The ₹742 crore Laser Power & Infra IPO opened for subscription today, July 9, 2026, with a price band of ₹203 to ₹214 per share. As of 10:35 AM on Day 1, the issue was subscribed 0.03 times, while the Grey Market Premium (GMP) stands at around ₹15 over the issue price.

The issue will remain open until July 13, 2026. The basis of allotment is expected to be finalised on July 14, 2026, and the shares are tentatively scheduled to list on the NSE and BSE on July 16, 2026.

Laser Power & Infra IPO - Issue Details

Issue Type: Book-Built IPO (Fresh Issue + OFS)
Total Issue Size: Up to ₹742.00 crore
Fresh Issue: Up to ₹542.00 crore
Offer for Sale (OFS): Up to ₹200.00 crore
Face Value: ₹5 per equity share
Price Band: ₹203 to ₹214 per share
Lot Size: 70 shares
Minimum Investment Amount (Retail Investor): ₹14,980 (70 shares) (based on upper price band)
Listing: BSE, NSE
Book Running Lead Managers: IIFL Capital Services Limited, ICICI Securities Limited
Registrar: MUFG Intime India Private Limited

Laser Power & Infra IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	09 July 2026
Subscription Closing Date	13 July 2026
Basis of Allotment Date	14 July 2026
Refund Date	15 July 2026
Credit of Shares	15 July 2026
Listing on BSE and NSE	16 July 2026

Note: The allotment and listing dates are tentative and may be revised.

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company.
General corporate purposes.

Explore other Upcoming IPOs on BSE and NSE.

Laser Power & Infra IPO Day 1 Subscription Status

[July 9, 2026, 10:35 AM]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.00x
Non-Institutional Investors (NIIs)	0.02x
Retail Individual Investors (RIIs)	0.06x
Total	0.03x

Laser Power & Infra IPO GMP Today

According to media reports, the Laser Power & Infra IPO was commanding a Grey Market Premium (GMP) of around ₹15 per share over its issue price.

About Laser Power & Infra Limited

Laser Power & Infra Limited is engaged in the manufacturing of power cables, conductors, and other specialised products that support India's power transmission and distribution infrastructure. The company diversified into the engineering, procurement, and construction (EPC) business in 2015, taking up projects related to rural electrification, power distribution networks, substation development, and other end-to-end power infrastructure solutions.

With three manufacturing facilities located in West Bengal, the company has a combined installed capacity of 85,448 MT as of March 31, 2026. As per CRISIL, Laser Power & Infra ranks among the prominent manufacturers of power cables and conductors in East India based on installed capacity. The company is also an authorised supplier to Indian Railways and has received RDSO accreditation for producing various signalling and power cable products.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from Operations	₹2,326.10 Cr.	₹2,570.39 Cr.	₹1,747.57 Cr.
Profit After Tax	₹151.59 Cr.	₹106.75 Cr.	₹40.40 Cr.
EBITDA	₹301.44 Cr.	₹250.38 Cr.	₹156.10 Cr.