Laser Power & Infra Files Draft Papers for IPO, Considers Pre-IPO Placement
Kolkata: Laser Power & Infra Limited (LPIL) has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO), the company announced today. The IPO will include a fresh issue of shares, alongside a potential pre-IPO placement of up to Rs 160 crore, which would proportionally reduce the size of the fresh issue.
Incorporated in 1988, LPIL manufactures power and telecom cables and caters to a diverse clientele including Indian railways, several Odisha state distribution companies, and private EPC players like Montecarlo Limited and KRYFS 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 2,570 crore in FY25, demonstrating a compound annual growth rate of approximately 40% as FY23, and recorded a profit after tax of Rs 106 crore.
IIFL Capital Services and ICICI Securities are serving as Book Running Lead Managers (BRLMs) for the IPO, which is anticipated to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). LPIL’s listed peers include Apar Industries, Polycab India, KEI Industries, Dynamic Cables, and Universal Cables.
