Laser Power & Infra IPO 2026: Dates, Price Band, Size

Laser Power & Infra sets July 9 IPO opening

Laser Power & Infra Ltd will open its initial public offering (IPO) on July 9, with the issue scheduled to close on July 13. The Kolkata-based power transmission and distribution equipment maker is targeting a total fundraising of ₹742 crore. The company has filed its Red Herring Prospectus (RHP) with the Registrar of Companies (RoC) ahead of the offer. The IPO is structured as a book-built issue and is expected to list on both BSE and NSE. The development matters for primary market investors tracking industrial and power-sector manufacturing plays, especially as the company has also resized the offer materially from its earlier plan.

Issue size cut from ₹1,200 crore plan

Laser Power & Infra has reduced its IPO size from the ₹1,200 crore proposed in the draft red herring prospectus (DRHP) filed in September 2025. The Securities and Exchange Board of India (SEBI) approved the draft papers in February 2026. The revised ₹742 crore structure is based on the updated RHP. A cut of this scale typically changes the supply of shares available in the market on listing day and can alter how different investor categories participate. What is clear from the disclosures is that the company has moved from a larger capital-raise blueprint to a smaller, more focused offering.

Fresh issue and OFS split

The IPO comprises a fresh issue of equity shares worth ₹542 crore and an offer for sale (OFS) aggregating up to ₹200 crore by promoter selling shareholders. In other words, a portion of the issue will bring new funds into the company (fresh issue), while the OFS component will transfer shares from promoters to public investors. The RHP description indicates the Goel family-promoted company is using a mix of capital raising and shareholder monetisation. The balance between fresh issue and OFS is a key detail for investors assessing how much capital the business is actually receiving.

Price band, face value, lot size and minimum application

Laser Power & Infra IPO is priced in the ₹203–₹214 per share range, with the equity shares carrying a face value of ₹5 each. The lot size is 70 shares, implying a minimum application size of 70 shares. At the upper end of the band (₹214), the minimum investment works out to ₹14,980. The company had also indicated the price band would be announced on July 6. For investors, these terms define the entry ticket size and help in comparing the IPO with other concurrent offerings.

Key dates: anchor, allotment and listing

The anchor investor book will open on July 8, a day before the IPO opens for public subscription. The basis of allotment is expected to be finalised by July 14. Shares are scheduled to list on July 16. These dates are important for applicants tracking when funds may be blocked and released and when the stock may begin trading in the secondary market.

Reservation across investor categories

As per the details provided, half of the issue has been reserved for qualified institutional buyers (QIBs). Another 15 percent is reserved for non-institutional investors (NIIs). The remaining 35 percent is allocated for retail investors. This split determines how much of the issue is available to each category and can influence subscription dynamics, especially in a book-built IPO where institutional participation can set the tone early.

Share counts disclosed in the issue details

One set of issue details indicates the total issue size at 34,672,897 shares aggregating up to ₹742 crore. The OFS component is shown at 9,345,794 shares aggregating up to ₹200 crore. These numbers provide a clearer sense of the equity supply coming to the market through the offer. Investors often use such data to understand the scale of public float creation and how much of the offer is secondary selling.

Use of proceeds: debt repayment and general corporate purposes

The stated objects of the issue include pre-payment or re-payment, in full or in part, of certain outstanding borrowings availed by the company, amounting to ₹490.0 crore. The remaining proceeds are earmarked for general corporate purposes. This indicates the fresh issue is intended, at least in part, to reduce leverage through scheduled repayment. For investors, the use of proceeds matters because it clarifies whether the IPO is being used to fund growth, de-risk the balance sheet, or both.

Grey market premium (GMP): mixed signals in early tracking

Grey market data around the IPO has been inconsistent across the information provided. One update stated that the Grey Market Premium (GMP) had not commenced yet. Another tracker showed a GMP of ₹40 per share as of July 6, 2026 at 1:00 PM IST, which would imply an indicative price of ₹254 when added to the ₹214 upper price band, and described the GMP as a 19% premium. Separately, a table snapshot also referenced a GMP of ₹33. Since GMP is unofficial and can change quickly, investors typically treat it as a sentiment indicator rather than a confirmed signal.

Lead managers and company location details

The lead managers named for the issue are IIFL Capital Services and ICICI Securities. The company is based in Kolkata, with an address listed as 4A, Pollock Street, 3rd Floor, Kolkata - 700001. Such disclosures help investors identify the intermediaries managing the issue and the company’s registered location.

Key IPO facts at a glance

Why the resized IPO matters for investors

The most concrete change in this offering is the reduction in total IPO size compared with the earlier DRHP proposal. Combined with the disclosed split between fresh issue and OFS, it helps investors quantify how much capital is going into the company versus how much is promoter selling. The stated use of proceeds, especially the ₹490 crore earmarked for loan repayment, frames the IPO as partly balance-sheet focused. Investors will also watch category-wise subscription given the 50-15-35 allocation across QIBs, NIIs and retail. The price band of ₹203–₹214 and the minimum ticket size of ₹14,980 at the upper end put the IPO in a clear affordability bracket for retail applicants.

Conclusion

Laser Power & Infra’s ₹742 crore IPO opens on July 9 and closes on July 13, with a ₹203–₹214 price band and a fresh issue-OFS mix of ₹542 crore and ₹200 crore, respectively. The offer has been scaled down from the earlier ₹1,200 crore plan, following SEBI approval of the draft papers in February 2026. The anchor book opens July 8, allotment is expected on July 14, and listing is scheduled for July 16 on BSE and NSE. Investors will track subscription trends across categories and keep an eye on official issue updates as the timeline progresses.