Laser Power & Infra Limited has launched an initial public offering of equity shares aggregating to ₹742 crore, comprising a fresh issue of ₹542 crore and an offer for sale of 9,345,793 equity shares aggregating to ₹200 crore by its Promoter Selling Shareholders. Trilegal acted for the company and the promoter group, while DSK Legal advised the book running lead managers. The deal marks a significant moment for one of India’s integrated power cable and conductor manufacturers making its maiden entry onto the public markets.
Introduction
The IPO comprises a fresh issue aggregating to ₹542 crore and an offer for sale of 9,345,793 equity shares by Deepak Goel, Rakhi Goel, and Devesh Goel (Promoter Selling Shareholders) aggregating to ₹200 crore. The IPO was open for subscription from July 9 to 13, 2026, on BSE and NSE, with IIFL Capital Services Limited and ICICI Securities Limited acting as the book running lead managers.
Laser Power & Infra Limited is engaged in the manufacturing of power cables, conductors, and specialised electrical products serving India’s power transmission and distribution sector, offering integrated solutions to support the country’s growing power infrastructure requirements, and has also expanded into the engineering, procurement, and construction (EPC) segment. The company filed its DRHP with SEBI on September 27, 2025.
Deal Value
The Laser Power & Infra IPO is a 100% book-built issue with a total offer size of ₹742 crore, which includes a fresh issue of up to ₹542 crore and an offer for sale of up to ₹200 crore, with a face value of ₹5 per share. The price band was set at ₹203–₹214 per share, with the IPO open from July 9 to July 13, 2026. The company will deploy the proceeds from the IPO for repaying debts and supporting expansion plans.
Legal Teams Involved
Trilegal — Advised Laser Power & Infra Limited and the Promoter Selling Shareholders
The transaction was led by:
- Abhinav Maker — Partner
- Maniya Goyal — Senior Associate
- Varda Saxena — Associate
- K Prashant Agarwal — Associate
DSK Legal — Advised IIFL Capital Services Limited and ICICI Securities Limited (Book Running Lead Managers)
DSK Legal advised IIFL Capital Services Limited and ICICI Securities Limited, the book running lead managers on this IPO. The firm’s scope of work included conducting due diligence; reviewing the DRHP, RHP, and the final Prospectus for filing with SEBI, Stock Exchanges, and the Registrar of Companies; reviewing responses to queries from SEBI, Stock Exchanges, and Depositories until the completion of all activities relating to the public offering; drafting and reviewing consent letters and certificates taken from all intermediaries; and drafting, reviewing, and negotiating all agreements relating to the offer.
The transaction team consisted of:
- Akanksha Dubey — Associate Partner
- Forum Vadgama — Associate
- Mahadevan J — Associate
- Harshita Dhelia — Associate
- Kaishena Chauhan — Associate
- Siddharth Bharadwaj — Associate
Relationship and engagement partners for the transaction:
- Ajay Shaw — Partner
- Avinash Poojari — Partner
Significance and Impact
Laser Power & Infra Limited was incorporated in 1988 in Kolkata, West Bengal, as a private limited company under the name “Laser Cables Private Limited”, and in September 2025 the company transformed into a public limited company to proceed with its public listing procedures. This IPO represents the company’s maiden entry onto India’s public capital markets, making it a landmark transaction in the company’s corporate history.
Laser Power & Infra Limited finalised its anchor investor allocation on July 8, 2026, raising ₹222.60 crore from 19 institutional investors at an anchor price of ₹214 per share. The anchor book comprised 1,04,01,867 equity shares, reflecting strong institutional participation across domestic mutual funds, life insurance companies, and foreign portfolio investors, with domestic mutual funds receiving the largest share at 73.67% of the anchor allocation.
The transaction also highlights the growing legal advisory market around India’s power infrastructure sector. For a broader view of law firm activity on Indian capital markets deals, see the Deal Meter.
The Laser Power & Infra ₹742 crore IPO, with Trilegal advising the issuer and promoter group and DSK Legal advising the book running lead managers, reflects sustained deal flow in India’s capital markets and power infrastructure space. Laser Power & Infra operates three manufacturing facilities in West Bengal with a combined installed production capacity of 73,100 MT as of March 31, 2025. The successful completion of this offering, anchored by strong institutional interest, underscores investor confidence in the country’s power transmission and distribution sector.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
