Laser Power and Infra, Indo MIM, and Others File IPO Papers Amid Market Momentum

The buoyant Indian primary market is set to see another wave of public offerings as four companies—Laser Power and Infra Ltd (LPIL), Indo MIM Ltd, Behari Lal Engineering Ltd, and Alcobrew Distilleries India Ltd—have submitted draft papers with the Securities and Exchange Board of India (SEBI). Together, these firms aim to raise over ₹2,200 crore, tapping into the strong investor appetite for industrial, engineering, and consumer businesses.

Laser Power and Infra Ltd Seeks ₹1,200 Crore

Kolkata-based LPIL, a manufacturer of cables and conductors, has filed for an initial public offering (IPO) worth ₹1,200 crore. The issue will consist of a fresh equity issue of ₹800 crore and an offer for sale (OFS) of ₹400 crore by promoters Deepak, Rakhi, and Devesh Goel. The company may also consider a pre-IPO placement of up to ₹160 crore, which would reduce the fresh issue size accordingly.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Proceeds from the fresh issue are earmarked mainly for debt repayment of ₹600 crore, with the balance set aside for corporate purposes. Founded in 1988, LPIL operates across manufacturing and engineering, procurement, and construction (EPC). With three facilities in West Bengal and a capacity of 73,100 metric tonnes, it supplies to Indian Railways, regional power distribution companies, and private players such as Montecarlo Ltd.

For FY25, the company reported revenues of ₹2,570 crore and net profit of ₹106 crore, reflecting strong year-on-year growth. Once listed, LPIL will join established peers including Polycab India, KEI Industries, and Finolex Cables.

Indo MIM Targets ₹1,000 Crore

Bengaluru-headquartered Indo MIM, described as the world’s largest producer of precision-engineered components using metal injection moulding, plans to raise ₹1,000 crore through fresh equity, alongside a secondary share sale. The funds will largely go towards loan repayment of about ₹720 crore and general corporate needs.

Founded in 1996, Indo MIM operates 15 facilities across India, the U.S., the U.K., and Mexico, serving sectors such as automotive, defence, aerospace, and healthcare. In FY25, it reported revenue of ₹3,329 crore and profit after tax of ₹423 crore.

Behari Lal Engineering and Alcobrew Distilleries Join the Queue

Punjab-based Behari Lal Engineering has proposed a fresh issue of ₹110 crore and an OFS of 78.54 lakh shares. The company manufactures alloy steel, castings, and rolls, supplying both domestic and international clients. Its FY25 revenue stood at ₹508 crore with profit after tax at ₹53 crore.

Alcobrew Distilleries India Ltd, a liquor manufacturer with brands such as Golfer’s Shot and White & Blue, seeks to raise about ₹258 crore via a mix of fresh issue and OFS. The company, which operates plants in Himachal Pradesh and Punjab, reported FY25 revenue of ₹1,615 crore and profit of ₹69.45 crore. It exports to over 20 countries, strengthening its global footprint.

Industry Outlook

India’s upcoming IPO market remains buoyant, supported by infrastructure growth, industrial expansion, and strong domestic demand. Analysts note that the participation of well-established companies from diverse sectors highlights investor confidence in India’s long-term growth story.

Conclusion

The filings by LPIL, Indo MIM, Behari Lal Engineering, and Alcobrew Distilleries reflect the robust momentum in India’s capital markets. By using proceeds to reduce debt and fund expansion, these companies aim to strengthen their balance sheets while tapping into one of the most active IPO markets globally.