Summary of this article
IPO opens July 9 with Rs 203-214 price band.
Company aims to raise Rs 742 crore through this issue.
Minimum investment is Rs 14,980 for 70 retail shares.
The initial public offering (IPO) of power cable manufacturer Laser Power and Infra is scheduled to open for subscription on July 9, 2026. The company announced the price band for its upcoming public issue on July 6, days before the opening of its public issue.
Earlier last week, the company reduced the size of its public issue size from an initially planned Rs 1,200 crore to Rs 742 crore. Here is a look at some key details related to Laser Power and Infra IPO.
Laser Power and Infra IPO: Offer Size and Price Band
Laser Power and Infra seeks to raise Rs 742 crore through its public issue. The issue is a combination of a fresh issue of 25.32 million equity shares and an offer for sale (OFS) of 9.34 million shares. The price band for the issue has been fixed at Rs 203-214 per equity share.
Laser Power and Infra IPO GMP
The shares are trading with a grey market premium (GMP) of Rs 29 over the upper end of the price band, according to websites which monitor the demand for shares of unlisted companies. Based on the current GMP trends, the stock is expected to list with a premium of 13.55 per cent at Rs 243 apiece.
Laser Power and Infra IPO: Lot Size and Minimum Investment
Retail investors who wish to invest in the Laser Power and Infra IPO can do so by applying for a minimum of 70 shares, leading to a minimum investment of Rs 14,980 at the upper end of the price band. The minimum lot size for small non-institutional investors (sNII) is 14 lots or 980 shares, amounting to Rs 209,720. For big non-institutional investors (bNII), it is 67 lots or 4,690 shares, leading to a minimum investment of Rs 10,03,660.
Laser Power and Infra IPO: Reservation
Laser Power and Infra has allocated not more than 50 per cent of the net offer for the qualified institutional buyer (QIB) category, not less than 15 per cent for the NII category, and not less than 35 per cent of the net offer for retail investors.
Laser Power and Infra IPO: Subscription window, listing date, allotment date
The subscription window for the IPO will remain open from July 9-13, 2026 and the share allotment status will be finalised on July 14. Unsuccessful bidders will receive refunds or have their fund blocks released on July 15, while successful allottees will receive shares in their demat accounts the same day. Laser Power and Infra shares will be listed on both the BSE and the NSE tentatively on July 16.
Laser Power and Infra: Key Financials
The cable manufacturer’s total income decreased by over 9 per cent to Rs 2,347.89 crore in the fiscal year ended March 31, 2026, compared to Rs 2,592.53 crore in the fiscal year ended March 31, 2025. However, the company posted a profit growth of 42 per cent, as its consolidated profit-after-tax (PAT) grew to Rs 151.59 crore compared to Rs 106.75 crore in the preceding fiscal. The net worth of the company also increased in the same time period from Rs 574.58 crore in FY25 to Rs 725.41 crore in FY26.
Laser Power and Infra IPO: Registrar and Management
The book-running lead managers for the issue are IIFL Capital Services and ICICI Securities. The registrar for the issue is MUFG Intime India.
Laser Power and Infra: Promoters
The promoters of the company include Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. The shareholding of the promoters will reduce to 75.29 per cent after the issue, from 100 per cent before the issue.
Laser Power and Infra IPO: Objective
Laser Power and Infra aims to use the net proceeds from the issue towards the pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed of by the company (estimated at Rs 490.00 crore). The remaining balance will be deployed toward general corporate purposes.
About Laser Power and Infra
Laser Power and Infra is an integrated manufacturer of power cables, conductors and other specialised products and components used in power transmission and distribution. The company also operates in the engineering, procurement, and construction (EPC) segment of the power distribution sector. The company focuses on rural electrification projects, power distribution infrastructure, and substations. The company operates three manufacturing units in West Bengal with a combined installed capacity of 85.448 MT and serves customers across 26 states, four Union Territories (UTs), and 10 countries.
