Laser Power & Infra Ltd IPO Opens for Subscription: Key Details and Analysis

The initial public offering of Kolkata-headquartered Laser Power & Infra Ltd (LPIL) opens today at a price band of ₹203-214, marking a significant milestone in the company’s growth trajectory.

Laser Power & Infra IPO Opens for Subscription

The ₹742 crore IPO of the integrated manufacturer of power cables, conductors and specialised products and components for the power transmission and distribution industry, is a combination of fresh issue (₹542 crore) and offer for sale of ₹200 crore by selling/promoter shareholders.

Promoters Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel are part of the OFS, with Deepak Goel, Rakhi Goel and Devesh Goel set to sell shares as part of the offer.

Reservation of Shares for QIBs, NIIs, and Retail Investors

The company has reserved up to 50 per cent of the issue for qualified institutional buyers (QIBs), not less than 15 per cent for non-institutional investors (NIIs), and not less than 35 per cent for retail investors.

Anchor Investors and Utilisation of Funds

Laser Power & Infra Ltd has raised ₹222 crore from anchor investors at ₹214 per share.
The anchor book saw participation from several domestic and global investors, including Prashant Jain’s 3P India Equity Fund, Nippon India Mutual Fund (MF), HDFC MF, Mirae Asset MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, Bank of India MF, Kotak Mahindra Life Insurance, Edelweiss Life Insurance and Societe Generale.
The company has allotted 1.04 crore equity shares to anchor investors at ₹214 apiece, the upper end of the IPO price band, aggregating ₹222.6 crore.

The company proposes to utilise the net proceeds of the fresh issue towards pre-payment or repayment, in full or in part, of certain outstanding borrowings worth ₹490 crore and a portion would be earmarked for general corporate purposes.

Key Takeaways

The IPO is priced at ₹203-214, with a lot size of 70 shares.
The company has three manufacturing facilities in West Bengal with a combined installed capacity of 85,448 metric tonnes as of March 31, 2026.
Laser Power & Infra operates in the manufacturing and engineering, procurement and construction (EPC) segments, manufacturing power cables, conductors, aluminium wire rods, aerial bunched cables and other products used in the power transmission and distribution sector.

FAQs

What is the IPO price band for Laser Power & Infra Ltd?

The IPO price band for Laser Power & Infra Ltd is ₹203-214.

How much has the company raised from anchor investors?

Laser Power & Infra Ltd has raised ₹222 crore from anchor investors at ₹214 per share.

What is the utilisation of funds for the fresh issue?

Conclusion

The Laser Power & Infra IPO offers an attractive opportunity for investors to participate in the growth of a leading player in the power transmission and distribution industry. With a strong product portfolio, expanding EPC presence, and favourable long-term industry tailwinds, the company is well-positioned to sustain its growth trajectory. We recommend investors to subscribe to the issue with a long-term investment horizon.