Laser Power & Infra has announced an IPO price band of ₹203 to ₹214 per share to raise ₹3,000 crore. The funds will primarily support research and development for smart grids, EV charging, and power infrastructure expansion. The IPO opens for public bidding this Thursday, with anchor investor bidding starting Wednesday.
Laser Power & Infra, an integrated manufacturer in the power transmission and distribution sector, has officially set its initial public offering (IPO) price band between ₹203 and ₹214 per equity share. The company aims to raise a total of ₹3,000 crore through this offering, which includes a fresh equity issuance of ₹742 crore. Interested investors can bid for a minimum lot size of 70 shares, with additional bids required in multiples of 70.
Use of Proceeds and Growth Strategy
The fresh capital is earmarked for strengthening the company's research and development initiatives. Management intends to focus on creating new products for smart grid cabling and electric vehicle charging infrastructure. By investing in these technology-led areas, the company aims to move toward higher-value products and reduce its dependence on traditional power cable manufacturing. This strategy is also intended to improve its competitive standing in both the domestic and international power infrastructure markets.
Financial Context and Order Book
For investors evaluating the company, the recent growth in its order book provides a view into its business scale. The company reported an order book of ₹3,244 crore as of the end of fiscal year 2026, marking a substantial increase from the ₹1,712 crore reported in fiscal year 2023. This backlog is currently split between the manufacturing division at ₹1,669 crore and the engineering, procurement, and construction (EPC) segment at ₹1,575 crore. The company currently maintains operations across 26 states and four Union Territories in India.
Business Risks and Considerations
The power and EPC sectors are often influenced by the pace of government infrastructure spending, raw material price fluctuations, and project execution timelines. As an EPC player, the company faces the risk of cost increases or project delays, which can impact profit margins. Furthermore, the effectiveness of the proposed investment in research and development will depend on the company's ability to successfully commercialize new technologies like smart cabling and EV infrastructure. Investors may want to track the actual deployment of these funds and the company's ability to maintain its margin levels as it expands its product portfolio.
The anchor investor bidding for the IPO is scheduled to commence this Wednesday, followed by the public opening on Thursday. Key updates to monitor post-listing will include the pace of order book execution, the company's debt management after the new capital infusion, and its ability to secure new contracts within the evolving smart grid and EV infrastructure space.