Laser Power & Infra Ltd Share Price – NSE  / BSE

Cables, Small Cap

Laser Power & Infra has received a Letter of Intent (Lol) from Himachal Pradesh State Electricity Board (HPSEBL), a Government undertaking, for the supply and installation of High Temperature Low Sag (HTLS) conductors under a turnkey reconductoring project aimed at improving power supply reliability in the Nalagarh Electrical Division, Himachal Pradesh.

The project entails replacing conventional conductors with advanced HTLS conductors that significantly enhance transmission capacity while utilizing the existing tower infrastructure. By enabling utilities to carry substantially higher current without requiring additional right-of-way or tower replacement, reconductoring offers a faster, more cost- effective and sustainable approach to strengthening the power transmission network.

The order, valued at approximately Rs 4.15 crore, represents Laser's first commercial deployment of advanced conductor technology under its manufacturing agreement with TS Conductor Corp., USA, executed in March 2025. The project will utilize Aluminium Encapsulated Carbon Core Conductors (AECC) manufactured by Laser in India using TS Conductor's proprietary pre-tensioned carbon fibre composite core technology.

The stock debuted at Rs 269, marking a premium of 25.7% to the issue price.

So far, the stock has hit a high of Rs 269 and a low of Rs 250. On the BSE, over 54.56 lakh shares of the company were traded in the counter so far.

The initial public offer of Laser Power & Infra was subscribed 38.94 times. The issue opened for bidding on 9 July 2026 and closed on 13 July 2026. The price band of the IPO was fixed between Rs 203 and 214 per share.

The issue comprised both an offer for sale and a fresh issue of equity shares (of Rs 5 face value) worth an aggregate of Rs 200 crore and Rs 542 crore, respectively. The entire portion of the offer for sale is by promoters, i.e., Deepak Goel (Rs 112.5 crore), Rakhi Goel (Rs 25 crore), and Devesh Goel (Rs 62.5 crore).

Of the net proceeds, the company proposed to utilize Rs 490 crore towards repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company and balance towards general corporate purposes.

Laser Power & Infra is an integrated manufacturer of power and control cables, conductors, and specialty electrical products, along with providing EPC solutions for the power transmission and distribution sector. The company operates three manufacturing facilities in West Bengal and has executed power infrastructure projects across India and overseas. It serves government utilities, Indian Railways, discoms, and private EPC players, with a strong presence in East India. As of March 31, 2026, its order book stood at Rs 3,243.4 crore, spanning both manufacturing and EPC businesses. Its outstanding borrowings end of 17 June 2026 stood at Rs 935.67 crore.

Ahead of the IPO, Laser Power & Infra, on 08 July 2026, raised Rs 222.59 crore from anchor investors. The board allotted 1.04 crore shares at Rs 214 each to 19 anchor investors.

The firm reported a consolidated net profit of Rs 151.59 crore and sales of Rs 2,326.10 crore for the twelve months ended on 31 March 2026.

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The equity shares of Laser Power & Infra (Scrip Code: 544822) are listed effective 16 July 2026 and admitted to dealings on the exchange in the list of ''B'' group securities. The stock opened at Rs 269, a premium of 25.70% compared to issue price of Rs 214.