The Rs 742-crore Laser Power & Infra IPO has received a strong response on the third and final day of bidding, with the issue subscribed 19.13 times against the 2.55 crore shares on offer. The retail investor segment was subscribed 4.57 times, with bids received for 1.27 crore shares reserved for the category.
The issue is currently commanding a Grey Market Premium (GMP) of Rs 36, suggesting a potential listing gain of around 17% over the upper price band of Rs 214.
The company fixed the IPO price band at Rs 203–214 per equity share. The Rs 742-crore public issue comprises a fresh issue and an Offer for Sale (OFS). Through the fresh issue, Laser Power & Infra plans to raise Rs 542 crore by issuing 2.53 crore new equity shares.
The share allotment is expected to be finalized on July 14, 2026, while the company’s shares are likely to be listed on the NSE and BSE on July 16, 2026.
Laser Power & Infra IPO subscription status
On the third and final day of bidding, the Laser Power & Infra IPO received strong investor interest, with the issue subscribed 19.13 times against the 2.55 crore shares available for subscription.
The Retail Individual Investors (RIIs) category was subscribed 4.57 times, with bids received for 1.27 crore shares reserved for retail investors, indicating steady participation from individual buyers.
The Non-Institutional Investors (NIIs) segment witnessed higher demand, with the category subscribed 36.32 times against the 54.82 lakh shares on offer.
The Qualified Institutional Buyers (QIBs) portion was subscribed 31.77 times against the 73.10 lakh shares reserved for institutional investors.
Laser Power & Infra IPO GMP today
The latest Grey Market Premium (GMP) for the Laser Power & Infra IPO stands at Rs 36, reflecting a 17% premium over the upper price band of Rs 214. If the current market sentiment holds until the listing date, the shares are estimated to debut at around Rs 250 per share.
IPO details
The Rs 742-crore public issue comprises a fresh issue and an Offer for Sale (OFS). Through the fresh issue, the company plans to raise Rs 542 crore by issuing 2.53 crore new equity shares. The proceeds will primarily be utilized towards debt repayment and other general corporate purposes.
The OFS component includes 0.93 crore equity shares worth Rs 200 crore, allowing existing shareholders to partially exit their investments and unlock value. The Offer for Sale will be carried out by promoter shareholders Deepak Goel, Rakhi Goel, and Devesh Goel, who will reduce part of their stake through the public offering.
The share allotment for the IPO is expected to be finalized on July 14, 2026. Following this, Laser Power & Infra shares are likely to be listed on both the NSE and BSE on July 16, 2026.
At the upper price band of Rs 214 per share, investors can bid for the IPO in lots of 70 shares. Retail investors applying for the minimum one lot will need to invest Rs 14,980.
IIFL Capital Services Ltd. has been appointed as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. will serve as the registrar.
About Laser Power & Infra
Laser Power & Infra Ltd. is an integrated player in the power transmission and distribution sector, engaged in the manufacturing of power cables, control cables, conductors, and other specialised electrical products.
Beyond manufacturing, the company has established a strong presence in the Engineering, Procurement and Construction (EPC) segment, undertaking turnkey projects across rural electrification, power distribution infrastructure, substations, and transmission networks.
As of March 31, 2026, Laser Power & Infra operated three manufacturing facilities in West Bengal with a combined installed production capacity of 85.448 MT.
The company's business is divided into two core verticals—Manufacturing and EPC—both serving the power transmission and distribution ecosystem. Its manufacturing portfolio includes power cables, control cables, conductors, and other specialised products used in power infrastructure projects. Through its EPC business, the company delivers end-to-end solutions for rural electrification, urban power distribution, distribution infrastructure development, and turnkey transmission projects.
Laser Power & Infra has built a wide execution network spanning 26 states, four Union Territories, and 10 international markets. As of March 31, 2026, the company reported an order book of Rs 32,434 million (approximately Rs 3,243 crore), providing healthy revenue visibility for the coming years.
Objects of the Issue
The primary objective of the fresh issue is to reduce the company's debt burden by prepaying or repaying certain outstanding borrowings amounting to Rs 490 crore.
The remaining proceeds will be utilised for general corporate purposes and issue-related expenses, in line with the company's funding requirements.
Financial Performance
Laser Power & Infra reported a mixed financial performance in FY26, with revenue declining while profitability improved significantly due to better operational efficiency.
Total income stood at Rs 2,347.89 crore in FY26, compared with Rs 2,592.53 crore in FY25, although it remained well above the Rs 1,763.65 crore recorded in FY24. Meanwhile, profit after tax (PAT) increased to Rs 151.59 crore in FY26 from Rs 106.75 crore in FY25 and Rs 40.41 crore in FY24.
On a year-on-year basis, total income declined by around 9% in FY26, reflecting slower revenue growth. However, PAT rose nearly 42%, indicating improved margins and stronger operating performance.
Key Risk Factors
One of the key risks highlighted in the company's Red Herring Prospectus (RHP) is its high dependence on a limited number of customers. The top 10 customers accounted for 72.14% of total revenue in FY26, 68.87% in FY25, and 53.37% in FY24.
A decline in business from these major customers, delays in project execution, or contract cancellations could adversely affect the company's revenue, profitability, cash flows, and overall financial performance.
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