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Laser Power & Infra Ltd
CablesIPO
₹214 - 214
We are an integrated manufacturer of power cables, conductors and other specialised products and components to the power transmission and distribution industry in India. With an established operating history spanning over three decades, we have built a strong reputation for delivering high-quality products tailored to the evolving needs of our clients and tailor-made for their projects. In furtherance of our forward integration strategy, in the year 2015, we strategically expanded our business by entering the engineering, procurement, and construction ("EPC") segment in power distribution sector, focusing on rural electrification projects, power distribution infrastructure development, and installation of substations, among other turnkey solutions.
Lot70Min Invest₹14,980Face Value₹5Issue Size₹742 CrFresh Issue₹542 CrOffer for Sale₹200 CrListing Price₹250CMP₹206
Timeline
9 Jul
Bidding opens
13 Jul
Bidding closes
14 Jul
Allotment
15 Jul
Refund & demat credit
16 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹742 Cr3.47 Cr shares
Fresh Issue₹542 Cr
Offer for Sale₹200 Cr
Face Value₹5
Lot Size70 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,9801-13 lots
sNII₹2,09,720from 14 lots
bNII₹10,03,660from 67 lots
Managers & Registrar
Lead ManagerIIFL Capital Services Limited
Co-ManagerICICI Securities Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrDeepak GoelPRMTR52,57,009112.50Rakhi GoelPRMTR11,68,22425.00Devesh GoelPRMTR29,20,56062.50Total93,45,793200.00
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%75.29%Public0.01%24.71%
Objects of the Issue
- Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company
- General corporate purposes
Anchor Book
Bid Date08-Jul-2026Shares1,04,01,867Amount₹223 Cr30-day lock-in12-Aug-202690-day lock-in11-Oct-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 1,079 | 1,315 | 1,748 | 2,570 | 2,326 |
| Operating ProfitCr | 125 | 104 | 156 | 250 | 301 |
| OPM% | 11.6 | 7.9 | 8.9 | 9.7 | 13.0 |
| PBTCr | 50 | 33 | 53 | 138 | 194 |
| PATCr | 37 | 22 | 39 | 107 | 152 |
| EPS | 581 | 340 | 601 | 9 | 13 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 3 | 6 | 6 | 6 | 58 |
| ReservesCr | 270 | 391 | 467 | 568 | 668 |
| BorrowingsCr | 324 | 361 | 403 | 504 | 871 |
| Total AssetsCr | 1,201 | 1,372 | 1,987 | 2,270 | 2,632 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -56 | 140 | 171 | 60 | -119 |
| Investing Cash FlowCr | -2 | -107 | -65 | -61 | -71 |
| Financing Cash FlowCr | 59 | -31 | -109 | 5 | 213 |
| Net Cash FlowCr | 1 | 2 | -4 | 4 | 24 |
Strengths & Risks
Strengths · as stated in the DRHP
- One of the leading players in terms of manufacturing capacity for power cables and conductors in East India.
- Strong manufacturing capabilities, through strategically located manufacturing units.
- Robust execution capabilities, with a track record of executing and handling complex EPC projects successfully and strong backward integration capabilities.
- Established track record with a marquee customer base.
- Strategic partnerships and collaboration with international players.
- Strong and diversified Order Book with long term revenue growth visibility.
Strategies · as stated in the DRHP
- Capitalize on the growth opportunities in power distribution industry to expand our product portfolio.
- Expand EPC portfolio by leveraging existing capabilities and strategic partnerships in the power sector.
- Leverage technology and automation to enhance manufacturing capabilities.
- Focus on increasing domestic and global presence and enter new markets
Risks · as stated in the DRHP
- The company's business largely depends on its top 10 customers which contributed 72.14%, 68.87% and 53.37% of the company Revenue from Operations in Fiscals 2026, 2025 and 2024. The loss of any of these customers could has an adverse effect on its business, financial condition, results of operations and cash flows.
- The sale of power cables and conductors manufactured by the Company contributes a significant portion to its Revenue from Operations (72.70%, 72.25% and 87.43% for the Fiscals 2026, 2025 and 2024). Any adverse development in the company''s performance in the manufacturing business segment could has an adverse effect on its business, cash flows, results of operation and financial position.
- Significant increases or fluctuations in prices of, or delay or disruption in supply of primary raw materials could affect the company's estimated costs, expenditures and timelines which may have a material adverse effect on its business, financial condition, results of operations and cash flows.
- The company depends on a limited number of suppliers and its does not has long term agreements with most of the company's suppliers for its raw materials and volatility in raw material prices and shortages or disruption in their supply could adversely affect the company's business, results of operations, financial condition and cash flows.
- The company's revenues from its EPC segment are dependent upon the company's ability to effectively secure contracts awarded to its through the competitive bidding route. Consequently, the company's results of operations and cash flows may be adversely affected or fluctuate materially periodically.
- The company has high working capital requirement. If there are delays in the collection of receivables from its customers or the company is unable to access suitable financing to meet working capital requirements, it could lead to material adverse effect on its business, prospects, financial condition and results of operations.