Laser Power & Infra IPO 2026: key dates, price band

Subscription window and why it matters

Laser Power & Infra will open its IPO for public subscription on July 9, 2026, and the issue will close on July 13, 2026. The IPO is scheduled to list on both NSE and BSE, with a tentative listing date of July 16, 2026. For investors tracking the primary market calendar, these dates define the short decision window to evaluate the offer’s pricing, structure, and allocation. The offer uses the book-building route, with a price band of ₹203 to ₹214 per share. The lot size has been fixed at 70 equity shares, and bids must be placed in multiples of 70 shares.

Issue size, structure, and who is selling

Laser Power & Infra is targeting a total issue size of ₹742 crore. The IPO comprises a fresh issue of 25.3 million equity shares aggregating to ₹542 crore. It also includes an offer for sale (OFS) of up to 9.3 million shares worth ₹200 crore by promoters Deepak Goel, Rakhi Goel, and Devesh Goel. In the offer document extract, the IPO is described as an initial public offering of up to 3,46,72,897 equity shares of face value ₹5 each, for cash at ₹203-214 per equity share. The fresh issue proceeds, as stated, are intended for prepayment or repayment, in full or in part, of certain outstanding borrowings, and the balance for general corporate purposes. The OFS component means part of the proceeds will go to selling shareholders rather than the company.

Price band, face value, and valuation multiples

The issue price band is set at ₹203 to ₹214 per share, with a face value of ₹5 per equity share. As stated in the offer extract, the floor price is 40.60 times the face value of the equity shares, while the cap price is 42.80 times the face value. This provides a quick reference point for how the issue price compares with the nominal face value used for accounting purposes. Investors generally use the price band to decide whether to bid at the cut-off (retail) or at a specific price within the band. The final offer price is discovered through the book-building process. The company’s IPO is slated for the mainboard, listing on both BSE and NSE.

Lot size, minimum investment, and retail application limits

The lot size for an application is 70 shares, and bids can be made for a minimum of 70 equity shares and in multiples thereafter. Based on the price band, one-lot application value ranges from ₹14,210 at the lower end (₹203 x 70) to ₹14,980 at the upper end (₹214 x 70). The article also states the minimum investment required for a retail investor is ₹14,980 for one lot, based on the upper price. It further states that the maximum retail application of 13 lots, or 910 shares, would require ₹1,94,740 at the upper end of the band. These figures help investors plan funds blocking under UPI or ASBA, especially when placing multiple-lot bids.

Key dates: anchor, allotment, and listing timeline

Multiple timeline points are provided alongside the open and close dates. The price band was stated to be announced on July 6, and the anchor investor book was stated to open on July 8. The basis of allotment is expected to be finalised on July 14, 2026. Shares are scheduled to list on July 16, 2026, on both NSE and BSE. With a closing date of July 13, the allotment and listing milestones come quickly after the issue closes. For investors, these dates matter for tracking UPI mandate status, allotment outcomes, and the expected credit of shares before listing.

Grey market premium (GMP): what was reported

The grey market premium (GMP) for Laser Power & Infra was reported at ₹14 per share on July 7, ahead of the IPO opening. Based on the upper price of ₹214, that GMP implied a likely listing price of ₹228, which was described as a 6.54% premium to the offer price. Another update dated July 8 stated the GMP declined from ₹43 to ₹15, and with the price band at ₹214, the estimated listing price was cited as ₹229, implying about a 7% expected gain per share. A separate data point in the article snapshot showed “GMP Today” as ₹12. These figures are informal indicators and were presented as changing over time, highlighting that GMP can be volatile.

Category allocation: how the issue is split

The article states that half of the issue has been reserved for qualified institutional buyers (QIBs). It also states 15% has been reserved for non-institutional investors (NIIs), and the remaining 35% for retail investors. This split indicates how demand across categories can influence overall subscription once bidding begins. For market participants, the QIB portion is often watched closely, because institutional participation can affect subscription trends during the issue period. Retail investors typically track the retail subscription data once the issue opens, but the allocation percentages define the overall framework.

Company and regulatory filings mentioned

Laser Power & Infra has filed its Draft Red Herring Prospectus (DRHP) with SEBI for the IPO. The article also mentions that the company filed its Red Herring Prospectus (RHP) with the Registrar of Companies (RoC) ahead of the issue opening. The company address provided is C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083, along with contact details and its website (www.laserpowerinfra.com). The issuer is described as a power transmission and distribution equipment maker in the article context. These disclosures and filings are part of the standard process ahead of a mainboard IPO.

How to apply: UPI and ASBA routes cited

The application routes cited include UPI via SEBI-registered broker apps and ASBA through a bank’s net-banking portal. Under UPI, an investor selects the IPO, enters the number of lots, and approves the mandate. Under ASBA, funds are blocked via the bank until allotment is finalised. The minimum investment value referenced for a single lot is ₹14,980 at the upper band, while the band-based minimum also appears as ₹14,210 at the lower end. Investors must place bids for 70 shares and in multiples of 70 thereafter.

Laser Power & Infra IPO: key facts at a glance

GMP snapshots reported before opening

What to watch during the three-day bidding window

With the subscription window running from July 9 to July 13, investors will track category-wise demand as it builds through the period. The QIB, NII, and retail buckets are defined as 50%, 15%, and 35% respectively in the information provided. Investors may also monitor any further GMP updates, while keeping in mind that these are unofficial and can change quickly. The use of fresh issue proceeds toward repayment or prepayment of borrowings is a key stated purpose of the fund raise, alongside general corporate purposes. The next concrete milestones after bidding closes are the expected allotment on July 14 and the tentative listing on July 16, 2026.