Alpine Texworld GMP ₹2 ▲ 1.90%Millworks Technologies GMP ₹350 ▲ 105.74%Laser Power & Infra GMP ₹36 ▲ 16.82%SBI Funds Management GMP ₹116 ▲ 20.21%Happy Steels GMP ₹5 ▲ 7.58%Devson Catalyst GMP ₹46 ▲ 38.98%
IPO Index
Sanjay Bambhaniya July 6, 2026
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Laser Power & Infra IPO Review | APPLY or AVOID?

Price ₹203 - ₹214 Size ₹742.00 Cr Lot 70 shares Sector Cables And Wires
DRHP Filed Sep 27, 25
Opens Jul 9, 26
Closes Jul 13, 26
Allotment Jul 14, 26
Listing Jul 16, 26
ISSUE OPENJuly 9, 2026 Fresh + OFS
ISSUE CLOSEJuly 13, 2026 1 lot (retail)
ALLOTMENT DATEJuly 14, 2026 Lot Size: 70 shares
LISTING DATEJuly 16, 2026 NSE BSE

Laser Power & Infra Ltd. started in 1988. It operates in the Cables And Wires industry and provides power cables, conductors and EPC turnkey solutions to its customers across India and 10 countries. This business is based in West Bengal. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Laser Power & Infra Limited shows rapid growth but the top line inconsistency remains a key point to consider investors. The company managed to boost its net profit significantly despite facing a revenue drop in the recent fiscal year.

✅ Strengths

  • Integrated business model drives efficiency.
  • Global partnership secures advanced products.
  • Strategic manufacturing plants in Bengal.
  • Diversified revenue from two segments.
  • Rich experience of 35 years.
  • Leading capacity player in region.
  • Registered supplier to Indian Railways.
  • Long relationships with government bodies.

⚠️ Challenges

  • Total revenue fell down recently.
  • Profitability faces risks from delays.
  • Volatile raw material prices hit.
  • Highly competitive power infrastructure field.
  • High debt creates heavy pressure.
  • Government policy changes affect business.
  • Financial risk from contingent liabilities.
  • Peer comparisons lack direct relevance.

Financial Update

The company released its restated financial statements for the year ending March 31, 2026. Total revenue was ₹2,347.89 crore decreased from ₹2,592.53 in previous year. The net profit for the same period was ₹151.59 crore increased from ₹106.75 in previous year. Assets increased by 15.95% compared to the previous year. The available financial data shows that the net profit grew nicely over the last three years). Backward integration helped the firm expand margins. However the sudden revenue decline in fiscal 2026 demands caution. This trend should be carefully studied prior to any investment.

IPO Valuation


The upper price band is ₹214 resulting in a Price-to-Earnings (P/E) ratio of 16.24.  While the asking price appears attractive considering the pre-IPO P/E ratio, the post-IPO valuation increases with fully diluted equity. Peer group comparisons feel somewhat forced due to differing business mixes.

IPO Objective

Company will use Offer proceeds to meet stated objectives:

  • Pre-payment or re-payment of certain outstanding borrowings
  • General Corporate Purposes

Promoters & Lead Manager

  • Promoters are Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel
  • Lead managers are IIFL Capital Services Ltd. and ICICI Securities Ltd.
  • Promoters hold100% equity before this public issue
  • Promoters hold rich operational experience since year 1988.
  • IIFL Capital Services Ltd. managed multiple public offerings.
  • ICICI Securities Ltd. guides several equity market issues.
  • MUFG Intime India Pvt. Ltd. acts as issue registrar.

Peer Comparison

Below is the comparison of the company with its listed peers using data from March 31, 2026. The listed peers trade at high valuations. Direct comparison is difficult. Investors should analyse this firm’s unique integration model.

Company NameEPS (Basic)EPS (Diluted)P/E (x)NAV (₹ per share)RoNW (%)
Laser Power & Infra13.1813.1863.0620.9
Apar Industries243.21242.8167.051,342.7018.11
Polycab India177.53176.9556.98797.7922.25
KEI Industries96.0996.0258.64697.1713.78
Dynamic Cables17.4217.4221.0594.3618.47
Universal Cables47.0147.0127.09545.038.63

Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).

IPO Review & Analyst Rating

This company is a key player in power cable manufacturing and EPC execution in the North-East. Its operating margins are showing healthy progress thanks to strategic backward integration. However, high debt levels remain a significant structural concern for its operational balance sheet.

Analyst NameRecommendation
OverallSubscribe (Long-Term Investment)

Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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