₹502.95 crore in FY25 to ₹828.23 crore in FY26, pushing up the debt-to-equity ratio to 1.10.
- Raw material price volatility: Changes in the prices or availability of key raw materials can affect costs, profit margins and project timelines.
Laser Power & Infra IPO Review: Our Take
Laser Power & Infra operates in the power cables and conductors segment and has expanded into EPC execution for power distribution infrastructure — a business that benefits from India's ongoing rural electrification and grid-strengthening push. The company has shown consistent profit growth, even as revenue eased slightly in FY26 after a sharp prior-year jump.
At the same time, borrowings have risen notably in FY26, and a meaningful part of the fresh issue proceeds — ₹490 crore — is earmarked for prepayment or repayment of existing borrowings. The company also operates in a competitive space alongside larger, more established peers. The valuation, subscription demand, GMP trend and full risk disclosures in the RHP should be considered together.
Investors should review the financials, peer valuations, and their own risk appetite before making a decision. This content is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered investment advisor before applying.
Laser Power & Infra IPO Allotment Status
Allotment is tentatively expected around July 14, 2026, with listing tentatively scheduled for July 16, 2026 on BSE and NSE. Once finalised, check your status via:
- The IPO Ji app or website
- BSE or NSE websites
- The registrar's website (MUFG Intime India Pvt. Ltd.)
You'll need your PAN, application number or Demat account details.
Check the Laser Power & Infra IPO allotment status on IPO Ji for quick updates.
How to Apply for Laser Power & Infra IPO on IPO Ji
- Open the IPO Ji App (Play Store/App Store) or visit ipoji.com.
- Search for Laser Power & Infra IPO.
- Review the price band, lot size and dates.
- Select your Demat account and enter the number of lots.
- Submit using your registered UPI ID and approve the mandate before the deadline.
The application amount stays blocked in your account and is debited only on allotment. ASBA via net banking or a supported broker also works.
FAQs on Laser Power & Infra IPO
Is Laser Power & Infra IPO good or bad?
Laser Power & Infra operates in the power cables, conductors and EPC segment. Profit increased through FY26, while revenue declined slightly and borrowings rose. Investors should assess the valuation, latest GMP, subscription demand and their own risk appetite before making a decision.
What is the Laser Power & Infra IPO price band and lot size?
The price band is ₹203 to ₹214 per share, and the lot size is 70 shares. The minimum retail investment at the upper price band is ₹14,980. The maximum retail investment is ₹1,94,740 for 13 lots.
Is Laser Power & Infra IPO a fresh issue or an OFS?
The IPO includes a fresh issue of ₹542 crore and an offer for sale of ₹200 crore, taking the total issue size to ₹742 crore.
When does Laser Power & Infra IPO open and close?
The IPO opens on July 9, 2026, and closes on July 13, 2026. Allotment is tentatively expected on July 14, 2026, while listing is tentatively scheduled for July 16, 2026, on BSE and NSE.
What is Laser Power & Infra IPO GMP today?
As of 2:00 PM on July 7, 2026, the GMP was around ₹14–₹15 per share. Based on the upper price band of ₹214, this indicated an estimated listing price of approximately ₹228–₹229 and a premium of about 7%. GMP is unofficial and can change frequently.
What is the P/E ratio and valuation of Laser Power & Infra IPO?
The post-issue P/E ratio is 19.82, post-issue EPS is ₹10.80, P/B ratio is 3.39, RoNW is 20.90%, and the estimated market capitalisation is ₹3,003.88 crore.
What does Laser Power & Infra Limited do?
Laser Power & Infra manufactures power cables, conductors and specialised products for India’s power transmission and distribution sector. It also executes EPC projects such as rural electrification and substation erection.
Who are Laser Power & Infra's listed peers?
Its listed peers include Apar Industries, Polycab India, KEI Industries, Dynamic Cables and Universal Cables, according to the company’s offer documents.
How will Laser Power & Infra use the IPO proceeds?
Of the fresh issue proceeds, ₹490 crore is proposed to be used for the prepayment or repayment of certain outstanding borrowings. The remaining amount will be used for general corporate purposes.
Where can I check Laser Power & Infra IPO subscription status?
Live QIB, NII and retail subscription data can be checked on the Laser Power & Infra IPO page on IPO Ji or through the official BSE and NSE websites.
