Laser Power and Infra has announced that its initial public offering (IPO) will open for subscription on Thursday, July 9, 2026, with the price band fixed at ₹203 to ₹214 per equity share of face value ₹5 each.
The company has scheduled the Anchor Investor Bidding Date for Wednesday, July 8, 2026, while the issue will close on Monday, July 13, 2026.
Investors can place bids for a minimum of 70 equity shares and in multiples of 70 equity shares thereafter. The UPI mandate end time and date will be 5:00 pm on the Bid/Offer Closing Date.
The Laser Power and Infra IPO comprises a Fresh Issue of equity shares aggregating up to ₹5,420 million and an Offer for Sale (OFS) aggregating up to ₹2,000 million by the promoter selling shareholders.
Under the Offer for Sale, Deepak Goel will sell equity shares aggregating up to ₹1,125 million, Rakhi Goel will offer shares worth up to ₹250 million, and Devesh Goel will divest equity shares aggregating up to ₹625 million.
The company has fixed the price band between ₹203 and ₹214 per equity share, with bids accepted for a minimum lot size of 70 equity shares and in multiples thereof.
The Laser Power and Infra IPO is being made in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, read with Regulation 31 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations through the Book Building Process.
As per the issue structure, not more than 50% of the offer will be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs).
The company, in consultation with the Book Running Lead Managers (BRLMs), may allocate up to 60% of the QIB Category to Anchor Investors on a discretionary basis.
Out of the Anchor Investor Portion, 40% will be available for allocation in the following manner:
- 33.33% to domestic mutual funds.
- 6.67% to life insurance companies and pension funds.
This allocation is subject to valid bids being received at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations.
In case of under-subscription or non-allocation in the Anchor Investor Portion, the remaining equity shares will be added to the Net QIB Category.
Additionally, 5% of the Net QIB Category will be reserved for mutual funds, while the remaining portion will be allocated proportionately among all QIBs, including mutual funds, subject to valid bids at or above the offer price.
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The Laser Power and Infra IPO also reserves not less than 15% of the offer for Non-Institutional Investors (NIIs).
Of this allocation, one-third will be available for bidders with applications exceeding ₹200,000 and up to ₹1,000,000, while two-thirds will be available for bidders with applications exceeding ₹1,000,000.
Any under-subscription in either category may be reallocated in accordance with the SEBI ICDR Regulations.
Further, not less than 35% of the offer has been reserved for Retail Individual Investors (RIIs), subject to valid bids being received at or above the offer price.
All bidders, except Anchor Investors, will be required to participate through the Application Supported by Blocked Amount (ASBA) process. Applicants must provide details of their bank accounts, including UPI IDs for UPI bidders, through which the bid amount will be blocked by the Self Certified Syndicate Banks (SCSBs) or the Sponsor Bank, as applicable. Anchor Investors will not be permitted to apply through the ASBA process.
The equity shares of Laser Power and Infra are proposed to be listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and ICICI Securities Limited are acting as the Book Running Lead Managers (BRLMs) to the issue.
