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Listed
Cables - Electricals
Laser Power & Infra Limited IPO
₹742 Cr · Fresh Issue & OFS · Cables - Electricals
Price Band
₹203 – ₹214
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹742 Cr
Fresh Issue & OFS
Market Cap
₹3003.88 Cr
At upper band
P/E Ratio
19.8x
P/S: 1.3x
Listing Date
16 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
09 Jul 2026
✓
Closes
13 Jul 2026
✓
Allotment
14 Jul 2026
✓
Refund
15 Jul 2026
✓
Listing
16 Jul 2026
IPO India Hub: Subscribe
Conviction
7/10
The company trades at 0.86× sector midpoint with strong PAT growth of 93.7% CAGR over two years, supported by reputed lead managers and 41× subscription. Key risk is modest NPM of 6.5% and revenue contraction in FY0, which warrant post-listing monitoring of margin sustainability.
Listing Performance
Issue Price
₹214
Allotment price
Listing Price
₹269
+25.7% on listing day
Current Price (CMP)
₹207.2
-3.2% vs issue
Listed On
16 Jul 2026
BSE & NSE
Our Analysis — Key Points
✓ Strength
Exceptional profit growth trajectory
Net profit surged from ₹40.4 Cr (FY-2) to ₹151.6 Cr (FY0), delivering a 93.7% PAT CAGR over two years. This sharp earnings expansion significantly outpaces revenue growth of 15.4%, indicating operational leverage and improving cost control in the cables and electricals segment.
✓ Strength
Valuation discount to sector peers
At 19.8× P/E, the company is priced at 0.86× the niche/unlisted sector midpoint of 23×, placing it in the Subscribe zone. The 41.05× subscription and strong lead manager backing (IIFL Capital and ICICI Securities) validate investor confidence at this valuation.
⚠ Risk
Revenue contraction in latest year
Revenue declined from ₹2592.5 Cr (FY-1) to ₹2347.9 Cr (FY0), a 9.4% drop that contradicts the two-year CAGR narrative. This reversal raises questions about market demand, competitive pressures, or project execution delays in the cables sector.
⚠ Risk
Thin net profit margins limit cushion
NPM of 6.5% is below the 15% threshold that would justify premium valuations, leaving limited room for cost inflation or pricing pressure. EBITDA margin of 12.96% also suggests the company operates in a competitive, low-margin business with execution risk.
₹ Valuation
Fair valuation with modest margin buffer
P/E of 19.8× sits at 0.86× sector midpoint, well within the Subscribe threshold of ≤1.0×. However, the P/S ratio of 1.3× and NPM of 6.5% indicate the company is not trading at a deep discount; valuation is fair rather than compelling.
👁 Watch
Post-listing revenue and margin trends
Monitor quarterly revenue trajectory closely to confirm whether FY0 contraction was cyclical or structural. Sustained margin improvement and return to revenue growth are critical to justify the 19.8× multiple and validate the 93.7% PAT CAGR as repeatable.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Laser Power & Infra Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹2326.10 Cr
Net Profit
₹151.59 Cr
Industry
Cables - Electricals
Issue Type
Fresh Issue & OFS
Promoters
DEEPAK GOEL, DEVESH GOEL, AKSHAT GOEL AND RAKHI GOEL
Lead Managers
IIFL Capital & ICICI Securities
Quick Actions
Frequently Asked Questions
Subscribe. The company trades at 0.86× sector midpoint with strong PAT growth of 93.7% CAGR over two years, supported by reputed lead managers and 41× subscription. Key risk is modest NPM of 6.5% and revenue contraction in FY0, which warrant post-listing monitoring of margin sustainability.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
Lot size details will be updated when the DRHP is filed. The price band is ₹203 – ₹214.
The IPO opens on 09 Jul 2026. It closes on 13 Jul 2026. Allotment is expected on 14 Jul 2026. Refunds initiate on 15 Jul 2026. Listing on BSE and NSE is on 16 Jul 2026.
The lead managers for the IPO are IIFL Capital & ICICI Securities. Check the SEBI filing for the registrar details.
The IPO listed on 16 Jul 2026 at ₹269 against an issue price of ₹214 (+25.7% on listing day). The current market price (CMP) is approximately ₹207.2 (+-3.2% vs issue).
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 13 Jul 2026. The company trades at 0.86× sector midpoint with strong PAT growth of 93.7% CAGR over two years, supported by reputed lead managers and 41× subscription. Key risk is modest NPM of 6.5% and revenue contraction in FY0, which warrant post-listing monitoring of margin sustainability.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 13 Jul 2026. The IPO is priced at a P/E of 19.8x. Market cap at issue price is ₹3003.88 Cr. As with all IPOs, please read the DRHP and assess your own risk tolerance before investing.
You can apply via UPI through your broker's trading app (Zerodha, Upstox, Fyers, etc.) or via ASBA through your net banking portal. The issue closes on 13 Jul 2026, so apply before that date. Step 1: Log in to your broker or bank app. Step 2: Go to IPO section and search for 'Laser Power & Infra Limited'. Step 3: Enter the number of lots and UPI ID. Step 4: Accept the mandate on your UPI app.
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