Laserpower and Infra set to submit design papers in SEP; Eyes RS 1500-CRORE IPO

Laser Power and Infra LTD, manufacturer of cable and conductors, is in itself this month to submit his provisional papers with Market regulator Sebi to increase everywhere between RS 1,200 Crore and RS 1500 Crore via a first public offer (IPO), people who are familiar with the matter.

With this, the company established in Kolkata focuses on a valuation of RS 5,500-6,500 crore, they added.

Laser Power and Infra LTD (LPIL), which has built up an important presence in the EPC segment, started as a small engineering unit and has since been extended to the production and marketing of a wide range of wires, cables, conductors and specialized transmission products for domestic and foreign markets. The company is also active in large -scale electrification projects.

LPIL is led by founder and promoter Deepak Goel, who has more than three decades of experience in the cables and conductors. Over the years, the company has carried out projects that include electrification of more than 12,000 villages, put 22,000 distribution transformers in operation, renovating 99 substations and more than 50,000 circuit kilometers of over lines are laid.

According to its website, LPIL provides provisions to various national and central energy distribution companies, in addition to customers in the private sector. The portfolio includes entities such as PGCIL and NTPC, West Bengal State Electricity Distribution Co. Ltd. (WBSEDCL) and private players such as Tata Power’s Odisha Distribution Companies, Tata Steel and Jakson.

The company also diversifies to new areas, including water distribution infrastructure, and has more than 25 current projects with a consolidated order book of more than RS 3,500 Crore. Financially LPIL RS reported 1,621.23 CRORE in income from activities in FY24, a growth of 31.4 percent compared to RS 1.233.91 Crore in FY23, according to Acuite Rating Report. The branch source that was familiar with the company noted that the expansion of LPIL was supported by the backward integration in aluminum rod Gieten, polymer connections and internal packaging.

The company also works with TS conductor in the US to bring advanced conductor technology to India. With a production capacity of approximately 70,000 tons per year, it has room to further scale up.

On the list, LPIL will join established colleagues in the sector such as Polycab India, Kei Industries, Apar Industries, RR Kabel, Finolex cables and universal cables, which have attracted strong investors in the midst of the infrastructure and production of India.

The wider threads and cable industry have been steadily expanded.

According to the Red Herring Prospectus of JD cables, which is underway a public offer, the Indian market was valued at USD 9.32 billion in 2024 and is expected to grow from USD 10.01 billion in 2025 to USD 17.08 billion in 2032.