Kolkata-based Laser Power & Infra secured ₹222.6 crore from 15 anchor investors, including Nippon Life India and HDFC Mutual Fund, ahead of its ₹742 crore IPO. The public subscription opens on July 9, with funds primarily earmarked for debt repayment.
Laser Power & Infra, a Kolkata-headquartered manufacturer of power cables and conductors, has successfully raised ₹222.6 crore from 15 anchor investors. This anchor allocation, completed ahead of the company's initial public offering (IPO) scheduled to open on July 9, involved the distribution of approximately 1.04 crore equity shares at the upper price band of ₹214 per share.
The anchor investor list reflects strong participation from institutional players. A significant portion of the shares—totaling 76.63 lakh—was picked up by eight domestic mutual funds, including HDFC Mutual Fund, Nippon Life India, Kotak Mahindra AMC, and Mirae Asset. International participation included Societe Generale, while insurance companies such as Kotak Mahindra Life Insurance and Edelweiss Life Insurance also took part in the allocation.
IPO Structure and Debt Reduction Goals
The total IPO size stands at ₹742 crore, split between a fresh issue of shares worth ₹542 crore and an offer-for-sale component of ₹200 crore. The subscription window is set to remain open from July 9 through July 13. A critical detail for prospective investors is the planned use of capital; the company intends to direct ₹490 crore from the fresh issue proceeds toward the repayment of its existing debt, which was reported at ₹935.6 crore as of June 17, 2026. Reducing this leverage is a core objective of the capital raise, as high debt levels often restrict a company's financial flexibility and interest coverage ratios.
Operational Overview and Performance Trends
Laser Power & Infra maintains three manufacturing facilities in West Bengal, boasting a total installed capacity of 85,448 metric tons. Its business model spans two primary verticals: manufacturing of power cables and conductors, which accounted for 73% of revenue in the fiscal year ended 2026, and engineering, procurement, and construction (EPC) services, which contributed the remaining 27%. The EPC division specifically focuses on rural electrification and power distribution infrastructure projects.
While the company recorded a profit of ₹151.6 crore for the fiscal year ended 2026—a 42% increase compared to the prior year—investors may note that its top-line performance saw a 9.5% decline, with revenue settling at ₹2,326 crore. This divergence between revenue and profit growth suggests a focus on operational efficiency or changes in product mix. Moving forward, shareholders will likely monitor the company’s ability to manage its remaining debt post-IPO and the execution pace of its EPC project pipeline, as both factors are essential for sustainable growth in the capital-intensive power infrastructure sector.