Laser Power & Infra files draft papers to raise Rs 1,200 crore via IPO

Laser Power & Infra IPO News

West Bengal-based power cable and conductors manufacturer Laser Power & Infra has approached capital markets on September 27 as it is planning to raise Rs 1,200 crore via initial public offering for reducing debt burden.

The company proposed to issue fresh shares worth Rs 800 crore, while promoters will sell shares amounting to Rs 400 crore via offer-for-sale.

As a part of fresh issue, Laser Power may consider raising funds up to Rs 160 crore before the IPO launch, i.e. pre-IPO round.

The company intends to utilise Rs 600 crore of fresh issue proceeds for repayment of its certain borrowings, which ultimately resulted into significant debt reduction as its total outstanding borrowings were Rs 702.6 crore till September 12 this year.

Further, the remainder fresh issue funds will be used for general corporate purposes.

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Laser Power manufactures power cables, conductors and other specialised products and components for the power transmission and distribution industry operating three manufacturing units in West Bengal, with combined capacity of 73,100 MT.

The financial performance of the company has been strong in the recent past years. Profit in the year ended March 2025 surged 164.2 percent to Rs 106.8 crore, up from Rs 40.4 crore in previous year. Revenue during the same period increased by 47 percent to Rs 2,570.4 crore, up from Rs 1,747.6 crore.

Laser Power, which competes with several listed peers like Polycab India, KEI Industries, Dynamic Cables, and Universal Cables, had order book of Rs 1,044.8 crore in the manufacturing segment and Rs 1,968.8 crore in the EPS business as of August 2025.

The book running lead managers appointed for managing the Laser Power & Infra IPO are IIFL Capital Services, and ICICI Securities.