Laser Power & Infra Ltd. has announced the price band for its upcoming initial public offering (IPO), setting it at ₹203-214 per equity share. The company’s SME public issue is scheduled to open for subscription on July 9, providing investors an opportunity to participate in the company’s next phase of growth.
The IPO will consist of a fresh issue of equity shares, with the proceeds proposed to be utilized for business expansion, working capital requirements and other corporate purposes, as outlined in the company’s offer documents.
Laser Power & Infra operates in the power and infrastructure segment, offering engineering solutions and products catering to the electrical and power transmission industry. The company has built its presence by supplying products and executing projects for utilities, infrastructure developers and industrial customers.
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The company aims to strengthen its operational capabilities and support future growth through the capital raised from the public issue. The IPO comes at a time when investment activity in India’s power and infrastructure sectors continues to remain robust, driven by increased spending on transmission, distribution and renewable energy projects.
The IPO comes amid sustained investor interest in India’s SME segment, particularly companies operating in the power, infrastructure and electrical engineering sectors. The upcoming public issue is expected to draw attention from market participants looking to track new listings in these industries.
The issue is scheduled to open on July 9, while the price band has been fixed at ₹203-214 per share.
