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Informist, Monday, Jul. 13, 2026

NEW DELHI – Laser Power & Infra Ltd.'s initial public offering was subscribed 38.94 times by the end of the final day of the issue, with bids received for 996.32 million shares against 25.59 million shares on offer, according to data from BSE. There was greater demand for the issue from qualified institutional buyers as compared to non-institutional investors and retail individual investors.

The portion reserved for QIBs was subscribed 92.25 times with bids received for 674.37 million shares against 7.31 million shares on offer. The portion reserved for non-institutional investors was subscribed 43.34 times with bids for 237.64 million shares against 5.48 million shares reserved for the segment. The portion for retail individual investors was subscribed 6.59 times with bids for 84.32 million shares against 12.79 million shares on offer for them.

The company had reduced the size of its fresh issue to shares worth up to INR 5.42 billion from INR 8 billion and the size of its offer for sale to INR 2 billion from INR 4 billion, according to the addendum to the draft red herring prospectus. Laser Power is an integrated manufacturer of power cables, conductors, and other specialised products and components used by the power transmission and distribution industry. For the financial year 2025–26 (Apr-Mar), on a consolidated basis, it had reported a net profit of INR 1.52 billion on revenues of INR 23.26 billion.  (Astha Oriel)

IPO Alert: Laser Power issue gets almost fully subscribed by end of day 2

Informist, Friday, Jul. 10, 2026

MUMBAI – Laser Power & Infra Ltd.'s initial public offering was almost fully subscribed by the end of the second day, with bids received for 25.53 million shares against 25.59 million shares on offer, according to data from BSE. There was greater demand for the issue from non-institutional investors than from qualified institutional buyers and retail bidders.

The portion reserved for non-institutional investors was subscribed 1.93 times, with bids for 10.56 million shares against 5.48 million shares reserved for the segment. The portion reserved for QIBs was subscribed 64%, with bids for 4.71 million shares against 7.31 million shares reserved for the category. The portion reserved for retail investors was subscribed 80%, with bids submitted for 10.26 million shares against 12.79 million shares on offer for them.

The company reduced the size of its fresh issue to shares worth up to INR 5.42 billion from INR 8 billion and the size of its offer for sale to INR 2 billion from INR 4 billion, according to the addendum to the draft red herring prospectus. Laser Power is an integrated manufacturer of power cables, conductors, and other specialised products and components used by the power transmission and distribution industry. For the financial year 2025–26 (Apr-Mar), on a consolidated basis, it had reported a net profit of INR 1.52 billion on revenues of INR 23.26 billion.  (Ashutosh Pati)

IPO Alert: Laser Power issue subscribed 16% on first day

Informist, Thursday, Jul. 9, 2026

MUMBAI – Laser Power & Infra Ltd.'s initial public offering saw tepid demand on the first day, mostly because of the absence of qualified institutional buyers. Investors placed bids for only 16%, or 4.06 million shares, against 25.59 million shares on offer.

Qualified institutional buyers placed bids for a mere 12,740 shares on the first day, against 7.31 million shares reserved for them. The portion reserved for retail investors was subscribed 23%, with bids submitted for 3 million shares against 12.79 million shares allocated for the segment. The portion reserved for non-institutional investors was subscribed 19%, with bids for 1.04 million shares against 5.48 million shares reserved for this segment.

The company has reduced the size of its fresh issue to shares worth up to INR 5.42 billion from INR 8 billion and the size of its offer for sale to INR 2 billion from INR 4 billion, according to the addendum to the draft red herring prospectus. Laser Power is an integrated manufacturer of power cables, conductors, and other specialised products and components used by the power transmission and distribution industry. For the financial year 2025-26 (Apr-Mar), on a consolidated basis, it had reported a net profit of INR 1.52 billion on revenues of INR 23.26 billion.  (Ashutosh Pati)

IPO alert: Laser Power raises INR 2.23 bln from anchor investors

Informist, Wednesday, Jul. 8, 2026

MUMBAI – Laser Power & Infra Ltd. raised INR 2.23 billion from anchor investors Wednesday, allotting shares at the upper end of its price band at INR 214 per share. It allotted a total of 10.40 million shares ahead of its initial public offering, set to open Thursday. The company had set the price band at INR 203-INR 214 per share.

Of the total allocation to anchor investors, 1.54 million shares, or 14.82%, were allocated to Nippon India Small Cap Fund and 1.03 million shares, or 9.88%, to Nippon Power and Infra Fund. HDFC Manufacturing Fund received 934,570 shares or 8.98%. Of the total allocation, 7.66 million shares were allocated to eight domestic mutual funds.

The company has reduced its fresh issue size to shares worth up to INR 5.42 billion from INR 8 billion and the size of its offer for sale to INR 2 billion from INR 4 billion, according to the addendum to the draft red herring prospectus. Laser Power is an integrated manufacturer of power cables, conductors, and other specialised products and components used by the power transmission and distribution industry. For the financial year 2025-26 (Apr-Mar), on a consolidated basis, it had reported a net profit of INR 1.52 billion on revenues of INR 23.26 billion.  (Ashutosh Pati)

IPO Alert: Laser Power IPO to open Thu, price band at INR 203 INR 214/shr

Informist, Monday, Jul. 6, 2026

MUMBAI – Laser Power & Infra Ltd. has set the price band for its initial public offering at INR 203–INR 214 per share. The public offer will open for subscription on Thursday and close on Jul. 13, according to an advertisement published in the Financial Express. Anchor investors can bid for the shares on Wednesday. 

Investors can bid for a minimum of 70 equity shares and in multiples of the same thereafter. The face value of each share is INR 5. The price-to-earnings ratio based on diluted earnings per share for 2025–26 (Apr-Mar) at the lower end of the price band is 15.40 times and at the upper end, it is 16.24 times, according to the advertisement.

The company has reduced its fresh issue size to shares worth up to INR 5.42 billion from INR 8 billion and the size of its offer for sale to INR 2.00 billion from INR 4 billion, according to the addendum to the draft red herring prospectus of the company. As part of the offer for sale, promoters Deepak Goel, Rakhi Goel, and Devesh Goel will sell shares worth up to INR 1.13 billion, INR 250 million, and INR 625 million, respectively. Prior to filing of the red herring prospectus, the company may consider raising up to INR 1.08 billion through a pre-issue placement. 

Laser Power is an integrated manufacturer of power cables, conductors, and other specialised products and components to the power transmission and distribution industry. For 2024-25 (Apr-Mar), the company had reported a consolidated net profit of INR 1.04 billion on a consolidated revenue of INR 25.70 billion.  (Arya S. Biju)

IPO Alert: Laser Power gets SEBI nod for fresh issue, OFS

Informist, Saturday, Feb. 7, 2026

MUMBAI – Laser Power & Infra Ltd. has received the Securities and Exchange Board of India's approval for its initial public offering. The public offer comprises a fresh issue of INR 8 billion and an offer for sale of INR 4 billion. The regulator issued its observations on Monday.

Laser Power is an integrated manufacturer of power cables, conductors, and other specialised products and components to the power transmission and distribution industry. For 2024-25 (Apr-Mar), the company had reported a consolidated net profit of INR 1.06 billion on a consolidated revenue of INR 25.70 billion.  (Anshul Choudhary)

IPO Alert: Laser Power files DRHP for INR-8-bln fresh issue, INR-4-bln OFS

Informist, Monday, Sept. 29, 2025

MUMBAI – Laser Power & Infra Ltd. Saturday filed a draft red herring prospectus with the Securities and Exchange Board of India for an initial public offer comprising a fresh issue of INR 8 billion and an offer for sale of INR 4 billion. The face value of each share is INR 5. As part of the offer for sale, promoters Deepak Goel, Devesh Goel, and Rakhi Goel will sell INR 2.25 billion, INR 1.25 billion, and INR 500 million worth of shares of the company, respectively.

Laser Power is an integrated manufacturer of power cables, conductors, and other specialised products and components to the power transmission and distribution industry. The company has three manufacturing units, two at Dhulagarh, and one at Kharagpur in West Bengal. Back in 2015, as part of its integration startegy, the company said it entered the engineering, procurement, and construction segment in power distribution sector, focusing on rural electrification projects, power distribution infrastructure development, and installation of substations, among other turnkey solutions.  

For 2024-25 (Apr-Mar), the company had reported a consolidated net profit of INR 1.06 billion on a consolidated revenue of INR 25.70 billion. As of Mar. 31, Laser Power & Infra had a net working capital requirement of INR 7.36 billion. 

Pointing to its risk factors, the company said it derives a significant portion of revenue from the sales of cables and conductors and any adverse development affecting the segment will have a material impact on its financials. In FY25, revenue from sales of power cables and conductors accounted for over 72.3% of the revenue from operations of the company. Other risk factors include increase or fluctuations in prices, disruption in supply of primary raw materials, delay in collection of receivables from customers to meet working capital requirements.

Further, its top 10 customers contributed 68.8% to its revenue from operations during FY25, loss of any customer will adversely impact the company's business and financial condition. The company is also exposed to potential regional risks exposed by the manufacturing units in West Bengal.

The company's total borrowings stood at INR 5.02 billion and it had trade payables worth INR 7.61 billion as of Mar. 31. There are 13 tax proceedings against the company aggregated to INR 148.19 million. 

The offer will be through the book-building process where not more than 50% of the net offer will be allocated to qualified institutional buyers. Not less than 15% of the offer will be allotted to non-institutional bidders and not less than 35% will be allotted to retail individual bidders. IIFL Capital Services Ltd. and ICICI Securities Ltd. are the book-running lead managers of the issue. MUFG Intime India Pvt. Ltd. is the registrar.  (Arundathi A R)  End

Edited by Rajeev Pai

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