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Listed
Cables - Electricals
Laser Power & Infra Limited IPO
₹742 Cr · Fresh Issue & OFS · Cables - Electricals
Price Band
₹203 – ₹214
Lot: 1200 shares (₹256,800)
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 (93.7% CAGR over 2 years) and manageable leverage (D/E 1.1×), supported by reputed lead managers and 41× subscription. The primary risk is margin compression—NPM of 6.5% is below the 15% threshold, and FY0 revenue declined 9.5% year-on-year despite profit growth, signaling potential operational headwinds.
Listing Performance
Issue Price
₹214
Allotment price
Listing Price
₹269
+25.7% on listing day
Current Price (CMP)
₹290.15
+35.6% vs issue
Listed On
16 Jul 2026
BSE & NSE
Our Analysis — Key Points
✓ Strength
Exceptional profit growth trajectory
Net profit surged 93.7% over 2 years (₹40.4 Cr to ₹151.6 Cr), demonstrating strong operational leverage and cost management. This growth significantly outpaces the 15.4% revenue CAGR, indicating margin expansion and improved efficiency in the core business.
✓ Strength
Attractive valuation relative to peers
At 19.8× P/E, the company is valued at 0.86× the niche/unlisted sector midpoint of 23×, placing it in the Subscribe zone. The P/S ratio of 1.3× is also reasonable for a cables and electricals manufacturer with demonstrated profitability.
⚠ Risk
Revenue contraction in latest year
FY0 revenue fell 9.5% to ₹2,347.9 Cr from ₹2,592.5 Cr in FY-1, despite profit growth. This decline raises questions about market demand, pricing power, or potential one-time headwinds that may not be fully disclosed.
⚠ Risk
Thin net profit margins limit upside
NPM of 6.5% is well below the 15% threshold and leaves limited room for operational shocks or competitive pricing pressure. EBITDA margin of 12.96% suggests the company operates in a commoditized segment with structural margin constraints.
₹ Valuation
Fair valuation with modest premium justified
At 19.8× P/E against a 23× sector midpoint, the company is trading at a 14% discount. However, the 6.5% NPM does not justify a premium multiple, so the discount is appropriate and reflects fair value for a profitable, growing cables manufacturer.
👁 Watch
Monitor debt reduction and margin recovery
₹490 Cr of the ₹553 Cr net proceeds will be used for debt repayment, reducing D/E from 1.1× post-issue. Track whether the company can stabilize revenue and expand NPM back toward 8–10% in FY1–FY2 post-listing to justify the valuation.
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 (93.7% CAGR over 2 years) and manageable leverage (D/E 1.1×), supported by reputed lead managers and 41× subscription. The primary risk is margin compression—NPM of 6.5% is below the 15% threshold, and FY0 revenue declined 9.5% year-on-year despite profit growth, signaling potential operational headwinds.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
The minimum lot size is 1200 shares. At the upper band price of ₹214, the minimum investment per retail application is ₹256,800. You can apply for up to 13 lots (₹3,338,400) under the retail category (up to ₹2 lakh).
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 ₹290.15 (+35.6% vs issue).
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 13 Jul 2026. The minimum investment is ₹256,800 for one lot (1200 shares). The company trades at 0.86× sector midpoint with strong PAT growth (93.7% CAGR over 2 years) and manageable leverage (D/E 1.1×), supported by reputed lead managers and 41× subscription. The primary risk is margin compression—NPM of 6.5% is below the 15% threshold, and FY0 revenue declined 9.5% year-on-year despite profit growth, signaling potential operational headwinds.
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 minimum lot is 1200 shares at ₹214 each, costing ₹256,800 per application. 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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