Laser Power & Infra Limited to Launch IPO Bidding This Week

Laser Power & Infra Limited has set July 9, 2026 as the date when investors can begin placing bids for its initial public offering. The company's equity shares, each with a face value of ₹5, will be offered within a price band of ₹203 to ₹214 per share.

Anchor investors will have the opportunity to bid one day earlier, on July 8, 2026, while the bidding window for all other participants closes on July 13, 2026. The UPI mandate deadline falls at 5:00 pm on the closing date.

The offering comprises two components: a fresh issuance of equity shares valued at up to ₹5,420 million and an offer for sale by promoter shareholders totalling ₹2,000 million. The promoter selling shareholders include Deepak Goel, who is selling shares worth ₹1,125 million; Rakhi Goel, with ₹250 million; and Devesh Goel, contributing ₹625 million.

Prospective bidders must apply for a minimum of 70 shares, with subsequent bids in multiples of that amount. The company will use the book building process to allocate shares across different investor categories. Qualified institutional buyers can access up to 50% of the offering, with anchor investors eligible for discretionary allocation of up to 60% of the QIB portion. Within this anchor allocation, 40% is reserved for domestic mutual funds (33.33%) and life insurance companies and pension funds (6.67%).

Non-institutional investors will have access to at least 15% of the offering, divided between those bidding between ₹200,000 and ₹1,000,000 (one-third) and those bidding above ₹1,000,000 (two-thirds). Retail individual investors are guaranteed at least 35% of the shares on offer.

All bidders except anchor investors must participate through the Application Supported by Blocked Amount process, providing bank account or UPI details where their bid amounts will be blocked by designated banks. Anchor investors are prohibited from using the ASBA mechanism.

Following the successful closure of the offering, the company's shares will be listed on both the BSE Limited and the National Stock Exchange of India Limited. IIFL Capital Services Limited and ICICI Securities Limited are serving as book running lead managers for the offering.