Bengaluru, September 29, 2025 –Kolkata headquartered Laser Power & Infra Limited (LPIL), an integrated manufacturer of power cables, conductors and specialised products and components to the power transmission and distribution industry has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs. 1200 crore through an initial public offering (IPO).
According to the DRHP, the proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs. 800 crore and an offer for sale (OFS) of equity shares aggregating up to Rs. 400 crore by the Promoter Selling Shareholders. The Promoters of the company are Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel. As part of the OFS, Deepak Goel, Rakhi Goel and Devesh Goel will offer equity shares aggregating up to Rs. 225 crore, Rs. 50 crore and Rs. 125 crore, respectively.
LPIL proposes to utilize the Net Proceeds of the Fresh Issue towards pre-payment or re-payment, in full or in part, of certain outstanding borrowings worth Rs. 600 crore and a portion would be earmarked for general corporate purposes.
Incorporated in 1988, LPIL which operates two key business segments of Manufacturing and EPC serves clients like Indian Railways, various distribution companies including TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, TP Northern Odisha Distribution Limited, TP Southern Odisha Distribution Limited and private EPC players such as Montecarlo Limited, KRYFS Power Components Limited etc.
LPIL operates three manufacturing units located at West Bengal having a combined installed capacity of 73,100 MT, as of March 31, 2025.
In FY25, the company reported revenue from operations at Rs. 2,570 crore, recording ~40% CAGR from FY23. The FY25 profit after tax (PAT) stood at Rs. 106 crore.
The Indian electrical wires and cables, power conductors, and signal cables industry has witnessed significant growth in recent years, driven by increasing demand from various sectors such as infrastructure, construction, and telecommunications. The industry is expected to grow due to ongoing infrastructure development projects, surge in construction activities, increasing digital connectivity, railway electrification, smart grid investments, ongoing government schemes in power segment as well as export demand.
Apar Industries, Polycab India, KEI Industries, Dynamic Cables and Universal Cables are the listed peers of the company as per the DRHP.
IIFL Capital Services Limited and ICICI Securities Limited are the book running lead managers (BRLMs) to the offer.
