Laser Power & Infra IPO to open on July 9; cuts issue size to ₹742 crore

Laser Power & Infra IPO will open on July 9 and close on July 13.AI Quick ReadLaser Power & Infra Ltd will launch its initial public offering (IPO) on July 9, aiming to raise ₹742 crore from the primary market. The issue will close on July 13.

Laser Power & Infra 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, according to the Red Herring Prospectus (RHP) filed by the company.

The Kolkata-based company has reduced the IPO size from the ₹1,200 crore proposed in the draft red herring prospectus (DRHP) filed in September 2025. Laser Power & Infra IPO DRHP was approved by the Securities and Exchange Board of India (SEBI) in February 2026.

Laser Power & Infra IPO price band will be announced on July 6. The anchor investor book will open on July 8. The IPO allotment is expected to be finalised by July 14, and the IPO listing date is July 16. Laser Power & Infra shares will be listed on BSE and NSE.

The company has reserved half of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and the remaining 35% for retail investors.

Laser Power & Infra plans to utilise the net issue proceeds towards repayment or prepayment of borrowings amounting to ₹490 crore and for general corporate purposes.

IIFL Capital Services and ICICI Securities are the book-running lead managers, while MUFG Intime India Pvt. Ltd. is the Laser Power & Infra IPO registrar.

Laser Power & Infra is an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry.

The company operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT.

Its net profit in FY26 grew 42% year-on-year (YoY) to ₹151.6 crore, while revenue declined 9.5% YoY to ₹2,326.1 crore. EBITDA increased 20.4% YoY to ₹301.4 crore, while the EBITDA margin expanded 321 basis points (bps) to 12.95%.

The company’s order book stood at ₹3,243 crore as of March 31, 2026.

Laser Power & Infra’s listed peers include Apar Industries, Dynamic Cables, KEI Industries, Polycab India, and Universal Cables.

Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. <br><br> With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. <br><br> Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. <br><br> Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.

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