Laser Power & Infra IPO 2026: Price band, GMP, dates

Subscription window and key dates

Laser Power & Infra’s initial public offering (IPO) opens for public subscription on Thursday, July 9, 2026 and closes on Monday, July 13, 2026. The issue is scheduled for listing on the BSE and NSE on Thursday, July 16, 2026. As per the available issue schedule, the basis of allotment is expected to be finalised on Tuesday, July 14, 2026.

The three-day subscription window and the fixed listing timeline put focus on demand indicators such as anchor participation and grey market activity. For investors, the dates matter because they determine bidding cut-offs, potential modification windows (as applicable through brokers), and when the allotment and listing outcomes will be known.

IPO size and structure: fresh issue plus OFS

The IPO aims to raise ₹742 crore in total. The offer comprises a fresh issue of 25.3 million equity shares aggregating to ₹542 crore and an offer for sale (OFS) of up to 9.3 million shares worth ₹200 crore.

Promoters Deepak Goel, Rakhi Goel, and Devesh Goel are participating in the OFS portion. Structurally, the fresh issue brings funds into the company, while the OFS represents a sale by existing shareholders. The offer size has also been presented as up to 3,46,72,897 equity shares (face value ₹5 each) for cash at the offer price.

Price band, face value, and valuation reference

Laser Power & Infra has fixed the IPO price band at ₹203 to ₹214 per share, with a face value of ₹5 per equity share. At the upper end of the band, the IPO is valued at an FY26 P/E multiple of 25.3x on a post-issue basis.

The floor price has been described as 40.60 times the face value and the cap price as 42.80 times the face value. Bids can be made at the floor, at the cap, or at the cut-off price (for eligible categories under IPO rules), subject to broker and platform processes.

Lot size, minimum bid, and retail application amount

The lot size is 70 shares, and bids must be placed for a minimum of 70 shares and in multiples of 70 shares thereafter. Using the price band, the retail application amount depends on whether the bid is at the lower end or at cut-off.

At the cap price of ₹214, one lot costs ₹14,980 (70 x ₹214). At the floor price of ₹203, one lot costs ₹14,210 (70 x ₹203). The maximum retail application cited is 13 lots, which equals 910 shares, requiring an investment of ₹1,94,740 at the cap price.

Anchor book: ₹222 crore raised

Ahead of the public issue, Laser Power & Infra Limited raised ₹222 crore from anchor investors at ₹214 per share, as per an exchange filing referenced in the provided information. Anchor participation is typically watched because it signals institutional demand at the discovered price, though it does not guarantee similar demand across the subscription period.

The issue also includes reserved allocations for QIBs, NIIs, and retail investors, consistent with standard category-based allotment structures for mainboard IPOs.

Grey market premium (GMP) and implied listing expectations

Unofficial market indicators cited for Laser Power & Infra include multiple GMP snapshots. One update states the last GMP is ₹15, last updated Jul 8, 2026 at 10:00 AM, with an estimated listing price of ₹229 (cap price + GMP), implying an expected gain of 7.01% per share over the upper band.

Another data point from sources tracking unofficial market activity cites unlisted shares trading at ₹235, implying a GMP of ₹21, or 9.81% over the cap price of ₹214. A separate snapshot mentions a current GMP of ₹14.75 and an estimated listing price of ₹228.75.

GMP is not an official measure and can change quickly. Still, it is often used by market participants as a real-time sentiment gauge before listing.

Company profile mentioned in the issue context

Laser Power & Infra Limited is described as an integrated manufacturer of power cables and conductors. Beyond this description, the provided information does not include operating metrics, segment details, or financial statements, so assessment here remains limited to issue terms and demand indicators.

The company’s registered contact details were also provided, including the Mumbai address (Vikhroli West), phone, fax, grievance email, and the corporate website.

Summary table: issue terms at a glance

GMP snapshots: what different trackers are indicating

What investors typically track into allotment and listing

With the offer priced at ₹203-214 and listing scheduled for July 16, investors will typically watch subscription levels across categories, any official updates through exchange filings, and how GMP changes into allotment day. The anchor placement at ₹214 and the stated post-issue valuation multiple of 25.3x FY26 earnings are also key reference points used in discussions around pricing.

The next confirmed milestones are the issue close on July 13, the expected allotment finalisation on July 14, and the scheduled listing on July 16, 2026.