The Laser Power & Infra Ltd IPO has opened for public subscription on July 9, 2026, and will remain open until July 13.
Through this public issue, the company plans to raise ₹742 crore by combining a fresh issue of shares with an Offer for Sale (OFS).
The company’s shares are expected to be listed on the BSE and NSE on July 16, 2026.
Ahead of the IPO, Zee Business Managing Editor and market expert Anil Singhvi shared his opinion on whether investors should consider applying.
Anil Singhvi’s View on the IPO
According to Anil Singhvi, the IPO is available at reasonable valuations, making it suitable for investors who are comfortable taking some risk.
He believes investors looking for listing gains may consider applying for the IPO.
However, he has advised investors to keep a stop-loss below the IPO price after the stock gets listed.
Positives Highlighted by Anil Singhvi
Experienced promoters with a good execution track record.
Strong business model supported by backward integration.
Technology advantage through collaboration with TS Conductor Corp.
Rising demand for power infrastructure could support future growth.
IPO valuation is considered reasonable at around 20 times earnings (PE).
Risks Investors Should Know
The company’s borrowings have increased to ₹828 crore over the last two years.
It reported a negative cash flow of ₹119 crore as of March 31, 2026.
The company operates in a highly competitive industry and is much smaller than major players.
Its market valuation is around ₹3,000 crore, compared to companies like Polycab and KEI Industries, which are significantly larger.
The IPO size was reduced due to challenging market conditions.
Laser Power & Infra IPO Details
The IPO is a book-built issue worth ₹742 crore.
It includes:
A fresh issue of 2.53 crore equity shares worth ₹542 crore.
An Offer for Sale (OFS) of 0.93 crore shares worth ₹200 crore.
The promoters, Deepak Goel, Rakhi Goel, and Devesh Goel, are selling part of their holdings through the OFS.
The company has fixed the price band at ₹203 to ₹214 per share.
Retail investors must apply for a minimum of 70 shares, which requires an investment of ₹14,980 at the upper price band.
The basis of allotment is expected to be finalized on July 14, while refunds and share credits are likely before the proposed listing on July 16.
The IPO has reserved:
50% for Qualified Institutional Buyers (QIBs)
35% for Retail Individual Investors (RIIs)
15% for Non-Institutional Investors (NIIs)
The issue is being managed by IIFL Capital Services Ltd and ICICI Securities Ltd, while MUFG Intime India Pvt Ltd is the registrar.
About Laser Power & Infra Ltd
Founded in 1988 and headquartered in Kolkata, Laser Power & Infra Ltd manufactures power cables, conductors, and specialized electrical products used in India’s power transmission and distribution sector.
The company also operates an Engineering, Procurement and Construction (EPC) business that undertakes projects related to rural and urban electrification, power distribution networks, and substation installations.
As of March 31, 2026, the company had three manufacturing plants in West Bengal with a combined production capacity of 85,448 metric tonnes.
Its business is mainly divided into two segments:
Manufacturing power cables, conductors, and electrical products.
Providing end-to-end EPC solutions for power infrastructure projects.
Investors should carefully evaluate both the growth opportunities and the risks before making an investment decision.
