Laser and Sheet Metal Processing Solutions Provider Laser Technologies Limited Files DRHP with NSE Emerge

Laser Technologies Limited (“the Company”), an integrated laser and sheet metal processing solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with the EMERGE Platform of National Stock Exchange of India Limited (NSE Emerge) for an initial public offering of up to 1,07,00,000 equity shares of face value ₹5 each.

The Issue is entirely a fresh issue of equity shares, with no offer for sale component. The Net Proceeds are proposed to be utilised towards capital expenditure for setting up a proposed manufacturing facility at Chakan, Pune, Maharashtra (up to ₹239.82 lakhs), repayment or prepayment, in full or part, of certain borrowings (up to ₹1,404.04 lakhs), funding working capital requirements (up to ₹3,077.39 lakhs) and general corporate purposes.

Book Running Lead Manager: GYR Capital Advisors Private Limited
Registrar to the Issue: Bigshare Services Private Limited
Proposed Listing: EMERGE Platform of National Stock Exchange of India Limited (NSE Emerge)

Issue Structure

• Total Issue Size: Up to 1,07,00,000 equity shares of face value ₹5 each
• Fresh Issue: Up to 1,07,00,000 equity shares (100% fresh issue; no offer for sale)
• Market Maker Reservation Portion: Not less than 5% of the Issue
• QIB Portion: Not more than 50% of the Net Issue, of which up to 60% may be allocated to Anchor Investors
• Non-Institutional Investors: Not less than 15% of the Net Issue
• Individual Investors: Not less than 35% of the Net Issue
• Pre-Issue Equity Shares: 2,13,00,000 equity shares, of which the Promoters hold 99.99%

Key Business Information

• Business model: Operations span five segments: Distribution (73.09% of FY2026 revenue from operations), Assembly, Contract Manufacturing, Services and Spare Parts. Machinery is sourced from principal suppliers in China, Germany and the USA, welding and marking machines are assembled under the Company’s own “PhotonX” brand, and CNC press brakes are contract manufactured to the Company’s designs.
• Customer base: Served over 3,000 customers across India and overseas as on the date of the DRHP. Repeat customers contributed 73.28% of revenue from operations in FY2026, while the top ten customers contributed 22.09%, compared with 38.00% in FY2024.
• Order book: As on September 15, 2026, the order book comprised 109 orders aggregating to ₹4,024.80 lakhs.
• Service network and aftermarket: Sales and service offices in Navi Mumbai, Pune, Ahmedabad and Gurugram, with over 70 service engineers across India and in-house repair capabilities for laser sources and cutting heads. Revenue from the Services and Spare Parts segments was ₹2,367.73 lakhs in FY2026 (13.10% of revenue from operations), compared with ₹1,517.83 lakhs (8.68%) in FY2024.
• Skill development: Operates “Laser Gurukul”, an in-house training academy for laser machine operators and engineers, and has a Memorandum of Understanding dated April 26, 2025 with the Department of Mechanical Engineering, Dr. Vishwanath Karad MIT World Peace University, Pune.
• Promoters: Rakesh Kumar Agarwal (Chairman and Managing Director; 15 years in the laser systems and technology industry) and Pankti Rakesh Kumar Agarwal (Whole Time Woman Director; 10 years in the laser industry). The Company had 163 employees as of August 31, 2026.
• Financial position: Profit after tax grew at a CAGR of 82.68% between FY2024 and FY2026, while revenue from operations grew at a CAGR of 1.66%. The debt-equity ratio was 0.77 times as at March 31, 2026, compared with 0.85 times as at March 31, 2025.

Financial Highlights

*All amounts in ₹ lakhs, except percentages and ratios; figures as per Restated Financial Information (consolidated for FY2026; standalone for FY2025 and FY2024). EBITDA margin is calculated on total income.

Revenue from operations grew by 2.49% in FY2026, while EBITDA and profit after tax grew by 46.53% and 39.49% respectively. EBITDA margin improved to 10.85% in FY2026 from 7.59% in FY2025, and PAT margin to 6.97% from 5.12%. Net worth grew at a CAGR of 92.66% to ₹2,963.06 lakhs as at March 31, 2026. FY2026 figures are consolidated and include the Company’s 60% subsidiary, Autometrix Automation Private Limited, incorporated on May 16, 2025.

Industry Overview

According to the Mordor Intelligence report cited in the DRHP, the India laser market is projected to grow from USD 2.16 billion in 2026 to USD 4.93 billion by 2031, a CAGR of 17.94%, as semiconductor fabs, EV battery lines and solar-cell plants embed lasers across production processes. Industry data cited in the DRHP places India’s laser cutting machines market at approximately USD 0.5 billion in 2025, expected to grow at about 10.9% CAGR.

About Laser Technologies Limited

Laser Technologies Limited (formerly Laser Technologies Private Limited), incorporated in June 2011 with its registered office in Navi Mumbai, Maharashtra, is an integrated laser and sheet metal processing solutions provider. It supplies machinery for laser cutting, laser welding, laser marking and engraving, CNC sheet metal bending, punching, pipe and tube bending and allied applications, together with application engineering, installation and commissioning, maintenance contracts, laser source and cutting head repair, spare parts, consumables, software and operator training. Its customers operate across automotive and auto components, aerospace and defence, electrical and electronics, general fabrication, HVAC, railways and metro, energy and other end-use industries. The Company has taken a facility on lease at Chakan, Pune, to manufacture laser cutting machines under its “Right Series” brand, and operates a Customer Experience Centre and Technology Centre at Chakan. It follows a direct business-to-business sales model, holds ISO certification and Authorised Economic Operator (AEO T2) authorisation, and derived 68.24% of its FY2026 revenue from operations from Maharashtra and 4.97% from exports.

Disclaimer

Laser Technologies Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an Initial Public Offering of its equity shares and has filed a Draft Red Herring Prospectus dated September 30, 2026 with the EMERGE Platform of National Stock Exchange of India Limited. Investments in equity and equity-related securities involve a degree of risk, and investors should not invest any funds in the Issue unless they can afford to take the risk of losing their entire investment. Investors are advised to read the Draft Red Herring Prospectus carefully, including the section titled “Risk Factors,” before making any investment decision.

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