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Laser Power IPO Fully Subscribed: Bids Match Shares Offered
10 Jul
Summary
- Laser Power IPO subscribed 1.00 times with bids matching shares offered.
- The company aims to raise Rs 742 crore through its initial public offering.
- Proceeds will primarily repay outstanding borrowings totaling Rs 935.67 crore.
Laser Power & Infra's initial public offering concluded on July 10, 2026, fully subscribed with bids equaling the 2.55 crore shares available. The company raised Rs 222.59 crore from anchor investors on July 9, 2026. The IPO, which opened for bidding on July 9, 2026, and closed on July 13, 2026, includes a fresh issue and an offer for sale, collectively aiming to raise Rs 742 crore.
Funds from the IPO are designated for repaying outstanding borrowings, which amounted to Rs 935.67 crore by June 17, 2026. The company plans to use approximately Rs 490 crore for debt reduction, with the remainder allocated to general corporate purposes. Laser Power & Infra, an established manufacturer of power and control cables and provider of EPC solutions for power transmission and distribution, operates three facilities in West Bengal.
The company reported a consolidated net profit of Rs 151.59 crore and sales of Rs 2,326.10 crore for the fiscal year ending March 31, 2026. As of March 31, 2026, Laser Power & Infra held an order book valued at Rs 3,243.4 crore, encompassing both its manufacturing and EPC business segments.
