Laser Power & Infra IPO: GMP, price band to financials—10 things investors should know before subscribing

Laser Power and Infra's ₹742 crore IPO opens for subscription on July 9 and closes on July 13, with a price band of ₹203-₹214 per share and a minimum retail investment of about ₹14,980. The issue comprises a fresh issue of up to ₹800 crore and an offer for sale of up to ₹400 crore by promoters Deepak Goel, Devesh Goel, Akshat Goel and Rakhi Goel. Grey market premium stood at ₹15 per share, implying a likely listing price around ₹229, a 7% premium over the upper price band. The company, which manufactures power cables, conductors and undertakes EPC projects, reported revenue growth from ₹1,314 crore in FY23 to ₹2,570 crore in FY25, with PAT rising from ₹23 crore to ₹107 crore.