The Kolkata-based, Goel family-promoted company plans to raise ₹742 crore through the public issue, comprising a fresh issue of shares worth ₹542 crore and an offer-for-sale (OFS) of ₹200 crore by existing promoters.
The IPO size is lower than the ₹1,200 crore proposed in the draft red herring prospectus (DRHP) filed in September 2025. The Securities and Exchange Board of India (SEBI) approved the draft papers in February 2026.At the upper end of the price band, Laser Power & Infra will command a post-listing market capitalisation of ₹3,003.88 crore.
Half of the issue has been reserved for qualified institutional buyers (QIBs), while 15% is earmarked for non-institutional investors (NIIs) and the remaining 35% for retail investors.
The company intends to use ₹499 crore from the fresh issue proceeds to repay debt, with the remaining funds allocated towards general corporate purposes. As of June 17, 2026, its outstanding borrowings stood at ₹935.7 crore.Laser Power & Infra manufactures power cables, conductors and other transmission and distribution equipment from three manufacturing facilities in West Bengal with a combined installed capacity of 85,448 metric tonnes.
The company also undertakes rural electrification, power distribution infrastructure and substation projects through its engineering, procurement and construction (EPC) business.
Manufacturing contributed 73% of the company’s revenue in FY26, while the EPC business accounted for the remaining 27%.
For FY26, Laser Power & Infra reported a 42% year-on-year increase in net profit to ₹151.6 crore, even as revenue declined 9.5% to ₹2,326.1 crore. The improvement was driven by stronger operating performance, with EBITDA rising 20.4% to ₹301.4 crore and the EBITDA margin expanding to 12.95% from 9.74% a year earlier.
The company had an order book of ₹3,243.4 crore at the end of FY26, including ₹1,668.9 crore from its manufacturing business.
IIFL Capital Services and ICICI Securities are the book-running lead managers to the issue.
