Laser Power & Infra bets on India’s power infrastructure boom; ₹742-crore IPO opens July 9

Laser Power & Infra Targets Next Growth Phase with ₹742-Crore IPO

 Powering India’s Infrastructure Story: Laser Power & Infra Opens ₹742-Crore IPO

Deepak Goel: IPO Will Strengthen Laser Power & Infra for India’s Infrastructure Boom

Chairman Deepak Goel Says IPO Marks a Strategic Leap in Laser Power & Infra’s Growth Journey

Devesh Goel: Laser Power & Infra Ready to Scale Up with Strong Fundamentals and IPO Backing

CEO Devesh Goel Highlights Integrated Business Model as Laser Power & Infra Launches ₹742-Crore IPO

Bilkul Bazaar

Ahmedabad

As India accelerates investments in power transmission, renewable energy integration and grid modernisation, Kolkata-headquartered Laser Power & Infra Limited is looking to power its next phase of growth through a ₹742-crore Initial Public Offering (IPO).

At the press conference interaction in Ahmedabad on Tuesday, Deepak Goel, Chairman & Managing Director, Devesh Goel, Whole-Time Director & CEO, Amit Goel, Chief Financial Officer, and S.K. Agarwal, President, outlined the company’s long-term strategy, financial strength and the rationale behind its decision to enter the capital market, while Ashwani Kare, Business Head, ICICI Securities, highlighted the investment opportunity.

The IPO, which opens for subscription on July 9 and closes on July 13, has been priced in the band of ₹203-214 per equity share. It comprises a fresh issue of ₹542 crore and an Offer for Sale (OFS) of ₹200 crore, taking the total issue size to ₹742 crore. The proceeds from the fresh issue will primarily be used to reduce debt and strengthen the company’s balance sheet, enabling it to capitalise on the country’s expanding power infrastructure opportunities.

Addressing the gathering, Deepak Goel, Chairman & Managing Director, said the IPO is not merely a fund-raising exercise but a strategic milestone in the company’s journey.

“The power sector in India is entering a multi-year growth cycle driven by infrastructure expansion, renewable energy and transmission upgrades. We have spent over three decades building capabilities, and the IPO will help us strengthen our balance sheet and participate more aggressively in this growth story.”

Explaining the timing of the public issue, Devesh Goel, Whole-Time Director & CEO, said the company has reached a stage where scale, governance and growth ambitions make public participation the logical next step.

“We are entering the market from a position of operational strength. Our integrated business model, manufacturing capabilities and EPC expertise give us a competitive advantage. We believe this is the right time to unlock value while creating a stronger platform for future expansion.”

Laser Power & Infra operates through two integrated verticals—manufacturing power cables and conductors, and executing Engineering, Procurement and Construction (EPC) projects. The company has three manufacturing facilities in West Bengal and has completed more than 40 large EPC projects across several Indian states, including projects in challenging terrains. It also exports products to international markets.

Highlighting the company’s financial discipline, Amit Goel, Chief Financial Officer, said the fresh capital would significantly improve financial flexibility.

“Reducing debt will lower our finance costs and enhance our ability to pursue larger opportunities. Our financial performance reflects consistent improvement in profitability, and the IPO will further strengthen our balance sheet.”

The company reported a sharp rise in profitability over the last three financial years, with Profit After Tax increasing from about ₹40 crore in FY24 to ₹152 crore in FY26, despite operating in a capital-intensive industry.

Speaking about operational strengths, S.K. Agarwal, President, said Laser Power & Infra enjoys a distinct competitive edge because of its backward integration and diversified capabilities.

“Unlike many players who focus only on manufacturing or EPC, we operate across the value chain. Our in-house manufacturing, R&D, quality testing facilities and project execution expertise enable us to deliver better quality, greater efficiency and faster execution.”

Industry reports also identify the company among the leading cable and conductor manufacturers in eastern India, supported by integrated manufacturing facilities, in-house R&D and a growing EPC order book.

Representing one of the book-running lead managers, Ashwani Kare, Business Head, ICICI Securities, said the IPO offers investors an opportunity to participate in a company positioned in a sector expected to witness sustained long-term growth.

The equity shares are proposed to be listed on both the BSE and the NSE. IIFL Capital Services Ltd. and ICICI Securities Ltd. are the book-running lead managers for the issue. Retail investors can bid for a minimum of 70 equity shares and in multiples thereof.

Disclaimer: This article is for information only and is not investment advice. Please read the IPO documents carefully before investing.

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