Laser Power & Infra Limited has set the price band for its initial public offering (IPO) at ₹203 to ₹214 per equity share, each with a face value of ₹5. The IPO subscription will open on July 9 and close on July 13, aiming to raise ₹742 crore. The funds are primarily intended for debt repayment and general corporate purposes, according to livemint.com.
The company announced the price band and key dates ahead of the subscription period. Investors will have a five-day window to apply for shares, starting Thursday, July 9. The firm outlined that the IPO proceeds will be used to reduce existing debt and support corporate activities, signaling a strategic move to strengthen its financial position before entering the public market.
This IPO comes at a time when infrastructure and power sector companies are seeking capital to manage debt and fund expansion. Laser Power & Infra's ₹742 crore target places it among mid-sized IPOs in the sector this year. The pricing reflects market conditions and investor appetite for infrastructure stocks, with the company positioning itself to attract institutional and retail investors alike.
The IPO subscription period will close on July 13, after which the company will finalize allotments and list on the stock exchanges. The successful completion of this offering will provide Laser Power & Infra with enhanced financial flexibility to support its operations and growth plans, as detailed on livemint.com.