Laser Power IPO Set at Competitive Discount, Brokerages Urge Investors to ‘SUBSCRIBE’
The Laser Power IPO, which opened for subscription on July 9 and will close on July 13, has attracted significant attention due to its INR 742 crore valuation and a unified endorsement from major brokerages. Priced between INR 203 and INR 214 per share, the issue includes both fresh and offer-for-sale components, aimed at raising INR 490 crore for existing debt repayment. With a post-issue market capitalization of approximately INR 3,004 crore, the company is set to list on July 16, a milestone heralded as part of a favorable capital expenditure cycle in the Indian market.
Market sentiment, as reflected in the grey market, has been strongly positive, with leading brokerages recommending a ‘Subscribe’ or ‘Subscribe for Long-Term’ approach based on various factors, including a robust order book of INR 3,243.4 crore and a 1.4x book-to-bill ratio as of FY26. Analysts project a notable growth trajectory for the company, particularly as it capitalizes on its mining expertise and localized relationships to eliminate barriers to entry in challenging terrains like Eastern and North-Eastern India. This sentiment underscores Laser Power’s integrated business model, where backward integration enhances cost efficiency and supply-chain reliability.
For Indian investors, the Laser Power IPO represents not only a promising investment opportunity but also alignment with the broader growth narrative within the Indian power and infrastructure sectors. Brokerages emphasize the potential for long-term profitability driven by a substantial order backlog and ongoing capital investment in electrification projects across the nation. With an eye on the country’s expected growth in the wires and cables market from INR 78,700 crore in FY20 to an anticipated INR 2,55,000 crore by FY30, investors with a multi-year horizon may find this IPO particularly compelling amid the evolving landscape of Indian infrastructure development.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)