- Price Band fixed at ₹ 203 per equity share of face value ₹5 each to ₹ 214 per equity share of the face value of ₹5 each (“Equity Shares”) of Laser Power & Infra Limited (the “Company”)
- Anchor Investor Bidding Date – Wednesday, July 8, 2026
- Bid /Offer Opening Date – Thursday, July 9, 2026, and Bid/ Offer Closing Date – Monday, July 13, 2026
- Bids can be made for a minimum of 70 Equity Shares of face value ₹5 and in multiples of 70 Equity Shares of face value ₹5 thereafter
- Red Herring Prospectus dated July 3, 2026 (“RHP”) link –
https://laserpowerinfra.com/wp-content/uploads/2026/07/Red-Herring-Prospectus.pdf
Ahmedabad, July 7, 2026: Laser Power & Infra Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹5 each (“Equity Shares”) on Thursday, July 9, 2026. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, July 8, 2026. The Bid/ Offer Closing Date is Monday, July 13, 2026*.
*UPI mandate end time and date shall be at 5:00 pm on the Bid/Offer Closing Date.
The Price Band of the Offer has been fixed from ₹ 203.00 per Equity Share of face value ₹5 each to ₹ 214.00 per Equity Share of face value ₹5 each. Bids can be made for a minimum of 70 Equity Shares of face value ₹5 each and multiples of 70 Equity Shares of face value ₹5 each thereafter.
The Initial Public Offering comprises of a Fresh Issue of Equity Shares aggregating up to ₹5,420.00 million and an Offer for Sale of Equity Shares aggregating up to ₹2,000.00 million by the Promoter Selling Shareholders.
The Offer for Sale includes Equity Shares aggregating up to ₹1,125.00 million by Deepak Goel, Equity Shares aggregating up to ₹250.00 million by Rakhi Goel, and Equity Shares aggregating up to ₹625.00 million by Devesh Goel (collectively “Promoter Selling Shareholders”).
The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Category to Anchor Investors on a discretionary basis (the “Anchor Investor Portion”), out of which 40% shall be available for allocation in the following manner: (i) 33.33% shall be available for allocation to domestic Mutual Funds, and (ii) 6.67% shall be reserved for life insurance companies and pension funds, subject to valid Bids being received from domestic Mutual Funds, life insurance companies and pension funds at or above the price at which Equity Shares will be allocated to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Category (excluding the Anchor Investor Portion) (the “Net QIB Category”). Further, 5% of the Net QIB Category shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Category shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from the Mutual Funds is less than 5% of the Net QIB Category, the balance Equity Shares available for allocation in the Mutual Fund Portion (defined hereinafter) will be added to the remaining QIB Category for proportionate allocation to QIBs.
Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors (“NIIs”) (“Non-Institutional Category”), of which one-third of the Non-Institutional Category shall be available for allocation to Bidders with a Bid size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Category shall be available for allocation to Bidders with a Bid size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of the Non-Institutional Category may be allocated to Bidders in the other sub-category of the Non-Institutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Further, not less than 35% of the Offer shall be available for allocation to Retail Individual Investors (“RIIs”) (“Retail Category”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.
All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process.
The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE“)and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).
IIFL Capital Services Limited (Formerly known as IIFL Securities Limited) and ICICI Securities Limited are the Book Running Lead Managers (“BRLMs”)to the Offer.
