Laser Power & Infra IPO Opens July 9: Price Band, Issue Size and Key Details
- 6th July 2026
- 12:00 AM
- 3 min read
Summary
Laser Power & Infra has fixed a price band of ₹203 to ₹214 per share for its ₹742 crore IPO, opening on 9 July and closing on 13 July. The Kolkata based company plans to use fresh issue proceeds mainly for debt repayment ahead of listing on 16 July.Mumbai | 6 July 2026
Laser Power & Infra Limited has set the price band for its ₹742 crore initial public offering at ₹203 to ₹214 per equity share of ₹5 face value. The issue opens for subscription on 9 July and closes on 13 July.
What Are The Key IPO Details?
| Particular | Detail |
| Price band | ₹203 to ₹214 per share |
| Face value | ₹5 per share |
| Issue size | ₹742 crore |
| Fresh issue | ₹542 crore (2.53 crore shares) |
| Offer for sale | ₹200 crore (0.93 crore shares) |
| Lot size | 70 shares |
| Retail minimum investment | ₹14,980 |
| Retail maximum investment | ₹1,94,740 |
| sNII investment | 14 lots, ₹2,09,720 |
| bNII investment | 67 lots, ₹10,03,660 |
| Subscription dates | 9 to 13 July |
| Anchor allocation | 8 July |
| Allotment | 14 July |
| Listing date | 16 July |
| Exchanges | BSE, NSE |
The offer for sale is by the Goel family promoters. At the upper end of the price band, the company is valued at ₹3,003.8 crore. The issue size is lower than the ₹1,200 crore proposed in the draft red herring prospectus filed in September 2025. SEBI approved the IPO in February 2026. IIFL Capital Services and ICICI Securities are the book running lead managers, and MUFG Intime India is the registrar.
What Does Laser Power & Infra Do?
The company manufactures power cables, conductors and other transmission and distribution equipment across three facilities in West Bengal, with a combined installed capacity of 85,448 metric tonnes. It also executes engineering, procurement and construction projects, including rural electrification, power distribution infrastructure and substations.
In FY26, the manufacturing segment contributed 73% of revenue, while the EPC business accounted for the remaining 27%. The company counts Apar Industries, Polycab India, KEI Industries, Dynamic Cables and Universal Cables among its listed peers.
How Will The Company Use IPO Proceeds?
Laser Power & Infra plans to use ₹499 crore from the fresh issue proceeds to repay outstanding borrowings, with the balance allocated for general corporate purposes. As of 17 June 2026, its total outstanding debt stood at ₹935.7 crore. For FY26, the company reported a 42% rise in net profit to ₹151.6 crore, up from ₹106.8 crore in FY25, even as revenue fell 9.5% to ₹2,326.1 crore from ₹2,570.4 crore. EBITDA rose 20.4% to ₹301.4 crore, with the EBITDA margin expanding to 12.95% from 9.74%. The company’s order book stood at ₹3,243.4 crore at the end of FY26, of which ₹1,668.9 crore came from the manufacturing business.
Key Milestones For Investors to Track
Investors should track the anchor allocation on 8 July, the subscription window between 9 and 13 July, the allotment finalisation on 14 July and the listing on BSE and NSE on 16 July.
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