Laser Power & Infra IPO
Analysis based on 31 articles · First reported Jul 04, 2026 · Last updated Jul 15, 2026
The IPO's strong subscription and grey market premium indicate positive market sentiment, likely leading to a successful listing. The debt repayment from proceeds will strengthen Laser Power & Infra's balance sheet, potentially improving its financial performance and investor confidence.
Laser Power & Infra Limited (LPIL), an integrated manufacturer of power cables, conductors, and specialty electrical products, launched its Rs 742 crore initial public offering (IPO) on July 9, 2026, with a price band of Rs 203-214 per share. The issue closed on July 13, 2026, and was subscribed 38.94 times, indicating strong investor interest. The IPO comprises a fresh issue of Rs 542 crore and an offer for sale of Rs 200 crore by promoters Deepak Goel, Rakhi Goel, and Devesh Goel. Net proceeds from the fresh issue will be used primarily for debt repayment (Rs 490 crore) and general corporate purposes. The company reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26, with an order book of Rs 3,243 crore as of March 31, 2026. The IPO was managed by Si Creva Capital Services and Meritz Securities, with MUFG Intime India as registrar. Shares are expected to list on the NSE and BSE on July 16, 2026.
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