Laser Power & Infra Limited has raised ₹222 crore from anchor investors at ₹214 per equity share ahead of its planned initial public offering (IPO), according to a recent exchange filing. The IPO, targeting ₹742 crore, is set to open on July 9, 2026, with shares expected to list on the BSE and NSE by July 16.
The company fixed its IPO price band between ₹203 and ₹214 per equity share, with a face value of ₹5. The anchor investors who secured allocations include Nippon Life Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Mirae Mutual Fund, Motilal Oswal Mutual Fund, and Bandhan Bank, among others. The IPO will reserve shares for qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors, as detailed in the exchange filing.
Laser Power & Infra operates as an integrated manufacturer of power cables and conductors, a sector that has seen growing investor interest due to rising infrastructure and energy demands in India. The ₹742 crore IPO places the company among mid-sized public offerings in the power equipment manufacturing segment this year. The participation of prominent mutual funds and financial institutions underscores confidence in the company’s market position and growth prospects.
The IPO subscription window opens on July 9, 2026, and closes shortly thereafter, with the company’s shares expected to debut on the Bombay Stock Exchange and National Stock Exchange by July 16, 2026, as per the exchange filing.