Laser Power & Infra IPO Day 1: Check subscription status, price band, lot size and key dates

Integrated power cable and transmission product maker Laser Power & Infra Ltd's initial public offering opened for subscription on Thursday, July 9. The issue will conclude on July 13. The price band has been fixed at ₹203 to ₹214 per share.

The ₹742 crore initial share sale consists of a fresh issuance of ₹542 crore and an offer for sale of ₹200 crore by promoters Rakhi Goel, Devesh Goel and Deepak Goel.

The funds raised will be used for repayment of borrowing and general corporate purposes. "Our company expects to receive the benefits of listing of the equity shares on the stock exchanges and enhancement of our company's brand name amongst our existing and potential customers and creation of a public market for our equity shares in India," the company said in its red herring prospectus (RHP).

The price band has been fixed at ₹203 to ₹214 per share. A lot consists of 70 shares.

Laser Power & Infra IPO Day 1: Subscription details

The subscription status for the first day of bidding will be available post 10 am.

Laser Power & Infra IPO: Allotment and listing date

• Basis of allotment: July 14
• Initiation of refunds: July 15
• Credit of shares to Demat account: July 15
• Listing: July 16

Before the IPO, the company had raised ₹222.6 crore from several domestic and global investors, including 3P India Equity Fund, Nippon India Mutual Fund (MF), Mirae Asset MF, Motilal Oswal MF, HDFC MF, Bandhan MF, Bank of India MF, Edelweiss MF, Edelweiss Life Insurance, Kotak Mahindra Life Insurance and Societe Generale.

The company allotted 1.04 crore shares to anchor investors at ₹214 apiece, aggregating to ₹222.6 crore.

Laser Power & Infra Ltd operates in the manufacturing and engineering, procurement and construction (EPC) segments. It makes power cables, aluminium wire rods, conductors, aerial bunched cables and other products utilised in the power transmission and distribution sectors.

It has three manufacturing units in West Bengal with a combined installed capacity of 85,448 metric tonnes (MT) as of March 31, 2026.

It posted revenue from operations of ₹2,326 crore and a net profit of ₹151 crore in the financial year 2025-26. Its order book stood at ₹3,243 crore as of March 2026.