Laser Power & Infra IPO

About the Company: Powering India’s Transmission Network

Incorporated in 1988, Laser Power & Infra Ltd. is a Kolkata-based integrated manufacturer specializing in power cables, conductors, and specialized industrial infrastructure components for India’s power transmission and distribution matrix. The company has aggressively scaled from its roots as an industrial manufacturer into a full-scale player within the power infrastructure space.

• Dual-Engine Business Model: Operates seamlessly via two major segments: Manufacturing (power/control cables and specialty conductors) and EPC Turnkey Solutions (handling complex rural electrification, urban grid infrastructure, and substation setup).
• Infrastructure Footprint: Backed by 3 robust manufacturing units situated in West Bengal with a combined production capacity of 85,448 MT.
• Deep Order Book Pipeline: As of March 31, 2026, the company holds a massive executable order book position totaling ₹32,434 million.
• Widespread Geographic Execution: Manages complex transmission grids across 26 Indian states and 4 union territories alongside a strong market presence cross-border across 10 international countries.

The company’s core promoter group—consisting of Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel—holds a 100% pre-issue stake, adjusting to 75.29% post-dilution.

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Financial Trends & Performance

While Laser Power & Infra experienced a minor compression in top-line volumes for the fiscal year ending 2026, its structural efficiency push and backward integration capabilities led to record bottom-line profitability expansion.

All figures in ₹ Crore | Source: Red Herring Prospectus (Restated Consolidated)

The numbers indicate structural strength: despite total revenues compressing by 9% down to ₹2,347.89 Cr in FY26, net margins skyrocketed with PAT surging over 42% to cross ₹151.59 Cr, up from ₹106.75 Cr the previous year.

Key Performance Indicators (FY 2026)

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Core Competitive Strengths

• Dominant Regional Footprint: Recognized as one of the leading power cable and conductor manufacturers in the East Indian corridor, with a robust nationwide delivery network.
• Integrated EPC Capabilities: Exceptional track record in executing high-complexity turnkey distribution systems, heavily optimized by key internal industrial backward integrations.
• Marquee Global Relationships: Sustains long-term institutional agreements via a premium local consumer matrix alongside strategic international developer tie-ups.

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Issue Allocation

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IPO Structure & Capital Re-deployment

The capital structure consists of a well-balanced distribution plan mix comprising ₹542.00 crores of Fresh Capital Issue combined with an Offer for Sale (OFS) of ₹200.00 crores from original equity partners. Proceeds are assigned for target deployments:

• Pre-payment or complete/partial liquidation of outstanding corporate borrowings ₹490.00 Cr
• General Corporate Purposes Balance

Utilizing ₹490.00 crores to directly erase nearly 59% of the outstanding group debt matrix will materially suppress annual interest components, feeding directly into higher net cash generation moving forward.