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(06/07/2026 12:50)

Laser Power announces launch of initial public offering

Laser Power and Infra Ltd. has announced public offering of 34672898 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 209.00 per share. The gross proceeds of the issue are expected to be Rs 74,200.00 lakhs.

The company's initial public offer (IPO) will open on 09 July 2026 and is expected to close on 13 July 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 203.00-214.00 per share.

The IPO includes a fresh Issue of 34672898 Equity Shares of the Company at an price of Rs 214.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 70 shares with bids in multiples of 70.

Laser Power and Infra Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,IIFL Capital Services Limited as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.
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