Laser Power & Infra Ltd will open its initial public offering to investors on July 9, aiming to raise ₹742 crore.
The Kolkata-based manufacturer of power cables and conductors has set a price band of ₹203-214 per share, with the subscription window closing on July 11.
84% over the last three years, driven by strong demand in the power transmission and distribution sector.
The issue includes both fresh shares and an offer for sale by existing promoters.
The listing comes as India’s primary market gears up for a busy week, with Kusumgar Limited also preparing to launch its IPO alongside several smaller SME issues.
Collectively, these offerings are expected to raise over ₹1,392 crore, signaling sustained retail and institutional appetite in the current market regime.
Financially, Laser Power & Infra has reported a revenue compound annual growth rate of 39.84% over the last three years, driven by strong demand in the power transmission and distribution sector.