Laser Power & Infra IPO

About the company

Laser Power & Infra Limited (LPIL) is an integrated manufacturer of power cables, conductors and other specialised products which are used in the power transmission and distribution sector in India. The company has been operating for more than 30 years. In 2015, it expanded its business by entering the Engineering, Procurement and Construction (EPC) segment, where it undertakes projects related to rural electrification, power distribution infrastructure and substation installation. LPIL is one of the leading manufacturers in East India based on installed manufacturing capacity, as per the CRISIL Report. As of FY26, the company had a total manufacturing capacity of 85,448 MT for power cables and conductors. It is also a registered supplier to Indian Railways and is approved by the Research Designs and Standards Organisation (RDSO). LPIL operates 3 manufacturing facilities, all located in West Bengal. These facilities have a combined installed capacity of 85,448 MT as of March 31, 2026 and spread across a total area of 40.39 acres. Manufacturing Unit I is located at Dhulagarh on 6.26 acres of land, part of which is owned by the company. This unit manufactures high-tension (HT) power cables, RDSO-approved railway signalling cables, quad cables and conductors. Manufacturing Unit II is also located at Dhulagarh on 8.84 acres and manufactures aluminium wire rods and HT covered conductors. Manufacturing Unit III is situated at Kharagpur on 25.29 acres and produces low-tension (LT) aerial bunched cables, LT power cables and ACSR conductors. The company operates through two business segments: Manufacturing and EPC. The Manufacturing business includes power cables, control cables, speciality products such as aluminium rods, alloy rods and PVC compounds, and a wide range of conductors including ACSR, AAC, AAAC, AL-59, ACSS, eco-conductors and MVCC conductors. The Manufacturing business remained the largest contributor, generating revenue of ₹1,691.04 crore and accounting for 72.70% of total revenue in FY26. The EPC business contributed ₹635.07 crore, representing 27.30% of total revenue. The EPC business undertakes turnkey projects involving rural and urban electrification, HT and LT overhead power lines, substations up to 33/11 kV, aerial bunched cabling, underground cabling and last-mile power connectivity. As of March 31, 2026, the company had completed 43 EPC projects and was executing 34 ongoing projects. It had installed more than 85,191 circuit kilometres (ckm) of distribution lines and commissioned more than 113 substations. The company has also successfully completed one international EPC project in Togo. LPIL is also a licensed stranding partner of TS Conductor Corp, a company based in the United States. It can manufacture advanced high-capacity conductors in India using TS Conductor's proprietary carbon-fibre composite core technology through this partnership. As of March 31, 2026, the company had an order book worth ₹3,243.40 crore, of which Manufacturing orders accounted for ₹1,668.89 crore, while EPC orders contributed ₹1,574.51 crore. 65.16% of the company's revenue was made up by government customers in FY26, while private sector customers contributed ₹810.41 crore, or 34.84% of revenue. Major customers of the company include Indian Railways, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, TP Northern Odisha Distribution Limited, TP Southern Odisha Distribution Limited, Montecarlo Limited and KRYFS Power Components Limited. As of March 31, 2026, the company has presence across 26 states and 4 union territories in India, along with exports to 10 countries including Bhutan, Mauritius, Mozambique, Nepal, the United Arab Emirates (UAE) and Kuwait. East India continued to be the company's largest manufacturing market, contributing 53.93% of manufacturing revenue in FY26. India's wires and cables industry is expected to grow at 11-13% CAGR to reach ₹2,35,000-2,55,000 crore by FY30 after growing at a 12.3% CAGR between FY20 to FY25, driven by rising demand for High Voltage (HV) and Extra-High Voltage (EHV) cables (above 33 KV), elastomeric cables, PVC control cables, building wires and switchboard cables, supported by transmission network expansion, rural electrification and recovery in construction activity after COVID-19. Power transmission cables remained the largest segment, accounting for 40-42% of the market in FY25. The conductors market reached ₹18,500 crore in FY25 after growing at a 12.6% CAGR since FY20 and is expected to grow at 5-6% CAGR to ₹23,000-25,000 crore by FY30. ACSR conductors held the largest share at 43-45%, followed by AL59 conductors at 32-34%. East India, especially West Bengal and Odisha, remains a key manufacturing hub with several RDSO-approved cable and conductor manufacturers. The company is planning to expand its product portfolio by increasing its focus on higher-margin specialty products and advanced conductors such as HTLS and MVCC conductors. It also intends to strengthen its EPC business by expanding into water distribution and solar EPC projects. The company entered the solar EPC business in 2018 and the water distribution business in 2022. As of March 31, 2026, it had completed one project in each of these segments. In addition, the company also plans to expand its presence across both domestic and international markets to support future growth. Now, Laser Power & Infra Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ₹542.00 crore and an Offer for sale of ₹200.00 crore only. The total issue size of the IPO is ₹742.00 crore. Its shares will be listed on the NSE and BSE. ### **How to pre-apply for Laser Power & Infra IPO?** You can pre-apply for the Laser Power & Infra IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: - Login to your Upstox account, using your six-digit PIN - After successfully logging in, click on ‘Discover’ - On the Discover tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Laser Power & Infra IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Pre-Apply’ - Accept the mandate on your UPI app ### **How to apply for Laser Power & Infra IPO?** If you are interested in this investment opportunity but unsure how to apply for Laser Power & Infra IPO, here are the steps that you need to follow. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Laser Power & Infra IPO on Upstox: - Log in to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ tab, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, look for the ‘Laser Power & Infra IPO’ tab and click on it - Now fill in all the required information, like ‘bid price’ and ‘lot size’ - Confirm and click on ‘Apply’ - Accept the mandate on your UPI app ### **How to check the Laser Power & Infra IPO allotment status? ** When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes. Here’s a step-by-step guide on how to check the Laser Power & Infra IPO allotment status: - Login to your Upstox account, using your six-digit PIN - After logging in, click on ‘Discover’ - On the ‘Discover’ page, you will find the ‘Invest in IPO’ section - Under the Invest in IPO section, you will find the ‘View all’ option - Once you click on ‘View all’, you will be directed to the ‘IPO’ tab - In the ‘IPO’ tab, click on ‘My applications’ - In ‘My applications’, under the History section, your Laser Power & Infra IPO allotment status will be mentioned

GMP trend (Grey Market Premium by date)

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   09 Jul 2026

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   13 Jul 2026

   Last day to place your bid

3. Basis of Allotment

   Completed
   14 Jul 2026

   Share allotment finalised

4. Refund Initiation

   Completed
   15 Jul 2026

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   15 Jul 2026

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   16 Jul 2026

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.