Mumbai: Kolkata-based Laser Power & Infra Limited (LPIL) will open its ₹742 crore Initial Public Offering (IPO) for subscription on July 9, with the issue closing on July 13. The company manufactures power cables, conductors, and specialized products for the power transmission and distribution sector.
The IPO comprises a fresh issue of equity shares worth ₹542 crore and an Offer for Sale (OFS) of shares worth up to ₹200 crore by the promoter shareholders. Of the proceeds from the fresh issue, around ₹490 crore will be utilized for the repayment or prepayment of the company’s outstanding borrowings, while the remaining funds will be used for general corporate purposes.
LPIL operates three manufacturing facilities in West Bengal with a combined production capacity of 85,448 metric tonnes. For the financial year 2025–26, the company reported revenue of ₹2,326 crore and a net profit of ₹151 crore. As of March 31, 2026, its order book stood at ₹3,243 crore. The company supplies products to several government and private organizations, including Indian Railways.
According to industry experts, the cable and wire industry is expected to witness strong growth, driven by increasing investments in power infrastructure, railway electrification, and smart grid projects across India.