This cable-maker eyes a ₹1,500cr IPO at valuation of ₹6,500cr
**This Cable-Maker Eyes a ₹1,500 Crore IPO at a Valuation of ₹6,500 Crore**
*Kolkata-based Laser Power and Infra Ltd (LPIL)*, a leading manufacturer of cables and conductors, is gearing up to file its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) this month. The company aims to raise between ₹1,200 crore and ₹1,500 crore through an initial public offering (IPO). With this move, LPIL hopes to achieve a valuation in the range of ₹5,500 crore to ₹6,500 crore.
### Company Evolution: A Look at the Firm
Founded by Deepak Goel, who brings over 30 years of experience in the cables and conductors industry, LPIL began as a small engineering unit. Over time, it has grown into a major player in the EPC segment. Today, the company manufactures and markets a wide range of wires, cables, conductors, and specialized transmission products for both domestic and export markets.
Apart from manufacturing, LPIL is actively involved in large-scale electrification projects, solidifying its presence in the power infrastructure sector.
### Major Projects Executed by LPIL
LPIL’s track record includes significant contributions to India’s electrification drive. The company has successfully:
– Electrified over 12,000 villages
– Commissioned 22,000 distribution transformers
– Upgraded 99 substations
– Laid more than 50,000 circuit kilometers of overhead lines
LPIL serves a diverse clientele, including several state and central power distribution companies as well as private sector clients. Notable customers include Power Grid Corporation of India Limited (PGCIL) and NTPC.
### Business Expansion and Financial Performance
Expanding its portfolio, LPIL is now venturing into water distribution infrastructure, diversifying its project base. The company currently has over 25 ongoing projects with a consolidated order book exceeding ₹3,500 crore.
In the financial year 2024 (FY24), LPIL reported revenue from operations of ₹1,621.23 crore, marking a substantial 31.4% increase from ₹1,233.91 crore in FY23. This robust growth has been driven by the company’s backward integration efforts, including aluminum rod casting and polymer compounding, which have enhanced operational efficiency.
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With its strong project pipeline, growing revenues, and strategic backward integration, LPIL’s upcoming IPO is closely watched by investors eyeing opportunities in the power infrastructure sector.
https://www.newsbytesapp.com/news/business/laser-power-and-infra-plans-1-500cr-ipo/story
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