Laser Power & Infra IPO 2026: Price band and dates

What is driving attention to this IPO

Brokerages tracking the initial public offering (IPO) of Laser Power & Infra have largely stayed constructive, pointing to valuations versus peers, strong earnings growth, and a healthy order book. The order book is being cited as a key support for revenue visibility over the next 12-18 months. The company is positioned as an integrated power infrastructure player, and multiple reports describe it as a maker of power transmission and distribution equipment and electrical transmission products.

IPO size, structure, and what the company is raising

Laser Power & Infra aims to raise ₹742 crore through the IPO, which opens for public subscription on Thursday, July 9, 2026. Disclosures in the provided information also describe the issue as comprising a fresh issue and an offer for sale (OFS). One report specifies ₹542 crore as the fresh issue component and ₹200 crore as the OFS by promoters.

Separately, the offer is described as an IPO of up to 3,46,72,897 equity shares of face value ₹5 each, at an offer price within the announced band. The RHP has been filed with the Registrar of Companies (RoC) ahead of the issue opening.

Price band, face value, and bid rules

The IPO has been priced in the range of ₹203-214 per share, with a face value of ₹5 per equity share. The lot size is 70 shares, and bids can be made for a minimum of 70 shares and in multiples of 70 thereafter.

At the floor price, the price-to-face-value multiple is stated as 40.60 times, while the cap price implies 42.80 times the face value.

Key dates: anchor, subscription, allotment, and listing

The three-day subscription window is scheduled to close on Monday, July 13, 2026. The basis of allotment is expected to be finalised on Tuesday, July 14, 2026. The company’s shares are scheduled to list on Thursday, July 16, 2026.

The information provided also states that anchor investors can bid on Wednesday, July 8, 2026.

How much a retail application could cost

With a lot size of 70 shares, the amount required depends on the bid price within the band. At the upper end of the band (₹214), one lot works out to ₹14,980. The provided details also mention a minimum investment of ₹14,210, which corresponds to bidding at the lower end (₹203) for one lot.

A retail investor can apply for up to 13 lots (910 shares), which is stated to require an investment of ₹1,94,740 (based on the upper band calculation).

Brokerages and published views: SBI Securities and Swastika

Ahead of the issue opening, SBI Securities recommended investors subscribe to the IPO with a long-term investment horizon, citing attractive valuations. Swastika Investmart also recommended subscribing for the medium to long term, citing attractive valuations, lower debt, and favourable sector prospects.

Alongside brokerage recommendations, one published view was tagged as “Neutral to Positive”, with a note that investors should monitor execution risks in the EPC business, commodity price volatility, and the final IPO valuation.

Valuation markers and issue history

At the upper end of the price band, one report said the company’s valuation would be about ₹3,000 crore. Another report noted that the IPO size was earlier proposed at ₹1,200 crore (as per a DRHP filed with SEBI in September 2025) and has since been reduced to ₹742 crore.

These details matter because the final pricing and the resized issue can shape both demand and post-listing expectations, especially for a business linked to infrastructure project execution cycles.

Reservation mix and listing exchanges

The issue is reported to be allocated across investor categories, with 50% reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.

The listing exchange information provided indicates Mumbai and NSE.

Grey market premium (GMP) and what to do with conflicting signals

GMP references in the provided information vary across trackers and time stamps. One table snapshot shows “GMP Today” at ₹12, while another line states the GMP “has not commenced yet.” A separate live-status snippet mentions a GMP of ₹14.75 and an AI-predicted listing gain of 5.9% (confidence score 56%).

Given the mixed reporting in the provided data, investors typically treat GMP as an indicative sentiment gauge rather than a confirmed outcome, and rely more heavily on official issue terms, category-wise subscription, and valuation comfort.

IPO snapshot table

Conclusion

Laser Power & Infra’s ₹742 crore IPO opens on July 9, 2026, with brokerages highlighting valuations, growth and order visibility, while also flagging execution and commodity risks. With the price band set at ₹203-214 and listing scheduled for July 16, investors will closely watch subscription trends during July 9-13 and the allotment timeline on July 14.