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Laser Power & Infra Ltd (LPIL) has fixed a price band of INR 203–214 per share for its INR 742 crore initial public offering (IPO), which will open for subscription on July 9 and close on July 13, with the anchor investor portion scheduled to open a day earlier. The Kolkata-based power transmission products manufacturer aims to raise INR 542 crore through a fresh issue, while promoters will divest shares worth INR 200 crore through an offer for sale (OFS). The proceeds from the fresh issue will be used primarily to reduce outstanding debt. As of March 31, 2026, the company had an order book of INR 3,243 crore and reported revenue of INR 2,326 crore for FY26.
Laser Power & Infra Ltd (LPIL) has fixed a price band of INR 203–214 per share for its proposed INR 742 crore initial public offering (IPO), which is scheduled to open for public subscription on July 9. The Kolkata-headquartered integrated power cables and transmission products manufacturer announced that the three-day issue will close on July 13, while the anchor investor portion will open on July 8.
At the upper end of the price band, the company is expected to command a market valuation of around INR 3,000 crore.
The IPO comprises a fresh issue of equity shares worth INR 542 crore and an offer for sale (OFS) of shares worth INR 200 crore by existing promoters. Under the OFS, Deepak Goel will sell shares valued at up to INR 112.5 crore, while Rakhi Goel and Devesh Goel will divest shares worth up to INR 25 crore and INR 62.5 crore, respectively.
According to the company, the net proceeds from the fresh issue will be utilised primarily for the pre-payment or repayment of certain outstanding borrowings amounting to INR 490 crore. The balance of the funds will be used for general corporate purposes.
LPIL operates across two business verticals—manufacturing and engineering, procurement and construction (EPC). Its product portfolio includes power cables, conductors, aluminium wire rods, aerial bunched cables and other products used in the power transmission and distribution sector.
The company is also a licensed stranding partner of US-based TS Conductor, enabling it to manufacture advanced high-capacity transmission conductors in India.
As of March 31, 2026, LPIL operated three manufacturing facilities in West Bengal, including two units at Dhulagarh and one at Kharagpur. The combined installed manufacturing capacity of these facilities stood at 85,448 metric tonnes.
For FY26, the company reported revenue from operations of INR 2,326 crore and a profit after tax of INR 151 crore. Its order book stood at INR 3,243 crore at the end of March 2026, comprising manufacturing orders worth INR 1,668 crore and EPC contracts valued at INR 1,574 crore.
LPIL supplies products to Indian Railways, Tata Power-managed power distribution companies in Odisha—including TP Central Odisha Distribution Ltd, TP Western Odisha Distribution Ltd, TP Northern Odisha Distribution Ltd and TP Southern Odisha Distribution Ltd—as well as private EPC companies such as Montecarlo Ltd and KRYFS Power Components Ltd.
Under the IPO allocation, 50 per cent of the net issue has been reserved for Qualified Institutional Buyers (QIBs), 15 per cent for non-institutional investors and the remaining 35 per cent for retail investors. IIFL Capital Services and ICICI Securities are the book-running lead managers for the issue.
Source - PTI
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