Laser Power & Infra Ltd has reduced the size of its initial public offering to ₹742 crore, setting the stage for a July 9 debut on Indian exchanges.
The Kolkata-based manufacturer of power cables and conductors will open the subscription window on July 9, with the issue closing four days later on July 13.
The revised offering structure comprises a fresh issue of equity shares worth ₹542 crore, alongside an offer for sale (OFS) of up to ₹200 crore by promoter selling shareholders.
The company filed the updated details in its Red Herring Prospectus, signaling a recalibration of its fundraising ambitions ahead of the public market debut.
The reduction in issue size comes as Laser Power & Infra navigates a crowded IPO calendar.
The company’s listing coincides with that of Devson Catalyst Limited, a specialty chemical manufacturer that also confirmed a July 9 opening date for its own ₹400 crore-plus offering.