Laser Power & Infra, a manufacturer of power cables and conductors, has submitted preliminary documents to the Securities and Exchange Board of India (SEBI) to raise ₹1,200 crore through an initial public offering (IPO).
The Kolkata-based company’s proposed IPO will consist of a fresh issuance of equity shares valued at ₹800 crore, along with an offer for sale (OFS) of equity shares amounting to ₹400 crore by its promoters, as detailed in the draft red herring prospectus (DRHP).
The promoters include Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. As part of the OFS, Deepak Goel will offer shares worth up to ₹225 crore, while Rakhi Goel and Devesh Goel plan to sell shares worth ₹50 crore and ₹125 crore, respectively.
The net proceeds from the fresh issue will be allocated towards the pre-payment or repayment of certain outstanding borrowings, estimated at ₹600 crore, with additional funds earmarked for general corporate purposes.
Founded in 1988, Laser Power & Infra derives a significant portion of its revenue from the sale of power cables and conductors, accounting for more than 72.25%, 87.43%, and 90.51% of revenue from operations for FY25, FY24, and FY23, respectively.
The company claims to be the fastest-growing manufacturer in its sector, highlighting strong manufacturing capabilities supported by strategically located facilities. In FY25, it reported revenues from operations of ₹2,570 crore, marking approximately a 40% compound annual growth rate (CAGR) since FY23, with a profit after tax of ₹106 crore.
IIFL Capital Services and ICICI Securities are serving as the book running lead managers for the offering.
Published on September 28, 2025.
