Laser Power & Infra Ltd will open its initial public offering (IPO) on July 9, aiming to raise ₹742 crore from the primary market. The IPO will close on July 13 and includes a fresh issue of equity shares worth ₹542 crore alongside an offer for sale (OFS) of shares aggregating up to ₹200 crore by promoter selling shareholders, according to the company’s Red Herring Prospectus (RHP).
The Kolkata-based company initially planned a larger IPO size of ₹1,200 crore but has reduced it to ₹742 crore ahead of the launch. The fresh equity issue will help Laser Power & Infra raise capital for its business operations, while the OFS will allow promoters to partially exit by selling shares to public investors. The IPO process is expected to attract participation from institutional and retail investors.
This IPO comes amid a cautious market environment where companies are adjusting issue sizes to align with investor demand. Laser Power & Infra’s ₹742 crore offer is smaller than its original plan but still significant for the infrastructure sector. The move reflects a broader trend of companies calibrating public offerings to current market conditions and investor appetite, similar to other recent IPOs in the infrastructure and power segments.
The IPO subscription period will run from July 9 to July 13, with the company’s shares expected to list on stock exchanges shortly thereafter. Investors will watch the subscription numbers closely as an indicator of market sentiment toward infrastructure-related public offerings this year.