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Laser Power & Infra Ltd IPO
Laser Power & Infra Ltd
₹14,210 /70 sharesMinimum investment
IPO details
Subscription rate
Data will be available soon
Schedule
9 Jul 2026
IPO open date
13 Jul 2026
IPO close date
14 Jul 2026
Allotment date
14 Jul 2026
Funds unblock or debit
16 Jul 2026
Tentative listing date
About
Founded in
1988
MD/CEO
Mr Deepak Goel
Parent organisation
Laser Power & Infra Ltd
Laser Power & Infra Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
According to CRISIL, the company is one of the leading manufacturers of power cables and conductors in East India by installed capacity. As of March 31, 2026, it had a combined installed manufacturing capacity of 85,448 MT across its three manufacturing units in West Bengal. The company has over three decades of operating history in the power transmission and distribution sector.
The company claims to have a high level of backward integration across its manufacturing operations. It manufactures key inputs such as aluminium wire rods, XLPE/PVC compounds, packaging materials, and wooden drums in-house, which helps reduce dependence on third-party suppliers and supports both its manufacturing and EPC businesses.
The company claims to have dedicated testing laboratories and in-house R&D facilities to support product development and quality testing. Its manufacturing units are ISO 9001 certified for Quality Management Systems, ISO 14001 certified for Environmental Management Systems, and ISO 45001 certified for Occupational Health and Safety Management Systems. The company also states that its testing facilities conform to BIS and other international standards.
The company has executed power infrastructure projects across difficult terrains and remote locations. As of March 31, 2026, it had completed over 43 EPC projects, including electrification projects in flood-prone, hilly, and isolated regions of Bihar, Odisha, Assam, and Uttar Pradesh under various government schemes.
The company has an established customer base comprising government utilities, railways, Discoms, private EPC companies, and international clients. According to the prospectus, it is a registered supplier to the Indian Railways, RDSO-accredited, and one of the largest approved vendors in East India for certain railway signalling and power cable products.
The company has entered into a strategic manufacturing partnership with TS Conductor Corp, a US-based transmission technology company. Through this collaboration, it claims to manufacture advanced conductor products such as AECC, HTLS, ECO conductors, AL-59 AAC, and ACSS, expanding its product portfolio for transmission applications.
The company has witnessed a consistent increase in its profit after tax (PAT). PAT increased from Rs 40.41 crore in FY24 to Rs 106.75 crore in FY25 and Rs 151.59 crore in FY26.
The company’s business is significantly dependent on its top 10 customers. Its largest customer alone contributed Rs 577.36 crore (24.82%), Rs 558.81 crore (21.74%), and Rs 208.81 crore (11.95%) to revenue from operations in FY26, FY25, and FY24, respectively. Further, the top 10 customers contributed Rs 1,677.93 crore (72.14%), Rs 1,770.12 crore (68.87%), and Rs 932.70 crore (53.37%) to its revenue from operations in FY26, FY25, and FY24, respectively. Failure to retain these key customers, secure repeat orders, or replace lost business could adversely affect the company’s business, financial condition, cash flows, and results of operations.
The company derives a significant portion of its revenue from its manufacturing business. The manufacturing segment contributed Rs 1,691.04 crore (72.70%), Rs 1,857.05 crore (72.25%), and Rs 1,527.83 crore (87.43%) to its revenue from operations in FY26, FY25, and FY24, respectively. Any decline in demand for its power cables and conductors, reduction in government spending on transmission and distribution infrastructure, or disruption in this business segment could adversely affect the company’s business and financial condition.
The company depends on a limited number of suppliers for its raw materials and does not have long-term supply agreements with most of them. Its top 10 suppliers accounted for purchases worth Rs 1,207.88 crore (67.73%), Rs 1,112.91 crore (60.49%), and Rs 921.87 crore (61.58%) in FY26, FY25, and FY24, respectively. Disruption in supplies, volatility in raw material prices, import restrictions, or failure to source materials from alternative suppliers could hurt the company’s production, business, financial condition, and cash flows.
The company is dependent on its key managerial personnel and senior management for its operations and growth strategy. It has not adopted a formal succession plan for key leadership positions and reported employee attrition rates of 18.25%, 26.39%, and 19.93% in FY26, FY25, and FY24, respectively. Any inability to retain or replace key personnel or attract skilled employees could hurt the company’s business, finances, and results of operations.
The company had contingent liabilities of Rs 26.78 crore as of March 31, 2026. These include claims relating to GST, other contingent liabilities, and corporate guarantees provided to customers. If a significant portion of these contingent liabilities materialises, it could adversely affect the company’s financial condition, cash flows, and results of operations.
The company’s order book may not necessarily translate into future revenue or profitability. As of March 31, 2026, it had an order book of Rs 3,243.40 crore, compared to Rs 2,317.25 crore in FY25 and Rs 2,172.74 crore in FY24. Any project delays, cancellations, cost overruns, payment defaults, or failure to execute these orders as planned could adversely affect the company’s revenue, cash flows, financial condition, and results of operations.
The company, its promoters, directors, subsidiary, key managerial personnel (KMPs), and senior management are involved in certain outstanding legal proceedings. Additionally, some case papers and records related to these matters are not available with the company. Any adverse judgment in these proceedings could negatively impact the company’s reputation, business, financial condition, and cash flows.
As of June 17, 2026, the company had total outstanding borrowings of Rs 935.67 crore. Any failure to service or repay these borrowings, or comply with the financial and other covenants under its financing agreements, could adversely affect the company’s business, financial condition, cash flows, and future growth prospects.
Application details
For Laser Power & Infra IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹203 - ₹214 | Upto ₹2 Lakhs | 70 |
| High Networth Individual | ₹203 - ₹214 | ₹2 - ₹5 Lakhs | 70 |