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Laser Power & Infra files preliminary papers with SEBI to raise ₹1,200 crore through IPO
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Laser Power & Infra, a power cables and conductors maker, has filed its preliminary papers with markets regulator SEBI to raise ₹1200 crore through an initial public offering (IPO).
The proposed IPO of the Kolkata-based company would be a combination of a fresh issue of equity shares worth ₹800 crore and an offer for sale (OFS) of equity shares valued at ₹400 crore by promoters, according to the draft red herring prospectus (DRHP).
The promoters of the company are Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel.
As part of the OFS, Deepak Goel, Rakhi Goel and Devesh Goel will offer equity shares aggregating up to ₹225 crore, ₹50 crore and ₹125 crore, respectively.
In FY25, the company reported revenue from operations at ₹2,570 crore, recording around 40 per cent CAGR from FY23.