Laser Power & โคInfra โFiles Draft โPapers โขfor IPO, Considers Pre-IPO Placement
Kolkata: Laser Power & Infra Limited (LPIL) has filed draft papers with the โSecurities and Exchange Board of India (Sebi) for anโ initialโฃ public offering (IPO), the company announced today. The IPO will include a fresh issue of shares, alongside a potential pre-IPOโ placement of up to โRs 160 crore, which would proportionally โคreduce the size of โฃtheโ fresh issue.
Incorporated in 1988, LPIL manufactures power โand telecom cables and caters to aโ diverse clientele includingโค Indian railways, several โOdisha โstate distribution companies, and private EPC players like Montecarlo Limited and KRYFSโข Power Components Limited. The company operates three manufacturing units in West Bengal with a combined installed capacity of 73,100 metric tonnes. LPIL reported revenue of Rs โ2,570 crore โคin FY25, โขdemonstrating a compound annual growth โคrate of approximately 40% as FY23, and recorded a profit after tax of Rs โค106 crore.
IIFL โคCapitalโ Services and ICICI Securities areโ serving as Book โขRunningโ Lead Managers (BRLMs) for the IPO, which is anticipated to list on both the Bombay Stock Exchange (BSE) andโ the National Stock Exchange (NSE). LPIL’s listed peers โinclude Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Universal Cables.