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

Overview of the IPO and why it matters

Laser Power & Infra Ltd (LPIL), a Kolkata-based manufacturer linked to India’s power transmission and distribution supply chain, is set to open its initial public offering (IPO) on July 9, 2026. The company has filed its Red Herring Prospectus (RHP) and is targeting a total issue size of ₹742 crore. The IPO is a book-building issue and the equity shares are proposed to be listed on both BSE and NSE. The offer comes at a time when investors are closely tracking capital expenditure themes across power and grid infrastructure. For Laser Power & Infra, a large part of the fresh capital is earmarked for debt reduction, which is a key point in the offer’s stated objective.

Company profile: cables, conductors, and specialised products

Laser Power & Infra is described as an integrated manufacturer of power cables, conductors, and other specialised products. Its product positioning ties it to the power transmission and distribution sector, where project activity depends on utility capex, grid upgrades, and industrial demand. The IPO documents referenced in the provided information do not include detailed financial results, but the business description places it in a segment where working capital needs can be significant due to raw material requirements and project-linked receivables. The company’s location is stated as Kolkata, and the promoters are identified as members of the Goel family.

Key dates: subscription window to listing

The IPO opens for subscription on July 9, 2026 and closes on July 13, 2026. The anchor investor book is scheduled to open on July 8, 2026. The allotment is expected to be finalised on July 14, 2026. Shares are scheduled for a tentative listing on July 16, 2026. This timeline places listing within the same week as the closure, subject to completion of the standard process.

Price band, lot size, and retail investment amount

The issue has a stated price band of ₹203 to ₹214 per share. The lot size for application is 70 shares. Based on the upper end of the price band, the minimum retail investment is ₹14,980 for one lot (70 shares). The face value is stated as ₹5 per equity share. These figures are relevant for retail investors planning bid amounts and for understanding the per-lot capital outlay.

Issue structure: fresh issue and offer for sale

As per the RHP details provided, the IPO comprises a fresh issue of equity shares worth ₹542 crore and an offer for sale (OFS) of shares aggregating up to ₹200 crore by promoter selling shareholders. The total issue size is ₹742 crore. The share count mentioned alongside the offer includes 3,46,72,897 shares aggregating up to ₹742 crore, including 2,53,27,103 shares aggregating up to ₹542 crore in the fresh issue and 93,45,794 shares aggregating up to ₹200 crore in the OFS. The OFS proceeds go to the selling shareholders, while the fresh issue proceeds come into the company.

IPO size cut since DRHP: what changed

The issue size has been reduced compared to earlier plans. The company had proposed a ₹1,200 crore IPO in the draft red herring prospectus (DRHP) filed in September 2025. That earlier proposal referenced a fresh issue of equity shares worth up to ₹800 crore and an OFS worth up to ₹400 crore by existing shareholders. SEBI approved the draft papers in February 2026. The later RHP-linked details indicate the scaled-down ₹742 crore structure (₹542 crore fresh issue and ₹200 crore OFS), reflecting a smaller fundraise than the DRHP proposal.

Promoters and OFS details available in disclosures

The promoters of the company are listed as Deepak Goel, Devesh Goel, Akshat Goel, and Rakhi Goel. In the DRHP-linked information, the OFS breakdown was described as shares worth ₹225 crore by Deepak Goel, ₹125 crore by Devesh Goel, and ₹50 crore by Rakhi Goel. Separately, the RHP-linked structure describes an OFS of ₹200 crore by promoter selling shareholders, without repeating the same breakup in the provided text. Investors typically track such details to understand the selling component versus capital being raised for the company.

Use of proceeds: debt repayment is central

The company has stated 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, with the balance intended for general corporate purposes. Other stated purposes in the provided information include funding long-term working capital requirements, capital expenditure, and general corporate purposes, aimed at supporting future growth and strengthening the balance sheet. Based on the RHP-linked details, the debt repayment number of ₹490 crore is the most clearly specified use. The emphasis on repayment suggests the IPO is partly a balance-sheet action, not only a growth capital raise.

Subscription reservations: QIB, NII, and retail buckets

The issue allocation has been described as 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors. This split sets the framework for how demand is distributed across investor categories during the book-building process. For retail applicants, the disclosed lot size and minimum application amount are key practical inputs. For institutions, the anchor book opening on July 8 creates an early indication point ahead of the broader subscription window.

Grey market premium (GMP) before opening

The grey market premium (GMP) for Laser Power & Infra’s IPO was reported at ₹14 per share on July 7, ahead of the issue opening. Based on the upper offer price of ₹214, this GMP implied a likely listing price of about ₹228, which corresponds to a premium of 6.54% over the offer price. GMP is an informal indicator and is not an official measure of demand, but it is widely tracked as a sentiment signal before listing. The provided GMP and implied price are snapshot numbers tied to July 7.

Key IPO facts at a glance

Market impact and what investors will track

From a market perspective, the primary datapoints highlighted in the provided information are the reduced IPO size versus the earlier DRHP, the debt repayment plan of ₹490 crore, and the pre-issue GMP. The reduction from ₹1,200 crore to ₹742 crore changes the supply dynamics and may affect how investors frame the offer size relative to demand. The earmarking of a large portion of fresh proceeds for borrowings also shapes the narrative as a leverage-reduction exercise, which investors often evaluate through post-issue balance sheet changes. The reservation split across QIB, NII, and retail will influence how oversubscription, if any, is distributed across categories. And the price band and lot size determine entry costs and retail participation practicality.

Conclusion

Laser Power & Infra’s ₹742 crore IPO opens July 9 with a ₹203-₹214 price band and a structure of ₹542 crore fresh issue plus ₹200 crore OFS, with listing tentatively set for July 16 on BSE and NSE. A stated ₹490 crore of fresh issue proceeds is planned for repayment or prepayment of borrowings, with remaining funds intended for general corporate purposes. The anchor book opens July 8, while allotment is expected on July 14. Ahead of the offer, the reported July 7 GMP of ₹14 per share implied an indicative price of ₹228 versus the ₹214 upper band, which will be watched alongside subscription trends once bidding begins.