Laser Power & Infra Targets ₹1,200 Crore IPO to Fuel Growth and Cut Debt – EQ
In Short : Laser Power & Infra Ltd has filed draft papers with SEBI for a ₹1,200 crore IPO, comprising a ₹800 crore fresh issue and ₹400 crore OFS by promoters. Proceeds will partly repay ₹600 crore of debt. The Kolkata-based power cable manufacturer reported FY25 revenue of ₹2,570 crore and profit of ₹106 crore. ICICI Securities and IIFL are lead managers.
In Detail : Laser Power & Infra Ltd has moved a step closer to the capital markets by filing draft papers with SEBI for a ₹1,200 crore initial public offering. The issue will be a mix of fresh equity shares worth ₹800 crore and an offer-for-sale of ₹400 crore by existing promoters. This marks a major milestone for the company.
The offer-for-sale component will see key promoters divesting part of their holdings. Deepak Goel will sell shares worth ₹225 crore, Rakhi Goel ₹50 crore, and Devesh Goel ₹125 crore. This move will not only provide liquidity to promoters but also broaden the company’s shareholder base. Investors will gain an opportunity to participate in the growth journey.
In addition to the IPO, Laser Power & Infra may consider a pre-IPO placement of up to ₹160 crore. Should this take place, the size of the fresh issue will be reduced accordingly. This flexibility allows the company to optimize capital raising while maintaining investor appetite during the main offering.
Proceeds from the fresh issue are expected to be strategically deployed. Of the ₹800 crore fresh issue, around ₹600 crore will be utilized to repay existing borrowings. This significant debt reduction will strengthen the company’s balance sheet, lower interest costs, and improve profitability in the long run, creating value for shareholders.
Founded in 1988 and headquartered in Kolkata, Laser Power & Infra has established itself as a key player in the power infrastructure sector. The company manufactures cables, conductors, and other specialized products for electricity transmission and distribution. Over the years, it has built strong industry credentials and a diverse product portfolio.
Currently, the company operates three advanced manufacturing facilities in West Bengal. Together, these plants have an installed capacity of approximately 73,100 metric tons per year. The facilities are equipped to meet rising domestic demand as well as cater to international markets, further expanding the company’s growth opportunities.
Financial performance has been encouraging, with the company reporting a revenue of ₹2,570 crore in FY25. Profit after tax stood at ₹106 crore during the same period. These results reflect its consistent growth trajectory and operational efficiency, adding strength to its IPO plans and enhancing investor confidence.
The IPO will be managed by ICICI Securities and IIFL Capital Services as book-running lead managers. Their expertise in handling large offerings is expected to ensure smooth execution of the issue. Once listed, Laser Power & Infra aims to leverage its improved financial position and market visibility to pursue expansion and innovation.
With the Indian power infrastructure sector witnessing robust demand, the timing of this IPO appears strategic. By raising fresh capital and strengthening its balance sheet, Laser Power & Infra is positioning itself for sustained growth. The public offering is set to attract investors looking for opportunities in India’s fast-expanding energy and infrastructure landscape.
