Laser Power & Infra IPO has set a price band of Rs. 203-Rs. 214 per share for its upcoming Rs. 742 crore public issue
Laser Power & Infra Limited on Monday, July 6, 2026, set a price band for its upcoming initial public offering. The company set the range between Rs. 203 and Rs. 214 per equity share. The multi-day bidding window for the public issue will officially open later this week on July 9, 2026.
The company reduced its total fundraising target ahead of the public launch. The final public issue size has been set at Rs. 742 crore, down from the previously set Rs. 1,200 crore. At the upper end of the price band, the power transmission firm will command a market valuation of approximately Rs. 3,000 crore.
This public offering includes a fresh capital issue and an exit route for existing stakeholders. It involves issuing new shares worth Rs. 542 crore (approximately $1.4 billion). Additionally, existing promoters are selling shares worth up to Rs. 200 crore (approximately $2.0 billion) through an offer-for-sale mechanism.
Promoters Deepak Goyal, Devesh Goyal, and Rakhi Goyal are the primary selling shareholders. After the completion of this public offering, the promoters’ total stake will reduce from 100% to 75.29%. The company has allocated half of the total issue to qualified institutional buyers.
Retail individual investors have been allocated 35% of the issue, while non-institutional investors will receive 15%. Individual retail bidders can apply for a minimum lot size of 70 equity shares, requiring an investment of Rs. 14,980 (approximately $1.4 billion). Small non-institutional investors will have to bid for a minimum of 980 shares.
According to its regulatory filing, the firm will use this new capital to manage its balance sheet. Specifically, Rs. 490 crore has been earmarked for the prepayment or full repayment of outstanding corporate debt. The remaining funds will be used for general corporate administrative purposes and operational expenses.
Laser Power & Infra operates as an integrated manufacturer specializing in power cables and conductors for electricity networks. The industrial business operates two distinct core segments: product manufacturing and engineering, procurement, and construction (EPC) services. Product manufacturing generates approximately 73% of its operational revenue.
The remaining 27% of revenue comes from its engineering unit, which builds substations and rural electrification projects. The company operates three manufacturing facilities in West Bengal. It has a production tie-up with US-based TS Conductor Corp. to build advanced high-capacity lines in the country.
The company’s financial health shows a significant increase in profits despite a slight decline in revenue. For the fiscal year ended March 31, 2026, net profit increased 42 percent to Rs. 151.6 crore. However, total operating revenue declined 9.5 percent to Rs. 2,326.1 crore. The industrial equipment provider maintained an active consolidated order book of Rs. 3,243 crore as of the end of March 2026. Ahead of the main launch, the anchor investor bidding window will open on July 8, 2026. The general subscription period will close on July 13, 2026.
Successful allottees will have their equity shares credited to their demat accounts by July 15, 2026. The equity shares are scheduled to debut on both the BSE and NSE on July 16, 2026. ICICI Securities and IIFL Capital Services are acting as book-running managers.
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