- Power transmission major unveils ₹203-214 price band; public issue opens July 9
- ₹542-cr fresh issue to slash debt, accelerate R&D and next-generation transmission technologies
- Company eyes smart grids, EV infrastructure and global markets as it readies ₹3,000-cr valuation milestone
- Robust ₹3,243-cr order book, pan-India footprint and profitable growth strengthen investor proposition
NE BUSINESS BUREAU
AHMEDABAD, JULY 7
Riding on India’s unprecedented investments in power transmission, smart grids and energy infrastructure, Kolkata-headquartered Laser Power & Infra Ltd (LPIL) on Tuesday unveiled its ₹742-crore Initial Public Offering (IPO), setting a price band of ₹203-214 per equity share as it seeks to fuel its next phase of expansion through technology, innovation and capacity enhancement.
The three-day public issue will open on July 9 and close on July 13, while the anchor investor bidding will take place on July 8. At the upper end of the price band, the integrated power transmission and EPC company is expected to command a market valuation of nearly ₹3,000 crore.
The IPO comprises a fresh issue of equity shares worth ₹542 crore and an Offer for Sale (OFS) aggregating ₹200 crore by promoters.
Investors can bid for a minimum of 70 equity shares of face value ₹5 each, and thereafter in multiples of 70 shares.
Under the OFS, Deepak Goel will offload shares worth up to ₹112.5 crore, Rakhi Goel up to ₹25 crore, and Devesh Goel up to ₹62.5 crore.
The company plans to deploy ₹490 crore from the fresh issue proceeds towards pre-payment and repayment of borrowings, significantly strengthening its balance sheet, while the remaining funds will be utilised for general corporate purposes.
Addressing the media in Ahmedabad, Deepak Goel, Chairman and Managing Director of Laser Power & Infra, outlined the company’s long-term technology-led growth strategy.
“We remain committed to continuous product development backed by robust research and development infrastructure and innovation to deliver a wider portfolio of high-quality, energy-efficient products. This strategy will support sustainable revenue growth while strengthening our competitiveness in both domestic and international markets,” Goel said.
He emphasised that the company is making significant investments in innovation and intends to broaden its product portfolio to meet the rapidly evolving requirements of the power transmission ecosystem.
Laser Power plans to substantially strengthen its research and development capabilities across both its power transmission & distribution (T&D) and Engineering, Procurement & Construction (EPC) businesses. The company aims to leverage its in-house R&D expertise to develop next-generation products aligned with emerging opportunities such as smart grid cabling, EV charging infrastructure, intelligent cables, advanced conductor materials, energy-efficient transmission solutions and smart-grid technologies.
An integrated manufacturer of power cables, conductors, aluminium wire rods, aerial bunched cables and specialised transmission products, LPIL also executes EPC projects catering to India’s expanding electricity infrastructure.
The company enjoys a technological edge as a licensed stranding partner of US-based TS Conductor, enabling it to manufacture advanced high-capacity transmission conductors in India.
Laser Power currently operates three manufacturing facilities in West Bengal—two at Dhulagarh and one at Kharagpur—with a combined installed manufacturing capacity of 85,448 metric tonnes as on March 31, 2026.
For the financial year ended March 31, 2026, the company reported revenue from operations of ₹2,326 crore and profit after tax of ₹151 crore, underlining its consistent financial performance.
Further boosting investor confidence is its healthy order book of ₹3,243 crore, comprising ₹1,668 crore from the manufacturing business and ₹1,574 crore from EPC projects as on March 31, 2026.
Laser Power supplies its products to marquee customers including Indian Railways, Tata Power-managed Odisha power distribution companies—TP Central Odisha Distribution Ltd, TP Western Odisha Distribution Ltd, TP Northern Odisha Distribution Ltd and TP Southern Odisha Distribution Ltd—besides leading EPC companies such as Montecarlo Ltd and KRYFS Power Components Ltd.
The company said it would continue diversifying its product basket to reduce dependence on any single product category while offering comprehensive solutions to clients across India’s fast-growing power and infrastructure sectors.
With operations spread across 26 States and four Union Territories, Laser Power believes the widening investments in transmission networks, renewable energy integration and urban infrastructure will create substantial long-term growth opportunities.
The IPO allocation reserves 50 per cent of the net offer for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs) and the remaining 35 per cent for Retail Individual Investors.
The equity shares are proposed to be listed on both the BSE and the National Stock Exchange of India (NSE).
IIFL Capital Services Ltd (formerly IIFL Securities Ltd) and ICICI Securities Ltd are acting as the Book Running Lead Managers (BRLMs) to the issue.
