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CNBC TV18

Laser Power & Infra launches ₹742 crore IPO, subscription open July 9–13 at ₹203–214 a share

AI Market Summary
Laser Power & Infra's ₹742 crore IPO opens July 9 with most fresh proceeds earmarked for debt repayment, alongside anchor participation and a moderating grey market premium. While supportive for company-specific credit and equity sentiment in India's power infrastructure supply chain, it has limited read-through to listed global risk assets or crypto. Near-term market impact is likely confined to domestic primary-market liquidity and sector attention.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.07%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Laser Power & Infra has launched a ₹742 crore IPO, open for subscription from July 9 to July 13, with a price band of ₹203–214 per share. The offering includes a ₹542 crore fresh issue, with ₹490 crore earmarked for debt repayment. The company makes power cables and conductors and also executes EPC projects; in FY26 revenue fell 9.5% to ₹2,326 crore while net profit rose 42% to ₹151.6 crore. It reported an order book of ₹3,243 crore.
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