Laser Power & Infra IPO 2026: ₹742 Cr Opens Jul 9

Laser Power & Infra Ltd (LPIL), an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, is set to open its initial public offering (IPO) on July 9, as per its red herring prospectus. The issue is scheduled to close on July 13.

The proposed IPO is sized at ₹742 crore and includes a mix of a fresh issue and an offer for sale by promoter selling shareholders. The company has also disclosed the intended use of the net proceeds from the fresh issue, with a large share earmarked for repayment or prepayment of borrowings.

IPO dates and key milestones

The IPO will open for subscription on July 9, 2026 and close on July 13, 2026. As per the disclosed schedule, the allotment is expected on July 14, 2026 and the listing is expected on July 16, 2026.

The equity shares are proposed to be listed on both BSE and NSE. At this stage, details such as the lot size and minimum investment have not been announced in the provided information. The issue price is also stated as “to be announced” in the available details.

Issue size and structure

Laser Power & Infra’s IPO is stated to be ₹742 crore in total. It comprises:

• Fresh issue of equity shares worth ₹542 crore
• Offer for sale (OFS) of shares aggregating up to ₹200 crore by promoter selling shareholders

The split between fresh issue and OFS is important for investors because only the fresh issue proceeds go to the company, while OFS proceeds are received by selling shareholders.

Use of proceeds: debt repayment is the main item

The company has disclosed that the net proceeds from the fresh issue will be used primarily to reduce leverage. Specifically, it plans repayment or prepayment of borrowings amounting to ₹490 crore. The balance is intended for general corporate purposes.

Debt repayment as a use of proceeds typically affects the company’s interest costs and balance sheet profile, but the actual impact depends on the repayment timing and the terms of the underlying borrowings. The filing only specifies the intended repayment amount, without detailing lender-wise break-up in the provided text.

What the company does and where it is based

Laser Power & Infra is described as an integrated manufacturer of power cables, conductors, and specialised products used in the power transmission and distribution industry. The company is referenced as Kolkata-based in the provided information.

Some of the provided material also describes the company as a manufacturer of wires, cables, and conductors and a pan-India EPC solutions provider in the power sector operating under the brand “LASER.” These descriptions position the company within the broader electrical equipment and power infrastructure supply chain.

Price band, lot size, and other IPO parameters still awaited

Based on the provided details, the price band and lot size are not available yet for this ₹742 crore IPO. The minimum investment is also stated as not announced.

The face value is mentioned as ₹5 per equity share. Investors typically receive final price and lot details closer to the opening date through the finalised offer documents and exchange circulars.

Registrar and investor contact details disclosed

The registrar is stated as MUFG Intime India Private Limited. Contact details for both the company and registrar are provided in the information shared.

Laser Power & Infra’s investor contact details included an email address (investor.grievance@laserpowerinfra.com) and a Kolkata address at Pollock Street. The registrar’s email is listed as laserpower.ipo@in.mpms.mufg.com.

Grey Market Premium (GMP): no quote available

The provided information states that no recorded Grey Market Premium (GMP) quote is currently available for Laser Power & Infra IPO. It also notes that GMP is unofficial and does not forecast or guarantee the actual listing price.

This is relevant because retail investors often track GMP, but it is not an exchange-reported metric and should not be treated as a confirmed indicator.

Earlier disclosures referenced: ₹1,200 crore proposal in draft documents

Some of the provided text also references earlier draft disclosures, including a draft red herring prospectus dated September 27, 2025, and a note that SEBI’s nod was received to raise ₹1,200 crore through an IPO (with a fresh issue of ₹800 crore and OFS of ₹400 crore).

In contrast, the red herring prospectus details included for the July 9 issue specify a ₹742 crore IPO with a ₹542 crore fresh issue and ₹200 crore OFS. The provided material does not explain the reason for the difference between the earlier ₹1,200 crore reference and the current ₹742 crore issue size, so readers should rely on the latest filed offer document for current terms.

Key facts at a glance

Market impact: what investors typically track from here

With the IPO window and listing venues disclosed, the next key data points for the market are the final issue price, lot size, and minimum investment, which are not available in the provided details. Investors also track the final offer document, subscription data during the bidding period, and the final basis of allotment.

The stated deployment of ₹490 crore towards repayment or prepayment of borrowings makes the balance sheet angle a central part of the equity story. For investors, that places focus on the company’s existing debt levels, finance costs, and how much of the repayment is executed immediately after the issue, but these specifics are not covered in the provided text.

Conclusion

Laser Power & Infra’s ₹742 crore IPO is scheduled to open on July 9 and close on July 13, with listing expected on July 16 on BSE and NSE. The issue includes a ₹542 crore fresh issue and a ₹200 crore OFS, with fresh proceeds mainly planned for repaying or prepaying ₹490 crore of borrowings. The next confirmed disclosures investors will watch for are the price-related details, including the issue price, lot size, and minimum investment, which are yet to be announced in the information provided.