Summary of this article
Laser Power and Infra IPO sees modest retail demand.
The price band is fixed at Rs 203-214 per share.
IPO proceeds will primarily repay existing company debt obligations.
Power cable and conductor manufacturer Laser Power & Infra’s public issue opened for subscription on July 9. It is slated to close for subscription on July 13.
The issue saw modest demand on the first day of subscription. The grey market premium (GMP) for the cable maker’s shares remained stable on the first day of subscription. Here are some key details of the public issue which applicants should know:
Laser Power & Infra IPO Subscription
Laser Power & Infra’s public issue consists of a fresh issue of 25.30 million shares amounting to Rs 542 crore and an offer-for-sale (OFS) of 9.30 million shares aggregating to Rs 200 crore. The company seeks to raise a total of Rs 743 crore through the public issue. The company has set aside 35 per cent for retail individual investors (RIIs), 15 per cent for non-institutional investors (NIIs), and 50 per cent for qualified institutional buyers (QIBs).
On the first day of subscription, the issue was subscribed 15 per cent overall, with a total bidding for 3.83 million shares compared to the 25.58 million shares offered for subscription. In the retail category, investors booked their quota 22 per cent, placing bids for 2.87 million shares compared to the 12.79 million shares on offer. For the NII category, the issue was booked 17 per cent, receiving bids for 949,550 shares against the 5.48 million shares set aside for the category. The issue was not subscribed to in the QIB category. However, the company has set aside 7.31 million shares for the category.
Laser Power & Infra IPO: Anchor Investors
Prior to the opening of the bidding window, the anchor investor bidding took place on July 8. The company allocated 10.40 million equity shares to anchor investors, raising Rs 223 crore.
Laser Power & Infra IPO: Listing Date, Price Band
The price band for the initial public offering (IPO) has been fixed at Rs 203-214 per share. RIIs can apply for the public issue by placing bids for one lot comprising a minimum of 70 shares, which aggregates to an investment of Rs 14,980 at the upper price band.
The company is expected to announce the share allotment status on July 14. Successful applicants will receive shares in their demat accounts on July 15, and the shares will be listed on both the BSE and NSE, tentatively on July 16, 2026.
Laser Power & Infra: Key Financials
In the fiscal ended March 31, 2026, the company’s top-line contracted by over 9 per cent to Rs 2,347.89 crore, compared to Rs 2,592.53 crore in the fiscal ended March 31, 2025. The profit-after-tax (PAT) of the company increased by 42 per cent to Rs 151.59 crore in FY26 compared to Rs 106.75 crore in the preceding fiscal.
Laser Power & Infra: Promoters
Laser Power & Infra’s promoters include Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. Prior to the issue, they held a 100 per cent stake in the company. Following the completion of the IPO, their holding will decrease to 75.29 per cent.
Laser Power & Infra IPO: Objective
The company plans to use the net proceeds from the fresh issue for the pre-payment or re-payment, in full or in part, of certain outstanding borrowings amounting to Rs 490 crore. The remaining proceeds will be allocated towards general corporate purposes.
About Laser Power & Infra
Laser Power & Infra is a Kolkata-based manufacturer of power cables, conductors, and other specialised products for the power transmission and distribution industry in India. The company also operates in the engineering, procurement, and construction (EPC) segment and provides solutions for rural and urban electrification, distribution, and power infrastructure development.
