Laser Power & Infra Rs 742-crore IPO opens today; GMP hints 10% listing gain

Laser Power & Infra's Rs 742-crore IPO opened for subscription from July 9 to 13, 2026, with a price band of Rs 203 to Rs 214 per share. Grey market premium of around Rs 21 suggests an estimated 10% listing gain, with listing expected on July 16. The fresh issue of Rs 542 crore will primarily be used for repaying Rs 490 crore of debt, while the Rs 200-crore OFS involves promoters Deepak Goel, Rakhi Goel, and Devesh Goel partially exiting. The company, with manufacturing facilities in West Bengal and operations across 26 states, reported FY26 revenue of Rs 2,347.89 crore against Rs 2,592.53 crore in FY25, with an order book of around Rs 3,243 crore.