Company Overview

Business Description: The company was originally incorporated as 'Laser Cables Private Limited' on January 7, 1988, in Kolkata, West Bengal. It was converted to a public limited company and renamed 'Laser Power & Infra Limited' effective September 8, 2025. The company operates in the infrastructure sector, though specific business operations are not detailed in this addendum.

Subsidiaries: Not specified in the provided data.

Offer Details

Offer Type: Initial Public Offering (IPO)

Offer Size: Up to ₹7,420.00 million comprising:

  • Fresh Issue: Up to ₹5,420.00 million
  • Offer for Sale: Up to ₹2,000.00 million by promoter selling shareholders:
  • Deepak Goel: Up to ₹1,125.00 million
  • Rakhi Goel: Up to ₹250.00 million
  • Devesh Goel: Up to ₹625.00 million

Price Band: Not specified in the addendum (to be determined)

Objects of the Issue:

  • Pre-payment or repayment of certain outstanding borrowings availed by the company
  • General corporate purposes

Financials

Key Financials: Not provided in the addendum (refer to main DRHP)

Capital Structure:

  • Equity shares outstanding prior to the offer: 115,041,240 equity shares of face value ₹5 each
  • Post-offer equity shares: To be determined based on final allotment

Use of Proceeds

Fund Utilization Breakdown:

1. Pre-payment or repayment of borrowings: ₹4,900.00 million

2. General corporate purposes: Amount to be finalized (not to exceed 25% of gross proceeds)

Net Proceeds Calculation:

  • Gross proceeds from Fresh Issue: ₹5,420.00 million
  • Less: Offer-related expenses: To be determined
  • Net Proceeds: To be finalized after determination of Offer Price

Risk Factors

Business Risks: Not detailed in this addendum (refer to main DRHP)

Market Risks: Not detailed in this addendum (refer to main DRHP)

Regulatory Risks: The company must comply with SEBI ICDR Regulations, Companies Act 2013, and other applicable laws. Any variation in utilization of net proceeds requires special resolution of shareholders.

Management & Promoters

Promoter Background: The promoters are Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel.

Shareholding Pattern:

  • Pre-IPO: Not specified in detail
  • Post-IPO: To be determined based on allotment

Management Team: Debendra Banthiya serves as Company Secretary and Compliance Officer.

Market & Industry

Industry Overview: Not detailed in this addendum (refer to main DRHP)

Competitors: Not specified in the addendum

Market Growth Prospects: Not detailed in this addendum (refer to main DRHP)

Legal & Compliance

Ongoing Legal Proceedings: Not mentioned in the addendum

Regulatory Approvals:

  • SEBI approval received on May 22, 2026 for reduction of offer size
  • ROC registration required for final prospectus
  • Stock exchange approvals required for listing

Additional Offer Details:

  • The company may consider a pre-IPO placement of up to ₹1,080.00 million
  • Anchor investor portion may comprise up to 60% of QIB category
  • Offer expenses estimated approximately [●] million, to be shared between company and selling shareholders
  • Monitoring agency will be appointed to monitor utilization of gross proceeds
  • Equity shares will not be registered under US Securities Act of 1933

Borrowings to be Repaid:

The company has identified specific borrowings totaling ₹5,079.07 million (as of May 20, 2026) from various banks that are proposed to be repaid from the net proceeds, including facilities from HDFC Bank, Federal Bank, Yes Bank, IndusInd Bank, IDFC First Bank, and CSB Bank.

Timetable:

  • Bid/Offer opening date: [●]
  • Bid/Offer closing date: [●]
  • Anchor investor bidding date: One working day prior to bid/offer opening date