Kolkata-headquartered Laser Power & Infra Ltd (LPIL) has officially launched its final pricing parameters for its initial public offering (IPO), setting the stage for public bidding this week.
At the upper end of the price band, the power cables and transmission equipment manufacturer will command a market valuation of approximately ₹3,003 crore. Notable adjustments have been made to the capital raise structure since the early regulatory drafts, with the final public issue trimmed down from its originally proposed ₹1,200-crore target to ₹742 crore.
1. Key IPO Parameters & Investment Timeline
Retail investors tracking the book-built issue can begin placing bids starting Thursday, following the conclusion of the dedicated institutional anchor round.
| Parameter | Details / Metrics |
| Price Band | ₹203 to ₹214 per equity share (Face Value: ₹5) |
| Total Issue Size | ₹742 crore (3,46,72,896 shares) |
| Fresh Issue Component | ₹542 crore (Capital flows straight to the company) |
| Offer for Sale (OFS) | ₹200 crore (Promoters Deepak, Rakhi, and Devesh Goel trimming stakes) |
| Retail Lot Size | 70 shares (Minimum investment: ₹14,980 at cut-off) |
| Reservation Quotas | 50% for QIBs, 35% for Retail, 15% for NIIs / HNIs |
Plaintext
[ THE SEBI ALLOTMENT & LISTING TRACK ]
├── Wednesday, July 8, 2026: Anchor Investor Bidding Opens
├── Thursday, July 9, 2026: Public Subscription Period Begins
├── Monday, July 13, 2026: Public Subscription Period Closes
├── Tuesday, July 14, 2026: Tentative Basis of Share Allotment
└── Thursday, July 16, 2026: Official Listing on NSE and BSE
2. Balance Sheet Cleanup: The Primary Objective
Unlike technology or consumer startups that heavily funnel IPO capital into marketing pipelines, Laser Power & Infra is executing a targeted debt-reduction strategy.
The company had ₹935.7 crore in outstanding borrowings as of mid-June. It has legally earmarked up to ₹499 crore of the net fresh proceeds strictly for the prepayment or full repayment of these outstanding bank liabilities, with the remaining capital balance assigned to general corporate operations.
3. Financial Track Record & Infrastructure Footprint
LPIL operates a dual-pronged infrastructure strategy divided between its high-barrier manufacturing segment and its Engineering, Procurement, and Construction (EPC) turnkey project execution branch.
- The Operational Engine: The firm manages three operational manufacturing facilities in West Bengal (two at Dhulagarh, one at Kharagpur) with a combined installed base of 85,448 metric tonnes. It functions as a licensed stranding partner of U.S.-based TS Conductor, facilitating local production of advanced, high-capacity transmission cables.
- The Order Book Balance: As of March 31, 2026, the company’s total order book stood at a robust ₹3,243 crore. This is split almost evenly between manufacturing pipeline contracts (₹1,668 crore) and active utility/EPC network builds (₹1,574 crore), serving major marquee accounts like the Indian Railways and Tata Power-managed discoms in Odisha.
The Latest Report Card: For the financial year ended March 31, 2026, Laser Power & Infra posted a consolidated revenue from operations of ₹2,326 crore (total income of ₹2,347.9 crore). While top-line total income saw a routine 9% contraction compared to the prior fiscal year, the company’s operational efficiency spiked significantly. Profit After Tax (PAT) jumped 42% year-on-year to reach ₹151.6 crore, driven by expansion across high-margin product layers.
Lead book-running managers overseeing the issue are IIFL Capital Services and ICICI Securities, with MUFG Intime India serving as the registrar.
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