New Delhi, Sep 28 (PTI) Laser Power and Infra Ltd, a cable and conductor manufacturer, has filed preliminary papers with markets regulator Sebi to raise Rs 1,200 crore through an initial public offering (IPO).

With this, the Kolkata-based company is targeting a valuation of Rs 5,500-6,500 crore, people familiar with the matter said.

The proposed IPO is a combination of a fresh issue of equity shares worth Rs 800 crore and an offer for sale (OFS) of equity shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP) filed on Saturday.

As part of the OFS, Deepak Goel, Rakhi Goel, and Devesh Goel will offer offload shares aggregating up to Rs 225 crore, Rs 50 crore and Rs 125 crore, respectively.

Laser Power and Infra Ltd (LPIL) plans to use the fresh i

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