Laser Power & Infra Ltd IPO
Cables
Price Band
₹203 – ₹214
Lot Size
70
Minimum Bid Quantity
70
Minimum Investment
₹14980
Issue Size
₹742Cr
Opens
2026-07-09
Closes
2026-07-13
Listing
16-07-2026
Subscription Status
Qualified Institutional Buyers
92.25 x
Non-Institutional Investor
43.27 x
Retail Individual Investor
6.21 x
Total
38.74 x
IPO Details
Issue Type
EQUITY
Face Value
₹5
Tick Size
1
ISIN
INE17IR01028
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Laser Power & Infra Limited is an integrated manufacturer of power cables, conductors, and specialised products and components for the power transmission and distribution industry. The company also operates an engineering, procurement, and construction (EPC) business that undertakes turnkey power distribution projects, including rural and urban electrification, substations, overhead and underground power lines, distribution transformers, and related infrastructure. Its manufacturing portfolio includes low- and medium-voltage power cables, aerial bunched cables, control and quad cables, speciality cables, aluminium rods, PVC compounds, and a range of conductors, including ACSR, AAC, AAAC, AL-59, ACSS, and MV overhead covered conductors. The company operates three manufacturing facilities in West Bengal, with two units in Dhulagarh and one in Kharagpur. These facilities have a combined installed manufacturing capacity of 85,448 MT as of March 31, 2026, and support both its manufacturing and EPC businesses.
Pros
- • According to CRISIL, the company is one of the leading manufacturers of power cables and conductors in East India by installed capacity. As of March 31, 2026, it had a combined installed manufacturing capacity of 85,448 MT across its three manufacturing units in West Bengal. The company has over three decades of operating history in the power transmission and distribution sector.
- • The company claims to have a high level of backward integration across its manufacturing operations. It manufactures key inputs such as aluminium wire rods, XLPE/PVC compounds, packaging materials, and wooden drums in-house, which helps reduce dependence on third-party suppliers and supports both its manufacturing and EPC businesses.
- • The company claims to have dedicated testing laboratories and in-house R&D facilities to support product development and quality testing. Its manufacturing units are ISO 9001 certified for Quality Management Systems, ISO 14001 certified for Environmental Management Systems, and ISO 45001 certified for Occupational Health and Safety Management Systems. The company also states that its testing facilities conform to BIS and other international standards.
Cons
- • The company’s business is significantly dependent on its top 10 customers. Its largest customer alone contributed Rs 577.36 crore (24.82%), Rs 558.81 crore (21.74%), and Rs 208.81 crore (11.95%) to revenue from operations in FY26, FY25, and FY24, respectively. Further, the top 10 customers contributed Rs 1,677.93 crore (72.14%), Rs 1,770.12 crore (68.87%), and Rs 932.70 crore (53.37%) to its revenue from operations in FY26, FY25, and FY24, respectively. Failure to retain these key customers, secure repeat orders, or replace lost business could adversely affect the company’s business, financial condition, cash flows, and results of operations.
- • The company derives a significant portion of its revenue from its manufacturing business. The manufacturing segment contributed Rs 1,691.04 crore (72.70%), Rs 1,857.05 crore (72.25%), and Rs 1,527.83 crore (87.43%) to its revenue from operations in FY26, FY25, and FY24, respectively. Any decline in demand for its power cables and conductors, reduction in government spending on transmission and distribution infrastructure, or disruption in this business segment could adversely affect the company’s business and financial condition.
- • The company depends on a limited number of suppliers for its raw materials and does not have long-term supply agreements with most of them. Its top 10 suppliers accounted for purchases worth Rs 1,207.88 crore (67.73%), Rs 1,112.91 crore (60.49%), and Rs 921.87 crore (61.58%) in FY26, FY25, and FY24, respectively. Disruption in supplies, volatility in raw material prices, import restrictions, or failure to source materials from alternative suppliers could hurt the company’s production, business, financial condition, and cash flows.
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