Laser Power to raise ₹742 crore at price band of ₹203-214; IPO to open on July 9

Power transmission and distribution equipment maker Laser Power & Infra has set a price band of ₹203-214 per share for its ₹742 crore initial public offering (IPO), valuing the company at over ₹3,000 crore at the upper end of the issue price. The public issue of the Kolkata-based company is scheduled to open for subscription on July 9 and close on July 13.

The offering comprises a fresh issue of equity shares worth ₹542 crore and an offer for sale (OFS) of ₹200 crore by existing promoters, as per the red herring prospectus (RHP) filed with the registrar of companies (RoC) on July 3.

The company has reduced the issue size from the ₹1,200 crore proposed in the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (Sebi) in September 2025. The company received the regulator's approval for the IPO in February.

Laser Power's anchor book will open for a day on July 8, while the allotment of shares is likely to be finalised on July 14. The shares are proposed to be listed on the stock exchanges on July 16.

Under the allocation structure, 50% of the issue has been reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and the remaining 35% for retail investors.

Headquartered in Kolkata, Laser Power & Infra manufactures power cables, conductors and other transmission and distribution equipment supplied to utilities and infrastructure companies. In recent years, it has expanded into the engineering, procurement and construction (EPC) segment, executing projects related to rural electrification, power distribution networks and substation development. The company is a licensed stranding partner of U.S.-based TS Conductor and caters to clients including Indian Railways, several power distribution companies in Odisha, and private EPC firms such as Montecarlo Ltd and KRYFS Power Components Ltd.

The company operates three manufacturing facilities in West Bengal, with a combined installed production capacity of 85,448 metric tonnes as of March 31, 2026.

Of the proceeds from the fresh issue, ₹499 crore has been earmarked for the repayment or prepayment of borrowings, with the balance to be utilised for general corporate purposes. As of June 17, 2026, the company had outstanding borrowings of ₹935.7 crore.

Financially, Laser Power & Infra reported lower revenue but stronger profitability in FY26. Total income declined to ₹2,347.9 crore from ₹2,592.5 crore in FY25, a drop of around 9% year-on-year. However, profit after tax rose 42% to ₹151.6 crore from ₹106.8 crore, while EBITDA increased to ₹301.4 crore from ₹250.4 crore, reflecting improved operating margins.

The company's net worth rose to ₹725.4 crore as of March 31, 2026, from ₹574.6 crore a year earlier.