IPO
Laser Power & Infra makes stellar market debut, lists up to 26% above IPO price
Mumbai/IBNS: Shares of Laser Power & Infra Limited made a strong debut on the stock exchanges on Thursday, listing at a healthy premium over their issue price, reflecting robust investor demand.
The stock opened at Rs. 250 on the National Stock Exchange (NSE), a premium of 16.82 percent over the upper issue price of Rs. 214.
On the Bombay Stock Exchange (BSE), it debuted at Rs. 269, translating into a 25.70 percent listing gain.
The company had launched its Rs. 742-crore initial public offering (IPO) between July 9 and July 13, 2026, with a price band of Rs. 203-214 per equity share. The issue comprised a fresh issue of Rs. 542 crore and an Offer for Sale (OFS) worth Rs. 200 crore.
The IPO had received a strong response from investors across categories, driven by healthy institutional participation and optimism surrounding the company's growth prospects in India's expanding power infrastructure sector.
About the Company
Founded in 1988, Laser Power & Infra Limited is a Kolkata-headquartered integrated power transmission and infrastructure company.
It manufactures power cables, conductors and specialised electrical products, while also executing Engineering, Procurement and Construction (EPC) projects for power transmission and distribution networks.
The company operates multiple manufacturing facilities in West Bengal and serves both government utilities and private sector clients across India.
It plans to utilise the proceeds from the fresh issue primarily for debt repayment, working capital requirements, capital expenditure and general corporate purposes.
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